Amazon.com (NASDAQ:AMZN) Trading Up 2.6% Following Analyst Upgrade

Key Points

• Amazon.com (NASDAQ:AMZN) saw a 2.6% increase in stock price after CIBC raised its price target to $315.00, contributing to a trading volume increase of 9% from average levels.
• Analyst ratings remain strong, with three analysts rating the stock as a Strong Buy and a consensus price target of $267.27.
• Insider selling was prominent, with CFO Brian T. Olsavsky and CEO Matthew S. Garman selling significant shares, which reduced their ownership stakes by 26.59% and 85%, respectively.

Amazon.com, Inc. (NASDAQ:AMZN) traded up 2.6% on Tuesday after CIBC raised their price target on the stock to $315.00. The company traded as high as $223.32 and last traded at $222.03. 48,227,536 shares traded hands during trading, an increase of 9% from the average session volume of 44,235,473 shares. The stock had previously closed at $216.48.

Several other analysts have also weighed in on AMZN. Jefferies Financial Group restated a "buy" rating on shares of Amazon.com in a report on Monday. Evercore ISI restated an "outperform" rating and issued a $280.00 price objective on shares of Amazon.com in a report on Wednesday, August 13th. Mizuho set a $300.00 price objective on Amazon.com and gave the company an "outperform" rating in a report on Monday, September 29th. BMO Capital Markets boosted their target price on Amazon.com from $270.00 to $280.00 and gave the stock an "outperform" rating in a research report on Friday, August 1st. Finally, Bank of America boosted their target price on Amazon.com from $265.00 to $272.00 and gave the stock a "buy" rating in a research report on Friday, August 1st. Three equities research analysts have rated the stock with a Strong Buy rating, forty-seven have issued a Buy rating and one has given a Hold rating to the company's stock. According to MarketBeat.com, the stock currently has an average rating of "Buy" and a consensus price target of $267.27.

Insider Transactions at Amazon.com

In other Amazon.com news, CFO Brian T. Olsavsky sold 17,750 shares of the business's stock in a transaction dated Thursday, August 21st. The stock was sold at an average price of $222.74, for a total value of $3,953,635.00. Following the transaction, the chief financial officer owned 49,000 shares in the company, valued at $10,914,260. The trade was a 26.59% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CEO Matthew S. Garman sold 17,785 shares of the company's stock in a transaction dated Thursday, August 21st. The stock was sold at an average price of $221.57, for a total value of $3,940,622.45. Following the sale, the chief executive officer owned 3,138 shares of the company's stock, valued at approximately $695,286.66. This trade represents a 85.00% decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 4,252,009 shares of company stock valued at $976,047,640. Corporate insiders own 10.80% of the company's stock.

Institutional Trading of Amazon.com

Several hedge funds have recently added to or reduced their stakes in the business. Capital Advisors Inc. OK boosted its stake in Amazon.com by 0.5% during the 3rd quarter. Capital Advisors Inc. OK now owns 741,109 shares of the e-commerce giant's stock valued at $162,725,000 after purchasing an additional 3,785 shares during the period. Davis Capital Management bought a new stake in Amazon.com during the 3rd quarter valued at approximately $2,669,000. Verity & Verity LLC raised its holdings in Amazon.com by 9.3% in the 3rd quarter. Verity & Verity LLC now owns 1,834 shares of the e-commerce giant's stock valued at $403,000 after acquiring an additional 156 shares in the last quarter. Fogel Capital Management Inc. raised its holdings in Amazon.com by 10.9% in the 3rd quarter. Fogel Capital Management Inc. now owns 19,097 shares of the e-commerce giant's stock valued at $4,193,000 after acquiring an additional 1,873 shares in the last quarter. Finally, Hedeker Wealth LLC raised its holdings in Amazon.com by 1.7% in the 3rd quarter. Hedeker Wealth LLC now owns 72,675 shares of the e-commerce giant's stock valued at $15,957,000 after acquiring an additional 1,185 shares in the last quarter. Institutional investors own 72.20% of the company's stock.

Amazon.com Stock Performance

The firm has a fifty day simple moving average of $225.56 and a 200 day simple moving average of $213.20. The company has a current ratio of 1.02, a quick ratio of 0.81 and a debt-to-equity ratio of 0.15. The stock has a market cap of $2.37 trillion, a price-to-earnings ratio of 33.85, a PEG ratio of 1.41 and a beta of 1.28.

Amazon.com (NASDAQ:AMZN - Get Free Report) last posted its quarterly earnings results on Thursday, July 31st. The e-commerce giant reported $1.68 EPS 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 return on equity of 23.84% and a net margin of 10.54%.The company'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 posted $1.26 EPS. Amazon.com has set its Q3 2025 guidance at EPS. As a group, sell-side analysts expect 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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