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

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 price objective raised by Susquehanna from $225.00 to $260.00 in a research note issued to investors on Friday morning, MarketBeat.com reports. They currently have a positive rating on the e-commerce giant's stock.

A number of other equities analysts have also recently commented on AMZN. Evercore ISI cut their target price on shares of Amazon.com from $270.00 to $260.00 and set an "outperform" rating on the stock in a report on Friday, May 2nd. Citigroup boosted their price objective on shares of Amazon.com from $225.00 to $265.00 and gave the company a "buy" rating in a research note on Tuesday, July 22nd. DA Davidson dropped their price objective on shares of Amazon.com from $280.00 to $230.00 and set a "buy" rating on the stock in a research note on Monday, April 14th. Scotiabank boosted their price objective on shares of Amazon.com from $250.00 to $275.00 and gave the company a "sector outperform" rating in a research note on Tuesday, July 22nd. Finally, Raymond James Financial reissued an "outperform" rating and issued a $195.00 price objective (down from $275.00) on shares of Amazon.com in a research note on Monday, April 21st. One research analyst has rated the stock with a hold rating, forty-seven have issued a buy rating and two have issued a strong buy rating to the company. According to MarketBeat.com, Amazon.com presently has an average rating of "Buy" and a consensus target price of $262.45.

Amazon.com Stock Performance

Shares of Amazon.com stock traded down $3.10 during trading on Friday, reaching $211.65. The company's stock had a trading volume of 77,647,898 shares, compared to its average volume of 45,070,262. The company has a 50-day moving average price of $218.20 and a two-hundred day moving average price of $209.03. The firm has a market cap of $2.25 trillion, a PE ratio of 32.26, a P/E/G ratio of 1.57 and a beta of 1.31. Amazon.com has a fifty-two week low of $151.61 and a fifty-two week high of $242.52. The company has a current ratio of 1.02, a quick ratio of 0.81 and a debt-to-equity ratio of 0.15.

Amazon.com (NASDAQ:AMZN - Get Free Report) last announced its earnings results on Thursday, July 31st. The e-commerce giant reported $1.68 EPS for the quarter, beating analysts' consensus estimates of $1.31 by $0.37. The business had revenue of $167.70 billion for the quarter, compared to analysts' expectations of $161.80 billion. Amazon.com had a net margin of 10.54% and a return on equity of 23.84%. The company's quarterly revenue was up 13.3% on a year-over-year basis. During the same period in the previous year, the company posted $1.26 EPS. On average, analysts forecast that Amazon.com will post 6.31 EPS for the current year.

Insider Transactions at Amazon.com

In related news, insider Jeffrey P. Bezos sold 2,643,142 shares of the stock in a transaction that occurred on Thursday, July 24th. The shares were sold at an average price of $230.43, for a total transaction of $609,059,211.06. Following the completion of the sale, the insider owned 883,779,901 shares of the company's stock, valued at approximately $203,649,402,587.43. This represents a 0.30% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Over the last three months, insiders have sold 25,099,537 shares of company stock worth $5,674,394,548. 9.70% of the stock is currently owned by corporate insiders.

Institutional Trading of Amazon.com

Several large investors have recently bought and sold shares of AMZN. Western Wealth Management LLC grew its position in shares of Amazon.com by 0.9% during the first quarter. Western Wealth Management LLC now owns 140,122 shares of the e-commerce giant's stock worth $26,660,000 after buying an additional 1,297 shares in the last quarter. Momentous Wealth Management Inc. bought a new stake in Amazon.com in the fourth quarter valued at $749,000. Barnes Dennig Private Wealth Management LLC bought a new stake in Amazon.com in the first quarter valued at $514,000. Segall Bryant & Hamill LLC lifted its stake in Amazon.com by 14.3% in the fourth quarter. Segall Bryant & Hamill LLC now owns 317,114 shares of the e-commerce giant's stock valued at $69,572,000 after buying an additional 39,696 shares during the last quarter. Finally, Bearing Point Capital LLC bought a new stake in shares of Amazon.com during the fourth quarter valued at about $12,014,000. 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.