Amazon.com (NASDAQ:AMZN) Given New $212.00 Price Target at Wells Fargo & Company

Amazon.com (NASDAQ:AMZN) had its price target hoisted by Wells Fargo & Company from $197.00 to $212.00 in a report issued on Tuesday morning,Benzinga reports. They currently have an equal weight rating on the e-commerce giant’s stock.

AMZN has been the topic of several other reports. Bank of America boosted their price target on Amazon.com from $210.00 to $230.00 and gave the stock a “buy” rating in a report on Friday, November 1st. Cantor Fitzgerald reiterated an “overweight” rating and issued a $230.00 target price on shares of Amazon.com in a report on Monday, October 7th. Telsey Advisory Group upped their target price on Amazon.com from $215.00 to $235.00 and gave the company an “outperform” rating in a report on Friday, November 1st. DA Davidson reiterated a “buy” rating and issued a $235.00 target price on shares of Amazon.com in a report on Thursday, October 10th. Finally, Deutsche Bank Aktiengesellschaft upped their target price on Amazon.com from $225.00 to $232.00 and gave the company a “buy” rating in a report on Friday, November 1st. Two analysts have rated the stock with a hold rating, forty-two have given a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $245.65.

Amazon.com Stock Performance

NASDAQ:AMZN opened at $220.66 on Tuesday. The stock has a market cap of $2.32 trillion, a P/E ratio of 47.25, a price-to-earnings-growth ratio of 1.22 and a beta of 1.14. The company has a current ratio of 1.09, a quick ratio of 0.87 and a debt-to-equity ratio of 0.21. The stock’s 50-day moving average is $217.35 and its 200-day moving average is $195.93. Amazon.com has a 1-year low of $149.91 and a 1-year high of $233.00.

Amazon.com (NASDAQ:AMZN) last released its quarterly earnings results on Thursday, October 31st. The e-commerce giant reported $1.43 earnings per share for the quarter, topping the consensus estimate of $1.14 by $0.29. The company had revenue of $158.88 billion for the quarter, compared to analysts’ expectations of $157.28 billion. Amazon.com had a return on equity of 22.41% and a net margin of 8.04%. The business’s quarterly revenue was up 11.0% compared to the same quarter last year. During the same period in the previous year, the business posted $0.85 earnings per share. Equities research analysts anticipate that Amazon.com will post 5.38 earnings per share for the current year.

Insider Buying and Selling

In other news, Director Jonathan Rubinstein sold 4,351 shares of Amazon.com stock in a transaction that occurred on Monday, December 9th. The stock was sold at an average price of $229.85, for a total value of $1,000,077.35. Following the sale, 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 position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Jeffrey P. Bezos sold 2,996,362 shares of the company’s stock in a transaction that occurred on Friday, November 8th. The shares were sold at an average price of $208.85, for a total value of $625,790,203.70. Following the transaction, the insider now owns 917,416,976 shares of the company’s stock, valued at approximately $191,602,535,437.60. This represents a 0.33 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 6,032,344 shares of company stock worth $1,253,456,822 in the last ninety days. 10.80% of the stock is owned by insiders.

Institutional Trading of Amazon.com

Hedge funds have recently made changes to their positions in the stock. Icon Wealth Advisors LLC raised its position in shares of Amazon.com by 20.5% in the 3rd quarter. Icon Wealth Advisors LLC now owns 150,661 shares of the e-commerce giant’s stock worth $28,000 after purchasing an additional 25,581 shares during the last quarter. PayPay Securities Corp increased its stake in Amazon.com by 64.6% during the 2nd quarter. PayPay Securities Corp now owns 163 shares of the e-commerce giant’s stock valued at $32,000 after purchasing an additional 64 shares in the last quarter. Hoese & Co LLP purchased a new position in Amazon.com in the third quarter worth about $37,000. Bull Oak Capital LLC bought a new position in shares of Amazon.com in the third quarter worth approximately $45,000. Finally, Values First Advisors Inc. purchased a new stake in shares of Amazon.com during the third quarter valued at approximately $56,000. 72.20% of the stock is owned by 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.