Amazon.com (NASDAQ:AMZN) Trading 1.4% Higher on Analyst Upgrade

Key Points

• Amazon.com shares rose 1.4% following an analyst upgrade from Stifel Nicolaus, which increased its price target from $260.00 to $269.00 and maintains a buy rating on the stock.
• Several other analysts have also reaffirmed buy ratings for Amazon, with price targets ranging from $244.00 to $280.00, indicating strong confidence in the company's growth potential.
• Insider transactions showed significant selling, with an SVP selling over 13,000 shares at an average price of $222.76, leading to a notable decrease in their ownership of Amazon stock.

Shares of Amazon.com, Inc. (NASDAQ:AMZN) shot up 1.4% on Friday after Stifel Nicolaus raised their price target on the stock from $260.00 to $269.00. Stifel Nicolaus currently has a buy rating on the stock. Amazon.com traded as high as $225.40 and last traded at $224.21. 38,505,487 shares changed hands during mid-day trading, a decline of 13% from the average session volume of 44,185,625 shares. The stock had previously closed at $221.09.

Several other research analysts have also commented on AMZN. Benchmark reaffirmed a "buy" rating and set a $260.00 price objective on shares of Amazon.com in a research note on Wednesday. Westpark Capital reaffirmed a "buy" rating and set a $280.00 price objective on shares of Amazon.com in a research note on Friday, August 1st. Robert W. Baird lifted their price objective on shares of Amazon.com from $220.00 to $244.00 and gave the stock an "outperform" rating in a research note on Monday, July 21st. KeyCorp began coverage on shares of Amazon.com in a research note on Thursday. They set an "overweight" rating for the company. Finally, Susquehanna lifted their target price on Amazon.com from $225.00 to $260.00 and gave the stock a "positive" rating in a research report on Friday, August 1st. Four research analysts have rated the stock with a Strong Buy rating, forty-seven have given a Buy rating and one has given a Hold rating to the company. According to MarketBeat.com, Amazon.com presently has an average rating of "Buy" and a consensus price target of $268.69.

Insider Transactions at Amazon.com

In other Amazon.com news, SVP David Zapolsky sold 13,570 shares of the business's 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 transaction, the senior vice president directly owned 44,110 shares in the company, valued at approximately $9,825,943.60. The trade was a 23.53% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, VP Shelley Reynolds sold 2,715 shares of the business's stock in a transaction dated Thursday, August 21st. The stock was 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 owned 119,780 shares of the company's stock, valued at $26,548,039.20. This represents a 2.22% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 97,911 shares of company stock valued at $21,765,202 over the last three months. 9.70% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Amazon.com

A number of large investors have recently added to or reduced their stakes in AMZN. Carderock Capital Management Inc. purchased a new stake in shares of Amazon.com during the second quarter worth about $27,000. Cooksen Wealth LLC purchased a new stake in shares of Amazon.com during the first quarter worth about $36,000. Inlight Wealth Management LLC purchased a new stake in shares of Amazon.com during the first quarter worth about $40,000. Capitol Family Office Inc. purchased a new stake in Amazon.com in the first quarter valued at approximately $42,000. Finally, Maryland Capital Advisors Inc. boosted its position 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 valued at $46,000 after buying an additional 95 shares during the last quarter. 72.20% of the stock is currently owned by institutional investors.

Amazon.com Trading Up 1.4%

The stock has a 50-day moving average of $225.24 and a 200 day moving average of $213.61. The stock has a market cap of $2.39 trillion, a PE ratio of 34.18, a price-to-earnings-growth ratio of 1.44 and a beta of 1.28. The company has a quick ratio of 0.81, a current ratio of 1.02 and a debt-to-equity ratio of 0.15.

Amazon.com (NASDAQ:AMZN - Get Free Report) last issued its earnings results on Thursday, July 31st. The e-commerce giant reported $1.68 EPS for the quarter, beating analysts' consensus estimates of $1.31 by $0.37. The firm had revenue of $167.70 billion for the quarter, compared to analyst estimates of $161.80 billion. Amazon.com had a return on equity of 23.84% and a net margin of 10.54%.Amazon.com's revenue for the quarter was up 13.3% on a year-over-year basis. During the same quarter in the prior year, the firm earned $1.26 earnings per share. Amazon.com has set its Q3 2025 guidance at EPS. As a group, sell-side analysts anticipate that Amazon.com, Inc. will post 6.31 earnings per share for the current year.

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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