Stifel Nicolaus Increases Amazon.com (NASDAQ:AMZN) Price Target to $224.00

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

Several other equities research analysts have also recently weighed in on AMZN. The Goldman Sachs Group upped their price target on shares of Amazon.com from $200.00 to $220.00 and gave the stock a buy rating in a research report on Friday, February 2nd. Bank of America increased their target price on Amazon.com from $185.00 to $204.00 and gave the company a buy rating in a research report on Friday, February 2nd. Royal Bank of Canada boosted their price target on Amazon.com from $180.00 to $215.00 and gave the stock an outperform rating in a research report on Friday, February 2nd. Barclays upped their price objective on Amazon.com from $190.00 to $220.00 and gave the stock an overweight rating in a research note on Friday, February 2nd. Finally, Wedbush reiterated an outperform rating and issued a $220.00 target price on shares of Amazon.com in a research note on Wednesday, April 10th. One equities research analyst has rated the stock with a hold rating, forty-three have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat, the company has an average rating of Buy and a consensus target price of $201.98.

Amazon.com Trading Down 0.2 %

Shares of NASDAQ AMZN opened at $183.32 on Tuesday. Amazon.com has a twelve month low of $101.15 and a twelve month high of $189.77. The company has a quick ratio of 0.84, a current ratio of 1.05 and a debt-to-equity ratio of 0.29. The business has a fifty day simple moving average of $176.88 and a two-hundred day simple moving average of $156.19. The firm has a market cap of $1.91 trillion, a PE ratio of 63.21, a price-to-earnings-growth ratio of 1.62 and a beta of 1.17.

Amazon.com (NASDAQ:AMZN) last released its quarterly earnings data on Thursday, February 1st. The e-commerce giant reported $1.00 earnings per share for the quarter, beating the consensus estimate of $0.81 by $0.19. Amazon.com had a return on equity of 16.61% and a net margin of 5.29%. The firm had revenue of $169.96 billion during the quarter, compared to the consensus estimate of $165.96 billion. During the same period in the previous year, the company posted $0.21 earnings per share. The firm’s quarterly revenue was up 13.9% on a year-over-year basis. Analysts expect that Amazon.com will post 4.08 earnings per share for the current fiscal year.

Insider Activity at Amazon.com

In other Amazon.com news, CEO Adam Selipsky sold 500 shares of Amazon.com stock in a transaction dated Thursday, April 4th. The stock was sold at an average price of $184.00, for a total transaction of $92,000.00. Following the completion of the transaction, the chief executive officer now owns 131,600 shares in the company, valued at approximately $24,214,400. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 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 transaction of $632,555.00. Following the sale, the chief executive officer now owns 512,858 shares of the company’s stock, valued at approximately $92,688,826.34. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Adam Selipsky sold 500 shares of Amazon.com stock in a transaction that occurred on Thursday, April 4th. The shares were sold at an average price of $184.00, for a total transaction of $92,000.00. Following the transaction, the chief executive officer now directly owns 131,600 shares of the company’s stock, valued at $24,214,400. The disclosure for this sale can be found here. Insiders sold 32,214,010 shares of company stock worth $5,505,874,846 over the last three months. Company insiders own 12.70% of the company’s stock.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of AMZN. Register Financial Advisors LLC raised its stake in Amazon.com by 14.3% in the 3rd quarter. Register Financial Advisors LLC now owns 5,263 shares of the e-commerce giant’s stock valued at $669,000 after purchasing an additional 657 shares during the last quarter. Wedge Capital Management L L P NC lifted its stake in shares of Amazon.com by 1.0% in the third quarter. Wedge Capital Management L L P NC now owns 14,613 shares of the e-commerce giant’s stock worth $1,858,000 after buying an additional 148 shares in the last quarter. Cherrydale Wealth Management LLC boosted its position in Amazon.com by 14.7% during the fourth quarter. Cherrydale Wealth Management LLC now owns 5,260 shares of the e-commerce giant’s stock worth $799,000 after acquiring an additional 675 shares during the last quarter. Tompkins Financial Corp raised its holdings in Amazon.com by 3.3% in the 4th quarter. Tompkins Financial Corp now owns 71,576 shares of the e-commerce giant’s stock valued at $10,875,000 after acquiring an additional 2,273 shares during the last quarter. Finally, Nicholas Company Inc. lifted its stake in Amazon.com by 3.9% in the 3rd quarter. Nicholas Company Inc. now owns 705,065 shares of the e-commerce giant’s stock worth $89,628,000 after purchasing an additional 26,465 shares in the last quarter. 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.