Amazon.com (NASDAQ:AMZN) Given New $360.00 Price Target at Loop Capital

Amazon.com (NASDAQ:AMZN) had its price objective upped by Loop Capital from $300.00 to $360.00 in a research report released on Tuesday,MarketScreener reports. Loop Capital currently has a buy rating on the e-commerce giant’s stock.

AMZN has been the subject of a number of other research reports. Telsey Advisory Group lifted their target price on Amazon.com from $265.00 to $300.00 and gave the stock an “outperform” rating in a report on Friday, October 31st. Monness Crespi & Hardt lifted their price objective on Amazon.com from $275.00 to $300.00 and gave the stock a “buy” rating in a report on Friday, October 31st. Scotiabank boosted their target price on Amazon.com from $250.00 to $275.00 and gave the stock a “sector outperform” rating in a research report on Tuesday, July 22nd. Arete raised their price target on shares of Amazon.com from $248.00 to $253.00 and gave the company a “buy” rating in a report on Monday, October 27th. Finally, Barclays reiterated an “overweight” rating and issued a $300.00 price target (up from $275.00) on shares of Amazon.com in a research note on Friday, October 31st. Two equities research analysts have rated the stock with a Strong Buy rating, fifty-seven have given a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $294.70.

Amazon.com Trading Down 4.4%

Shares of NASDAQ AMZN opened at $222.55 on Tuesday. The firm’s 50 day moving average price is $228.33 and its 200-day moving average price is $221.51. Amazon.com has a 52-week low of $161.38 and a 52-week high of $258.60. The company has a debt-to-equity ratio of 0.15, a quick ratio of 0.81 and a current ratio of 1.02. The company has a market cap of $2.38 trillion, a PE ratio of 33.93, a P/E/G ratio of 1.52 and a beta of 1.29.

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

Insider Activity

In other Amazon.com news, Director Jonathan Rubinstein sold 8,173 shares of the stock in a transaction on Friday, October 31st. The stock was sold at an average price of $250.03, for a total value of $2,043,495.19. Following the completion of the sale, the director owned 80,030 shares in the company, valued at approximately $20,009,900.90. This represents a 9.27% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CEO Douglas J. Herrington sold 4,784 shares of the firm’s stock in a transaction dated Monday, November 17th. The shares were sold at an average price of $232.71, for a total value of $1,113,284.64. Following the sale, the chief executive officer directly owned 498,182 shares in the company, valued at approximately $115,931,933.22. This represents a 0.95% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last ninety days, insiders sold 128,984 shares of company stock worth $29,617,023. 10.80% of the stock is currently owned by insiders.

Institutional Trading of Amazon.com

Institutional investors have recently made changes to their positions in the business. Vanguard Group Inc. lifted its holdings in shares of Amazon.com by 2.1% in the second quarter. Vanguard Group Inc. now owns 849,721,601 shares of the e-commerce giant’s stock worth $186,420,422,000 after buying an additional 17,447,045 shares in the last quarter. State Street Corp increased its holdings in Amazon.com by 2.0% in the 3rd quarter. State Street Corp now owns 381,681,441 shares of the e-commerce giant’s stock valued at $83,805,794,000 after acquiring an additional 7,584,156 shares during the last quarter. Geode Capital Management LLC increased 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 acquiring an additional 3,721,658 shares during the last quarter. Kingstone Capital Partners Texas LLC lifted its stake 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 worth $29,100,194,000 after purchasing an additional 132,616,953 shares in the last quarter. Finally, Norges Bank bought a new position in shares of Amazon.com during the 2nd quarter valued at about $27,438,011,000. Hedge funds and other institutional investors 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.