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

Amazon.com (NASDAQ:AMZN) had its price target lifted by DA Davidson from $265.00 to $300.00 in a research note released on Friday, MarketBeat Ratings reports. DA Davidson currently has a buy rating on the e-commerce giant’s stock.

Several other equities analysts have also recently issued reports on AMZN. The Goldman Sachs Group lifted their price target on Amazon.com from $240.00 to $275.00 and gave the company a “buy” rating in a research report on Friday, October 3rd. Zacks Research upgraded Amazon.com from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, October 22nd. Rosenblatt Securities lifted their target price on Amazon.com from $298.00 to $305.00 and gave the stock a “buy” rating in a report on Friday. Stifel Nicolaus lifted their target price on Amazon.com from $269.00 to $295.00 and gave the stock a “buy” rating in a report on Friday. Finally, Wall Street Zen upgraded Amazon.com from a “hold” rating to a “buy” rating in a report on Saturday, August 2nd. Three 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, Amazon.com has a consensus rating of “Buy” and an average price target of $289.88.

Amazon.com Stock Up 9.6%

Shares of AMZN stock opened at $244.22 on Friday. Amazon.com has a 1 year low of $161.38 and a 1 year high of $250.50. The stock has a market cap of $2.60 trillion, a PE ratio of 37.23, a price-to-earnings-growth ratio of 1.52 and a beta of 1.28. The business’s fifty day moving average is $225.49 and its 200-day moving average is $216.37. The company has a debt-to-equity ratio of 0.15, a quick ratio of 0.81 and a current ratio of 1.02.

Amazon.com (NASDAQ:AMZN) last issued 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. Amazon.com had a return on equity of 23.84% and a net margin of 10.54%.The company had revenue of $180.17 billion for the quarter, compared to analysts’ expectations of $177.53 billion. During the same period last year, the firm earned $1.43 EPS. The firm’s revenue for the quarter was up 13.4% on a year-over-year basis. Amazon.com has set its Q4 2025 guidance at EPS. Equities analysts expect that Amazon.com will post 6.31 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other news, CEO Andrew R. Jassy sold 19,872 shares of the firm’s stock in a transaction on Thursday, August 21st. The stock was sold at an average price of $221.58, for a total value of $4,403,237.76. Following the completion of the sale, the chief executive officer owned 2,178,502 shares of the company’s stock, valued at $482,712,473.16. This trade represents a 0.90% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. Also, CEO Matthew S. Garman sold 17,785 shares of the firm’s stock in a transaction on Thursday, August 21st. The stock was sold at an average price of $221.57, for a total value of $3,940,622.45. Following the completion of the sale, the chief executive officer directly owned 3,138 shares of the company’s stock, valued at approximately $695,286.66. This trade represents a 85.00% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 95,411 shares of company stock valued at $21,222,702 over the last quarter. 9.70% of the stock is owned by insiders.

Institutional Trading of Amazon.com

Several hedge funds and other institutional investors have recently modified their holdings of AMZN. Fairway Wealth LLC boosted its position in Amazon.com by 113.2% during the third quarter. Fairway Wealth LLC now owns 113 shares of the e-commerce giant’s stock valued at $25,000 after purchasing an additional 60 shares during the last quarter. Carderock Capital Management Inc. acquired a new stake in Amazon.com during the second quarter valued at $27,000. Sellwood Investment Partners LLC acquired a new stake in Amazon.com during the third quarter valued at $27,000. Cooksen Wealth LLC acquired a new stake in Amazon.com during the first quarter valued at $36,000. Finally, Inlight Wealth Management LLC acquired a new stake in Amazon.com during the first quarter valued at $40,000. Institutional investors and hedge funds 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.