Amazon.com (NASDAQ:AMZN) Price Target Raised to $265.00 at DA Davidson

Key Points

• DA Davidson raised their price target for Amazon.com from $230 to $265, suggesting a potential upside of 22.68% from the current stock price while maintaining a "buy" rating.
• A variety of analysts have updated their price targets for Amazon.com, with Barclays proposing a target of $275 and Canaccord Genuity suggesting $280, reflecting a generally positive outlook for the stock.
• Amazon.com reported $1.68 earnings per share for the last quarter, exceeding expectations and marking a 13.3% year-over-year revenue increase.

Amazon.com (NASDAQ:AMZN) had its price objective boosted by analysts at DA Davidson from $230.00 to $265.00 in a research report issued on Friday, Marketbeat reports. The firm presently has a "buy" rating on the e-commerce giant's stock. DA Davidson's price objective would indicate a potential upside of 23.40% from the company's current price.

AMZN has been the subject of several other reports. Needham & Company LLC reaffirmed a "buy" rating and issued a $265.00 price objective on shares of Amazon.com in a research note on Friday. Barclays raised their price objective on Amazon.com from $240.00 to $275.00 and gave the company an "overweight" rating in a research note on Friday. Benchmark reaffirmed a "buy" rating and issued a $260.00 price objective on shares of Amazon.com in a research note on Friday, May 2nd. Citizens Jmp started coverage on Amazon.com in a research report on Thursday, July 10th. They set a "strong-buy" rating for the company. Finally, Canaccord Genuity Group reissued a "buy" rating and set a $280.00 price target on shares of Amazon.com in a research report on Friday. Two research analysts have rated the stock with a hold rating, forty-seven have issued a buy rating and two have given a strong buy rating to the company's stock. According to MarketBeat.com, the company has a consensus rating of "Buy" and an average price target of $260.85.

Amazon.com Price Performance

Shares of AMZN traded down $19.36 during mid-day trading on Friday, hitting $214.75. The company's stock had a trading volume of 122,007,379 shares, compared to its average volume of 37,811,656. The company has a current ratio of 1.05, a quick ratio of 0.84 and a debt-to-equity ratio of 0.17. The firm has a 50-day simple moving average of $218.20 and a 200 day simple moving average of $209.21. The firm has a market capitalization of $2.28 trillion, a P/E ratio of 32.74, a P/E/G ratio of 1.74 and a beta of 1.31. Amazon.com has a 1-year low of $151.61 and a 1-year high of $242.52.

Amazon.com (NASDAQ:AMZN - Get Free Report) last posted its quarterly earnings results on Thursday, July 31st. The e-commerce giant reported $1.68 EPS for the quarter, beating the consensus estimate of $1.31 by $0.37. Amazon.com had a return on equity of 24.90% and a net margin of 10.54%. The business had revenue of $167.70 billion during the quarter, compared to analysts' expectations of $161.80 billion. During the same period last year, the firm earned $1.26 EPS. The company's quarterly revenue was up 13.3% compared to the same quarter last year. Analysts predict that Amazon.com will post 6.31 EPS for the current fiscal year.

Insider Buying and Selling

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 value of $960,666,409.97. Following the transaction, the insider owned 897,722,088 shares in the company, valued at approximately $201,816,902,603.28. The trade was a 0.47% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Over the last quarter, insiders sold 25,099,537 shares of company stock worth $5,674,394,548. Insiders own 9.70% of the company's stock.

Institutional Trading of Amazon.com

Hedge funds and other institutional investors have recently bought and sold shares of the company. Barlow Wealth Partners Inc. boosted its position in shares of Amazon.com by 0.4% during the second quarter. Barlow Wealth Partners Inc. now owns 12,565 shares of the e-commerce giant's stock worth $2,763,000 after buying an additional 44 shares during the period. Northern Capital Management Inc. lifted its position in Amazon.com by 0.6% in the fourth quarter. Northern Capital Management Inc. now owns 7,353 shares of the e-commerce giant's stock worth $1,613,000 after purchasing an additional 45 shares during the period. Ridgecrest Wealth Partners LLC lifted its position in shares of Amazon.com by 0.5% during the 2nd quarter. Ridgecrest Wealth Partners LLC now owns 8,399 shares of the e-commerce giant's stock valued at $1,843,000 after acquiring an additional 45 shares during the last quarter. Probity Advisors Inc. lifted its position in shares of Amazon.com by 0.4% during the 2nd quarter. Probity Advisors Inc. now owns 12,157 shares of the e-commerce giant's stock valued at $2,667,000 after acquiring an additional 45 shares during the last quarter. Finally, Balanced Wealth Group LLC lifted its position in shares of Amazon.com by 1.6% during the 4th quarter. Balanced Wealth Group LLC now owns 2,966 shares of the e-commerce giant's stock valued at $705,000 after acquiring an additional 48 shares during the last quarter. 72.20% of the stock is owned by 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.