Sanford C. Bernstein Raises Amazon.com (NASDAQ:AMZN) Price Target to $215.00

Amazon.com (NASDAQ:AMZN) had its target price upped by Sanford C. Bernstein from $210.00 to $215.00 in a research note released on Monday morning, Benzinga reports. Sanford C. Bernstein currently has an outperform rating on the e-commerce giant’s stock.

Several other equities research analysts also recently commented on the company. Roth Mkm restated a buy rating and set a $210.00 price objective on shares of Amazon.com in a report on Tuesday, July 9th. Tigress Financial boosted their price target on shares of Amazon.com from $210.00 to $245.00 and gave the company a buy rating in a research note on Thursday, May 30th. Morgan Stanley raised their price objective on shares of Amazon.com from $215.00 to $220.00 and gave the company an overweight rating in a research note on Wednesday, May 1st. Barclays reduced their price objective on shares of Amazon.com from $230.00 to $220.00 and set an overweight rating for the company in a report on Tuesday, July 16th. Finally, Jefferies Financial Group upped their target price on shares of Amazon.com from $225.00 to $235.00 in a report on Tuesday, July 9th. One analyst has rated the stock with a hold rating, forty-two have issued a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of Buy and a consensus target price of $219.82.

Amazon.com Trading Down 3.0 %

NASDAQ AMZN opened at $180.83 on Monday. The business’s 50-day moving average price is $187.39 and its two-hundred day moving average price is $178.37. The company has a current ratio of 1.07, a quick ratio of 0.87 and a debt-to-equity ratio of 0.27. The firm has a market capitalization of $1.88 trillion, a PE ratio of 50.65, a price-to-earnings-growth ratio of 1.31 and a beta of 1.15. Amazon.com has a 12 month low of $118.35 and a 12 month high of $201.20.

Amazon.com (NASDAQ:AMZN) last announced its quarterly earnings data on Tuesday, April 30th. The e-commerce giant reported $0.98 EPS for the quarter, topping the consensus estimate of $0.83 by $0.15. The company had revenue of $143.31 billion during the quarter, compared to the consensus estimate of $142.65 billion. Amazon.com had a net margin of 6.38% and a return on equity of 19.86%. The company’s quarterly revenue was up 12.5% on a year-over-year basis. During the same quarter last year, the firm posted $0.31 EPS. On average, analysts expect that Amazon.com will post 4.72 EPS for the current year.

Insiders Place Their Bets

In other Amazon.com news, VP Shelley Reynolds sold 2,700 shares of Amazon.com stock in a transaction dated Tuesday, May 21st. The stock was sold at an average price of $181.39, for a total value of $489,753.00. Following the transaction, the vice president now owns 119,780 shares in the company, valued at $21,726,894.20. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In other Amazon.com news, VP Shelley Reynolds sold 2,700 shares of the company’s stock in a transaction dated Tuesday, May 21st. The shares were sold at an average price of $181.39, for a total value of $489,753.00. Following the completion of the transaction, the vice president now owns 119,780 shares in the company, valued at $21,726,894.20. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CEO Douglas J. Herrington sold 3,500 shares of the business’s stock in a transaction that occurred on Monday, June 3rd. The stock was sold at an average price of $177.29, for a total value of $620,515.00. Following the sale, the chief executive officer now owns 523,253 shares of the company’s stock, valued at $92,767,524.37. The disclosure for this sale can be found here. Insiders have sold 6,112,990 shares of company stock worth $1,222,250,048 in the last ninety days. 10.80% of the stock is owned by company insiders.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in the company. Divergent Planning LLC lifted its position in shares of Amazon.com by 27.9% in the fourth quarter. Divergent Planning LLC now owns 2,292 shares of the e-commerce giant’s stock valued at $344,000 after acquiring an additional 500 shares in the last quarter. GSG Advisors LLC grew its position in shares of Amazon.com by 2.4% in the fourth quarter. GSG Advisors LLC now owns 34,689 shares of the e-commerce giant’s stock valued at $5,150,000 after purchasing an additional 812 shares during the period. Community Bank of Raymore increased its stake in Amazon.com by 461.0% in the fourth quarter. Community Bank of Raymore now owns 10,546 shares of the e-commerce giant’s stock valued at $1,602,000 after purchasing an additional 8,666 shares during the last quarter. Pasadena Private Wealth LLC boosted its stake in Amazon.com by 4.0% in the 4th quarter. Pasadena Private Wealth LLC now owns 8,632 shares of the e-commerce giant’s stock worth $1,312,000 after buying an additional 333 shares during the last quarter. Finally, McNaughton Wealth Management LLC grew its holdings in Amazon.com by 12.6% in the 4th quarter. McNaughton Wealth Management LLC now owns 6,738 shares of the e-commerce giant’s stock valued at $1,024,000 after buying an additional 756 shares during the period. Hedge funds and other institutional investors 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.