Amazon.com (NASDAQ:AMZN) Price Target Raised to $270.00

Amazon.com (NASDAQ:AMZN) had its price target boosted by Wolfe Research from $265.00 to $270.00 in a report released on Tuesday morning,MarketScreener reports.

A number of other equities analysts have also recently issued reports on AMZN. JPMorgan Chase & Co. increased their price objective on shares of Amazon.com from $255.00 to $265.00 and gave the stock an “overweight” rating in a research report on Friday, August 1st. Monness Crespi & Hardt increased their price objective on shares of Amazon.com from $265.00 to $275.00 and gave the stock a “buy” rating in a research report on Friday, August 1st. Stifel Nicolaus increased their price objective on shares of Amazon.com from $245.00 to $262.00 and gave the stock a “buy” rating in a research report on Tuesday, July 29th. Roth Capital set a $250.00 price objective on shares of Amazon.com and gave the stock a “buy” rating in a research report on Tuesday, July 8th. Finally, Zacks Research cut shares of Amazon.com from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, August 19th. Three analysts have rated the stock with a Strong Buy rating, forty-six have assigned a Buy rating and one has given a Hold rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Buy” and a consensus price target of $265.09.

Amazon.com Price Performance

AMZN stock opened at $222.41 on Tuesday. The stock has a market capitalization of $2.37 trillion, a PE ratio of 33.90, a price-to-earnings-growth ratio of 1.47 and a beta of 1.28. The company’s 50-day moving average is $226.79 and its 200-day moving average is $210.83. The company has a debt-to-equity ratio of 0.15, a current ratio of 1.02 and a quick ratio of 0.81. Amazon.com has a 1 year low of $161.38 and a 1 year high of $242.52.

Amazon.com (NASDAQ:AMZN) last released its quarterly earnings data on Thursday, July 31st. The e-commerce giant reported $1.68 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.31 by $0.37. The company had revenue of $167.70 billion for the quarter, compared to analysts’ expectations of $161.80 billion. Amazon.com had a net margin of 10.54% and a return on equity of 23.84%. The business’s revenue was up 13.3% on a year-over-year basis. During the same quarter in the prior year, the firm earned $1.26 EPS. Amazon.com has set its Q3 2025 guidance at EPS. Equities research analysts expect that Amazon.com will post 6.31 EPS for the current fiscal year.

Insider Transactions at Amazon.com

In other Amazon.com news, SVP David Zapolsky sold 13,570 shares of the 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 filing with the SEC, which is accessible through the SEC website. Also, CEO Andrew R. Jassy sold 19,872 shares of the stock in a transaction dated 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 completion of the sale, the chief executive officer owned 2,178,502 shares of the company’s stock, valued at approximately $482,712,473.16. This trade represents a 0.90% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 20,842,622 shares of company stock worth $4,731,205,179. Company insiders own 9.70% of the company’s stock.

Institutional Investors Weigh In On Amazon.com

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. GAMMA Investing LLC increased its stake in Amazon.com by 11.7% in the 3rd quarter. GAMMA Investing LLC now owns 203,188 shares of the e-commerce giant’s stock valued at $44,614,000 after buying an additional 21,345 shares during the last quarter. Trust Co of the South increased its stake in Amazon.com by 8.9% in the 3rd quarter. Trust Co of the South now owns 15,421 shares of the e-commerce giant’s stock valued at $3,386,000 after buying an additional 1,256 shares during the last quarter. Helen Stephens Group LLC increased its stake in shares of Amazon.com by 10.1% during the 3rd quarter. Helen Stephens Group LLC now owns 2,390 shares of the e-commerce giant’s stock worth $525,000 after purchasing an additional 219 shares during the last quarter. Capital Asset Advisory Services LLC increased its stake in shares of Amazon.com by 4.4% during the 3rd quarter. Capital Asset Advisory Services LLC now owns 95,870 shares of the e-commerce giant’s stock worth $21,050,000 after purchasing an additional 4,084 shares during the last quarter. Finally, McAlister Sweet & Associates Inc. increased its stake in shares of Amazon.com by 4.9% during the 3rd quarter. McAlister Sweet & Associates Inc. now owns 29,312 shares of the e-commerce giant’s stock worth $6,436,000 after purchasing an additional 1,370 shares during the last quarter. Hedge funds and other 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.