Amazon.com (NASDAQ:AMZN) Stock Price Expected to Rise, Stifel Nicolaus Analyst Says

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

AMZN has been the subject of several other research reports. Needham & Company LLC reissued a “buy” rating and set a $210.00 target price on shares of Amazon.com in a research note on Friday. TD Cowen upped their price objective on shares of Amazon.com from $230.00 to $240.00 and gave the stock a “buy” rating in a report on Friday. Morgan Stanley reaffirmed an “overweight” rating and issued a $210.00 price objective on shares of Amazon.com in a research note on Thursday, October 3rd. Wedbush reiterated an “outperform” rating and set a $225.00 target price on shares of Amazon.com in a report on Friday, August 2nd. Finally, Rosenblatt Securities increased their price objective on Amazon.com from $221.00 to $236.00 and gave the company a “buy” rating in a research note on Friday. Two analysts have rated the stock with a hold rating, forty have issued a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $246.48.

Amazon.com Stock Down 1.1 %

Shares of AMZN opened at $195.78 on Friday. Amazon.com has a 52-week low of $138.36 and a 52-week high of $201.20. The company has a quick ratio of 0.88, a current ratio of 1.10 and a debt-to-equity ratio of 0.23. The stock has a fifty day simple moving average of $185.23 and a two-hundred day simple moving average of $183.89. The company has a market capitalization of $2.05 trillion, a PE ratio of 41.92, a price-to-earnings-growth ratio of 1.42 and a beta of 1.14.

Amazon.com (NASDAQ:AMZN) last posted its earnings results on Thursday, October 31st. The e-commerce giant reported $1.43 earnings per share for the quarter, beating 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 company had revenue of $158.88 billion for the quarter, compared to analyst estimates of $157.28 billion. During the same period in the previous year, the business posted $0.85 EPS. Amazon.com’s revenue was up 11.0% on a year-over-year basis. As a group, equities analysts forecast that Amazon.com will post 4.84 EPS for the current year.

Insider Activity

In related news, VP Shelley Reynolds sold 3,791 shares of the company’s stock in a transaction that occurred on Wednesday, August 21st. The stock was sold at an average price of $181.04, for a total value of $686,322.64. Following the sale, the vice president now owns 121,461 shares in the company, valued at $21,989,299.44. This represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. In other Amazon.com news, VP Shelley Reynolds sold 3,791 shares of the business’s stock in a transaction on Wednesday, August 21st. The stock was sold at an average price of $181.04, for a total transaction of $686,322.64. Following the sale, the vice president now directly owns 121,461 shares in the company, valued at approximately $21,989,299.44. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, SVP David Zapolsky sold 9,490 shares of the company’s stock in a transaction on Wednesday, August 21st. The shares were sold at an average price of $180.88, for a total value of $1,716,551.20. Following the completion of the sale, the senior vice president now directly owns 64,610 shares in the company, valued at $11,686,656.80. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders sold 50,855 shares of company stock worth $9,215,048. Company insiders own 10.80% of the company’s stock.

Institutional Trading of Amazon.com

Several institutional investors and hedge funds have recently modified their holdings of AMZN. PayPay Securities Corp grew its holdings in Amazon.com by 64.6% during the 2nd quarter. PayPay Securities Corp now owns 163 shares of the e-commerce giant’s stock valued at $32,000 after buying an additional 64 shares during the last quarter. Hoese & Co LLP purchased a new stake in shares of Amazon.com in the third quarter valued at $37,000. Bull Oak Capital LLC acquired a new stake in shares of Amazon.com during the third quarter valued at $45,000. Christopher J. Hasenberg Inc boosted its stake in shares of Amazon.com by 650.0% during the 2nd quarter. Christopher J. Hasenberg Inc now owns 300 shares of the e-commerce giant’s stock worth $58,000 after purchasing an additional 260 shares during the last quarter. Finally, Values First Advisors Inc. acquired a new stake in Amazon.com during the third quarter worth approximately $56,000. 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.