Amazon.com (NASDAQ:AMZN) Given New $235.00 Price Target at Sanford C. Bernstein

Amazon.com (NASDAQ:AMZN) had its target price boosted by analysts at Sanford C. Bernstein from $225.00 to $235.00 in a research note issued on Friday, Benzinga reports. The firm presently has an “outperform” rating on the e-commerce giant’s stock. Sanford C. Bernstein’s target price points to a potential upside of 18.73% from the company’s current price.

Several other research analysts have also recently issued reports on AMZN. BMO Capital Markets restated an “outperform” rating and issued a $236.00 target price (up previously from $230.00) on shares of Amazon.com in a report on Friday. Wedbush reaffirmed an “outperform” rating and issued a $225.00 target price on shares of Amazon.com in a research report on Friday, August 2nd. Wolfe Research began coverage on Amazon.com in a research report on Tuesday, July 16th. They set an “outperform” rating and a $250.00 price objective for the company. Deutsche Bank Aktiengesellschaft raised their price target on Amazon.com from $225.00 to $232.00 and gave the company a “buy” rating in a report on Friday. Finally, Wells Fargo & Company downgraded shares of Amazon.com from an “overweight” rating to an “equal weight” rating and cut their price objective for the company from $225.00 to $183.00 in a research report on Monday, October 7th. Two equities research analysts have rated the stock with a hold rating, forty have assigned a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, Amazon.com currently has an average rating of “Moderate Buy” and an average target price of $246.02.

Amazon.com Price Performance

AMZN stock opened at $197.93 on Friday. The stock has a market cap of $2.08 trillion, a PE ratio of 42.38, a P/E/G ratio of 1.46 and a beta of 1.14. The company has a debt-to-equity ratio of 0.23, a current ratio of 1.10 and a quick ratio of 0.88. Amazon.com has a one year low of $136.47 and a one year high of $201.20. The firm has a 50 day simple moving average of $184.82 and a two-hundred day simple moving average of $183.76.

Amazon.com (NASDAQ:AMZN) last issued its quarterly earnings results on Thursday, October 31st. The e-commerce giant reported $1.43 EPS for the quarter, beating analysts’ consensus estimates of $1.14 by $0.29. The business had revenue of $158.88 billion for the quarter, compared to analysts’ expectations of $157.28 billion. Amazon.com had a net margin of 7.35% and a return on equity of 21.39%. The business’s quarterly revenue was up 11.0% on a year-over-year basis. During the same period last year, the business earned $0.85 earnings per share. On average, analysts predict that Amazon.com will post 4.84 EPS for the current fiscal year.

Insider Activity

In other Amazon.com news, CEO Andrew R. Jassy sold 20,784 shares of Amazon.com stock in a transaction that occurred 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 sale, the chief executive officer now owns 2,056,534 shares of the company’s stock, valued at $371,759,651.18. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. In related news, CFO Brian T. Olsavsky sold 14,600 shares of the stock in a transaction dated Wednesday, August 21st. The shares were sold at an average price of $180.00, for a total value of $2,628,000.00. Following the completion of the transaction, the chief financial officer now owns 49,000 shares of the company’s stock, valued at approximately $8,820,000. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Andrew R. Jassy sold 20,784 shares of Amazon.com stock in a transaction dated 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 of the company’s stock, valued at approximately $371,759,651.18. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 50,855 shares of company stock worth $9,215,048 over the last 90 days. Corporate insiders own 10.80% of the company’s stock.

Institutional Investors Weigh In On Amazon.com

Several institutional investors have recently modified their holdings of the stock. Garrison Point Advisors LLC boosted its stake in Amazon.com by 0.3% during the first quarter. Garrison Point Advisors LLC now owns 20,375 shares of the e-commerce giant’s stock worth $3,675,000 after buying an additional 55 shares during the period. Meridian Investment Counsel Inc. boosted its stake in shares of Amazon.com by 1.8% during the 2nd quarter. Meridian Investment Counsel Inc. now owns 3,076 shares of the e-commerce giant’s stock worth $594,000 after purchasing an additional 55 shares during the period. O Connor Financial Group LLC grew its holdings in Amazon.com by 2.2% during the 3rd quarter. O Connor Financial Group LLC now owns 2,536 shares of the e-commerce giant’s stock valued at $473,000 after purchasing an additional 55 shares during the last quarter. Cherrydale Wealth Management LLC raised its position in Amazon.com by 0.7% in the 3rd quarter. Cherrydale Wealth Management LLC now owns 7,492 shares of the e-commerce giant’s stock worth $1,396,000 after purchasing an additional 55 shares during the period. Finally, Ridgecrest Wealth Partners LLC raised its position in Amazon.com by 0.7% in the 1st quarter. Ridgecrest Wealth Partners LLC now owns 7,755 shares of the e-commerce giant’s stock worth $1,399,000 after purchasing an additional 56 shares during the period. 72.20% of the stock is owned by institutional investors.

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.