Amazon.com (NASDAQ:AMZN) Stock Price Up 1.5% - Should You Buy?

Key Points

• Amazon.com (NASDAQ:AMZN) stock price increased by 1.5% on Thursday, reaching a last traded price of $232.47, despite a significant drop in trading volume.
• Multiple analysts have set price targets for Amazon, with consensus estimates suggesting a target price of $262.87 and a prevailing rating of Buy.
• Amazon reported impressive earnings recently, with $1.68 earnings per share, beating estimates, and a revenue of $167.70 billion, marking a 13.3% year-over-year increase.

Amazon.com, Inc. (NASDAQ:AMZN) rose 1.5% on Thursday . The stock traded as high as $231.17 and last traded at $232.47. Approximately 8,019,235 shares changed hands during trading, a decline of 82% from the average daily volume of 43,929,480 shares. The stock had previously closed at $229.12.

Analysts Set New Price Targets

AMZN has been the topic of several research analyst reports. Benchmark reissued a "buy" rating and set a $260.00 target price on shares of Amazon.com in a research report on Friday, May 2nd. Cantor Fitzgerald raised their target price on Amazon.com from $260.00 to $280.00 and gave the stock an "overweight" rating in a research report on Friday, August 1st. Jefferies Financial Group raised their target price on Amazon.com from $255.00 to $265.00 in a research report on Wednesday, July 16th. The Goldman Sachs Group reissued a "buy" rating on shares of Amazon.com in a research report on Friday, August 1st. Finally, Needham & Company LLC reaffirmed a "buy" rating and set a $265.00 price target on shares of Amazon.com in a research report on Friday, August 1st. Two research analysts have rated the stock with a Strong Buy rating, forty-six have issued a Buy rating and two have assigned a Hold rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of "Buy" and an average target price of $262.87.

Amazon.com Stock Up 1.2%

The firm has a 50 day simple moving average of $223.48 and a two-hundred day simple moving average of $208.13. The company has a market capitalization of $2.47 trillion, a PE ratio of 35.32, a P/E/G ratio of 1.53 and a beta of 1.31. The company has a current ratio of 1.02, a quick ratio of 0.81 and a debt-to-equity ratio of 0.15.

Amazon.com (NASDAQ:AMZN - Get Free Report) last announced its earnings results on Thursday, July 31st. The e-commerce giant reported $1.68 earnings per share for the quarter, beating the consensus estimate 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 the consensus estimate of $161.80 billion. During the same period last year, the business posted $1.26 EPS. The company's revenue was up 13.3% on a year-over-year basis. Amazon.com has set its Q3 2025 guidance at EPS. Research analysts expect that Amazon.com, Inc. will post 6.31 EPS for the current year.

Insider Transactions at Amazon.com

In related news, VP Shelley Reynolds sold 2,715 shares of Amazon.com stock in a transaction that occurred on Thursday, August 21st. The stock was sold at an average price of $221.64, for a total value of $601,752.60. Following the sale, the vice president directly owned 119,780 shares in the company, valued at $26,548,039.20. The trade was a 2.22% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CFO Brian T. Olsavsky sold 17,750 shares of Amazon.com stock in a transaction that occurred on Thursday, August 21st. The shares were sold at an average price of $222.74, for a total value of $3,953,635.00. Following the completion of the sale, the chief financial officer owned 49,000 shares in the company, valued at approximately $10,914,260. This trade represents a 26.59% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 25,097,911 shares of company stock valued at $5,675,986,299. 9.70% of the stock is owned by company insiders.

Institutional Trading of Amazon.com

A number of institutional investors have recently modified their holdings of the business. Stark Wealth Management LLC purchased a new stake in shares of Amazon.com in the second quarter valued at approximately $373,000. Midwestern Financial LLC IA acquired a new position in Amazon.com during the second quarter worth $620,000. Tribridge Partners Financial LLC acquired a new position in Amazon.com during the second quarter worth $667,000. Orion Porfolio Solutions LLC raised its holdings in Amazon.com by 1.5% during the second quarter. Orion Porfolio Solutions LLC now owns 587,224 shares of the e-commerce giant's stock worth $128,831,000 after purchasing an additional 8,466 shares during the last quarter. Finally, Munro Partners acquired a new position in Amazon.com during the second quarter worth $177,599,000. 72.20% of the stock is currently owned by hedge funds and other institutional investors.

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.

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