Amazon.com (NASDAQ:AMZN) Given New $245.00 Price Target at Stifel Nicolaus

Amazon.com (NASDAQ:AMZN) had its price target boosted by Stifel Nicolaus from $224.00 to $245.00 in a research report sent to investors on Friday, Benzinga reports. They currently have a buy rating on the e-commerce giant’s stock.

A number of other brokerages also recently issued reports on AMZN. Benchmark restated a “buy” rating and issued a $200.00 price objective on shares of Amazon.com in a research note on Friday, August 2nd. Rosenblatt Securities lifted their price objective on Amazon.com from $221.00 to $236.00 and gave the stock a “buy” rating in a report on Friday. JMP Securities reaffirmed a “market outperform” rating and issued a $265.00 price target on shares of Amazon.com in a report on Tuesday, October 15th. Telsey Advisory Group raised their price objective on shares of Amazon.com from $215.00 to $235.00 and gave the company an “outperform” rating in a research report on Friday. Finally, Wolfe Research started coverage on shares of Amazon.com in a report on Tuesday, July 16th. They set an “outperform” rating and a $250.00 target price on the stock. Two investment analysts have rated the stock with a hold rating, forty have assigned a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $246.48.

Amazon.com Stock Performance

Shares of AMZN opened at $195.78 on Friday. Amazon.com has a one year low of $138.36 and a one year high of $201.20. The company has a market cap of $2.05 trillion, a PE ratio of 41.92, a P/E/G ratio of 1.42 and a beta of 1.14. The stock has a 50-day moving average of $185.23 and a 200-day moving average of $183.89. The company has a debt-to-equity ratio of 0.23, a current ratio of 1.10 and a quick ratio of 0.88.

Amazon.com (NASDAQ:AMZN) last released its quarterly earnings data on Thursday, October 31st. The e-commerce giant reported $1.43 earnings per share for the quarter, topping the consensus estimate of $1.14 by $0.29. Amazon.com had a net margin of 8.04% and a return on equity of 23.46%. The firm had revenue of $158.88 billion for the quarter, compared to the consensus estimate of $157.28 billion. During the same quarter in the prior year, the company posted $0.85 earnings per share. The business’s revenue was up 11.0% on a year-over-year basis. On average, equities research analysts predict that Amazon.com will post 4.84 EPS for the current fiscal year.

Insider Buying and Selling at Amazon.com

In related news, CEO Andrew R. Jassy sold 20,784 shares of Amazon.com stock in a transaction dated Wednesday, August 21st. The stock was sold at an average price of $180.77, for a total value of $3,757,123.68. Following the completion of the sale, the chief executive officer now directly owns 2,056,534 shares in the company, valued at approximately $371,759,651.18. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, CFO Brian T. Olsavsky sold 14,600 shares of the firm’s stock in a transaction dated Wednesday, August 21st. The stock was sold at an average price of $180.00, for a total value of $2,628,000.00. Following the transaction, the chief financial officer now owns 49,000 shares of the company’s stock, valued at $8,820,000. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Andrew R. Jassy sold 20,784 shares of Amazon.com stock in a transaction dated Wednesday, August 21st. The shares were sold at an average price of $180.77, for a total value of $3,757,123.68. Following the transaction, the chief executive officer now directly owns 2,056,534 shares in the company, valued at approximately $371,759,651.18. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 50,855 shares of company stock worth $9,215,048. Insiders own 10.80% of the company’s stock.

Hedge Funds Weigh In On Amazon.com

Hedge funds have recently made changes to their positions in the business. Cambridge Advisors Inc. increased its stake in Amazon.com by 1.5% during the first quarter. Cambridge Advisors Inc. now owns 4,625 shares of the e-commerce giant’s stock worth $834,000 after acquiring an additional 70 shares during the last quarter. Kathmere Capital Management LLC lifted its stake in Amazon.com by 71.5% in the first quarter. Kathmere Capital Management LLC now owns 8,776 shares of the e-commerce giant’s stock worth $1,583,000 after purchasing an additional 3,658 shares during the last quarter. Norway Savings Bank boosted its position in shares of Amazon.com by 3.6% during the first quarter. Norway Savings Bank now owns 26,688 shares of the e-commerce giant’s stock valued at $4,814,000 after buying an additional 933 shares during the period. New England Research & Management Inc. grew its stake in shares of Amazon.com by 5.9% during the first quarter. New England Research & Management Inc. now owns 9,413 shares of the e-commerce giant’s stock valued at $1,698,000 after buying an additional 525 shares during the last quarter. Finally, Silverleafe Capital Partners LLC grew its position in Amazon.com by 7.8% in the 1st quarter. Silverleafe Capital Partners LLC now owns 4,570 shares of the e-commerce giant’s stock valued at $824,000 after acquiring an additional 330 shares during the last quarter. 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.