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

Amazon.com (NASDAQ:AMZN) had its price target lifted by Rosenblatt Securities from $298.00 to $305.00 in a report published on Friday, Marketbeat reports. Rosenblatt Securities currently has a buy rating on the e-commerce giant’s stock.

Several other research firms have also recently weighed in on AMZN. Cantor Fitzgerald increased their target price on shares of Amazon.com from $260.00 to $280.00 and gave the company an “overweight” rating in a research note on Friday, August 1st. Citizens Jmp increased their target price on shares of Amazon.com from $285.00 to $300.00 and gave the company a “market outperform” rating in a research note on Friday. Wall Street Zen upgraded shares of Amazon.com from a “hold” rating to a “buy” rating in a research note on Saturday, August 2nd. Canaccord Genuity Group reiterated a “buy” rating and issued a $280.00 target price on shares of Amazon.com in a research note on Friday, August 1st. Finally, JPMorgan Chase & Co. increased their target price on shares of Amazon.com from $255.00 to $265.00 and gave the company an “overweight” rating in a research note on Friday, August 1st. Three analysts have rated the stock with a Strong Buy rating, forty-nine have given a Buy rating, one has given a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, Amazon.com currently has an average rating of “Buy” and a consensus price target of $289.88.

Amazon.com Trading Up 9.6%

Shares of NASDAQ:AMZN opened at $244.22 on Friday. The company has a market cap 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. The stock’s 50-day moving average is $225.49 and its 200-day moving average is $216.37. Amazon.com has a 52-week low of $161.38 and a 52-week high of $250.50. 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. The company 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 firm’s revenue was up 13.4% compared to the same quarter last year. During the same period last year, the business posted $1.43 earnings per share. Amazon.com has set its Q4 2025 guidance at EPS. Equities research analysts predict that Amazon.com will post 6.31 earnings per share for the current year.

Insider Activity

In other Amazon.com news, CEO Douglas J. Herrington sold 6,835 shares of the firm’s stock in a transaction dated Thursday, August 21st. The shares were sold at an average price of $221.62, for a total transaction 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 trade represents a 1.30% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, SVP David Zapolsky sold 13,570 shares of the firm’s stock in a transaction dated Friday, August 22nd. The stock was sold at an average price of $222.76, for a total transaction of $3,022,853.20. Following the transaction, the senior vice president owned 44,110 shares of the company’s stock, valued at approximately $9,825,943.60. This represents a 23.53% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last quarter, insiders have sold 95,411 shares of company stock valued at $21,222,702. 9.70% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the company. Fairway Wealth LLC raised its stake in shares of Amazon.com by 113.2% in the third quarter. Fairway Wealth LLC now owns 113 shares of the e-commerce giant’s stock valued at $25,000 after acquiring an additional 60 shares during the last quarter. Sellwood Investment Partners LLC bought a new position in shares of Amazon.com in the third quarter valued at approximately $27,000. Carderock Capital Management Inc. bought a new position in shares of Amazon.com in the second quarter valued at approximately $27,000. Cooksen Wealth LLC bought a new position in shares of Amazon.com in the first quarter valued at approximately $36,000. Finally, Inlight Wealth Management LLC bought a new position in shares of Amazon.com in the first quarter valued at 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.