Amazon.com (NASDAQ:AMZN) Price Target Cut to $225.00 by Analysts at Wells Fargo & Company

Amazon.com (NASDAQ:AMZN) had its target price cut by Wells Fargo & Company from $232.00 to $225.00 in a research note released on Monday, Benzinga reports. They currently have an overweight rating on the e-commerce giant’s stock.

Other analysts also recently issued reports about the stock. Argus increased their price target on shares of Amazon.com from $185.00 to $205.00 and gave the company a buy rating in a report on Thursday, May 2nd. Tigress Financial upped their target price on shares of Amazon.com from $210.00 to $245.00 and gave the stock a buy rating in a report on Thursday, May 30th. Jefferies Financial Group dropped their price target on Amazon.com from $235.00 to $225.00 and set a buy rating for the company in a report on Friday, August 2nd. TD Securities raised their price objective on shares of Amazon.com from $225.00 to $245.00 in a research report on Wednesday, July 10th. Finally, Evercore ISI boosted their target price on Amazon.com from $220.00 to $225.00 and gave the stock an outperform rating in a research report on Wednesday, May 1st. One equities research analyst has rated the stock with a hold rating, forty have assigned a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of Buy and a consensus target price of $221.36.

Amazon.com Trading Down 1.3 %

Shares of AMZN opened at $170.80 on Monday. The business’s 50-day moving average price is $183.41 and its 200 day moving average price is $181.08. The stock has a market capitalization of $1.78 trillion, a P/E ratio of 47.84, a P/E/G ratio of 1.32 and a beta of 1.15. The company has a current ratio of 1.07, a quick ratio of 0.87 and a debt-to-equity ratio of 0.27. Amazon.com has a 1-year low of $118.35 and a 1-year high of $201.20.

Amazon.com (NASDAQ:AMZN) last released its earnings results on Thursday, August 1st. The e-commerce giant reported $1.23 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.05 by $0.18. The company had revenue of $147.98 billion during the quarter, compared to the consensus estimate of $148.63 billion. Amazon.com had a net margin of 7.35% and a return on equity of 22.35%. Analysts expect that Amazon.com will post 4.73 earnings per share for the current year.

Insider Buying and Selling

In other Amazon.com news, CEO Douglas J. Herrington sold 3,500 shares of Amazon.com stock in a transaction on Monday, June 3rd. The shares were sold at an average price of $177.29, for a total value of $620,515.00. Following the completion of the transaction, the chief executive officer now owns 523,253 shares of the company’s stock, valued at $92,767,524.37. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. In other Amazon.com news, CEO Andrew R. Jassy sold 20,784 shares of the company’s stock in a transaction dated Wednesday, August 21st. The shares were sold at an average price of $180.77, for a total value of $3,757,123.68. Following the transaction, the chief executive officer now owns 2,056,534 shares of the company’s stock, valued at $371,759,651.18. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, CEO Douglas J. Herrington sold 3,500 shares of the stock in a transaction that occurred on Monday, June 3rd. The stock was sold at an average price of $177.29, for a total transaction of $620,515.00. Following the transaction, the chief executive officer now directly owns 523,253 shares of the company’s stock, valued at approximately $92,767,524.37. The disclosure for this sale can be found here. Insiders sold a total of 6,107,817 shares of company stock valued at $1,221,241,837 over the last 90 days. Insiders own 10.80% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in the business. Vanguard Group Inc. boosted its holdings in shares of Amazon.com by 1.9% in the 1st quarter. Vanguard Group Inc. now owns 785,811,114 shares of the e-commerce giant’s stock valued at $141,744,609,000 after buying an additional 14,724,687 shares in the last quarter. Norges Bank acquired a new position in Amazon.com in the 4th quarter valued at $17,700,551,000. Capital Research Global Investors lifted its position in Amazon.com by 8.5% during the first quarter. Capital Research Global Investors now owns 86,982,857 shares of the e-commerce giant’s stock worth $15,689,968,000 after buying an additional 6,810,145 shares during the period. Legal & General Group Plc lifted its holdings in shares of Amazon.com by 1.5% during the 2nd quarter. Legal & General Group Plc now owns 69,686,374 shares of the e-commerce giant’s stock worth $13,466,933,000 after acquiring an additional 1,042,177 shares during the period. Finally, Bank of New York Mellon Corp boosted its holdings in shares of Amazon.com by 0.4% in the 2nd quarter. Bank of New York Mellon Corp now owns 67,745,972 shares of the e-commerce giant’s stock valued at $13,091,909,000 after purchasing an additional 289,532 shares during the last quarter. Institutional investors and hedge funds own 72.20% of the company’s stock.

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.