Amazon.com (NASDAQ:AMZN) Price Target Raised to $289.00

Amazon.com (NASDAQ:AMZN) had its price target hoisted by analysts at BNP Paribas Exane from $264.00 to $289.00 in a research report issued to clients and investors on Monday,MarketScreener reports. The brokerage presently has an “outperform” rating on the e-commerce giant’s stock. BNP Paribas Exane’s target price suggests a potential upside of 18.34% from the company’s previous close.

Other equities analysts have also issued reports about the stock. Mizuho set a $300.00 price objective on Amazon.com and gave the company an “outperform” rating in a report on Monday, September 29th. Truist Financial set a $290.00 price target on shares of Amazon.com in a research note on Friday. Sanford C. Bernstein set a $300.00 price objective on shares of Amazon.com and gave the company an “outperform” rating in a research note on Friday. Jefferies Financial Group reaffirmed a “buy” rating on shares of Amazon.com in a research note on Monday, October 20th. Finally, TD Cowen increased their target price on shares of Amazon.com from $255.00 to $300.00 and gave the stock a “buy” rating in a report on Friday. Three equities research analysts have rated the stock with a Strong Buy rating, fifty have issued 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 has an average rating of “Buy” and a consensus price target of $290.76.

Amazon.com Price Performance

NASDAQ:AMZN opened at $244.22 on Monday. The stock has a 50 day moving average price of $225.49 and a 200 day moving average price of $216.37. The stock has a market cap of $2.60 trillion, a PE ratio of 37.23, a P/E/G ratio of 1.52 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 one year low of $161.38 and a one year high of $250.50.

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

Insider Buying and Selling

In related news, CEO Matthew S. Garman sold 17,785 shares of the stock in a transaction on Thursday, August 21st. The stock was sold at an average price of $221.57, for a total transaction of $3,940,622.45. Following the completion of the sale, the chief executive officer directly owned 3,138 shares of the company’s stock, valued at $695,286.66. This trade represents a 85.00% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CEO Douglas J. Herrington sold 6,835 shares of the business’s stock in a transaction on 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 directly owned 520,507 shares in the company, valued at $115,354,761.34. This represents a 1.30% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold a total of 95,411 shares of company stock valued at $21,222,702 in the last quarter. Corporate insiders own 9.70% of the company’s stock.

Hedge Funds Weigh In On Amazon.com

Several hedge funds and other institutional investors have recently bought and sold shares of AMZN. Western Wealth Management LLC raised its holdings in Amazon.com by 0.9% in the first quarter. Western Wealth Management LLC now owns 140,122 shares of the e-commerce giant’s stock valued at $26,660,000 after buying an additional 1,297 shares during the period. Flaharty Asset Management LLC increased its position in shares of Amazon.com by 87.7% in the first quarter. Flaharty Asset Management LLC now owns 5,088 shares of the e-commerce giant’s stock worth $968,000 after acquiring an additional 2,377 shares in the last quarter. Barnes Dennig Private Wealth Management LLC purchased a new position in shares of Amazon.com in the 1st quarter valued at $514,000. Border to Coast Pensions Partnership Ltd raised its stake in shares of Amazon.com by 6.0% in the 2nd quarter. Border to Coast Pensions Partnership Ltd now owns 1,136,311 shares of the e-commerce giant’s stock valued at $249,295,000 after acquiring an additional 63,924 shares during the period. Finally, Abel Hall LLC lifted its holdings in shares of Amazon.com by 7.3% during the 2nd quarter. Abel Hall LLC now owns 12,740 shares of the e-commerce giant’s stock valued at $2,795,000 after acquiring an additional 863 shares in the last quarter. 72.20% of the stock is owned by institutional investors and hedge funds.

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.