Amazon.com (NASDAQ:AMZN) Price Target Raised to $300.00

Amazon.com (NASDAQ:AMZN) had its price objective upped by TD Cowen from $255.00 to $300.00 in a report published on Friday, Marketbeat reports. The firm currently has a buy rating on the e-commerce giant’s stock.

Several other equities research analysts have also recently weighed in on the stock. Arete upped their price objective on shares of Amazon.com from $248.00 to $253.00 and gave the stock a “buy” rating in a research report on Monday, October 27th. Morgan Stanley reaffirmed an “overweight” rating and set a $315.00 price objective (up previously from $300.00) on shares of Amazon.com in a research report on Friday. Mizuho set a $300.00 target price on shares of Amazon.com and gave the stock an “outperform” rating in a report on Monday, September 29th. Bank of America lifted their price target on shares of Amazon.com from $272.00 to $303.00 and gave the company a “buy” rating in a report on Friday. Finally, Telsey Advisory Group upped their price objective on shares of Amazon.com from $265.00 to $300.00 and gave the stock an “outperform” rating in a research report on Friday. Three analysts have rated the stock with a Strong Buy rating, forty-nine have assigned a Buy rating, one has given a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Buy” and a consensus price target of $289.88.

Amazon.com Trading Up 9.6%

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

Amazon.com (NASDAQ:AMZN) last posted its quarterly earnings data on Thursday, October 30th. The e-commerce giant reported $1.95 earnings per share for the quarter, topping 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 business had revenue of $180.17 billion during the quarter, compared to analysts’ expectations of $177.53 billion. During the same quarter in the prior year, the business posted $1.43 earnings per share. Amazon.com’s revenue was up 13.4% compared to the same quarter last year. Amazon.com has set its Q4 2025 guidance at EPS. Analysts predict that Amazon.com will post 6.31 EPS for the current fiscal year.

Insiders Place Their Bets

In other Amazon.com news, SVP David Zapolsky sold 13,570 shares of the firm’s stock in a transaction that occurred on Friday, August 22nd. The shares were sold at an average price of $222.76, for a total transaction of $3,022,853.20. Following the completion of the transaction, the senior vice president owned 44,110 shares in the company, valued at approximately $9,825,943.60. This trade represents a 23.53% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO Brian T. Olsavsky sold 17,750 shares of the firm’s stock in a transaction that occurred on Thursday, August 21st. The stock was sold at an average price of $222.74, for a total transaction of $3,953,635.00. Following the transaction, the chief financial officer owned 49,000 shares of the company’s stock, valued at approximately $10,914,260. The trade was a 26.59% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold 95,411 shares of company stock worth $21,222,702 over the last quarter. 9.70% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the company. Fairway Wealth LLC grew its position in shares of Amazon.com by 113.2% during the 3rd quarter. Fairway Wealth LLC now owns 113 shares of the e-commerce giant’s stock worth $25,000 after buying an additional 60 shares during the period. Carderock Capital Management Inc. acquired a new stake in shares of Amazon.com during the 2nd quarter worth approximately $27,000. Sellwood Investment Partners LLC acquired a new stake in shares of Amazon.com during the 3rd quarter worth approximately $27,000. Cooksen Wealth LLC acquired a new stake in shares of Amazon.com during the 1st quarter worth approximately $36,000. Finally, Inlight Wealth Management LLC acquired a new stake in shares of Amazon.com during the 1st quarter worth approximately $40,000. 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.