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

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

AMZN has been the subject of a number of other research reports. Telsey Advisory Group reaffirmed an outperform rating and set a $200.00 price target on shares of Amazon.com in a report on Wednesday, March 27th. Susquehanna upped their price target on shares of Amazon.com from $185.00 to $220.00 and gave the stock a positive rating in a report on Friday, February 2nd. Mizuho upped their price target on shares of Amazon.com from $220.00 to $230.00 and gave the stock a buy rating in a report on Friday, February 2nd. Benchmark upped their price target on shares of Amazon.com from $175.00 to $200.00 and gave the stock a buy rating in a report on Friday, February 2nd. Finally, Roth Mkm upped their price objective on shares of Amazon.com from $180.00 to $205.00 and gave the stock a buy rating in a research report on Friday, February 2nd. One analyst has rated the stock with a hold rating, forty-four have issued a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the company currently has an average rating of Buy and an average target price of $202.80.

Amazon.com Stock Performance

Shares of AMZN stock opened at $174.63 on Tuesday. The company has a market capitalization of $1.82 trillion, a price-to-earnings ratio of 60.22, a PEG ratio of 1.57 and a beta of 1.16. 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 50-day simple moving average of $177.28 and a 200 day simple moving average of $156.83. Amazon.com has a 52 week low of $101.15 and a 52 week high of $189.77.

Amazon.com (NASDAQ:AMZN) last posted its quarterly earnings data on Thursday, February 1st. The e-commerce giant reported $1.00 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.81 by $0.19. The firm had revenue of $169.96 billion during 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 business’s revenue for the quarter was up 13.9% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.21 EPS. On average, sell-side analysts predict that Amazon.com will post 4.1 earnings per share for the current year.

Insiders Place Their Bets

In other news, CEO Adam Selipsky sold 500 shares of the company’s stock in a transaction on Thursday, April 4th. The shares were sold at an average price of $184.00, for a total value of $92,000.00. Following the completion of the sale, the chief executive officer now owns 131,600 shares of the company’s stock, valued at approximately $24,214,400. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. In other Amazon.com news, CEO Douglas J. Herrington sold 3,500 shares of the company’s stock in a transaction 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 completion of the transaction, the chief executive officer now directly owns 512,858 shares in the company, valued at approximately $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 stock in a transaction dated Thursday, April 4th. The shares were sold at an average price of $184.00, for a total transaction of $92,000.00. Following the sale, the chief executive officer now directly owns 131,600 shares in the company, valued at $24,214,400. The disclosure for this sale can be found here. Insiders sold a total of 32,213,510 shares of company stock valued at $5,505,798,456 in the last quarter. Corporate insiders own 12.30% of the company’s stock.

Institutional Trading of Amazon.com

A number of institutional investors have recently made changes to their positions in the stock. Bridgefront Capital LLC bought a new position in shares of Amazon.com in the 1st quarter worth approximately $228,000. Krane Funds Advisors LLC lifted its stake in shares of Amazon.com by 239.1% in the 1st quarter. Krane Funds Advisors LLC now owns 78 shares of the e-commerce giant’s stock worth $254,000 after purchasing an additional 55 shares during the period. Range Financial Group LLC bought a new stake in Amazon.com during the 1st quarter worth approximately $258,000. My Personal CFO LLC bought a new stake in Amazon.com during the 1st quarter worth approximately $261,000. Finally, Worth Asset Management LLC bought a new stake in Amazon.com during the 1st quarter worth approximately $191,000. Hedge funds and other 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.