Amazon.com (NASDAQ:AMZN) Price Target Increased to $228.00 by Analysts at Stifel Nicolaus

Amazon.com (NASDAQ:AMZN) had its price target upped by Stifel Nicolaus from $224.00 to $228.00 in a report released on Wednesday, Benzinga reports. The brokerage currently has a buy rating on the e-commerce giant’s stock.

Several other analysts have also commented on AMZN. Raymond James increased their price target on shares of Amazon.com from $200.00 to $205.00 and gave the company a strong-buy rating in a research report on Wednesday. Bank of America upped their price objective on shares of Amazon.com from $185.00 to $204.00 and gave the company a buy rating in a report on Friday, February 2nd. Robert W. Baird upped their price objective on shares of Amazon.com from $205.00 to $210.00 and gave the company an outperform rating in a report on Wednesday. Maxim Group cut their price objective on shares of Amazon.com from $318.00 to $238.00 and set a buy rating on the stock in a report on Wednesday. Finally, Rosenblatt Securities restated a buy rating and set a $220.00 price objective on shares of Amazon.com in a report on Wednesday. One analyst has rated the stock with a hold rating, forty-four have given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, Amazon.com has a consensus rating of Buy and an average target price of $210.18.

Amazon.com Stock Performance

AMZN stock opened at $179.00 on Wednesday. The firm has a market cap of $1.86 trillion, a price-to-earnings ratio of 61.72, a PEG ratio of 1.57 and a beta of 1.16. The firm has a 50-day simple moving average of $178.59 and a two-hundred day simple moving average of $159.78. Amazon.com has a one year low of $101.15 and a one year high of $189.77. The company has a debt-to-equity ratio of 0.29, a quick ratio of 0.84 and a current ratio of 1.05.

Amazon.com (NASDAQ:AMZN) last released its quarterly earnings results on Tuesday, April 30th. The e-commerce giant reported $0.98 EPS for the quarter, beating the consensus estimate of $0.83 by $0.15. The business had revenue of $143.31 billion during the quarter, compared to analyst estimates of $142.65 billion. Amazon.com had a net margin of 5.29% and a return on equity of 16.61%. The company’s quarterly revenue was up 12.5% on a year-over-year basis. During the same period in the prior year, the firm posted $0.31 earnings per share. On average, equities analysts forecast that Amazon.com will post 4.11 EPS for the current fiscal year.

Insider Activity

In other news, insider Jeffrey P. Bezos sold 2,009,208 shares of the stock in a transaction that occurred on Tuesday, February 20th. The stock was sold at an average price of $166.79, for a total transaction of $335,115,802.32. Following the transaction, the insider now owns 938,251,817 shares in the company, valued at approximately $156,491,020,557.43. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. In other news, insider Jeffrey P. Bezos sold 2,009,208 shares of the stock in a transaction that occurred on Tuesday, February 20th. The stock was sold at an average price of $166.79, for a total transaction of $335,115,802.32. Following the transaction, the insider now owns 938,251,817 shares in the company, valued at approximately $156,491,020,557.43. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, VP Shelley Reynolds sold 3,100 shares of the stock in a transaction that occurred on Wednesday, February 21st. The shares were sold at an average price of $168.97, for a total value of $523,807.00. Following the transaction, the vice president now owns 119,780 shares in the company, valued at approximately $20,239,226.60. The disclosure for this sale can be found here. Insiders have sold 32,213,510 shares of company stock worth $5,505,811,286 in the last quarter. Corporate insiders own 10.30% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in AMZN. 1900 Wealth Management LLC lifted its holdings in Amazon.com by 7.9% in the 3rd quarter. 1900 Wealth Management LLC now owns 26,006 shares of the e-commerce giant’s stock valued at $3,306,000 after purchasing an additional 1,899 shares in the last quarter. Park Place Capital Corp lifted its holdings in Amazon.com by 4.0% in the 3rd quarter. Park Place Capital Corp now owns 22,054 shares of the e-commerce giant’s stock valued at $2,804,000 after purchasing an additional 857 shares in the last quarter. Kozak & Associates Inc. lifted its holdings in Amazon.com by 81.9% in the 3rd quarter. Kozak & Associates Inc. now owns 54,534 shares of the e-commerce giant’s stock valued at $6,978,000 after purchasing an additional 24,549 shares in the last quarter. Avior Wealth Management LLC lifted its holdings in Amazon.com by 0.3% in the 3rd quarter. Avior Wealth Management LLC now owns 71,767 shares of the e-commerce giant’s stock valued at $9,123,000 after purchasing an additional 225 shares in the last quarter. Finally, Founders Financial Securities LLC lifted its holdings in Amazon.com by 5.6% in the 3rd quarter. Founders Financial Securities LLC now owns 40,762 shares of the e-commerce giant’s stock valued at $5,182,000 after purchasing an additional 2,147 shares in the last quarter. 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.