Amazon.com (NASDAQ:AMZN) Trading 3% Higher - Still a Buy?

Key Points

• Amazon.com's stock rose by 3% on Thursday, reaching a price of $232.73, with a significant decline in trading volume compared to its average.
• Equities analysts remain optimistic, with many raising their price targets; the average price target is currently $262.87, and the stock holds a consensus rating of "Buy."
• In the latest earnings report, Amazon exceeded expectations with $1.68 EPS and revenue of $167.70 billion, marking a 13.3% increase year-over-year.

Amazon.com, Inc. (NASDAQ:AMZN) shot up 3% on Thursday . The stock traded as high as $234.89 and last traded at $232.73. Approximately 24,514,476 shares traded hands during trading, a decline of 44% from the average session volume of 43,739,922 shares. The stock had previously closed at $225.99.

Wall Street Analysts Forecast Growth

Several equities analysts have commented on AMZN shares. Rosenblatt Securities increased their price target on shares of Amazon.com from $288.00 to $297.00 and gave the company a "buy" rating in a research note on Friday, August 1st. JMP Securities reiterated a "market outperform" rating and set a $285.00 price target on shares of Amazon.com in a research note on Friday, August 1st. Citigroup restated an "overweight" rating on shares of Amazon.com in a research note on Wednesday, August 13th. Canaccord Genuity Group reiterated a "buy" rating and set a $280.00 target price on shares of Amazon.com in a research report on Friday, August 1st. Finally, Wells Fargo & Company boosted their target price on Amazon.com from $238.00 to $245.00 and gave the company an "equal weight" rating in a report on Tuesday, July 29th. Two investment analysts have rated the stock with a Strong Buy rating, forty-six have assigned a Buy rating and two have issued a Hold rating to the stock. According to data from MarketBeat, the company has an average rating of "Buy" and a consensus price target of $262.87.

Amazon.com Stock Performance

The company has a debt-to-equity ratio of 0.15, a current ratio of 1.02 and a quick ratio of 0.81. The stock has a market capitalization of $2.51 trillion, a PE ratio of 35.93, a P/E/G ratio of 1.54 and a beta of 1.30. The stock has a 50 day moving average of $225.19 and a two-hundred day moving average of $208.04.

Amazon.com (NASDAQ:AMZN - Get Free Report) last issued its quarterly earnings data on Thursday, July 31st. The e-commerce giant reported $1.68 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.31 by $0.37. The firm had revenue of $167.70 billion during the quarter, compared to analysts' expectations 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 was up 13.3% on a year-over-year basis. During the same period in the previous year, the firm posted $1.26 earnings per share. 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 fiscal year.

Insider Transactions at Amazon.com

In other Amazon.com news, insider Jeffrey P. Bezos sold 4,273,237 shares of the company's stock in a transaction dated Friday, July 11th. The shares were sold at an average price of $224.81, for a total value of $960,666,409.97. Following the transaction, the insider directly owned 897,722,088 shares in the company, valued at approximately $201,816,902,603.28. This represents a 0.47% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In the last 90 days, insiders have sold 25,097,911 shares of company stock valued at $5,676,032,574. 9.70% of the stock is currently owned by corporate insiders.

Institutional Trading of Amazon.com

Institutional investors and hedge funds have recently bought and sold shares of the business. Kingstone Capital Partners Texas LLC grew its stake in shares of Amazon.com by 542,733.6% in the second quarter. Kingstone Capital Partners Texas LLC now owns 132,641,388 shares of the e-commerce giant's stock valued at $29,100,194,000 after buying an additional 132,616,953 shares in the last quarter. Norges Bank purchased a new position in shares of Amazon.com in the second quarter valued at $27,438,011,000. Nuveen LLC acquired a new stake in Amazon.com during the 1st quarter valued at approximately $11,674,091,000. GAMMA Investing LLC grew its stake in Amazon.com by 21,420.5% during the 1st quarter. GAMMA Investing LLC now owns 30,245,061 shares of the e-commerce giant's stock valued at $5,754,425,000 after purchasing an additional 30,104,520 shares in the last quarter. Finally, Capital World Investors grew its stake in Amazon.com by 36.8% during the 4th quarter. Capital World Investors now owns 65,709,496 shares of the e-commerce giant's stock valued at $14,416,078,000 after purchasing an additional 17,681,004 shares in the last quarter. Institutional investors and hedge funds 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.

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