The Goldman Sachs Group Raises Amazon.com (NASDAQ:AMZN) Price Target to $275.00

Amazon.com (NASDAQ:AMZN) had its price objective raised by stock analysts at The Goldman Sachs Group from $240.00 to $275.00 in a report released on Friday, MarketBeat.com reports. The brokerage presently has a “buy” rating on the e-commerce giant’s stock. The Goldman Sachs Group’s target price would indicate a potential upside of 25.28% from the company’s current price.

AMZN has been the subject of a number of other reports. JMP Securities restated a “market outperform” rating and set a $285.00 target price on shares of Amazon.com in a report on Friday, August 1st. Piper Sandler increased their price target on shares of Amazon.com from $250.00 to $255.00 and gave the stock an “overweight” rating in a research report on Friday, August 1st. HSBC lifted their price objective on shares of Amazon.com from $256.00 to $260.00 and gave the company a “buy” rating in a report on Monday, September 29th. Royal Bank Of Canada upped their target price on shares of Amazon.com from $230.00 to $240.00 and gave the stock an “outperform” rating in a research note on Friday, August 1st. Finally, Pivotal Research raised their target price on Amazon.com from $260.00 to $285.00 and gave the stock a “buy” rating in a research report on Friday, August 1st. Three analysts have rated the stock with a Strong Buy rating, forty-seven have assigned a Buy rating and one has given a Hold rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Buy” and a consensus target price of $266.26.

Amazon.com Stock Down 1.3%

Amazon.com stock opened at $219.51 on Friday. The company has a market capitalization of $2.34 trillion, a PE ratio of 33.46, a price-to-earnings-growth ratio of 1.47 and a beta of 1.28. 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 has a fifty-two week low of $161.38 and a fifty-two week high of $242.52. The firm has a 50 day moving average price of $226.55 and a 200 day moving average price of $211.13.

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

Insiders Place Their Bets

In other news, SVP David Zapolsky sold 13,570 shares of the firm’s stock in a transaction that occurred on Friday, August 22nd. The shares were sold at an average price of $222.76, for a total transaction of $3,022,853.20. Following the completion of the transaction, the senior vice president directly owned 44,110 shares of the company’s stock, valued at $9,825,943.60. This trade represents a 23.53% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, VP Shelley Reynolds sold 2,715 shares of the business’s stock in a transaction dated Thursday, August 21st. The shares were sold at an average price of $221.64, for a total transaction of $601,752.60. Following the completion of the transaction, the vice president directly owned 119,780 shares of the company’s stock, valued at $26,548,039.20. The trade was a 2.22% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 20,845,122 shares of company stock worth $4,731,747,929. 9.70% of the stock is owned by insiders.

Institutional Investors Weigh In On Amazon.com

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. HCR Wealth Advisors lifted its position in Amazon.com by 0.5% during the third quarter. HCR Wealth Advisors now owns 52,584 shares of the e-commerce giant’s stock worth $11,695,000 after buying an additional 246 shares during the period. Jackson Wealth Management LLC lifted its holdings in shares of Amazon.com by 2.3% during the 3rd quarter. Jackson Wealth Management LLC now owns 28,922 shares of the e-commerce giant’s stock worth $6,350,000 after acquiring an additional 657 shares during the period. Summit Financial Wealth Advisors LLC lifted its holdings in shares of Amazon.com by 21.1% during the 3rd quarter. Summit Financial Wealth Advisors LLC now owns 10,572 shares of the e-commerce giant’s stock worth $2,332,000 after acquiring an additional 1,843 shares during the period. Aaron Wealth Advisors LLC boosted its position in shares of Amazon.com by 79.9% in the third quarter. Aaron Wealth Advisors LLC now owns 103,917 shares of the e-commerce giant’s stock worth $22,817,000 after acquiring an additional 46,147 shares during the last quarter. Finally, First Citizens Financial Corp grew its holdings in Amazon.com by 12.9% in the third quarter. First Citizens Financial Corp now owns 4,640 shares of the e-commerce giant’s stock valued at $1,019,000 after purchasing an additional 529 shares during the period. 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.