Rosenblatt Securities Raises Amazon.com (NASDAQ:AMZN) Price Target to $305.00

Amazon.com (NASDAQ:AMZN) had its target price lifted by analysts at Rosenblatt Securities from $298.00 to $305.00 in a note issued to investors on Friday, MarketBeat reports. The firm presently has a “buy” rating on the e-commerce giant’s stock. Rosenblatt Securities’ price target indicates a potential upside of 24.89% from the company’s previous close.

AMZN has been the topic of a number of other research reports. Wolfe Research increased their price objective on shares of Amazon.com from $265.00 to $270.00 in a research note on Tuesday, September 30th. Canaccord Genuity Group reiterated a “buy” rating and issued a $280.00 price objective on shares of Amazon.com in a research note on Friday, August 1st. Wedbush increased their price objective on shares of Amazon.com from $250.00 to $280.00 and gave the stock an “outperform” rating in a research note on Friday, October 24th. Pivotal Research increased their price objective on shares of Amazon.com from $260.00 to $285.00 and gave the stock a “buy” rating in a research note on Friday, August 1st. Finally, Telsey Advisory Group increased their price objective on shares of Amazon.com from $265.00 to $300.00 and gave the stock an “outperform” rating in a research note on Friday. Three equities research analysts have rated the stock with a Strong Buy rating, forty-nine have given a Buy rating, one has given a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Buy” and a consensus target price of $289.88.

Amazon.com Trading Up 9.6%

Shares of Amazon.com stock opened at $244.22 on Friday. The company has a current ratio of 1.02, a quick ratio of 0.81 and a debt-to-equity ratio of 0.15. Amazon.com has a 12-month low of $161.38 and a 12-month high of $250.50. The firm has a market capitalization of $2.60 trillion, a price-to-earnings ratio of 37.23, a PEG ratio of 1.52 and a beta of 1.28. The firm’s 50 day simple moving average is $225.49 and its two-hundred day simple moving average is $216.08.

Amazon.com (NASDAQ:AMZN) last issued its quarterly earnings results on Thursday, October 30th. The e-commerce giant reported $1.95 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.57 by $0.38. Amazon.com had a net margin of 10.54% and a return on equity of 23.84%. The business had revenue of $180.17 billion for the quarter, compared to analyst estimates of $177.53 billion. During the same quarter in the prior year, the business posted $1.43 EPS. Amazon.com’s revenue for the quarter was up 13.4% compared to the same quarter last year. Amazon.com has set its Q4 2025 guidance at EPS. Analysts predict that Amazon.com will post 6.31 EPS for the current year.

Insider Activity

In related news, CEO Matthew S. Garman sold 17,785 shares of the stock in a transaction on Thursday, August 21st. The shares were sold at an average price of $221.57, for a total transaction of $3,940,622.45. Following the sale, the chief executive officer directly owned 3,138 shares of the company’s stock, valued at approximately $695,286.66. This represents a 85.00% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, CEO Andrew R. Jassy sold 19,872 shares of the stock in a transaction on Thursday, August 21st. The stock was sold at an average price of $221.58, for a total transaction of $4,403,237.76. Following the sale, the chief executive officer directly owned 2,178,502 shares in the company, valued at $482,712,473.16. This trade represents a 0.90% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold a total of 95,411 shares of company stock valued at $21,222,702 in the last three months. Corporate insiders own 9.70% of the company’s stock.

Hedge Funds Weigh In On Amazon.com

Several hedge funds and other institutional investors have recently added to or reduced their stakes in AMZN. Fairway Wealth LLC lifted its holdings in Amazon.com by 113.2% during the third quarter. Fairway Wealth LLC now owns 113 shares of the e-commerce giant’s stock valued at $25,000 after purchasing an additional 60 shares in the last quarter. Carderock Capital Management Inc. purchased a new position in Amazon.com during the second quarter valued at $27,000. Sellwood Investment Partners LLC purchased a new position in Amazon.com during the third quarter valued at $27,000. Cooksen Wealth LLC acquired a new stake in shares of Amazon.com in the first quarter valued at about $36,000. Finally, Inlight Wealth Management LLC acquired a new stake in shares of Amazon.com in the first quarter valued at about $40,000. 72.20% of the stock is owned by hedge funds and other institutional investors.

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.