Amazon.com (NASDAQ:AMZN) Given New $224.00 Price Target at Stifel Nicolaus

Amazon.com (NASDAQ:AMZN) had its price objective upped by analysts at Stifel Nicolaus from $200.00 to $224.00 in a report released on Tuesday, Benzinga reports. The firm currently has a "buy" rating on the e-commerce giant's stock. Stifel Nicolaus' target price suggests a potential upside of 22.19% from the company's previous close.

AMZN has been the topic of several other reports. Royal Bank of Canada increased their target price on shares of Amazon.com from $180.00 to $215.00 and gave the stock an "outperform" rating in a report on Friday, February 2nd. Moffett Nathanson restated a "buy" rating and set a $228.00 price objective on shares of Amazon.com in a report on Thursday, April 11th. Wolfe Research raised their price objective on shares of Amazon.com from $195.00 to $205.00 and gave the stock an "outperform" rating in a report on Friday, February 2nd. Needham & Company LLC raised their price objective on shares of Amazon.com from $175.00 to $205.00 and gave the stock a "buy" rating in a report on Friday, February 2nd. Finally, Canaccord Genuity Group raised their price objective on shares of Amazon.com from $185.00 to $200.00 and gave the stock a "buy" rating in a report on Friday, February 2nd. One equities research analyst has rated the stock with a hold rating, forty-three have assigned a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the company presently has a consensus rating of "Buy" and a consensus target price of $201.98.

Amazon.com Trading Down 0.2 %

AMZN stock traded down $0.30 during midday trading on Tuesday, reaching $183.32. The company's stock had a trading volume of 32,849,145 shares, compared to its average volume of 43,139,930. Amazon.com has a 52 week low of $101.15 and a 52 week high of $189.77. The stock has a market cap of $1.91 trillion, a PE ratio of 63.21, a price-to-earnings-growth ratio of 1.62 and a beta of 1.17. 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 business's 50-day simple moving average is $176.88 and its 200-day simple moving average is $156.19.

Amazon.com (NASDAQ:AMZN - Get Free Report) last announced 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. Amazon.com had a net margin of 5.29% and a return on equity of 16.61%. The firm had revenue of $169.96 billion for the quarter, compared to analysts' expectations of $165.96 billion. During the same period last year, the firm earned $0.21 earnings per share. The business's revenue for the quarter was up 13.9% on a year-over-year basis. As a group, sell-side analysts expect that Amazon.com will post 4.08 EPS for the current year.

Insiders Place Their Bets

In other news, CEO Adam Selipsky sold 500 shares of the business's stock in a transaction that occurred on Thursday, February 1st. The shares were sold at an average price of $155.72, for a total value of $77,860.00. Following the completion of the transaction, the chief executive officer now directly owns 116,560 shares in the company, valued at approximately $18,150,723.20. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. In other news, CEO Douglas J. Herrington sold 20,200 shares of the business's stock in a transaction that occurred on Wednesday, February 7th. The shares were sold at an average price of $169.99, for a total value of $3,433,798.00. Following the completion of the transaction, the chief executive officer now directly owns 514,131 shares in the company, valued at approximately $87,397,128.69. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CEO Adam Selipsky sold 500 shares of the business's stock in a transaction that occurred on Thursday, February 1st. The shares were sold at an average price of $155.72, for a total transaction of $77,860.00. Following the completion of the transaction, the chief executive officer now owns 116,560 shares of the company's stock, valued at $18,150,723.20. The disclosure for this sale can be found here. Insiders sold 32,214,010 shares of company stock worth $5,505,874,846 in the last quarter. 12.70% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Amazon.com

Institutional investors have recently added to or reduced their stakes in the stock. Fiduciary Planning LLC grew its holdings in Amazon.com by 1.5% during the 1st quarter. Fiduciary Planning LLC now owns 349 shares of the e-commerce giant's stock worth $1,138,000 after acquiring an additional 5 shares during the last quarter. HBC Financial Services PLLC grew its holdings in Amazon.com by 0.8% during the 1st quarter. HBC Financial Services PLLC now owns 616 shares of the e-commerce giant's stock worth $1,717,000 after acquiring an additional 5 shares during the last quarter. Meridian Investment Counsel Inc. grew its holdings in Amazon.com by 3.4% during the 1st quarter. Meridian Investment Counsel Inc. now owns 151 shares of the e-commerce giant's stock worth $492,000 after acquiring an additional 5 shares during the last quarter. Alterna Wealth Management Inc. grew its holdings in Amazon.com by 1.8% during the 1st quarter. Alterna Wealth Management Inc. now owns 289 shares of the e-commerce giant's stock worth $942,000 after acquiring an additional 5 shares during the last quarter. Finally, Archetype Wealth Partners grew its holdings in Amazon.com by 3.7% during the 1st quarter. Archetype Wealth Partners now owns 169 shares of the e-commerce giant's stock worth $552,000 after acquiring an additional 6 shares during the last quarter. 72.20% of the stock is currently owned by institutional investors and hedge funds.

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.