Wells Fargo & Company Lowers Amazon.com (NASDAQ:AMZN) Price Target to $207.00

Amazon.com (NASDAQ:AMZN) had its price target cut by Wells Fargo & Company from $212.00 to $207.00 in a report released on Friday,Benzinga reports. They currently have an equal weight rating on the e-commerce giant’s stock.

Other equities analysts have also recently issued research reports about the stock. Roth Mkm increased their price objective on shares of Amazon.com from $220.00 to $250.00 and gave the stock a “buy” rating in a research report on Monday, December 9th. Bank of America upped their price target on Amazon.com from $210.00 to $230.00 and gave the stock a “buy” rating in a research note on Friday, November 1st. Sanford C. Bernstein boosted their price objective on Amazon.com from $235.00 to $265.00 and gave the company an “outperform” rating in a report on Wednesday, December 18th. Needham & Company LLC reaffirmed a “buy” rating and set a $250.00 target price on shares of Amazon.com in a research report on Friday. Finally, JMP Securities reissued a “market outperform” rating and issued a $285.00 price target on shares of Amazon.com in a research report on Thursday, January 30th. Two investment analysts have rated the stock with a hold rating, forty-two have given a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, Amazon.com has a consensus rating of “Moderate Buy” and a consensus target price of $260.20.

Amazon.com Trading Down 4.1 %

Shares of AMZN stock opened at $229.15 on Friday. Amazon.com has a fifty-two week low of $151.61 and a fifty-two week high of $242.52. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.87 and a current ratio of 1.09. The stock has a 50 day simple moving average of $226.51 and a two-hundred day simple moving average of $200.30. The company has a market cap of $2.41 trillion, a P/E ratio of 49.07, a PEG ratio of 1.35 and a beta of 1.15.

Amazon.com (NASDAQ:AMZN) last released its quarterly earnings data on Thursday, February 6th. The e-commerce giant reported $1.86 earnings per share for the quarter, beating the consensus estimate of $1.52 by $0.34. Amazon.com had a net margin of 8.04% and a return on equity of 22.41%. Research analysts forecast that Amazon.com will post 5.3 earnings per share for the current year.

Insiders Place Their Bets

In other news, Director Jonathan Rubinstein sold 4,351 shares of the firm’s stock in a transaction that occurred on Monday, December 9th. The shares were sold at an average price of $229.85, for a total value of $1,000,077.35. Following the completion of the transaction, the director now directly owns 88,203 shares in the company, valued at approximately $20,273,459.55. This trade represents a 4.70 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Daniel P. Huttenlocher sold 1,237 shares of the company’s stock in a transaction that occurred on Tuesday, November 19th. The stock was sold at an average price of $199.06, for a total transaction of $246,237.22. Following the sale, the director now directly owns 24,912 shares in the company, valued at $4,958,982.72. This trade represents a 4.73 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 3,026,212 shares of company stock worth $625,666,424 over the last 90 days. Corporate insiders own 10.80% of the company’s stock.

Hedge Funds Weigh In On Amazon.com

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Warwick Investment Management Inc. boosted its position in shares of Amazon.com by 2.9% during the 4th quarter. Warwick Investment Management Inc. now owns 8,829 shares of the e-commerce giant’s stock valued at $1,937,000 after acquiring an additional 246 shares during the last quarter. Saturna Capital Corp raised its stake in Amazon.com by 1.8% in the fourth quarter. Saturna Capital Corp now owns 28,999 shares of the e-commerce giant’s stock valued at $6,362,000 after purchasing an additional 505 shares in the last quarter. Summit X LLC lifted its position in Amazon.com by 11.4% during the fourth quarter. Summit X LLC now owns 24,485 shares of the e-commerce giant’s stock valued at $5,372,000 after purchasing an additional 2,500 shares during the last quarter. Wealth High Governance Capital Ltda grew its stake in Amazon.com by 396.0% in the 4th quarter. Wealth High Governance Capital Ltda now owns 49,600 shares of the e-commerce giant’s stock worth $10,882,000 after buying an additional 39,600 shares in the last quarter. Finally, Windle Wealth LLC increased its holdings in shares of Amazon.com by 6.6% in the 4th quarter. Windle Wealth LLC now owns 12,884 shares of the e-commerce giant’s stock worth $2,827,000 after buying an additional 800 shares during the last quarter. 72.20% of the stock is currently owned by hedge funds and other institutional investors.

Amazon.com Company Profile

Amazon.com, Inc engages in the retail sale of consumer products, advertising, and subscriptions service through online and physical stores in North America and internationally. The company operates through three segments: North America, International, and Amazon Web Services (AWS). It also manufactures and sells electronic devices, including Kindle, Fire tablets, Fire TVs, Echo, Ring, Blink, and eero; and develops and produces media content.