Amazon.com (NASDAQ:AMZN) Given New $260.00 Price Target at Susquehanna

Key Points

• Susquehanna raised its price target for Amazon.com (NASDAQ:AMZN) from $225.00 to $260.00, indicating a potential upside of 19.31% from the current stock price.
• A total of 45 analysts have given Amazon a buy rating, with the average price target now at $259.08.
• In its latest earnings report, Amazon reported an EPS of $1.68, surpassing expectations and showcasing a 13.3% revenue increase year-over-year.

Amazon.com (NASDAQ:AMZN) had its target price increased by investment analysts at Susquehanna from $225.00 to $260.00 in a report issued on Friday,Benzinga reports. The brokerage currently has a "positive" rating on the e-commerce giant's stock. Susquehanna's price objective points to a potential upside of 19.31% from the stock's current price.

A number of other research analysts have also issued reports on the company. BMO Capital Markets boosted their price target on Amazon.com from $233.00 to $270.00 and gave the stock an "outperform" rating in a research report on Tuesday, July 22nd. Deutsche Bank Aktiengesellschaft boosted their price target on Amazon.com from $230.00 to $266.00 in a research report on Tuesday, July 22nd. Roth Capital set a $250.00 price target on Amazon.com and gave the stock a "buy" rating in a research report on Tuesday, July 8th. BNP Paribas Exane upgraded Amazon.com from a "neutral" rating to an "outperform" rating and set a $254.00 price target for the company in a research report on Friday, June 27th. Finally, Jefferies Financial Group boosted their price target on Amazon.com from $255.00 to $265.00 in a research report on Wednesday, July 16th. Three equities research analysts have rated the stock with a hold rating, forty-five have given a buy rating and two have given a strong buy rating to the company's stock. According to data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average price target of $259.08.

Amazon.com Trading Down 6.9%

NASDAQ:AMZN opened at $217.91 on Friday. Amazon.com has a 12-month low of $151.61 and a 12-month high of $242.52. The firm has a market capitalization of $2.31 trillion, a P/E ratio of 35.52, a P/E/G ratio of 1.71 and a beta of 1.33. The company has a debt-to-equity ratio of 0.17, a current ratio of 1.05 and a quick ratio of 0.84. The business has a 50 day simple moving average of $217.93 and a 200 day simple moving average of $209.23.

Amazon.com (NASDAQ:AMZN - Get Free Report) last released its quarterly earnings data on Thursday, July 31st. The e-commerce giant reported $1.68 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.31 by $0.37. Amazon.com had a return on equity of 24.14% and a net margin of 10.14%. The business had revenue of $167.70 billion during the quarter, compared to analyst estimates of $161.80 billion. During the same quarter in the previous year, the firm posted $1.26 EPS. The business's revenue for the quarter was up 13.3% compared to the same quarter last year. Equities research analysts predict that Amazon.com will post 6.31 EPS for the current year.

Insider Buying and Selling at Amazon.com

In related news, insider Jeffrey P. Bezos sold 4,273,237 shares of the business's stock in a transaction dated Friday, July 11th. The stock was sold at an average price of $224.81, for a total transaction of $960,666,409.97. Following the completion of the transaction, the insider owned 897,722,088 shares of the company's stock, valued at approximately $201,816,902,603.28. The trade was a 0.47% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Over the last ninety days, insiders sold 25,099,537 shares of company stock worth $5,674,394,548. 9.70% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Amazon.com

Large investors have recently made changes to their positions in the business. Vanguard Group Inc. increased its stake in Amazon.com by 1.1% during the first quarter. Vanguard Group Inc. now owns 832,274,556 shares of the e-commerce giant's stock valued at $158,348,557,000 after acquiring an additional 8,913,959 shares during the period. FMR LLC increased its stake in Amazon.com by 0.5% during 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 during the period. Geode Capital Management LLC increased its stake in Amazon.com by 2.5% during the fourth quarter. Geode Capital Management LLC now owns 204,930,426 shares of the e-commerce giant's stock valued at $44,837,256,000 after acquiring an additional 5,015,380 shares during the period. Price T Rowe Associates Inc. MD increased its stake in Amazon.com by 2.3% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 182,813,905 shares of the e-commerce giant's stock valued at $40,107,544,000 after acquiring an additional 4,087,933 shares during the period. Finally, Kingstone Capital Partners Texas LLC increased its stake in Amazon.com by 542,733.6% during the second quarter. Kingstone Capital Partners Texas LLC now owns 132,641,388 shares of the e-commerce giant's stock valued at $29,100,194,000 after acquiring an additional 132,616,953 shares during the period. Institutional investors and hedge funds 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.

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