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Amazon.com (NASDAQ:AMZN) Trading Up 1.7% - Time to Buy?

Amazon.com logo with Retail/Wholesale background

Key Points

  • Amazon.com (NASDAQ:AMZN) shares rose by 1.7% on Monday, trading as high as $220.68 with a significant decline in trading volume, down 16% from the average.
  • Several analysts have upgraded their ratings and price targets for Amazon, with consensus indicating a price target of $266.26 and a Buy rating from 47 out of 51 analysts.
  • The company reported $1.68 earnings per share, exceeding the consensus estimate of $1.31, and saw a 13.3% increase in quarterly revenue, reaching $167.70 billion.
  • MarketBeat previews the top five stocks to own by November 1st.

Amazon.com, Inc. (NASDAQ:AMZN)'s share price was up 1.7% on Monday . The company traded as high as $220.68 and last traded at $220.07. Approximately 37,362,360 shares traded hands during mid-day trading, a decline of 16% from the average daily volume of 44,255,039 shares. The stock had previously closed at $216.37.

Analyst Upgrades and Downgrades

A number of analysts have weighed in on AMZN shares. Bank of America increased their price target on shares of Amazon.com from $265.00 to $272.00 and gave the company a "buy" rating in a report on Friday, August 1st. Evercore ISI reaffirmed an "outperform" rating and set a $280.00 price objective on shares of Amazon.com in a report on Wednesday, August 13th. Susquehanna raised their price objective on shares of Amazon.com from $225.00 to $260.00 and gave the stock a "positive" rating in a report on Friday, August 1st. Monness Crespi & Hardt raised their price objective on shares of Amazon.com from $265.00 to $275.00 and gave the stock a "buy" rating in a report on Friday, August 1st. Finally, Citigroup reaffirmed an "overweight" rating on shares of Amazon.com in a report on Wednesday, August 13th. Three investment 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 stock. According to MarketBeat.com, the stock has a consensus rating of "Buy" and a consensus target price of $266.26.

View Our Latest Research Report on Amazon.com

Amazon.com Stock Up 1.7%

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 stock has a market cap of $2.35 trillion, a price-to-earnings ratio of 33.55, a PEG ratio of 1.43 and a beta of 1.28. The firm's 50-day simple moving average is $225.94 and its two-hundred day simple moving average is $211.97.

Amazon.com (NASDAQ:AMZN - Get Free Report) last posted its quarterly earnings data 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. The firm had revenue of $167.70 billion during the quarter, compared to analysts' expectations of $161.80 billion. Amazon.com had a net margin of 10.54% and a return on equity of 23.84%. The company's quarterly revenue was up 13.3% compared to the same quarter last year. During the same quarter last year, the company posted $1.26 EPS. Amazon.com has set its Q3 2025 guidance at EPS. On average, sell-side analysts expect that Amazon.com, Inc. will post 6.31 EPS for the current fiscal year.

Insider Activity at Amazon.com

In related news, 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 transaction of $3,953,635.00. Following the transaction, the chief financial officer owned 49,000 shares of the company's stock, valued at $10,914,260. This trade represents a 26.59% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Douglas J. Herrington sold 2,500 shares of Amazon.com stock in a transaction that occurred on Wednesday, October 1st. The stock was sold at an average price of $217.10, for a total transaction of $542,750.00. Following the transaction, the chief executive officer directly owned 515,507 shares in the company, valued at $111,916,569.70. The trade was a 0.48% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 11,597,911 shares of company stock worth $2,652,463,783 over the last 90 days. Insiders own 9.70% of the company's stock.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of the stock. Diversified Enterprises LLC lifted its stake in Amazon.com by 1.2% in the third quarter. Diversified Enterprises LLC now owns 22,286 shares of the e-commerce giant's stock valued at $4,893,000 after buying an additional 264 shares in the last quarter. Navigoe LLC lifted its stake in Amazon.com by 61.0% in the third quarter. Navigoe LLC now owns 599 shares of the e-commerce giant's stock valued at $131,000 after buying an additional 227 shares in the last quarter. Spinnaker Investment Group LLC lifted its stake in Amazon.com by 25.2% in the third quarter. Spinnaker Investment Group LLC now owns 6,074 shares of the e-commerce giant's stock valued at $1,334,000 after buying an additional 1,221 shares in the last quarter. Arlington Financial Advisors LLC lifted its stake in Amazon.com by 7.0% in the third quarter. Arlington Financial Advisors LLC now owns 42,583 shares of the e-commerce giant's stock valued at $9,350,000 after buying an additional 2,775 shares in the last quarter. Finally, Charles Schwab Trust Co lifted its stake in Amazon.com by 11.7% in the third quarter. Charles Schwab Trust Co now owns 9,684 shares of the e-commerce giant's stock valued at $2,126,000 after buying an additional 1,015 shares in the last quarter. Institutional investors own 72.20% of the company's stock.

Amazon.com Company Profile

(Get Free Report)

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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This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.

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