Amazon.com (NASDAQ:AMZN) Price Target Raised to $275.00 at The Goldman Sachs Group

Amazon.com (NASDAQ:AMZN) had its target price hoisted by The Goldman Sachs Group from $240.00 to $275.00 in a research note released on Friday morning, MarketBeat Ratings reports. The brokerage currently has a buy rating on the e-commerce giant’s stock.

Other equities analysts have also issued research reports about the stock. Oppenheimer decreased their price target on shares of Amazon.com from $250.00 to $245.00 and set an “outperform” rating on the stock in a report on Friday, August 1st. Wall Street Zen raised Amazon.com from a “hold” rating to a “buy” rating in a research note on Saturday, August 2nd. Susquehanna lifted their price target on Amazon.com from $225.00 to $260.00 and gave the stock a “positive” rating in a research note on Friday, August 1st. Sanford C. Bernstein set a $235.00 price objective on Amazon.com and gave the stock an “outperform” rating in a report on Tuesday, July 1st. Finally, Needham & Company LLC reissued a “buy” rating and set a $265.00 price objective on shares of Amazon.com in a report on Friday, August 1st. Three investment analysts have rated the stock with a Strong Buy rating, forty-seven have given a Buy rating and one has assigned a Hold rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Buy” and a consensus target price of $266.26.

Amazon.com Price Performance

Amazon.com stock opened at $219.51 on Friday. The stock has a market cap of $2.34 trillion, a price-to-earnings ratio of 33.46, a PEG ratio of 1.49 and a beta of 1.28. 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 simple moving average of $226.55 and a 200 day simple moving average of $211.02. Amazon.com has a 52 week low of $161.38 and a 52 week high of $242.52.

Amazon.com (NASDAQ:AMZN) last issued its quarterly earnings results on Thursday, July 31st. The e-commerce giant reported $1.68 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.31 by $0.37. The firm had revenue of $167.70 billion during the quarter, compared to the consensus estimate 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 company posted $1.26 EPS. Amazon.com has set its Q3 2025 guidance at EPS. On average, research analysts forecast that Amazon.com will post 6.31 earnings per share for the current fiscal year.

Insiders Place Their Bets

In related news, SVP David Zapolsky sold 13,570 shares of the firm’s stock in a transaction on Friday, August 22nd. The stock was sold at an average price of $222.76, for a total value of $3,022,853.20. Following the completion of the sale, the senior vice president owned 44,110 shares of the company’s stock, valued at $9,825,943.60. This trade represents a 23.53% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, CEO Douglas J. Herrington sold 2,500 shares of Amazon.com stock in a transaction on Wednesday, October 1st. The shares were sold at an average price of $217.10, for a total transaction of $542,750.00. Following the completion of the sale, the chief executive officer owned 515,507 shares in the company, valued at approximately $111,916,569.70. This trade represents a 0.48% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 20,845,122 shares of company stock worth $4,731,747,929. Insiders own 9.70% of the company’s stock.

Institutional Investors Weigh In On Amazon.com

Large investors have recently modified their holdings of the stock. Carderock Capital Management Inc. purchased a new position in shares of Amazon.com in the 2nd quarter valued at approximately $27,000. Cooksen Wealth LLC bought a new stake in shares of Amazon.com during the 1st quarter valued at $36,000. Inlight Wealth Management LLC bought a new stake in shares of Amazon.com during the 1st quarter valued at $40,000. Capitol Family Office Inc. purchased a new stake in shares of Amazon.com in the 1st quarter worth about $42,000. Finally, Maryland Capital Advisors Inc. increased its stake in shares of Amazon.com by 81.9% in the 2nd quarter. Maryland Capital Advisors Inc. now owns 211 shares of the e-commerce giant’s stock worth $46,000 after acquiring an additional 95 shares in 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.