Amazon.com’s (AMZN) Buy Rating Reiterated at Stifel Nicolaus

Stifel Nicolaus restated their buy rating on shares of Amazon.com (NASDAQ:AMZN) in a report issued on Wednesday morning, Stock Target Advisor reports. They currently have a $2,150.00 target price on the e-commerce giant’s stock.

Several other research analysts have also weighed in on AMZN. MKM Partners restated a buy rating and set a $2,250.00 price objective on shares of Amazon.com in a research note on Wednesday, December 4th. SunTrust Banks restated a buy rating and set a $2,350.00 price objective on shares of Amazon.com in a research note on Friday, November 29th. JPMorgan Chase & Co. restated a buy rating and set a $2,200.00 price objective on shares of Amazon.com in a research note on Tuesday, January 14th. Benchmark lowered their price objective on shares of Amazon.com from $2,300.00 to $2,100.00 and set a buy rating on the stock in a research note on Friday, October 25th. Finally, UBS Group boosted their price objective on shares of Amazon.com from $2,100.00 to $2,305.00 and gave the stock a buy rating in a research note on Friday, January 17th. One research analyst has rated the stock with a sell rating, four have issued a hold rating and forty-four have issued a buy rating to the stock. The stock has an average rating of Buy and an average price target of $2,177.07.

NASDAQ:AMZN traded down $22.94 on Wednesday, hitting $1,861.64. 3,751,580 shares of the company’s stock were exchanged, compared to its average volume of 3,155,493. The firm has a 50-day moving average price of $1,833.65 and a 200-day moving average price of $1,815.85. The company has a debt-to-equity ratio of 0.40, a current ratio of 1.10 and a quick ratio of 0.84. Amazon.com has a 52 week low of $1,566.76 and a 52 week high of $2,035.80. The company has a market cap of $934.37 billion, a P/E ratio of 82.45, a price-to-earnings-growth ratio of 2.62 and a beta of 1.50.

Amazon.com (NASDAQ:AMZN) last issued its quarterly earnings results on Thursday, October 24th. The e-commerce giant reported $4.23 EPS for the quarter, missing the consensus estimate of $4.46 by ($0.23). The business had revenue of $69.98 billion for the quarter, compared to the consensus estimate of $68.72 billion. Amazon.com had a return on equity of 22.52% and a net margin of 4.27%. The company’s quarterly revenue was up 23.7% compared to the same quarter last year. During the same period last year, the firm earned $5.75 earnings per share. On average, research analysts expect that Amazon.com will post 20.51 earnings per share for the current fiscal year.

In related news, CFO Brian T. Olsavsky sold 1,265 shares of the stock in a transaction that occurred on Friday, November 15th. The shares were sold at an average price of $1,760.05, for a total value of $2,226,463.25. Following the completion of the transaction, the chief financial officer now owns 2,480 shares of the company’s stock, valued at approximately $4,364,924. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, SVP Jeffrey M. Blackburn sold 3,573 shares of the stock in a transaction that occurred on Friday, November 15th. The shares were sold at an average price of $1,752.23, for a total transaction of $6,260,717.79. Following the completion of the transaction, the senior vice president now directly owns 50,659 shares of the company’s stock, valued at approximately $88,766,219.57. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 10,196 shares of company stock valued at $17,869,618. 16.10% of the stock is currently owned by insiders.

A number of large investors have recently modified their holdings of AMZN. Johanson Financial Advisors Inc. lifted its stake in Amazon.com by 185,502.2% in the 4th quarter. Johanson Financial Advisors Inc. now owns 2,095,449 shares of the e-commerce giant’s stock valued at $1,134,000 after purchasing an additional 2,094,320 shares during the last quarter. California Public Employees Retirement System lifted its stake in Amazon.com by 32.2% in the 3rd quarter. California Public Employees Retirement System now owns 901,471 shares of the e-commerce giant’s stock valued at $1,564,873,000 after purchasing an additional 219,380 shares during the last quarter. State Street Corp lifted its stake in Amazon.com by 0.8% in the 3rd quarter. State Street Corp now owns 16,705,952 shares of the e-commerce giant’s stock valued at $29,000,029,000 after purchasing an additional 138,504 shares during the last quarter. Voloridge Investment Management LLC lifted its stake in Amazon.com by 314.8% in the 3rd quarter. Voloridge Investment Management LLC now owns 156,440 shares of the e-commerce giant’s stock valued at $271,566,000 after purchasing an additional 118,721 shares during the last quarter. Finally, Prudential PLC lifted its stake in Amazon.com by 27.5% in the 2nd quarter. Prudential PLC now owns 232,935 shares of the e-commerce giant’s stock valued at $441,095,000 after purchasing an additional 50,252 shares during the last quarter. 56.40% of the stock is owned by institutional investors and hedge funds.

About Amazon.com

Amazon.com, Inc engages in the retail sale of consumer products and subscriptions in North America and internationally. The company operates through three segments: North America, International, and Amazon Web Services (AWS) segments. It sells merchandise and content purchased for resale from third-party sellers through physical stores and online stores.

See Also: Why is the ex-dividend date different from the record date?

Analyst Recommendations for Amazon.com (NASDAQ:AMZN)

Receive News & Ratings for Amazon.com Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Amazon.com and related companies with MarketBeat.com's FREE daily email newsletter.