Amazon.com (NASDAQ:AMZN) Earns "Equal Weight" Rating from Wells Fargo & Company

Wells Fargo & Company restated their equal weight rating on shares of Amazon.com (NASDAQ:AMZN) in a report issued on Wednesday,Benzinga reports. Wells Fargo & Company currently has a $197.00 price target on the e-commerce giant's stock.

Other equities research analysts also recently issued reports about the company. Jefferies Financial Group lifted their price objective on Amazon.com from $225.00 to $235.00 and gave the stock a "buy" rating in a report on Friday, November 1st. Roth Mkm raised their price objective on Amazon.com from $210.00 to $215.00 and gave the stock a "buy" rating in a research report on Friday, August 2nd. Oppenheimer boosted their price target on Amazon.com from $220.00 to $230.00 and gave the company an "outperform" rating in a report on Friday, November 1st. Morgan Stanley increased their price target on Amazon.com from $210.00 to $230.00 and gave the stock an "overweight" rating in a research report on Monday, November 4th. Finally, Wedbush boosted their price target on shares of Amazon.com from $225.00 to $250.00 and gave the company an "outperform" rating in a research report on Friday, November 1st. Two investment analysts have rated the stock with a hold rating, forty have given a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $235.77.

Amazon.com Stock Down 0.8 %

Shares of NASDAQ:AMZN traded down $1.73 during trading on Wednesday, reaching $202.88. The stock had a trading volume of 32,708,404 shares, compared to its average volume of 41,522,305. The firm's 50-day simple moving average is $192.56 and its 200 day simple moving average is $186.18. The company has a market capitalization of $2.13 trillion, a P/E ratio of 43.44, a PEG ratio of 1.36 and a beta of 1.14. The company has a current ratio of 1.09, a quick ratio of 0.87 and a debt-to-equity ratio of 0.21. Amazon.com has a one year low of $141.50 and a one year high of $215.90.

Amazon.com (NASDAQ:AMZN - Get Free Report) last announced its quarterly earnings results on Thursday, October 31st. The e-commerce giant reported $1.43 earnings per share for the quarter, beating the consensus estimate of $1.14 by $0.29. The firm had revenue of $158.88 billion for the quarter, compared to analysts' expectations of $157.28 billion. Amazon.com had a net margin of 8.04% and a return on equity of 22.41%. The company's revenue was up 11.0% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.85 EPS. As a group, research analysts expect that Amazon.com will post 5.27 EPS for the current fiscal year.

Insider Activity

In related news, CEO Douglas J. Herrington sold 5,502 shares of the business's stock in a transaction that occurred on Friday, November 15th. The stock was sold at an average price of $205.81, for a total value of $1,132,366.62. Following the completion of the sale, the chief executive officer now directly owns 518,911 shares in the company, valued at approximately $106,797,072.91. The trade was a 1.05 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, SVP David Zapolsky sold 2,190 shares of the company's stock in a transaction that occurred on Tuesday, September 24th. The stock was sold at an average price of $195.00, for a total value of $427,050.00. Following the transaction, the senior vice president now owns 62,420 shares of the company's stock, valued at approximately $12,171,900. This trade represents a 3.39 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 6,011,423 shares of company stock valued at $1,249,093,896 in the last 90 days. 10.80% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Amazon.com

A number of hedge funds have recently modified their holdings of AMZN. Icon Wealth Advisors LLC lifted its position in shares of Amazon.com by 20.5% in the third quarter. Icon Wealth Advisors LLC now owns 150,661 shares of the e-commerce giant's stock valued at $28,000 after buying an additional 25,581 shares during the last quarter. PayPay Securities Corp raised its holdings in Amazon.com by 64.6% in the 2nd quarter. PayPay Securities Corp now owns 163 shares of the e-commerce giant's stock valued at $32,000 after acquiring an additional 64 shares in the last quarter. Hoese & Co LLP bought a new position in shares of Amazon.com in the 3rd quarter valued at $37,000. Bull Oak Capital LLC bought a new stake in Amazon.com during the 3rd quarter worth $45,000. Finally, Values First Advisors Inc. bought a new stake in shares of Amazon.com in the 3rd quarter valued at about $56,000. Institutional investors and hedge funds 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.