Amazon.com (NASDAQ:AMZN) Price Target Raised to $320.00

Amazon.com (NASDAQ:AMZN) had its price target hoisted by Citigroup from $270.00 to $320.00 in a research report released on Friday, MarketBeat reports. Citigroup currently has a buy rating on the e-commerce giant’s stock.

A number of other equities analysts also recently commented on the stock. JPMorgan Chase & Co. raised their price objective on shares of Amazon.com from $265.00 to $305.00 and gave the stock an “overweight” rating in a report on Friday. Rosenblatt Securities raised their price objective on shares of Amazon.com from $298.00 to $305.00 and gave the stock a “buy” rating in a report on Friday. Scotiabank lifted their price target on shares of Amazon.com from $250.00 to $275.00 and gave the company a “sector outperform” rating in a report on Tuesday, July 22nd. Mizuho set a $300.00 price target on shares of Amazon.com and gave the company an “outperform” rating in a report on Monday, September 29th. Finally, Maxim Group lifted their price target on shares of Amazon.com from $272.00 to $280.00 and gave the company a “buy” rating in a report on Friday. Three equities research analysts have rated the stock with a Strong Buy rating, forty-nine have assigned a Buy rating, one has issued a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, Amazon.com currently has a consensus rating of “Buy” and an average target price of $289.88.

Amazon.com Price Performance

NASDAQ:AMZN opened at $244.22 on Friday. The company has a 50-day moving average of $225.49 and a 200-day moving average of $216.37. The company has a market capitalization of $2.60 trillion, a price-to-earnings ratio of 37.23, a PEG ratio of 1.52 and a beta of 1.28. 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 released its quarterly earnings data on Thursday, October 30th. The e-commerce giant reported $1.95 EPS for the quarter, topping analysts’ consensus estimates 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% compared to the same quarter last year. During the same period last year, the firm earned $1.43 EPS. Amazon.com has set its Q4 2025 guidance at EPS. As a group, equities research analysts anticipate that Amazon.com will post 6.31 earnings per share for the current fiscal year.

Insider Transactions at Amazon.com

In other Amazon.com news, SVP David Zapolsky sold 13,570 shares of the firm’s stock in a transaction dated Friday, August 22nd. The shares were sold at an average price of $222.76, for a total value of $3,022,853.20. Following the completion of the sale, 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 legal filing with the SEC, which can be accessed through this hyperlink. Also, CEO Douglas J. Herrington sold 2,500 shares of the firm’s stock in a transaction dated Wednesday, October 1st. The shares were sold at an average price of $217.10, for a total transaction of $542,750.00. Following the completion of the sale, the chief executive officer owned 515,507 shares of the company’s stock, valued at $111,916,569.70. The trade was a 0.48% decrease in their position. The SEC filing for this sale provides additional information. In the last ninety days, insiders have sold 95,411 shares of company stock worth $21,222,702. Corporate insiders own 9.70% of the company’s stock.

Institutional Investors Weigh In On Amazon.com

Several hedge funds and other institutional investors have recently added to or reduced their stakes in AMZN. Barlow Wealth Partners Inc. grew its position in shares of Amazon.com by 0.4% during the 2nd quarter. Barlow Wealth Partners Inc. now owns 12,565 shares of the e-commerce giant’s stock worth $2,763,000 after buying an additional 44 shares during the period. Ridgecrest Wealth Partners LLC grew its position in shares of Amazon.com by 0.5% during the 2nd quarter. Ridgecrest Wealth Partners LLC now owns 8,399 shares of the e-commerce giant’s stock worth $1,843,000 after buying an additional 45 shares during the period. Probity Advisors Inc. grew its position in shares of Amazon.com by 0.4% during the 2nd quarter. Probity Advisors Inc. now owns 12,157 shares of the e-commerce giant’s stock worth $2,667,000 after buying an additional 45 shares during the period. IMPACTfolio LLC grew its position in shares of Amazon.com by 3.8% during the 3rd quarter. IMPACTfolio LLC now owns 1,225 shares of the e-commerce giant’s stock worth $269,000 after buying an additional 45 shares during the period. Finally, Union Savings Bank grew its position in shares of Amazon.com by 0.4% during the 2nd quarter. Union Savings Bank now owns 10,723 shares of the e-commerce giant’s stock worth $2,510,000 after buying an additional 45 shares during the period. Institutional investors and hedge funds own 72.20% of the company’s stock.

About Amazon.com

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.