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

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

A number of other research analysts have also commented on AMZN. Telsey Advisory Group restated an outperform rating and issued a $200.00 target price on shares of Amazon.com in a research note on Wednesday, March 27th. Mizuho increased their price objective on Amazon.com from $220.00 to $230.00 and gave the stock a buy rating in a research note on Friday, February 2nd. TD Cowen increased their price objective on Amazon.com from $200.00 to $225.00 and gave the stock an outperform rating in a research note on Friday, February 2nd. Robert W. Baird increased their price objective on Amazon.com from $185.00 to $205.00 and gave the stock an outperform rating in a research note on Friday, February 2nd. Finally, Barclays increased 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. One analyst has rated the stock with a hold rating, forty-four have assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the company has an average rating of Buy and a consensus price target of $202.80.

Amazon.com Stock Performance

Shares of NASDAQ AMZN opened at $179.22 on Tuesday. The business has a fifty day simple moving average of $177.28 and a 200 day simple moving average of $156.52. The company has a current ratio of 1.05, a quick ratio of 0.84 and a debt-to-equity ratio of 0.29. The firm has a market capitalization of $1.86 trillion, a price-to-earnings ratio of 61.80, a PEG ratio of 1.60 and a beta of 1.16. Amazon.com has a one year low of $101.15 and a one year high of $189.77.

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

Insider Activity at Amazon.com

In related news, CEO Douglas J. Herrington sold 20,200 shares of the business’s stock in a transaction that occurred on Wednesday, February 7th. The stock was sold at an average price of $169.99, for a total value of $3,433,798.00. Following the completion of the transaction, the chief executive officer now directly owns 514,131 shares in the company, valued at approximately $87,397,128.69. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In related news, CEO Adam Selipsky sold 500 shares of the business’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 value of $77,860.00. Following the completion of the transaction, the chief executive officer now directly owns 116,560 shares in the company, valued at approximately $18,150,723.20. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Douglas J. Herrington sold 20,200 shares of the business’s stock in a transaction that occurred on Wednesday, February 7th. The shares were sold at an average price of $169.99, for a total value of $3,433,798.00. Following the completion of the transaction, the chief executive officer now owns 514,131 shares of the company’s stock, valued at $87,397,128.69. The disclosure for this sale can be found here. In the last three months, insiders sold 32,213,510 shares of company stock worth $5,505,798,456. 12.30% of the stock is owned by company insiders.

Hedge Funds Weigh In On Amazon.com

Several institutional investors and hedge funds have recently modified their holdings of the business. State Street Corp lifted its stake in Amazon.com by 1,869.1% in the 2nd quarter. State Street Corp now owns 326,727,487 shares of the e-commerce giant’s stock valued at $34,701,726,000 after acquiring an additional 310,134,486 shares in the last quarter. Price T Rowe Associates Inc. MD lifted its stake in Amazon.com by 1,838.8% in the 2nd quarter. Price T Rowe Associates Inc. MD now owns 311,971,394 shares of the e-commerce giant’s stock valued at $33,134,481,000 after acquiring an additional 295,880,050 shares in the last quarter. FMR LLC lifted its stake in Amazon.com by 1,792.4% in the 2nd quarter. FMR LLC now owns 286,047,356 shares of the e-commerce giant’s stock valued at $30,381,089,000 after acquiring an additional 270,931,640 shares in the last quarter. Norges Bank bought a new stake in Amazon.com in the 4th quarter valued at approximately $17,700,551,000. Finally, Moneta Group Investment Advisors LLC lifted its stake in Amazon.com by 120,235.9% in the 4th quarter. Moneta Group Investment Advisors LLC now owns 116,480,298 shares of the e-commerce giant’s stock valued at $9,784,345,000 after acquiring an additional 116,383,502 shares in the last quarter. 72.20% of the stock is currently owned by institutional investors and hedge funds.

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.