Wells Fargo & Company Lowers Amazon.com (NASDAQ:AMZN) Price Target to $225.00

Amazon.com (NASDAQ:AMZN) had its price target reduced by Wells Fargo & Company from $232.00 to $225.00 in a research note published on Monday, Benzinga reports. They currently have an overweight rating on the e-commerce giant’s stock.

AMZN has been the subject of several other reports. Citigroup lifted their price objective on Amazon.com from $235.00 to $245.00 and gave the stock a buy rating in a research report on Wednesday, May 1st. Argus lifted their target price on Amazon.com from $185.00 to $205.00 and gave the stock a buy rating in a report on Thursday, May 2nd. Raymond James boosted their price target on Amazon.com from $200.00 to $205.00 and gave the company a strong-buy rating in a research note on Wednesday, May 1st. Needham & Company LLC raised their price objective on shares of Amazon.com from $205.00 to $210.00 and gave the stock a buy rating in a research report on Wednesday, July 17th. Finally, Bank of America lowered their price objective on shares of Amazon.com from $220.00 to $210.00 and set a buy rating for the company in a research note on Friday, August 2nd. One research analyst has rated the stock with a hold rating, forty have given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of Buy and an average price target of $221.36.

Amazon.com Stock Performance

NASDAQ:AMZN opened at $172.12 on Monday. The company has a debt-to-equity ratio of 0.27, a quick ratio of 0.87 and a current ratio of 1.07. Amazon.com has a fifty-two week low of $118.35 and a fifty-two week high of $201.20. The company has a 50 day simple moving average of $183.17 and a two-hundred day simple moving average of $181.01. The company has a market capitalization of $1.79 trillion, a PE ratio of 48.21, a P/E/G ratio of 1.32 and a beta of 1.15.

Amazon.com (NASDAQ:AMZN) last posted its quarterly earnings data on Thursday, August 1st. The e-commerce giant reported $1.23 EPS for the quarter, beating analysts’ consensus estimates of $1.05 by $0.18. Amazon.com had a net margin of 7.35% and a return on equity of 22.35%. The company had revenue of $147.98 billion for the quarter, compared to analyst estimates of $148.63 billion. Research analysts anticipate that Amazon.com will post 4.73 earnings per share for the current year.

Insider Buying and Selling

In other Amazon.com news, CEO Andrew R. Jassy sold 20,784 shares of the company’s stock in a transaction on Wednesday, August 21st. The stock was sold at an average price of $180.77, for a total value of $3,757,123.68. Following the completion of the transaction, the chief executive officer now owns 2,056,534 shares in the company, valued at approximately $371,759,651.18. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, CEO Andrew R. Jassy sold 20,784 shares of the business’s stock in a transaction dated Wednesday, August 21st. The shares were sold at an average price of $180.77, for a total value of $3,757,123.68. Following the transaction, the chief executive officer now directly owns 2,056,534 shares of the company’s stock, valued at approximately $371,759,651.18. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, insider Jeffrey P. Bezos sold 1,228,993 shares of the stock in a transaction dated Monday, July 8th. The shares were sold at an average price of $200.36, for a total transaction of $246,241,037.48. Following the transaction, the insider now owns 930,696,284 shares of the company’s stock, valued at approximately $186,474,307,462.24. The disclosure for this sale can be found here. Over the last three months, insiders have sold 6,107,817 shares of company stock worth $1,221,241,837. 10.80% of the stock is owned by company insiders.

Institutional Investors Weigh In On Amazon.com

Hedge funds have recently modified their holdings of the stock. Norges Bank bought a new stake in shares of Amazon.com in the fourth quarter valued at $17,700,551,000. Vanguard Group Inc. raised its stake in Amazon.com by 1.9% in the 1st quarter. Vanguard Group Inc. now owns 785,811,114 shares of the e-commerce giant’s stock valued at $141,744,609,000 after acquiring an additional 14,724,687 shares during the period. Swedbank AB bought a new stake in Amazon.com in the 1st quarter valued at about $2,239,757,000. Capital World Investors lifted its holdings in Amazon.com by 64.6% during the first quarter. Capital World Investors now owns 29,359,677 shares of the e-commerce giant’s stock valued at $5,295,899,000 after purchasing an additional 11,524,463 shares during the last quarter. Finally, Capital Research Global Investors boosted its position in Amazon.com by 8.5% during the first quarter. Capital Research Global Investors now owns 86,982,857 shares of the e-commerce giant’s stock worth $15,689,968,000 after purchasing an additional 6,810,145 shares during the period. 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.