Amazon.com (NASDAQ:AMZN) Price Target Lowered to $248.00 at Stifel Nicolaus

Amazon.com (NASDAQ:AMZN) had its target price decreased by investment analysts at Stifel Nicolaus from $275.00 to $248.00 in a note issued to investors on Wednesday,Benzinga reports. The firm currently has a "buy" rating on the e-commerce giant's stock. Stifel Nicolaus' price target points to a potential upside of 31.22% from the stock's current price.

Other research analysts also recently issued reports about the stock. Jefferies Financial Group reduced their price target on shares of Amazon.com from $250.00 to $240.00 and set a "buy" rating on the stock in a research report on Tuesday, April 22nd. Rosenblatt Securities raised their target price on shares of Amazon.com from $236.00 to $287.00 and gave the stock a "buy" rating in a report on Friday, February 7th. HSBC lifted their target price on Amazon.com from $225.00 to $270.00 and gave the company a "buy" rating in a research note on Monday, January 13th. Telsey Advisory Group dropped their price target on Amazon.com from $275.00 to $235.00 and set an "outperform" rating on the stock in a research report on Wednesday. Finally, Wolfe Research boosted their price objective on Amazon.com from $250.00 to $270.00 and gave the company an "outperform" rating in a research report on Friday, January 3rd. Two investment analysts have rated the stock with a hold rating and forty-five have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $247.56.

Amazon.com Stock Up 1.3 %

NASDAQ AMZN traded up $2.45 on Wednesday, hitting $188.99. 36,349,105 shares of the stock traded hands, compared to its average volume of 41,913,658. The company has a current ratio of 1.06, a quick ratio of 0.87 and a debt-to-equity ratio of 0.18. The stock has a 50-day moving average of $193.52 and a 200 day moving average of $207.90. Amazon.com has a twelve month low of $151.61 and a twelve month high of $242.52. The company has a market capitalization of $2.00 trillion, a P/E ratio of 34.18, a price-to-earnings-growth ratio of 1.50 and a beta of 1.39.

Amazon.com (NASDAQ:AMZN - Get Free Report) last posted its quarterly earnings results on Thursday, February 6th. The e-commerce giant reported $1.86 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.52 by $0.34. Amazon.com had a return on equity of 24.25% and a net margin of 9.29%. As a group, analysts expect that Amazon.com will post 6.31 earnings per share for the current fiscal year.

Insider Buying and Selling at Amazon.com

In other Amazon.com news, CFO Brian T. Olsavsky sold 14,620 shares of the company's stock in a transaction that occurred on Friday, February 21st. The shares were sold at an average price of $223.14, for a total value of $3,262,306.80. Following the transaction, the chief financial officer now owns 49,000 shares in the company, valued at approximately $10,933,860. This represents a 22.98 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Douglas J. Herrington sold 27,500 shares of the stock in a transaction that occurred on Wednesday, February 12th. The stock was sold at an average price of $230.27, for a total transaction of $6,332,425.00. Following the completion of the sale, the chief executive officer now owns 497,067 shares of the company's stock, valued at approximately $114,459,618.09. The trade was a 5.24 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 104,798 shares of company stock valued at $23,341,803 in the last three months. 10.80% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Amazon.com

A number of hedge funds have recently modified their holdings of AMZN. Prudent Man Investment Management Inc. bought a new position in Amazon.com during the fourth quarter valued at approximately $27,000. Accordant Advisory Group Inc increased its stake in shares of Amazon.com by 400.0% during the 4th quarter. Accordant Advisory Group Inc now owns 125 shares of the e-commerce giant's stock worth $27,000 after purchasing an additional 100 shares during the last quarter. LSV Asset Management acquired a new position in shares of Amazon.com during the 4th quarter worth $35,000. Perritt Capital Management Inc raised its holdings in shares of Amazon.com by 72.7% during the 4th quarter. Perritt Capital Management Inc now owns 190 shares of the e-commerce giant's stock valued at $42,000 after purchasing an additional 80 shares in the last quarter. Finally, Inlight Wealth Management LLC acquired a new stake in shares of Amazon.com in the 1st quarter valued at $40,000. 72.20% 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, 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.