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

Amazon.com (NASDAQ:AMZN) had its price objective increased by equities research analysts at Oppenheimer from $215.00 to $250.00 in a report issued on Friday,Benzinga reports. The brokerage presently has an "outperform" rating on the e-commerce giant's stock. Oppenheimer's price objective suggests a potential upside of 19.00% from the stock's current price.

Several other analysts have also issued reports on AMZN. Bank of America increased their target price on Amazon.com from $230.00 to $248.00 and gave the stock a "buy" rating in a report on Monday, June 2nd. Needham & Company LLC reiterated a "buy" rating and set a $220.00 price objective on shares of Amazon.com in a research note on Friday, May 2nd. Morgan Stanley decreased their target price on shares of Amazon.com from $280.00 to $245.00 and set an "overweight" rating on the stock in a report on Monday, April 14th. The Goldman Sachs Group cut their price target on shares of Amazon.com from $255.00 to $220.00 and set a "buy" rating for the company in a report on Tuesday, April 22nd. Finally, JMP Securities reiterated a "market outperform" rating on shares of Amazon.com in a research report on Tuesday, May 6th. Four analysts have rated the stock with a hold rating and forty-four have given a buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average target price of $245.53.

Amazon.com Stock Performance

Shares of NASDAQ AMZN traded down $2.44 during trading hours on Friday, reaching $210.08. 20,086,930 shares of the stock were exchanged, compared to its average volume of 42,078,387. The company has a debt-to-equity ratio of 0.17, a quick ratio of 0.84 and a current ratio of 1.05. The firm has a market capitalization of $2.23 trillion, a price-to-earnings ratio of 34.22, a P/E/G ratio of 1.61 and a beta of 1.33. Amazon.com has a 52 week low of $151.61 and a 52 week high of $242.52. The stock's fifty day simple moving average is $197.91 and its 200 day simple moving average is $209.34.

Amazon.com (NASDAQ:AMZN - Get Free Report) last issued its quarterly earnings results on Thursday, May 1st. The e-commerce giant reported $1.59 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.38 by $0.21. Amazon.com had a return on equity of 24.14% and a net margin of 10.14%. The business had revenue of $155.67 billion during the quarter, compared to analysts' expectations of $154.96 billion. During the same period in the previous year, the company posted $0.98 earnings per share. The firm's revenue for the quarter was up 8.6% compared to the same quarter last year. Sell-side analysts predict that Amazon.com will post 6.31 EPS for the current year.

Insider Buying and Selling at Amazon.com

In related news, Director Keith Brian Alexander sold 1,000 shares of the company's stock in a transaction dated Monday, May 12th. The shares were sold at an average price of $210.68, for a total value of $210,680.00. Following the sale, the director now owns 5,465 shares in the company, valued at $1,151,366.20. This represents a 15.47% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, CEO Douglas J. Herrington sold 2,500 shares of the stock in a transaction that occurred on Tuesday, April 1st. The stock was sold at an average price of $187.99, for a total value of $469,975.00. Following the completion of the sale, the chief executive officer now directly owns 509,474 shares of the company's stock, valued at approximately $95,776,017.26. This trade represents a 0.49% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 102,037 shares of company stock valued at $20,531,075. 9.70% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Amazon.com

Institutional investors and hedge funds have recently bought and sold shares of the stock. Momentous Wealth Management Inc. bought a new stake in Amazon.com during the fourth quarter worth $749,000. Segall Bryant & Hamill LLC grew its holdings in Amazon.com by 14.3% during the 4th 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 in the last quarter. Bearing Point Capital LLC purchased a new position in Amazon.com during the fourth quarter valued at approximately $12,014,000. Evergreen Capital Management LLC increased its holdings in shares of Amazon.com by 0.5% in the fourth quarter. Evergreen Capital Management LLC now owns 242,550 shares of the e-commerce giant's stock worth $53,213,000 after purchasing an additional 1,198 shares during the period. Finally, Arrowstreet Capital Limited Partnership increased its stake in Amazon.com by 173.6% in the 4th quarter. Arrowstreet Capital Limited Partnership now owns 3,461,573 shares of the e-commerce giant's stock worth $759,434,000 after acquiring an additional 2,196,353 shares during the last quarter. 72.20% of the stock is owned by hedge funds and other institutional investors.

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.

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