Amazon.com (NASDAQ:AMZN) Given New $4,000.00 Price Target at UBS Group

Amazon.com (NASDAQ:AMZN) had its price target upped by UBS Group from $3,000.00 to $4,000.00 in a research report released on Friday, The Fly reports. They currently have a buy rating on the e-commerce giant’s stock.

AMZN has been the subject of a number of other reports. Needham & Company LLC reissued a buy rating and set a $3,700.00 price target (up from $3,200.00) on shares of Amazon.com in a research note on Friday. Susquehanna Bancshares reissued a positive rating and set a $3,000.00 target price (up from $2,500.00) on shares of Amazon.com in a research note on Friday, May 1st. Monness Crespi & Hardt raised shares of Amazon.com to a buy rating in a research note on Tuesday, July 7th. Barclays lifted their price objective on shares of Amazon.com from $3,430.00 to $3,530.00 and gave the company an overweight rating in a report on Friday. Finally, Guggenheim upped their target price on shares of Amazon.com from $2,250.00 to $2,700.00 and gave the stock a buy rating in a research note on Friday, May 1st. One research analyst has rated the stock with a sell rating, six have assigned a hold rating, forty-five have given a buy rating and one has given a strong buy rating to the company. The company presently has a consensus rating of Buy and an average price target of $3,240.51.

Shares of AMZN traded up $112.80 during midday trading on Friday, hitting $3,164.68. The stock had a trading volume of 8,083,369 shares, compared to its average volume of 5,323,443. The stock’s 50 day moving average is $2,884.55 and its 200 day moving average is $2,314.52. The firm has a market cap of $1,578.48 billion, a PE ratio of 121.67, a price-to-earnings-growth ratio of 5.62 and a beta of 1.32. The company has a debt-to-equity ratio of 0.36, a current ratio of 1.08 and a quick ratio of 0.84. Amazon.com has a 1 year low of $1,626.03 and a 1 year high of $3,344.29.

Amazon.com (NASDAQ:AMZN) last issued its quarterly earnings results on Thursday, July 30th. The e-commerce giant reported $10.30 EPS for the quarter, beating the consensus estimate of $1.74 by $8.56. The company had revenue of $88.91 billion for the quarter, compared to the consensus estimate of $81.56 billion. Amazon.com had a net margin of 4.10% and a return on equity of 21.51%. As a group, equities research analysts expect that Amazon.com will post 20.12 earnings per share for the current fiscal year.

In related news, CEO Andrew R. Jassy sold 6,945 shares of the company’s stock in a transaction that occurred on Monday, May 4th. The stock was sold at an average price of $2,256.50, for a total value of $15,671,392.50. Following the sale, the chief executive officer now owns 93,105 shares in the company, valued at $210,091,432.50. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Indra K. Nooyi purchased 27 shares of the business’s stock in a transaction that occurred on Wednesday, July 1st. The stock was acquired at an average price of $2,806.80 per share, for a total transaction of $75,783.60. Following the acquisition, the director now owns 707 shares in the company, valued at approximately $1,984,407.60. The disclosure for this purchase can be found here. 16.10% of the stock is owned by insiders.

Large investors have recently added to or reduced their stakes in the company. Sunbelt Securities Inc. boosted its holdings in Amazon.com by 23.9% in the fourth quarter. Sunbelt Securities Inc. now owns 7,401 shares of the e-commerce giant’s stock valued at $13,500,000 after purchasing an additional 1,430 shares during the last quarter. IMS Capital Management lifted its holdings in shares of Amazon.com by 49.0% in the 1st quarter. IMS Capital Management now owns 1,550 shares of the e-commerce giant’s stock valued at $3,022,000 after buying an additional 510 shares during the period. Woodstock Corp boosted its stake in shares of Amazon.com by 10.6% in the first quarter. Woodstock Corp now owns 178 shares of the e-commerce giant’s stock worth $347,000 after buying an additional 17 shares during the last quarter. Fulton Bank N.A. boosted its stake in shares of Amazon.com by 10.7% in the first quarter. Fulton Bank N.A. now owns 6,531 shares of the e-commerce giant’s stock worth $12,733,000 after buying an additional 629 shares during the last quarter. Finally, Wiley BROS. Aintree Capital LLC grew its holdings in Amazon.com by 5.6% during the first quarter. Wiley BROS. Aintree Capital LLC now owns 563 shares of the e-commerce giant’s stock worth $1,098,000 after acquiring an additional 30 shares during the period. Hedge funds and other institutional investors own 64.54% of the company’s stock.

About Amazon.com

Amazon.com, Inc engages in the retail sale of consumer products and subscriptions in North America and internationally. The company operates through three segments: North America, International, and Amazon Web Services (AWS) segments. It sells merchandise and content purchased for resale from third-party sellers through physical stores and online stores.

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