Amazon.com (NASDAQ:AMZN) Given New $275.00 Price Target at The Goldman Sachs Group

Key Points

• The Goldman Sachs Group raised its price target for Amazon.com (NASDAQ:AMZN) from $240.00 to $275.00, indicating a potential upside of 23.65% from its current price and maintaining a "buy" rating.
• Amazon reported a quarterly EPS of $1.68, exceeding estimates and achieving a revenue of $167.70 billion, which is a 13.3% increase year-over-year.
• Recent insider trading revealed that both the VP and CEO sold shares, with a total of over 20 million shares sold by insiders in the last three months, indicating some divestment by company executives.

Amazon.com (NASDAQ:AMZN) had its target price lifted by stock analysts at The Goldman Sachs Group from $240.00 to $275.00 in a note issued to investors on Friday, Marketbeat.com reports. The brokerage presently has a "buy" rating on the e-commerce giant's stock. The Goldman Sachs Group's price objective suggests a potential upside of 23.65% from the company's current price.

AMZN has been the topic of several other research reports. Monness Crespi & Hardt boosted their price target 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. Pivotal Research boosted their price target on shares of Amazon.com from $260.00 to $285.00 and gave the stock a "buy" rating in a research report on Friday, August 1st. Cowen restated a "buy" rating on shares of Amazon.com in a research report on Friday, August 1st. Bank of America boosted their price target on shares of Amazon.com from $265.00 to $272.00 and gave the stock a "buy" rating in a research report on Friday, August 1st. Finally, DA Davidson boosted their price target on shares of Amazon.com from $230.00 to $265.00 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-six have assigned a Buy rating and one has given a Hold rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of "Buy" and a consensus target price of $266.26.

Amazon.com Price Performance

AMZN stock opened at $222.41 on Friday. Amazon.com has a one year low of $161.38 and a one year high of $242.52. The company's fifty day moving average price is $226.79 and its 200-day moving average price is $210.83. 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 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.

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

Insider Activity

In other news, VP Shelley Reynolds sold 2,715 shares of the business's stock in a transaction on 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 sale, the vice president directly owned 119,780 shares of the company's stock, valued at approximately $26,548,039.20. The trade was a 2.22% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Douglas J. Herrington sold 2,500 shares of the business's stock in a transaction on Tuesday, September 2nd. The shares were sold at an average price of $223.49, for a total transaction of $558,725.00. Following the sale, the chief executive officer directly owned 518,007 shares of the company's stock, valued at $115,769,384.43. This represents a 0.48% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 20,842,622 shares of company stock valued at $4,731,205,179. Insiders own 9.70% of the company's stock.

Institutional Trading of Amazon.com

Large investors have recently made changes to their positions in the stock. Carderock Capital Management Inc. purchased a new stake in Amazon.com in the second quarter worth about $27,000. Cooksen Wealth LLC purchased a new stake in Amazon.com in the first quarter worth about $36,000. Inlight Wealth Management LLC purchased a new stake in Amazon.com in the first quarter worth about $40,000. Maryland Capital Advisors Inc. lifted its stake in Amazon.com by 81.9% in the second quarter. Maryland Capital Advisors Inc. now owns 211 shares of the e-commerce giant's stock worth $46,000 after acquiring an additional 95 shares during the period. Finally, Capitol Family Office Inc. purchased a new stake in Amazon.com in the first quarter worth about $42,000. 72.20% of the stock is owned by hedge funds and other institutional investors.

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.

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