Amazon.com (NASDAQ:AMZN) Price Target Lowered to $224.00 at Stifel Nicolaus

Amazon.com (NASDAQ:AMZN) had its target price trimmed by Stifel Nicolaus from $228.00 to $224.00 in a research report sent to investors on Friday morning, Benzinga reports. The firm currently has a buy rating on the e-commerce giant’s stock.

A number of other brokerages also recently weighed in on AMZN. Jefferies Financial Group decreased their price target on Amazon.com from $235.00 to $225.00 and set a buy rating for the company in a report on Friday. BMO Capital Markets lifted their price objective on Amazon.com from $220.00 to $230.00 and gave the stock an outperform rating in a research report on Thursday, July 25th. Tigress Financial lifted their price objective on Amazon.com from $210.00 to $245.00 and gave the stock a buy rating in a research report on Thursday, May 30th. Wells Fargo & Company lifted their price objective on Amazon.com from $234.00 to $239.00 and gave the stock an overweight rating in a research report on Friday, June 28th. Finally, Monness Crespi & Hardt lifted their price objective on Amazon.com from $215.00 to $225.00 and gave the stock a buy rating in a research report on Wednesday, May 1st. Two research analysts have rated the stock with a hold rating, forty-three have issued a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, Amazon.com currently has an average rating of Moderate Buy and a consensus price target of $218.91.

Amazon.com Stock Down 8.8 %

NASDAQ AMZN opened at $167.90 on Friday. The business has a fifty day moving average price of $187.12 and a two-hundred day moving average price of $179.54. The company has a debt-to-equity ratio of 0.27, a current ratio of 1.07 and a quick ratio of 0.87. Amazon.com has a fifty-two week low of $118.35 and a fifty-two week high of $201.20. The stock has a market capitalization of $1.75 trillion, a PE ratio of 47.03, a PEG ratio of 1.32 and a beta of 1.15.

Amazon.com (NASDAQ:AMZN) last announced its quarterly earnings results on Tuesday, April 30th. The e-commerce giant reported $0.98 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.83 by $0.15. The company had revenue of $143.31 billion during the quarter, compared to the consensus estimate of $142.65 billion. Amazon.com had a net margin of 7.35% and a return on equity of 22.35%. The company’s revenue for the quarter was up 12.5% compared to the same quarter last year. During the same period in the prior year, the business earned $0.31 earnings per share. Equities analysts expect that Amazon.com will post 4.73 earnings per share for the current fiscal year.

Insider Buying and Selling at Amazon.com

In other Amazon.com news, Director Keith Brian Alexander sold 1,000 shares of the business’s stock in a transaction on Monday, May 6th. The shares were sold at an average price of $186.22, for a total transaction of $186,220.00. Following the sale, the director now owns 4,760 shares of the company’s stock, valued at approximately $886,407.20. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. In other Amazon.com news, Director Keith Brian Alexander sold 1,000 shares of the business’s stock in a transaction on Monday, May 6th. The shares were sold at an average price of $186.22, for a total transaction of $186,220.00. Following the sale, the director now owns 4,760 shares of the company’s stock, valued at approximately $886,407.20. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Jeffrey P. Bezos sold 266,396 shares of the company’s stock in a transaction on Wednesday, July 10th. The stock was sold at an average price of $200.01, for a total transaction of $53,281,863.96. Following the completion of the transaction, the insider now directly owns 928,433,873 shares in the company, valued at approximately $185,696,058,938.73. The disclosure for this sale can be found here. Insiders have sold 6,109,490 shares of company stock valued at $1,221,619,033 in the last 90 days. 10.80% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in the company. 9258 Wealth Management LLC increased its holdings in shares of Amazon.com by 2.1% in the second quarter. 9258 Wealth Management LLC now owns 28,039 shares of the e-commerce giant’s stock worth $5,419,000 after purchasing an additional 564 shares during the period. Kornitzer Capital Management Inc. KS increased its holdings in shares of Amazon.com by 4.2% in the second quarter. Kornitzer Capital Management Inc. KS now owns 239,233 shares of the e-commerce giant’s stock worth $46,232,000 after purchasing an additional 9,592 shares during the period. First Pacific Advisors LP increased its holdings in shares of Amazon.com by 1.1% in the second quarter. First Pacific Advisors LP now owns 1,657,154 shares of the e-commerce giant’s stock worth $320,245,000 after purchasing an additional 17,465 shares during the period. Beaumont Asset Management L.L.C. grew its position in Amazon.com by 0.8% in the second quarter. Beaumont Asset Management L.L.C. now owns 17,944 shares of the e-commerce giant’s stock worth $3,468,000 after acquiring an additional 138 shares in the last quarter. Finally, SouthState Corp grew its position in Amazon.com by 0.5% in the second quarter. SouthState Corp now owns 164,874 shares of the e-commerce giant’s stock worth $31,862,000 after acquiring an additional 811 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.