Amazon.com’s (AMZN) “Buy” Rating Reiterated at Stifel Nicolaus

Share on StockTwits

Amazon.com (NASDAQ:AMZN)‘s stock had its “buy” rating reissued by investment analysts at Stifel Nicolaus in a research note issued on Friday, AnalystRatings.com reports. They currently have a $2,300.00 price target on the e-commerce giant’s stock. Stifel Nicolaus’ target price points to a potential upside of 17.07% from the company’s previous close.

The analysts wrote, “We expect continued strength in Amazon’s high-margin businesses, AWS and Advertising, which should continue to be a tailwind for operating margin and allow the company to invest more heavily in its retail capabilities, including one-day delivery. As we look ahead to 3Q, we expect management to guide revenue above expectations driven by a strong Prime Day (items sold up ~75% y/y), though believe margin guidance will come in below the Street due to incremental investments in one-day shipping, international, and AWS. Amazon is well- positioned as the leader in retail/cloud, and should continue to gain share in the advertising market as it adds new tools/services, makes strategic acquisitions (Sizmek), and leverages its valuable consumer data. We maintain our $2,300 PT.””

AMZN has been the topic of several other reports. Wedbush set a $13.00 price target on shares of SLM and gave the stock a “buy” rating in a research note on Monday, April 22nd. Deutsche Bank boosted their price target on Rockwell Automation from $173.00 to $186.00 and gave the stock a “hold” rating in a report on Friday, April 26th. ValuEngine cut Zumiez from a “hold” rating to a “sell” rating in a report on Tuesday, July 2nd. DA Davidson reissued a “neutral” rating on shares of IDEX in a report on Friday, April 26th. Finally, Morgan Stanley set a $70.00 price target on Edison International and gave the stock a “hold” rating in a report on Monday. Three research analysts have rated the stock with a hold rating and forty-five have issued a buy rating to the company. The company currently has a consensus rating of “Buy” and an average target price of $2,193.89.

NASDAQ:AMZN traded down $13.20 during trading hours on Friday, reaching $1,964.70. 288,901 shares of the company’s stock were exchanged, compared to its average volume of 2,869,290. The firm has a market cap of $980.74 billion, a price-to-earnings ratio of 97.66, a price-to-earnings-growth ratio of 2.27 and a beta of 1.57. The firm’s 50-day moving average is $1,893.51. The company has a quick ratio of 0.83, a current ratio of 1.09 and a debt-to-equity ratio of 0.48. Amazon.com has a 1-year low of $1,307.00 and a 1-year high of $2,050.50.

Amazon.com (NASDAQ:AMZN) last issued its quarterly earnings results on Thursday, April 25th. The e-commerce giant reported $7.09 earnings per share for the quarter, topping the Zacks’ consensus estimate of $4.61 by $2.48. Amazon.com had a net margin of 4.97% and a return on equity of 28.91%. The firm had revenue of $59.70 billion during the quarter, compared to analysts’ expectations of $59.73 billion. During the same quarter in the prior year, the business earned $3.27 EPS. Amazon.com’s quarterly revenue was up 17.0% compared to the same quarter last year. Equities research analysts forecast that Amazon.com will post 26.6 earnings per share for the current fiscal year.

In related news, CEO Andrew R. Jassy sold 7,308 shares of Amazon.com stock in a transaction on Wednesday, July 10th. The stock was sold at an average price of $2,000.00, for a total transaction of $14,616,000.00. Following the completion of the sale, the chief executive officer now owns 92,614 shares of the company’s stock, valued at $185,228,000. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, insider David Zapolsky sold 763 shares of Amazon.com stock in a transaction on Wednesday, July 10th. The shares were sold at an average price of $2,000.00, for a total value of $1,526,000.00. Following the sale, the insider now directly owns 2,698 shares of the company’s stock, valued at approximately $5,396,000. The disclosure for this sale can be found here. Insiders sold 18,993 shares of company stock valued at $36,698,207 over the last ninety days. Corporate insiders own 16.10% of the company’s stock.

A number of large investors have recently bought and sold shares of AMZN. Thoroughbred Financial Services LLC boosted its stake in Amazon.com by 191,406.0% during the second quarter. Thoroughbred Financial Services LLC now owns 9,307,191 shares of the e-commerce giant’s stock valued at $930,719,000 after buying an additional 9,302,331 shares during the period. Elephas Investment Management Ltd purchased a new stake in Amazon.com during the fourth quarter valued at about $182,039,000. WELLCOME TRUST LTD THE as trustee of the WELLCOME TRUST purchased a new stake in Amazon.com during the fourth quarter valued at about $180,236,000. Amundi Pioneer Asset Management Inc. raised its position in Amazon.com by 20.4% during the first quarter. Amundi Pioneer Asset Management Inc. now owns 687,487 shares of the e-commerce giant’s stock valued at $1,224,242,000 after purchasing an additional 116,401 shares in the last quarter. Finally, Marshall Wace North America L.P. raised its position in Amazon.com by 121.9% during the first quarter. Marshall Wace North America L.P. now owns 149,742 shares of the e-commerce giant’s stock valued at $266,655,000 after purchasing an additional 82,264 shares in the last quarter. 55.49% of the stock is owned by institutional investors.

Amazon.com Company Profile

Amazon.com, Inc engages in the retail sale of consumer products and subscriptions in North America and internationally. The company operates through three segments: North America, International, and Amazon Web Services (AWS) segments. It sells merchandise and content purchased for resale from third-party sellers through physical stores and online stores.

Recommended Story: What are the risks of holding treasury bonds?

Analyst Recommendations for Amazon.com (NASDAQ:AMZN)

Receive News & Ratings for Amazon.com Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Amazon.com and related companies with MarketBeat.com's FREE daily email newsletter.