Amazon.com (NASDAQ:AMZN) Price Target Raised to $270.00 at Truist Financial

Amazon.com (NASDAQ:AMZN) had its price target upped by Truist Financial from $250.00 to $270.00 in a research note issued to investors on Tuesday, Marketbeat Ratings reports. Truist Financial currently has a buy rating on the e-commerce giant’s stock.

A number of other brokerages have also recently issued reports on AMZN. Scotiabank lifted their price target on shares of Amazon.com from $250.00 to $275.00 and gave the company a “sector outperform” rating in a research report on Tuesday, July 22nd. Citigroup reiterated an “overweight” rating on shares of Amazon.com in a report on Wednesday, August 13th. Westpark Capital reiterated a “buy” rating and set a $280.00 target price on shares of Amazon.com in a report on Friday, August 1st. HSBC lifted their price objective on Amazon.com from $240.00 to $256.00 in a research note on Tuesday, July 22nd. Finally, Stifel Nicolaus lifted their price objective on Amazon.com from $245.00 to $262.00 and gave the company a “buy” rating in a research note on Tuesday, July 29th. Two research analysts have rated the stock with a Strong Buy rating, forty-six have issued a Buy rating and two have issued a Hold rating to the stock. According to MarketBeat, the stock presently has an average rating of “Buy” and an average target price of $263.30.

Amazon.com Trading Up 1.1%

AMZN opened at $234.05 on Tuesday. The stock has a market cap of $2.50 trillion, a PE ratio of 35.68, a PEG ratio of 1.55 and a beta of 1.30. The company has a quick ratio of 0.81, a current ratio of 1.02 and a debt-to-equity ratio of 0.15. The business has a 50 day moving average of $227.32 and a 200-day moving average of $208.89. Amazon.com has a 52 week low of $161.38 and a 52 week high of $242.52.

Amazon.com (NASDAQ:AMZN) last announced its quarterly earnings data 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. The business had revenue of $167.70 billion during the quarter, compared to analyst estimates of $161.80 billion. Amazon.com had a return on equity of 23.84% and a net margin of 10.54%.The company’s revenue for the quarter was up 13.3% on a year-over-year basis. During the same quarter last year, the firm posted $1.26 earnings per share. Amazon.com has set its Q3 2025 guidance at EPS. Equities research analysts predict that Amazon.com will post 6.31 earnings per share for the current fiscal year.

Insider Buying and Selling

In other news, VP Shelley Reynolds sold 2,715 shares of the stock in a transaction on Thursday, August 21st. The shares were sold at an average price of $221.64, for a total value of $601,752.60. Following the completion of the sale, the vice president directly owned 119,780 shares of the company’s stock, valued at $26,548,039.20. This represents a 2.22% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CFO Brian T. Olsavsky sold 17,750 shares of the stock in a transaction on Thursday, August 21st. The stock was sold at an average price of $222.74, for a total transaction of $3,953,635.00. Following the completion of the sale, the chief financial officer directly owned 49,000 shares of the company’s stock, valued at approximately $10,914,260. This trade represents a 26.59% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 25,097,911 shares of company stock worth $5,676,032,574 in the last ninety days. Corporate insiders own 10.80% of the company’s stock.

Institutional Investors Weigh In On Amazon.com

A number of institutional investors have recently bought and sold shares of the business. Castlekeep Investment Advisors LLC purchased a new stake in Amazon.com during the 4th quarter valued at approximately $25,000. Carderock Capital Management Inc. purchased a new position in Amazon.com during the second quarter valued at $27,000. Cooksen Wealth LLC purchased a new position in Amazon.com during the first quarter valued at $36,000. Inlight Wealth Management LLC purchased a new position in Amazon.com during the first quarter valued at $40,000. Finally, Capitol Family Office Inc. purchased a new position in Amazon.com during the first quarter valued at $42,000. Hedge funds and other institutional investors 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.