Amazon.com (NASDAQ:AMZN) PT Raised to $224.00 at Stifel Nicolaus

Amazon.com (NASDAQ:AMZN) had its target price upped by Stifel Nicolaus from $200.00 to $224.00 in a research report sent to investors on Tuesday morning, Benzinga reports. The firm currently has a buy rating on the e-commerce giant’s stock.

Other equities analysts also recently issued reports about the stock. Canaccord Genuity Group boosted their price target on shares of Amazon.com from $185.00 to $200.00 and gave the stock a buy rating in a report on Friday, February 2nd. Bank of America boosted their price target on shares of Amazon.com from $185.00 to $204.00 and gave the stock a buy rating in a report on Friday, February 2nd. Barclays upped their price objective on shares of Amazon.com from $190.00 to $220.00 and gave the company an overweight rating in a report on Friday, February 2nd. Morgan Stanley upped their price objective on shares of Amazon.com from $185.00 to $200.00 and gave the company an overweight rating in a report on Friday, February 2nd. Finally, Susquehanna upped their price objective on shares of Amazon.com from $185.00 to $220.00 and gave the company a positive rating in a report on Friday, February 2nd. One research analyst has rated the stock with a hold rating, forty-four have assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, Amazon.com presently has an average rating of Buy and a consensus target price of $202.80.

Amazon.com Price Performance

Shares of NASDAQ:AMZN opened at $179.22 on Tuesday. The company’s 50-day moving average is $177.28 and its 200 day moving average is $156.52. The company has a debt-to-equity ratio of 0.29, a quick ratio of 0.84 and a current ratio of 1.05. The company has a market capitalization of $1.86 trillion, a P/E ratio of 61.80, a price-to-earnings-growth ratio of 1.60 and a beta of 1.16. Amazon.com has a fifty-two week low of $101.15 and a fifty-two week high of $189.77.

Amazon.com (NASDAQ:AMZN) last issued its quarterly earnings results on Thursday, February 1st. The e-commerce giant reported $1.00 earnings per share for the quarter, topping analysts’ consensus estimates of $0.81 by $0.19. The company had revenue of $169.96 billion for the quarter, compared to the consensus estimate of $165.96 billion. Amazon.com had a net margin of 5.29% and a return on equity of 16.61%. The firm’s quarterly revenue was up 13.9% on a year-over-year basis. During the same period in the previous year, the firm earned $0.21 EPS. On average, equities research analysts forecast that Amazon.com will post 4.08 earnings per share for the current year.

Insider Buying and Selling at Amazon.com

In other Amazon.com news, CEO Adam Selipsky sold 500 shares of the stock in a transaction that occurred on Thursday, February 1st. The shares were sold at an average price of $155.72, for a total transaction of $77,860.00. Following the transaction, the chief executive officer now directly owns 116,560 shares in the company, valued at $18,150,723.20. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other news, CEO Douglas J. Herrington sold 3,500 shares of the firm’s stock in a transaction that occurred on Monday, April 1st. The shares were sold at an average price of $180.73, for a total value of $632,555.00. Following the transaction, the chief executive officer now owns 512,858 shares in the company, valued at $92,688,826.34. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Adam Selipsky sold 500 shares of the firm’s stock in a transaction that occurred on Thursday, February 1st. The stock was sold at an average price of $155.72, for a total transaction of $77,860.00. Following the completion of the transaction, the chief executive officer now owns 116,560 shares in the company, valued at approximately $18,150,723.20. The disclosure for this sale can be found here. Insiders have sold 32,213,510 shares of company stock worth $5,505,798,456 over the last ninety days. Insiders own 12.30% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the company. Bridgefront Capital LLC bought a new position in shares of Amazon.com in the first quarter worth approximately $228,000. Krane Funds Advisors LLC lifted its stake in Amazon.com by 239.1% in the first quarter. Krane Funds Advisors LLC now owns 78 shares of the e-commerce giant’s stock worth $254,000 after acquiring an additional 55 shares during the period. Range Financial Group LLC purchased a new stake in Amazon.com in the first quarter worth $258,000. My Personal CFO LLC purchased a new stake in Amazon.com in the first quarter worth $261,000. Finally, Worth Asset Management LLC purchased a new stake in Amazon.com in the first quarter worth $191,000. 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.