Amazon.com (NASDAQ:AMZN) Given New $248.00 Price Target at Stifel Nicolaus

Amazon.com (NASDAQ:AMZN) had its price target decreased by Stifel Nicolaus from $275.00 to $248.00 in a research report released on Wednesday,Benzinga reports. Stifel Nicolaus currently has a buy rating on the e-commerce giant’s stock.

Other analysts have also issued research reports about the company. Westpark Capital assumed coverage on Amazon.com in a report on Tuesday, April 1st. They set a “buy” rating and a $280.00 price target for the company. Canaccord Genuity Group reiterated a “buy” rating on shares of Amazon.com in a research note on Thursday, February 13th. Mizuho decreased their target price on shares of Amazon.com from $285.00 to $255.00 and set an “outperform” rating on the stock in a research note on Wednesday, April 9th. The Goldman Sachs Group dropped their price target on shares of Amazon.com from $255.00 to $220.00 and set a “buy” rating for the company in a research report on Tuesday. Finally, Truist Financial decreased their price objective on shares of Amazon.com from $265.00 to $230.00 and set a “buy” rating on the stock in a research report on Thursday, April 10th. Two research 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, the company has a consensus rating of “Moderate Buy” and a consensus target price of $247.56.

Amazon.com Stock Up 1.3 %

Shares of Amazon.com stock opened at $188.99 on Wednesday. The company has a 50-day simple moving average of $193.52 and a two-hundred day simple moving average of $207.75. The company has a debt-to-equity ratio of 0.18, a quick ratio of 0.87 and a current ratio of 1.06. Amazon.com has a 52-week low of $151.61 and a 52-week high of $242.52. The stock has a market capitalization of $2.00 trillion, a PE ratio of 34.18, a price-to-earnings-growth ratio of 1.50 and a beta of 1.39.

Amazon.com (NASDAQ:AMZN) last issued its quarterly earnings data on Thursday, February 6th. The e-commerce giant reported $1.86 EPS for the quarter, topping 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%. On average, analysts anticipate that Amazon.com will post 6.31 EPS for the current fiscal year.

Insiders Place Their Bets

In related news, CFO Brian T. Olsavsky sold 14,620 shares of Amazon.com stock in a transaction dated Friday, February 21st. The shares were sold at an average price of $223.14, for a total transaction of $3,262,306.80. Following the completion of the sale, the chief financial officer now owns 49,000 shares in the company, valued at $10,933,860. This trade represents a 22.98 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, CEO Douglas J. Herrington sold 2,500 shares of the company’s stock in a transaction dated Tuesday, April 1st. The stock was sold at an average price of $187.99, for a total transaction of $469,975.00. Following the completion of the transaction, the chief executive officer now owns 509,474 shares in the company, valued at $95,776,017.26. This represents a 0.49 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 104,798 shares of company stock valued at $23,341,803 over the last 90 days. 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. Vanguard Group Inc. lifted its holdings in shares of Amazon.com by 2.2% in the 4th quarter. Vanguard Group Inc. now owns 823,360,597 shares of the e-commerce giant’s stock worth $180,637,081,000 after buying an additional 17,635,391 shares during the period. State Street Corp raised its holdings in shares of Amazon.com by 3.3% in the third quarter. State Street Corp now owns 359,179,990 shares of the e-commerce giant’s stock valued at $66,926,008,000 after acquiring an additional 11,370,309 shares in the last quarter. FMR LLC raised its holdings in shares of Amazon.com by 0.5% in the fourth quarter. FMR LLC now owns 328,464,225 shares of the e-commerce giant’s stock valued at $72,061,766,000 after acquiring an additional 1,725,664 shares in the last quarter. Geode Capital Management LLC lifted its stake in Amazon.com by 2.5% in the fourth quarter. Geode Capital Management LLC now owns 204,930,426 shares of the e-commerce giant’s stock worth $44,837,256,000 after acquiring an additional 5,015,380 shares during the period. Finally, Price T Rowe Associates Inc. MD grew its holdings in Amazon.com by 2.3% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 182,813,905 shares of the e-commerce giant’s stock worth $40,107,544,000 after acquiring an additional 4,087,933 shares in the last quarter. Institutional investors own 72.20% of the company’s stock.

Amazon.com Company Profile

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.