Amazon.com (NASDAQ:AMZN) Shares Up 1.1% on Analyst Upgrade

Amazon.com, Inc. (NASDAQ:AMZN) shares traded up 1.1% during trading on Monday after HSBC raised their price target on the stock from $256.00 to $260.00. HSBC currently has a buy rating on the stock. Amazon.com traded as high as $222.60 and last traded at $222.17. 41,688,653 shares traded hands during mid-day trading, a decline of 6% from the average session volume of 44,173,418 shares. The stock had previously closed at $219.78.

Other equities analysts have also recently issued reports about the company. Pivotal Research lifted their price target on Amazon.com from $260.00 to $285.00 and gave the stock a “buy” rating in a research note on Friday, August 1st. Wells Fargo & Company upgraded shares of Amazon.com from an “equal weight” rating to an “overweight” rating and raised their target price for the stock from $245.00 to $280.00 in a report on Wednesday, September 24th. Roth Capital set a $250.00 target price on shares of Amazon.com and gave the stock a “buy” rating in a research note on Tuesday, July 8th. Truist Financial increased their price target on shares of Amazon.com from $250.00 to $270.00 and gave the company a “buy” rating in a research report on Tuesday, September 16th. Finally, Evercore ISI reissued an “outperform” rating and issued a $280.00 price target on shares of Amazon.com in a report on Wednesday, August 13th. Two analysts have rated the stock with a Strong Buy rating, forty-seven have issued a Buy rating and one has given a Hold rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Buy” and a consensus price target of $264.13.

Insider Activity at Amazon.com

In related news, insider Jeffrey P. Bezos sold 4,273,237 shares of Amazon.com stock in a transaction that occurred on Friday, July 11th. The stock was sold at an average price of $224.81, for a total transaction of $960,666,409.97. Following the sale, the insider directly owned 897,722,088 shares in the company, valued at $201,816,902,603.28. The trade was a 0.47% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. In the last three months, insiders sold 21,770,485 shares of company stock valued at $4,938,795,968. Company insiders own 10.80% of the company’s stock.

Institutional Trading of Amazon.com

A number of hedge funds have recently modified their holdings of AMZN. Castlekeep Investment Advisors LLC purchased a new stake in shares of Amazon.com in the 4th quarter worth approximately $25,000. Carderock Capital Management Inc. purchased a new stake in shares of Amazon.com in the second quarter worth $27,000. Cooksen Wealth LLC purchased a new stake in shares of Amazon.com in the first quarter worth $36,000. Inlight Wealth Management LLC bought a new position in shares of Amazon.com during the first quarter valued at $40,000. Finally, Capitol Family Office Inc. purchased a new position in shares of Amazon.com in the 1st quarter worth about $42,000. Institutional investors own 72.20% of the company’s stock.

Amazon.com Trading Up 1.1%

The stock has a market cap of $2.37 trillion, a PE ratio of 33.87, a price-to-earnings-growth ratio of 1.47 and a beta of 1.31. The firm has a 50-day moving average price of $227.30 and a 200-day moving average price of $210.52. The company has a debt-to-equity ratio of 0.15, a quick ratio of 0.81 and a current ratio of 1.02.

Amazon.com (NASDAQ:AMZN) last released its quarterly earnings data on Thursday, July 31st. The e-commerce giant reported $1.68 earnings per share for the quarter, beating analysts’ consensus estimates 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 net margin of 10.54% and a return on equity of 23.84%. Amazon.com’s revenue was up 13.3% compared to the same quarter last year. During the same period last year, the business earned $1.26 EPS. Amazon.com has set its Q3 2025 guidance at EPS. As a group, equities analysts anticipate that Amazon.com, Inc. will post 6.31 EPS for the current fiscal year.

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.