Amazon.com (NASDAQ:AMZN) Price Target Raised to $280.00

Amazon.com (NASDAQ:AMZN) had its target price hoisted by Maxim Group from $272.00 to $280.00 in a research note published on Friday,MarketScreener reports. They currently have a buy rating on the e-commerce giant’s stock.

A number of other brokerages have also recently commented on AMZN. Wall Street Zen raised shares of Amazon.com from a “hold” rating to a “buy” rating in a report on Saturday, August 2nd. Pivotal Research upped their target price on shares of Amazon.com from $285.00 to $300.00 and gave the company a “buy” rating in a report on Friday. Cantor Fitzgerald upped their target price on shares of Amazon.com from $260.00 to $280.00 and gave the company an “overweight” rating in a report on Friday, August 1st. Weiss Ratings cut shares of Amazon.com from a “buy (b-)” rating to a “hold (c+)” rating in a report on Friday, October 24th. Finally, HSBC upped their target price on shares of Amazon.com from $256.00 to $260.00 and gave the company a “buy” rating in a report on Monday, September 29th. Three research analysts have rated the stock with a Strong Buy rating, forty-nine have assigned a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Buy” and a consensus target price of $289.88.

Amazon.com Stock Up 9.6%

AMZN opened at $244.22 on Friday. 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 firm has a 50 day moving average price of $225.49 and a 200-day moving average price of $216.37. Amazon.com has a twelve month low of $161.38 and a twelve month high of $250.50. The stock has a market capitalization of $2.60 trillion, a price-to-earnings ratio of 37.23, a PEG ratio of 1.52 and a beta of 1.28.

Amazon.com (NASDAQ:AMZN) last released its quarterly earnings data on Thursday, October 30th. The e-commerce giant reported $1.95 earnings per share for the quarter, beating the consensus estimate of $1.57 by $0.38. Amazon.com had a net margin of 10.54% and a return on equity of 23.84%. The firm had revenue of $180.17 billion during the quarter, compared to analysts’ expectations of $177.53 billion. During the same period in the previous year, the company earned $1.43 earnings per share. The firm’s quarterly revenue was up 13.4% on a year-over-year basis. Amazon.com has set its Q4 2025 guidance at EPS. Equities research analysts forecast that Amazon.com will post 6.31 earnings per share for the current year.

Insider Activity

In related news, CEO Matthew S. Garman sold 17,785 shares of the company’s stock in a transaction on 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 completion of the transaction, the chief executive officer owned 3,138 shares in the company, valued at approximately $695,286.66. This represents a 85.00% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, SVP David Zapolsky sold 13,570 shares of the company’s stock in a transaction on Friday, August 22nd. The stock was sold at an average price of $222.76, for a total transaction of $3,022,853.20. Following the transaction, the senior vice president owned 44,110 shares of the company’s stock, valued at approximately $9,825,943.60. This represents a 23.53% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold 95,411 shares of company stock valued at $21,222,702 in the last quarter. Company insiders own 9.70% of the company’s stock.

Hedge Funds Weigh In On Amazon.com

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. First Command Advisory Services Inc. lifted its position in Amazon.com by 17.0% during the third quarter. First Command Advisory Services Inc. now owns 23,350 shares of the e-commerce giant’s stock valued at $5,127,000 after purchasing an additional 3,389 shares during the last quarter. Riverwater Partners LLC lifted its position in Amazon.com by 26.4% during the third quarter. Riverwater Partners LLC now owns 6,956 shares of the e-commerce giant’s stock valued at $1,527,000 after purchasing an additional 1,455 shares during the last quarter. Tandem Financial LLC lifted its position in Amazon.com by 15.1% during the third quarter. Tandem Financial LLC now owns 2,132 shares of the e-commerce giant’s stock valued at $468,000 after purchasing an additional 280 shares during the last quarter. Chilton Capital Management LLC lifted its position in Amazon.com by 3.5% during the third quarter. Chilton Capital Management LLC now owns 527,092 shares of the e-commerce giant’s stock valued at $115,734,000 after purchasing an additional 17,730 shares during the last quarter. Finally, Alta Advisers Ltd lifted its position in Amazon.com by 0.6% during the third quarter. Alta Advisers Ltd now owns 48,577 shares of the e-commerce giant’s stock valued at $10,666,000 after purchasing an additional 290 shares during the last quarter. 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.