Amazon.com (NASDAQ:AMZN) Price Target Raised to $295.00

Amazon.com (NASDAQ:AMZN) had its price objective upped by Benchmark from $260.00 to $295.00 in a research note published on Friday morning, MarketBeat reports. They currently have a buy rating on the e-commerce giant’s stock.

Other equities analysts also recently issued research reports about the company. Truist Financial boosted their target price on Amazon.com from $250.00 to $270.00 and gave the company a “buy” rating in a research report on Tuesday, September 16th. Wells Fargo & Company raised Amazon.com from an “equal weight” rating to an “overweight” rating and boosted their target price for the company from $245.00 to $280.00 in a research report on Wednesday, September 24th. Pivotal Research boosted their target price on Amazon.com from $285.00 to $300.00 and gave the company a “buy” rating in a research report on Friday. Rosenblatt Securities boosted their target price on Amazon.com from $298.00 to $305.00 and gave the company a “buy” rating in a research report on Friday. Finally, Susquehanna boosted their target price on Amazon.com from $225.00 to $260.00 and gave the company a “positive” rating in a research report on Friday, August 1st. Three equities research 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. According to data from MarketBeat, Amazon.com currently has an average rating of “Buy” and a consensus price target of $289.88.

Amazon.com Stock Performance

NASDAQ:AMZN opened at $244.22 on Friday. The company has a debt-to-equity ratio of 0.15, a current ratio of 1.02 and a quick ratio of 0.81. Amazon.com has a 1 year low of $161.38 and a 1 year high of $250.50. The stock’s 50 day simple moving average is $225.49 and its two-hundred day simple moving average is $216.37. The company has a market cap 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 (EPS) for the quarter, topping analysts’ consensus estimates of $1.57 by $0.38. The business had revenue of $180.17 billion for the quarter, compared to the consensus estimate of $177.53 billion. Amazon.com had a return on equity of 23.84% and a net margin of 10.54%.The company’s revenue was up 13.4% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.43 EPS. Amazon.com has set its Q4 2025 guidance at EPS. As a group, equities analysts anticipate that Amazon.com will post 6.31 earnings per share for the current fiscal year.

Insider Buying and Selling

In other Amazon.com news, CFO Brian T. Olsavsky sold 17,750 shares of the company’s stock in a transaction on Thursday, August 21st. The stock was sold at an average price of $222.74, for a total value of $3,953,635.00. Following the transaction, the chief financial officer owned 49,000 shares of the company’s stock, valued at $10,914,260. This represents a 26.59% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, SVP David Zapolsky sold 13,570 shares of the company’s stock in a transaction on Friday, August 22nd. The shares were 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 directly owned 44,110 shares in the company, valued at $9,825,943.60. This trade represents a 23.53% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 95,411 shares of company stock worth $21,222,702 over the last ninety days. Corporate insiders own 9.70% of the company’s stock.

Institutional Investors Weigh In On Amazon.com

Several hedge funds have recently made changes to their positions in the company. Vanguard Group Inc. lifted its holdings in shares of Amazon.com by 2.1% in the 2nd 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. State Street Corp lifted its holdings in shares of Amazon.com by 1.4% in the 2nd quarter. State Street Corp now owns 374,097,285 shares of the e-commerce giant’s stock worth $82,073,203,000 after buying an additional 5,163,208 shares during the period. Geode Capital Management LLC lifted its holdings in shares of Amazon.com by 1.7% in the 2nd quarter. Geode Capital Management LLC now owns 216,717,657 shares of the e-commerce giant’s stock worth $47,332,625,000 after buying an additional 3,721,658 shares during the period. Kingstone Capital Partners Texas LLC lifted its holdings 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 worth $29,100,194,000 after buying an additional 132,616,953 shares during the period. Finally, Norges Bank purchased a new stake in shares of Amazon.com in the 2nd quarter worth $27,438,011,000. 72.20% of the stock is currently owned by hedge funds and other institutional investors.

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.