Amazon.com (NASDAQ:AMZN) Price Target Raised to $290.00

Amazon.com (NASDAQ:AMZN) had its price objective boosted by Oppenheimer from $245.00 to $290.00 in a research note released on Friday morning, Marketbeat.com reports. The brokerage currently has an outperform rating on the e-commerce giant’s stock.

AMZN has been the subject of a number of other reports. Morgan Stanley restated an “overweight” rating and set a $315.00 price objective (up from $300.00) on shares of Amazon.com in a research note on Friday. Telsey Advisory Group upped their price objective on Amazon.com from $265.00 to $300.00 and gave the stock an “outperform” rating in a research note on Friday. Piper Sandler set a $300.00 price objective on Amazon.com and gave the stock an “overweight” rating in a research note on Friday. JMP Securities set a $300.00 price objective on Amazon.com in a research note on Friday. Finally, Cantor Fitzgerald upped their price objective on Amazon.com from $260.00 to $280.00 and gave the stock an “overweight” rating in a research note on Friday, August 1st. Three investment analysts have rated the stock with a Strong Buy rating, forty-nine have issued a Buy rating, one has given a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, Amazon.com presently has an average rating of “Buy” and an average target price of $289.88.

Amazon.com Stock Performance

AMZN stock opened at $244.22 on Friday. 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 firm has a market cap of $2.60 trillion, a P/E ratio of 37.23, a P/E/G ratio of 1.52 and a beta of 1.28. Amazon.com has a 12-month low of $161.38 and a 12-month high of $250.50. The stock’s 50 day simple moving average is $225.49 and its 200 day simple moving average is $216.37.

Amazon.com (NASDAQ:AMZN) last posted its quarterly earnings results on Thursday, October 30th. The e-commerce giant reported $1.95 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.57 by $0.38. The business had revenue of $180.17 billion for the quarter, compared to analyst estimates of $177.53 billion. Amazon.com had a return on equity of 23.84% and a net margin of 10.54%.The business’s revenue was up 13.4% compared to the same quarter last year. During the same period in the prior year, the company posted $1.43 EPS. Amazon.com has set its Q4 2025 guidance at EPS. As a group, equities research analysts predict that Amazon.com will post 6.31 EPS for the current year.

Insider Buying and Selling

In other news, SVP David Zapolsky sold 13,570 shares of the 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 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 ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, CEO Douglas J. Herrington sold 6,835 shares of Amazon.com stock in a transaction dated Thursday, August 21st. The stock was sold at an average price of $221.62, for a total value of $1,514,772.70. Following the transaction, the chief executive officer directly owned 520,507 shares in the company, valued at approximately $115,354,761.34. The trade was a 1.30% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last 90 days, insiders have sold 95,411 shares of company stock valued at $21,222,702. Company insiders own 9.70% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of AMZN. Kingstone Capital Partners Texas LLC boosted its position in shares of Amazon.com by 542,733.6% in the 2nd quarter. Kingstone Capital Partners Texas LLC now owns 132,641,388 shares of the e-commerce giant’s stock valued at $29,100,194,000 after purchasing an additional 132,616,953 shares during the period. Norges Bank acquired a new position in shares of Amazon.com in the 2nd quarter valued at $27,438,011,000. Nuveen LLC acquired a new position in shares of Amazon.com in the 1st quarter valued at $11,674,091,000. Vanguard Group Inc. boosted its holdings in shares of Amazon.com by 2.1% in the second quarter. Vanguard Group Inc. now owns 849,721,601 shares of the e-commerce giant’s stock worth $186,420,422,000 after buying an additional 17,447,045 shares during the period. Finally, Laurel Wealth Advisors LLC boosted its holdings in shares of Amazon.com by 22,085.8% in the second quarter. Laurel Wealth Advisors LLC now owns 12,177,557 shares of the e-commerce giant’s stock worth $2,671,634,000 after buying an additional 12,122,668 shares during the period. 72.20% of the stock is owned by institutional investors and hedge funds.

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.