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

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

Several other research firms have also recently commented on AMZN. Wedbush reaffirmed an outperform rating and issued a $225.00 target price on shares of Amazon.com in a research report on Wednesday. Benchmark reaffirmed a buy rating and issued a $200.00 target price on shares of Amazon.com in a research report on Wednesday, April 24th. Rosenblatt Securities reaffirmed a buy rating and issued a $220.00 target price on shares of Amazon.com in a research report on Wednesday. Barclays raised their target price on shares of Amazon.com from $220.00 to $230.00 and gave the stock an overweight rating in a research report on Wednesday. Finally, Raymond James raised their target price on shares of Amazon.com from $200.00 to $205.00 and gave the stock a strong-buy rating in a research report on Wednesday. One investment 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 company. According to MarketBeat.com, the stock has an average rating of Buy and a consensus price target of $210.18.

Amazon.com Trading Up 2.3 %

NASDAQ:AMZN opened at $179.00 on Wednesday. The company has a fifty day moving average of $178.59 and a 200 day moving average of $159.78. Amazon.com has a 52 week low of $101.15 and a 52 week 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 firm has a market capitalization of $1.86 trillion, a P/E ratio of 61.72, a P/E/G ratio of 1.57 and a beta of 1.16.

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

Insider Transactions at Amazon.com

In other news, CEO Adam Selipsky sold 500 shares of Amazon.com stock in a transaction that occurred on Thursday, March 21st. The shares were sold at an average price of $180.00, for a total value of $90,000.00. Following the completion of the sale, the chief executive officer now directly owns 132,600 shares in the company, valued at $23,868,000. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. In other news, CEO Adam Selipsky sold 500 shares of Amazon.com stock in a transaction that occurred on Thursday, March 21st. The shares were sold at an average price of $180.00, for a total value of $90,000.00. Following the completion of the sale, the chief executive officer now directly owns 132,600 shares in the company, valued at $23,868,000. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Douglas J. Herrington sold 3,500 shares of Amazon.com stock in a transaction that occurred on Monday, April 1st. The stock was sold at an average price of $180.73, for a total transaction of $632,555.00. Following the completion of the sale, the chief executive officer now owns 512,858 shares of the company’s stock, valued at $92,688,826.34. The disclosure for this sale can be found here. Insiders sold 32,213,510 shares of company stock worth $5,505,811,286 over the last three months. 10.30% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Amazon.com

Institutional investors and hedge funds have recently made changes to their positions in the business. Cherrydale Wealth Management LLC boosted its holdings in shares of Amazon.com by 14.7% in the fourth quarter. Cherrydale Wealth Management LLC now owns 5,260 shares of the e-commerce giant’s stock worth $799,000 after buying an additional 675 shares during the last quarter. Tompkins Financial Corp boosted its holdings in shares of Amazon.com by 3.3% in the fourth quarter. Tompkins Financial Corp now owns 71,576 shares of the e-commerce giant’s stock worth $10,875,000 after buying an additional 2,273 shares during the last quarter. Nicholas Company Inc. boosted its holdings in shares of Amazon.com by 3.9% in the third quarter. Nicholas Company Inc. now owns 705,065 shares of the e-commerce giant’s stock worth $89,628,000 after buying an additional 26,465 shares during the last quarter. Nordea Investment Management AB lifted its holdings in Amazon.com by 5.4% during the fourth quarter. Nordea Investment Management AB now owns 5,397,520 shares of the e-commerce giant’s stock valued at $825,065,000 after purchasing an additional 277,631 shares in the last quarter. Finally, Foresight Capital Management Advisors Inc. purchased a new position in Amazon.com during the fourth quarter valued at approximately $1,891,000. 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.