CIBC Boosts Amazon.com (NASDAQ:AMZN) Price Target to $315.00

Amazon.com (NASDAQ:AMZN) had its target price hoisted by stock analysts at CIBC to $315.00 in a note issued to investors on Monday,MarketScreener reports. CIBC’s price objective would suggest a potential upside of 41.87% from the stock’s current price.

A number of other brokerages have also weighed in on AMZN. Canaccord Genuity Group restated a “buy” rating and set a $280.00 target price on shares of Amazon.com in a research report on Friday, August 1st. Wedbush restated an “outperform” rating and set a $250.00 target price on shares of Amazon.com in a research report on Friday, September 19th. Citizens Jmp started coverage on shares of Amazon.com in a research report on Thursday, July 10th. They set a “strong-buy” rating for the company. Mizuho set a $300.00 price objective on shares of Amazon.com and gave the company an “outperform” rating in a research report on Monday, September 29th. Finally, Cantor Fitzgerald increased their price objective on shares of Amazon.com from $260.00 to $280.00 and gave the company an “overweight” rating in a research report on Friday, August 1st. Three research analysts have rated the stock with a Strong Buy rating, forty-seven have assigned a Buy rating and one has given a Hold rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Buy” and an average price target of $267.27.

Amazon.com Stock Up 2.6%

Shares of AMZN stock opened at $222.03 on Monday. Amazon.com has a 12 month low of $161.38 and a 12 month high of $242.52. The stock has a market cap of $2.37 trillion, a P/E ratio of 33.85, a P/E/G ratio of 1.43 and a beta of 1.28. The company has a current ratio of 1.02, a quick ratio of 0.81 and a debt-to-equity ratio of 0.15. The company has a 50 day simple moving average of $225.57 and a two-hundred day simple moving average of $213.26.

Amazon.com (NASDAQ:AMZN) last announced its quarterly earnings data on Thursday, July 31st. The e-commerce giant reported $1.68 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.31 by $0.37. The firm had revenue of $167.70 billion during the quarter, compared to analysts’ expectations of $161.80 billion. Amazon.com had a net margin of 10.54% and a return on equity of 23.84%. The company’s revenue for the quarter was up 13.3% compared to the same quarter last year. During the same period in the prior year, the company posted $1.26 earnings per share. Amazon.com has set its Q3 2025 guidance at EPS. On average, research analysts expect that Amazon.com will post 6.31 earnings per share for the current year.

Insider Buying and Selling

In related news, insider Jeffrey P. Bezos sold 2,643,142 shares of the firm’s stock in a transaction dated Thursday, July 24th. The shares were sold at an average price of $230.43, for a total value of $609,059,211.06. Following the transaction, the insider owned 883,779,901 shares of the company’s stock, valued at $203,649,402,587.43. This trade represents a 0.30% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CEO Matthew S. Garman sold 17,785 shares of the firm’s stock in a transaction dated Thursday, August 21st. The shares were sold at an average price of $221.57, for a total transaction of $3,940,622.45. Following the transaction, the chief executive officer directly owned 3,138 shares in the company, valued at $695,286.66. This trade represents a 85.00% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 2,741,053 shares of company stock worth $630,824,413 over the last ninety days. 10.80% of the stock is owned by insiders.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the company. Carderock Capital Management Inc. purchased a new position in shares of Amazon.com in the 2nd quarter worth approximately $27,000. Cooksen Wealth LLC purchased a new stake in Amazon.com during the 1st quarter worth approximately $36,000. Inlight Wealth Management LLC purchased a new stake in Amazon.com during the 1st quarter worth approximately $40,000. Maryland Capital Advisors Inc. grew its position in Amazon.com by 81.9% during the 2nd quarter. Maryland Capital Advisors Inc. now owns 211 shares of the e-commerce giant’s stock worth $46,000 after purchasing an additional 95 shares during the last quarter. Finally, Capitol Family Office Inc. purchased a new stake in Amazon.com during the 1st quarter worth approximately $42,000. Hedge funds and other 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.