Stifel Nicolaus Issues Positive Forecast for Amazon.com (NASDAQ:AMZN) Stock Price

Key Points

• Stifel Nicolaus has raised its target price for Amazon.com (NASDAQ:AMZN) from $260.00 to $269.00, indicating a potential upside of 21.67% from the stock's previous close, while maintaining a "buy" rating.
• Barclays and Goldman Sachs have also increased their price targets for Amazon.com to $275.00, with both firms assigning "overweight" and "buy" ratings respectively.
• Amazon.com reported $1.68 earnings per share for the last quarter, surpassing analysts' expectations of $1.31, and achieved revenue of $167.70 billion, up 13.3% year-over-year.

Amazon.com (NASDAQ:AMZN) had its target price upped by analysts at Stifel Nicolaus from $260.00 to $269.00 in a research report issued to clients and investors on Friday,MarketScreener reports. The brokerage currently has a "buy" rating on the e-commerce giant's stock. Stifel Nicolaus' price target points to a potential upside of 21.67% from the stock's previous close.

AMZN has been the topic of several other reports. Barclays lifted their price target on shares of Amazon.com from $240.00 to $275.00 and gave the stock an "overweight" rating in a report on Friday, August 1st. The Goldman Sachs Group increased their price target on Amazon.com from $240.00 to $275.00 and gave the company a "buy" rating in a research note on Friday, October 3rd. Bank of America raised their price target on Amazon.com from $265.00 to $272.00 and gave the stock a "buy" rating in a report on Friday, August 1st. Citigroup restated an "overweight" rating on shares of Amazon.com in a research note on Wednesday, August 13th. Finally, Truist Financial increased their price objective on shares of Amazon.com from $250.00 to $270.00 and gave the company a "buy" rating in a research report on Tuesday, September 16th. Four investment analysts have rated the stock with a Strong Buy rating and forty-eight have assigned a Buy rating to the company's stock. According to MarketBeat, Amazon.com has a consensus rating of "Buy" and a consensus price target of $268.69.

Amazon.com Stock Performance

Shares of Amazon.com stock opened at $221.09 on Friday. The company has a market capitalization of $2.36 trillion, a PE ratio of 33.70, a P/E/G ratio of 1.44 and a beta of 1.28. The company has a 50-day simple moving average of $225.24 and a two-hundred day simple moving average of $213.61. Amazon.com has a one year low of $161.38 and a one year high of $242.52. The company has a debt-to-equity ratio of 0.15, a quick ratio of 0.81 and a current ratio of 1.02.

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 analysts' consensus estimates of $1.31 by $0.37. The firm had revenue of $167.70 billion for the quarter, compared to the consensus estimate 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 in the previous year, the firm earned $1.26 EPS. Amazon.com has set its Q3 2025 guidance at EPS. Research analysts expect that Amazon.com will post 6.31 EPS for the current fiscal year.

Insider Buying and Selling at Amazon.com

In other Amazon.com news, SVP David Zapolsky sold 13,570 shares of Amazon.com stock in a transaction that occurred on Friday, August 22nd. The shares were sold at an average price of $222.76, for a total transaction of $3,022,853.20. Following the completion of the sale, 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 position. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, CEO Douglas J. Herrington sold 2,500 shares of the stock in a transaction 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 completion of the sale, the chief executive officer 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. In the last 90 days, insiders sold 97,911 shares of company stock worth $21,765,202. Corporate insiders own 9.70% of the company's stock.

Hedge Funds Weigh In On Amazon.com

A number of institutional investors have recently modified their holdings of the stock. MASTERINVEST Kapitalanlage GmbH lifted its holdings in shares of Amazon.com by 2.0% in the 3rd quarter. MASTERINVEST Kapitalanlage GmbH now owns 151,362 shares of the e-commerce giant's stock valued at $33,235,000 after buying an additional 3,012 shares during the period. Hudock Inc. lifted its holdings in Amazon.com by 5.7% in the third quarter. Hudock Inc. now owns 9,432 shares of the e-commerce giant's stock valued at $2,071,000 after acquiring an additional 507 shares during the period. Sumitomo Mitsui DS Asset Management Company Ltd boosted its position in Amazon.com by 2.1% in the 3rd quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 1,541,556 shares of the e-commerce giant's stock worth $338,479,000 after purchasing an additional 32,142 shares in the last quarter. Bay Colony Advisory Group Inc d b a Bay Colony Advisors increased its holdings in shares of Amazon.com by 3.2% during the 3rd quarter. Bay Colony Advisory Group Inc d b a Bay Colony Advisors now owns 95,756 shares of the e-commerce giant's stock valued at $21,025,000 after purchasing an additional 2,935 shares in the last quarter. Finally, Farnam Financial LLC boosted its holdings in Amazon.com by 1.1% during the third quarter. Farnam Financial LLC now owns 10,162 shares of the e-commerce giant's stock worth $2,231,000 after buying an additional 114 shares in the last quarter. Hedge funds and other institutional investors 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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