Amazon.com (NASDAQ:AMZN) Price Target Raised to $305.00

Amazon.com (NASDAQ:AMZN) had its price objective boosted by JPMorgan Chase & Co. from $265.00 to $305.00 in a report released on Friday morning, Marketbeat Ratings reports. The brokerage currently has an overweight rating on the e-commerce giant’s stock.

A number of other analysts have also weighed in on AMZN. Oppenheimer upped their price objective on Amazon.com from $245.00 to $290.00 and gave the stock an “outperform” rating in a research report on Friday. Sanford C. Bernstein set a $300.00 target price on Amazon.com and gave the company an “outperform” rating in a report on Friday. Robert W. Baird set a $285.00 target price on Amazon.com and gave the company an “outperform” rating in a report on Friday. Jefferies Financial Group reissued a “buy” rating on shares of Amazon.com in a report on Monday, October 20th. Finally, Royal Bank Of Canada reissued an “outperform” rating on shares of Amazon.com in a report on Friday. Three equities research analysts have rated the stock with a Strong Buy rating, forty-nine have issued a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Buy” and an average price target of $289.88.

Amazon.com Stock Up 9.6%

Amazon.com stock 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 stock’s fifty day simple moving average is $225.49 and its 200-day simple moving average is $216.37. 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 capitalization 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 (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 analysts’ consensus estimates of $1.57 by $0.38. Amazon.com had a return on equity of 23.84% and a net margin of 10.54%.The business had revenue of $180.17 billion for the quarter, compared to analyst estimates of $177.53 billion. During the same quarter in the prior year, the company earned $1.43 earnings per share. The company’s revenue was up 13.4% on a year-over-year basis. Amazon.com has set its Q4 2025 guidance at EPS. As a group, equities analysts expect that Amazon.com will post 6.31 earnings per share for the current fiscal year.

Insider Buying and Selling

In other Amazon.com news, CEO Douglas J. Herrington sold 6,835 shares of the company’s stock in a transaction on Thursday, August 21st. The shares were sold at an average price of $221.62, for a total value of $1,514,772.70. Following the completion of the transaction, the chief executive officer owned 520,507 shares in the company, valued at $115,354,761.34. This represents a 1.30% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CEO Matthew S. Garman sold 17,785 shares of the company’s stock in a transaction on Thursday, August 21st. The shares were sold at an average price of $221.57, for a total transaction of $3,940,622.45. Following the completion of the transaction, the chief executive officer owned 3,138 shares of the company’s stock, valued at $695,286.66. This 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 ninety days. Company insiders own 9.70% of the company’s stock.

Institutional Investors Weigh In On Amazon.com

Hedge funds have recently made changes to their positions in the business. Fairway Wealth LLC boosted its stake in shares of Amazon.com by 113.2% during the third 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. Sellwood Investment Partners LLC acquired a new stake in shares of Amazon.com during the third quarter worth about $27,000. Carderock Capital Management Inc. acquired a new stake in shares of Amazon.com during the second quarter worth about $27,000. Cooksen Wealth LLC acquired a new stake in shares of Amazon.com during the first quarter worth about $36,000. Finally, Inlight Wealth Management LLC acquired a new stake in shares of Amazon.com during the first quarter worth about $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.