Amazon.com (NASDAQ:AMZN) Stock Price Expected to Rise, Wolfe Research Analyst Says

Amazon.com (NASDAQ:AMZN) had its price objective increased by investment analysts at Wolfe Research from $250.00 to $270.00 in a report released on Friday,Briefing.com Automated Import reports. The brokerage presently has an “outperform” rating on the e-commerce giant’s stock. Wolfe Research’s price objective points to a potential upside of 22.60% from the company’s current price.

A number of other research analysts have also commented on AMZN. Wedbush increased their price objective on Amazon.com from $225.00 to $250.00 and gave the company an “outperform” rating in a report on Friday, November 1st. Royal Bank of Canada increased their price target on Amazon.com from $215.00 to $225.00 and gave the company an “outperform” rating in a report on Friday, November 1st. Pivotal Research started coverage on shares of Amazon.com in a research note on Friday, October 11th. They issued a “buy” rating and a $260.00 price objective for the company. Morgan Stanley upped their price objective on shares of Amazon.com from $210.00 to $230.00 and gave the stock an “overweight” rating in a report on Monday, November 4th. Finally, Susquehanna lifted their target price on shares of Amazon.com from $220.00 to $230.00 and gave the stock a “positive” rating in a report on Friday, November 1st. Two analysts have rated the stock with a hold rating, forty-one have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $243.44.

Amazon.com Stock Performance

AMZN stock opened at $220.22 on Friday. The firm has a 50 day moving average of $211.67 and a two-hundred day moving average of $193.59. Amazon.com has a 12 month low of $144.05 and a 12 month high of $233.00. The company has a market capitalization of $2.32 trillion, a price-to-earnings ratio of 47.16, a P/E/G ratio of 1.54 and a beta of 1.16. The company has a quick ratio of 0.87, a current ratio of 1.09 and a debt-to-equity ratio of 0.21.

Amazon.com (NASDAQ:AMZN) last released its quarterly earnings data on Thursday, October 31st. The e-commerce giant reported $1.43 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.14 by $0.29. The business had revenue of $158.88 billion during the quarter, compared to analyst estimates of $157.28 billion. Amazon.com had a net margin of 8.04% and a return on equity of 22.41%. Amazon.com’s quarterly revenue was up 11.0% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.85 EPS. As a group, equities analysts anticipate that Amazon.com will post 5.29 EPS for the current fiscal year.

Insider Activity at Amazon.com

In other Amazon.com news, CEO Matthew S. Garman sold 15,260 shares of the stock in a transaction dated Thursday, November 21st. The shares were sold at an average price of $200.19, for a total transaction of $3,054,899.40. Following the sale, the chief executive officer now owns 349,261 shares of the company’s stock, valued at $69,918,559.59. This represents a 4.19 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Jeffrey P. Bezos sold 2,996,362 shares of the business’s stock in a transaction dated Friday, November 8th. The stock was sold at an average price of $208.85, for a total transaction of $625,790,203.70. Following the completion of the transaction, the insider now directly 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 ownership of the stock. The disclosure for this sale can be found here. Insiders sold 6,032,344 shares of company stock valued at $1,253,456,822 in the last three months. Corporate insiders own 10.80% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the company. Solitude Financial Services lifted its holdings in Amazon.com by 56.8% in the second quarter. Solitude Financial Services now owns 2,762 shares of the e-commerce giant’s stock valued at $534,000 after buying an additional 1,000 shares during the period. MBL Wealth LLC raised its position in shares of Amazon.com by 6.3% during the 2nd quarter. MBL Wealth LLC now owns 22,515 shares of the e-commerce giant’s stock valued at $4,351,000 after acquiring an additional 1,337 shares during the last quarter. Hedeker Wealth LLC lifted its stake in shares of Amazon.com by 0.7% in the 2nd quarter. Hedeker Wealth LLC now owns 71,230 shares of the e-commerce giant’s stock valued at $13,765,000 after purchasing an additional 489 shares during the period. Signet Investment Advisory Group Inc. boosted its position in shares of Amazon.com by 0.6% in the 2nd quarter. Signet Investment Advisory Group Inc. now owns 14,521 shares of the e-commerce giant’s stock worth $2,806,000 after purchasing an additional 85 shares during the last quarter. Finally, Marshall Financial Group LLC grew its stake in shares of Amazon.com by 1.8% during the second quarter. Marshall Financial Group LLC now owns 7,098 shares of the e-commerce giant’s stock worth $1,372,000 after purchasing an additional 125 shares during the period. 72.20% of the stock is currently owned by institutional investors.

About Amazon.com

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.