UBS Group Issues Positive Forecast for Amazon.com (NASDAQ:AMZN) Stock Price

Amazon.com (NASDAQ:AMZN) had its price objective upped by equities research analysts at UBS Group from $230.00 to $264.00 in a report released on Monday,Briefing.com Automated Import reports. The firm currently has a “buy” rating on the e-commerce giant’s stock. UBS Group’s price target would suggest a potential upside of 14.81% from the stock’s current price.

Several other brokerages have also recently issued reports on AMZN. Deutsche Bank Aktiengesellschaft lifted their target price on Amazon.com from $225.00 to $232.00 and gave the company a “buy” rating in a research report on Friday, November 1st. Wells Fargo & Company restated an “equal weight” rating and issued a $197.00 price objective on shares of Amazon.com in a report on Wednesday, November 20th. Redburn Atlantic increased their target price on Amazon.com from $225.00 to $235.00 and gave the company a “buy” rating in a report on Tuesday, November 26th. Bank of America boosted their price objective on Amazon.com from $210.00 to $230.00 and gave the company a “buy” rating in a research report on Friday, November 1st. Finally, JMP Securities reaffirmed a “market outperform” rating and issued a $285.00 price target on shares of Amazon.com in a research note on Monday. Two investment 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 stock. According to data from MarketBeat, Amazon.com currently has a consensus rating of “Moderate Buy” and an average target price of $240.67.

Amazon.com Price Performance

NASDAQ:AMZN traded up $2.48 during mid-day trading on Monday, reaching $229.94. 9,327,141 shares of the stock were exchanged, compared to its average volume of 41,127,551. 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 firm has a market capitalization of $2.42 trillion, a PE ratio of 49.16, a PEG ratio of 1.54 and a beta of 1.16. Amazon.com has a 1-year low of $144.05 and a 1-year high of $232.08. The business has a fifty day moving average price of $201.65 and a 200 day moving average price of $189.78.

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

Insider Activity

In other news, CEO Matthew S. Garman sold 15,260 shares of the firm’s stock in a transaction that occurred on Thursday, November 21st. The stock was sold at an average price of $200.19, for a total value of $3,054,899.40. Following the completion of the sale, the chief executive officer now directly owns 349,261 shares of the company’s stock, valued at $69,918,559.59. This trade represents a 4.19 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Daniel P. Huttenlocher sold 1,237 shares of the stock in a transaction on Tuesday, November 19th. The shares were sold at an average price of $199.06, for a total transaction of $246,237.22. Following the completion of the sale, the director now directly owns 24,912 shares in the company, valued at approximately $4,958,982.72. This represents a 4.73 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 6,034,534 shares of company stock valued at $1,253,883,872 in the last 90 days. Company insiders own 10.80% of the company’s stock.

Institutional Trading of Amazon.com

Several institutional investors and hedge funds have recently modified their holdings of AMZN. SMART Wealth LLC increased its holdings in Amazon.com by 41.1% in the 3rd quarter. SMART Wealth LLC now owns 7,317 shares of the e-commerce giant’s stock worth $1,363,000 after buying an additional 2,132 shares during the period. Legacy Wealth Management LLC MS raised its position in Amazon.com by 75.7% during the third quarter. Legacy Wealth Management LLC MS now owns 12,922 shares of the e-commerce giant’s stock worth $2,408,000 after acquiring an additional 5,567 shares during the period. Alternative Investment Advisors LLC. lifted its holdings in Amazon.com by 2.2% in the 3rd quarter. Alternative Investment Advisors LLC. now owns 10,164 shares of the e-commerce giant’s stock valued at $1,894,000 after purchasing an additional 215 shares in the last quarter. DGS Capital Management LLC raised its holdings in Amazon.com by 4.3% in the 3rd quarter. DGS Capital Management LLC now owns 25,410 shares of the e-commerce giant’s stock valued at $4,735,000 after acquiring an additional 1,039 shares during the last quarter. Finally, Copley Financial Group Inc. acquired a new position in shares of Amazon.com during the 3rd quarter worth approximately $705,000. Institutional investors own 72.20% of the company’s stock.

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.