Susquehanna Bancshares Analysts Give Amazon.com (NASDAQ:AMZN) a $2,200.00 Price Target

Susquehanna Bancshares set a $2,200.00 price target on Amazon.com (NASDAQ:AMZN) in a research report released on Friday morning, TipRanks reports. The brokerage currently has a buy rating on the e-commerce giant’s stock.

Other equities research analysts also recently issued reports about the stock. DZ Bank reissued a buy rating on shares of Amazon.com in a research report on Friday. Goldman Sachs Group reissued a buy rating on shares of Amazon.com in a research report on Friday. Monness Crespi & Hardt set a $2,300.00 price objective on shares of Amazon.com and gave the company a buy rating in a research report on Friday, October 18th. Royal Bank of Canada dropped their price objective on shares of Amazon.com to $2,500.00 and set an outperform rating on the stock in a research report on Friday. Finally, Cowen set a $2,400.00 price objective on shares of Amazon.com and gave the company a buy rating in a research report on Friday. One analyst has rated the stock with a sell rating, three have assigned a hold rating and forty-one have issued a buy rating to the company. The company presently has a consensus rating of Buy and a consensus target price of $2,189.97.

Shares of NASDAQ:AMZN traded up $15.75 during trading hours on Friday, reaching $1,777.08. The stock had a trading volume of 3,703,202 shares, compared to its average volume of 4,085,896. Amazon.com has a 1 year low of $1,307.00 and a 1 year high of $2,035.80. The firm’s 50 day moving average is $1,771.54 and its 200-day moving average is $1,844.70. The company has a debt-to-equity ratio of 0.44, a quick ratio of 0.84 and a current ratio of 1.10. The stock has a market capitalization of $880.87 billion, a price-to-earnings ratio of 88.24, a P/E/G ratio of 2.30 and a beta of 1.54.

Amazon.com (NASDAQ:AMZN) last announced its quarterly earnings data on Thursday, October 24th. The e-commerce giant reported $4.23 EPS for the quarter, missing the Zacks’ consensus estimate of $4.46 by ($0.23). Amazon.com had a net margin of 4.27% and a return on equity of 23.47%. The firm had revenue of $69.98 billion during the quarter, compared to analysts’ expectations of $68.72 billion. During the same period in the prior year, the company posted $5.75 earnings per share. The company’s revenue for the quarter was up 23.7% on a year-over-year basis. Analysts forecast that Amazon.com will post 23.53 EPS for the current year.

In related news, CFO Brian T. Olsavsky sold 1,765 shares of the stock in a transaction on Thursday, August 15th. The shares were sold at an average price of $1,783.00, for a total transaction of $3,146,995.00. Following the completion of the sale, the chief financial officer now owns 2,480 shares in the company, valued at approximately $4,421,840. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Indra K. Nooyi purchased 100 shares of the firm’s stock in a transaction that occurred on Friday, October 4th. The shares were acquired at an average price of $1,726.06 per share, with a total value of $172,606.00. Following the purchase, the director now owns 250 shares in the company, valued at $431,515. The disclosure for this purchase can be found here. In the last 90 days, insiders sold 22,443 shares of company stock valued at $40,205,835. Company insiders own 16.10% of the company’s stock.

A number of large investors have recently modified their holdings of AMZN. Bath Savings Trust Co raised its position in Amazon.com by 7.3% during the 2nd quarter. Bath Savings Trust Co now owns 4,076 shares of the e-commerce giant’s stock worth $7,718,000 after buying an additional 276 shares during the last quarter. Advisory Services Network LLC raised its position in Amazon.com by 25.1% during the 2nd quarter. Advisory Services Network LLC now owns 10,767 shares of the e-commerce giant’s stock worth $20,388,000 after buying an additional 2,159 shares during the last quarter. LVM Capital Management Ltd. MI raised its position in Amazon.com by 9.7% during the 2nd quarter. LVM Capital Management Ltd. MI now owns 227 shares of the e-commerce giant’s stock worth $430,000 after buying an additional 20 shares during the last quarter. Private Asset Management Inc. raised its position in Amazon.com by 1.6% during the 2nd quarter. Private Asset Management Inc. now owns 5,716 shares of the e-commerce giant’s stock worth $10,824,000 after buying an additional 92 shares during the last quarter. Finally, South Texas Money Management Ltd. raised its position in Amazon.com by 5.5% during the 2nd quarter. South Texas Money Management Ltd. now owns 24,766 shares of the e-commerce giant’s stock worth $46,898,000 after buying an additional 1,287 shares during the last quarter. Hedge funds and other institutional investors own 55.73% of the company’s stock.

Amazon.com Company Profile

Amazon.com, Inc engages in the retail sale of consumer products and subscriptions in North America and internationally. The company operates through three segments: North America, International, and Amazon Web Services (AWS) segments. It sells merchandise and content purchased for resale from third-party sellers through physical stores and online stores.

See Also: Penny Stocks, Risk and Reward Factors

Analyst Recommendations for Amazon.com (NASDAQ:AMZN)

Receive News & Ratings for Amazon.com Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Amazon.com and related companies with MarketBeat.com's FREE daily email newsletter.