HSBC Issues Positive Forecast for Amazon.com (NASDAQ:AMZN) Stock Price

Amazon.com (NASDAQ:AMZN) had its price objective hoisted by HSBC from $240.00 to $256.00 in a research report released on Tuesday morning,BayStreet.CA reports.

A number of other equities analysts have also recently weighed in on AMZN. Rosenblatt Securities lifted their price target on Amazon.com from $287.00 to $288.00 and gave the stock a "buy" rating in a research note on Friday, May 2nd. Robert W. Baird lifted their target price on Amazon.com from $220.00 to $244.00 and gave the company an "outperform" rating in a research note on Monday. Wall Street Zen cut Amazon.com from a "buy" rating to a "hold" rating in a research note on Monday, May 5th. Deutsche Bank Aktiengesellschaft reduced their price target on Amazon.com from $287.00 to $206.00 and set a "buy" rating for the company in a report on Monday, April 14th. Finally, Citigroup lifted their price target on Amazon.com from $225.00 to $265.00 and gave the company a "buy" rating in a report on Tuesday. Three equities research analysts have rated the stock with a hold rating, forty-five have given a buy rating and two have assigned a strong buy rating to the company's stock. Based on data from MarketBeat.com, Amazon.com presently has a consensus rating of "Moderate Buy" and a consensus price target of $254.33.

Amazon.com Stock Up 1.4%

Shares of NASDAQ:AMZN traded up $3.29 during trading on Tuesday, hitting $231.58. 14,797,059 shares of the company were exchanged, compared to its average volume of 44,045,938. The firm's 50 day moving average price is $214.60 and its 200-day moving average price is $208.81. Amazon.com has a 12-month low of $151.61 and a 12-month high of $242.52. The stock has a market capitalization of $2.46 trillion, a P/E ratio of 37.76, a PEG ratio of 1.70 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.

Amazon.com (NASDAQ:AMZN - Get Free Report) last announced its quarterly earnings data on Thursday, May 1st. The e-commerce giant reported $1.59 earnings per share for the quarter, topping the consensus estimate of $1.38 by $0.21. Amazon.com had a net margin of 10.14% and a return on equity of 24.14%. The business had revenue of $155.67 billion for the quarter, compared to analyst estimates of $154.96 billion. During the same period in the prior year, the firm posted $0.98 EPS. The company's revenue was up 8.6% on a year-over-year basis. On average, research analysts predict that Amazon.com will post 6.31 earnings per share for the current fiscal year.

Insider Transactions at Amazon.com

In related news, insider Jeffrey P. Bezos sold 4,273,237 shares of the firm's stock in a transaction that occurred on Friday, July 11th. The shares were sold at an average price of $224.81, for a total transaction of $960,666,409.97. Following the transaction, the insider owned 897,722,088 shares in the company, valued at $201,816,902,603.28. This trade represents a 0.47% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders have sold a total of 20,947,939 shares of company stock valued at $4,720,588,785 over the last quarter. Company insiders own 9.70% of the company's stock.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of AMZN. Tallon Kerry Patrick bought a new stake in shares of Amazon.com during the fourth quarter worth approximately $800,000. LaFleur & Godfrey LLC raised its stake in Amazon.com by 1.8% in the 4th quarter. LaFleur & Godfrey LLC now owns 49,407 shares of the e-commerce giant's stock worth $10,839,000 after purchasing an additional 860 shares in the last quarter. Brighton Jones LLC raised its position in shares of Amazon.com by 10.9% in the 4th quarter. Brighton Jones LLC now owns 4,036,091 shares of the e-commerce giant's stock valued at $885,478,000 after buying an additional 397,007 shares in the last quarter. Union Bancaire Privee UBP SA bought a new stake in shares of Amazon.com during the 4th quarter valued at approximately $301,650,000. Finally, Revolve Wealth Partners LLC grew its holdings in Amazon.com by 4.1% during the 4th quarter. Revolve Wealth Partners LLC now owns 25,045 shares of the e-commerce giant's stock worth $5,495,000 after acquiring an additional 986 shares during the last quarter. Institutional investors own 72.20% of the company's stock.

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.