Amazon.com (NASDAQ:AMZN) Price Target Cut to $225.00 by Analysts at Wells Fargo & Company

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

A number of other research firms have also recently issued reports on AMZN. The Goldman Sachs Group lowered their target price on Amazon.com from $250.00 to $230.00 and set a buy rating for the company in a report on Friday, August 2nd. Sanford C. Bernstein increased their price objective on Amazon.com from $210.00 to $215.00 and gave the stock an outperform rating in a report on Monday, July 22nd. Citigroup lifted their target price on Amazon.com from $235.00 to $245.00 and gave the company a buy rating in a research report on Wednesday, May 1st. Royal Bank of Canada reaffirmed an outperform rating and set a $215.00 price target on shares of Amazon.com in a research report on Friday, August 2nd. Finally, Evercore ISI lifted their price objective on shares of Amazon.com from $220.00 to $225.00 and gave the company an outperform rating in a report on Wednesday, May 1st. One investment analyst has rated the stock with a hold rating, forty have issued a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat.com, the stock currently has an average rating of Buy and an average target price of $221.36.

Amazon.com Stock Down 0.9 %

Shares of NASDAQ:AMZN traded down $1.54 during trading on Monday, hitting $175.50. 22,306,437 shares of the company's stock traded hands, compared to its average volume of 42,892,293. 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 company has a 50-day moving average price of $183.61 and a 200-day moving average price of $181.09. Amazon.com has a 52 week low of $118.35 and a 52 week high of $201.20. The company has a market cap of $1.83 trillion, a price-to-earnings ratio of 49.16, a price-to-earnings-growth ratio of 1.32 and a beta of 1.15.

Amazon.com (NASDAQ:AMZN - Get Free Report) last announced its quarterly earnings results on Thursday, August 1st. The e-commerce giant reported $1.23 earnings per share for the quarter, beating analysts' consensus estimates of $1.05 by $0.18. The firm had revenue of $147.98 billion for the quarter, compared to analyst estimates of $148.63 billion. Amazon.com had a net margin of 7.35% and a return on equity of 22.35%. As a group, research analysts forecast that Amazon.com will post 4.73 EPS for the current fiscal year.

Insider Buying and Selling at Amazon.com

In related news, CEO Douglas J. Herrington sold 3,500 shares of the company's stock in a transaction dated Monday, June 3rd. The shares were sold at an average price of $177.29, for a total value of $620,515.00. Following the transaction, the chief executive officer now directly owns 523,253 shares in the company, valued at $92,767,524.37. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. In other news, insider Jeffrey P. Bezos sold 1,228,993 shares of the company's stock in a transaction on Monday, July 8th. The stock was sold at an average price of $200.36, for a total transaction of $246,241,037.48. Following the completion of the sale, the insider now directly owns 930,696,284 shares in the company, valued at approximately $186,474,307,462.24. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, CEO Douglas J. Herrington sold 3,500 shares of the firm's stock in a transaction 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 completion of the transaction, the chief executive officer now owns 523,253 shares in the company, valued at approximately $92,767,524.37. The disclosure for this sale can be found here. Insiders have sold a total of 6,107,817 shares of company stock valued at $1,221,241,837 in the last ninety days. 10.80% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Amazon.com

Several hedge funds have recently bought and sold shares of AMZN. International Assets Investment Management LLC grew its position in Amazon.com by 6.2% in the fourth quarter. International Assets Investment Management LLC now owns 157,070 shares of the e-commerce giant's stock valued at $23,865,000 after acquiring an additional 9,108 shares during the last quarter. Cherry Creek Investment Advisors Inc. grew its holdings in shares of Amazon.com by 1.0% during the 4th quarter. Cherry Creek Investment Advisors Inc. now owns 62,278 shares of the e-commerce giant's stock valued at $9,463,000 after purchasing an additional 616 shares during the last quarter. Gruss & Co. LLC increased its position in Amazon.com by 114.3% during the 4th quarter. Gruss & Co. LLC now owns 4,500 shares of the e-commerce giant's stock worth $684,000 after purchasing an additional 2,400 shares in the last quarter. Blossom Wealth Management lifted its stake in Amazon.com by 30.2% in the 4th quarter. Blossom Wealth Management now owns 4,913 shares of the e-commerce giant's stock valued at $746,000 after purchasing an additional 1,140 shares during the last quarter. Finally, Hendershot Investments Inc. boosted its position in Amazon.com by 6.4% in the fourth quarter. Hendershot Investments Inc. now owns 2,785 shares of the e-commerce giant's stock valued at $423,000 after buying an additional 167 shares in the last quarter. 72.20% of the stock is owned by institutional investors.

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.