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

Amazon.com (NASDAQ:AMZN) had its price target boosted by Royal Bank Of Canada from $240.00 to $300.00 in a research report report published on Friday, MarketBeat reports. They currently have an outperform rating on the e-commerce giant’s stock.

A number of other brokerages also recently issued reports on AMZN. Citizens Jmp upped their price objective on shares of Amazon.com from $285.00 to $300.00 and gave the stock a “market outperform” rating in a research report on Friday. 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. Piper Sandler set a $300.00 price objective on shares of Amazon.com and gave the stock an “overweight” rating in a research report on Friday. BMO Capital Markets reaffirmed an “outperform” rating and issued a $300.00 price objective on shares of Amazon.com in a research report on Friday. Finally, JMP Securities set a $300.00 price objective on shares of Amazon.com 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 assigned a Sell rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Buy” and a consensus price target of $289.88.

Amazon.com Trading Up 9.6%

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. The firm has a 50-day moving average of $225.49 and a 200-day moving average of $216.37. The company has a market cap of $2.60 trillion, a PE ratio of 37.23, a PEG ratio of 1.52 and a beta of 1.28. Amazon.com has a one year low of $161.38 and a one year high of $250.50.

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

Insider Activity at Amazon.com

In related news, SVP David Zapolsky sold 13,570 shares of the company’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 sale, the senior vice president directly owned 44,110 shares in the company, valued at approximately $9,825,943.60. This represents a 23.53% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, CEO Andrew R. Jassy sold 19,872 shares of the company’s stock in a transaction that occurred on Thursday, August 21st. The shares were sold at an average price of $221.58, for a total transaction of $4,403,237.76. Following the sale, the chief executive officer owned 2,178,502 shares in the company, valued at $482,712,473.16. The trade was a 0.90% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold a total of 95,411 shares of company stock worth $21,222,702 in the last ninety days. Insiders own 9.70% of the company’s stock.

Institutional Trading of Amazon.com

A number of institutional investors have recently modified their holdings of AMZN. Vanguard Group Inc. boosted its holdings in 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 valued at $186,420,422,000 after purchasing an additional 17,447,045 shares during the period. State Street Corp boosted its holdings in 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 valued at $82,073,203,000 after purchasing an additional 5,163,208 shares during the period. Geode Capital Management LLC boosted its holdings in 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 valued at $47,332,625,000 after purchasing an additional 3,721,658 shares during the period. Kingstone Capital Partners Texas LLC boosted its holdings in 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. Finally, Norges Bank bought a new position in Amazon.com in the 2nd quarter valued at $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.