Amazon.com, Inc. (NASDAQ:AMZN) Given Consensus Rating of “Buy” by Brokerages

Shares of Amazon.com, Inc. (NASDAQ:AMZN) have been given an average recommendation of “Buy” by the fifty-eight ratings firms that are covering the firm, Marketbeat Ratings reports. One analyst has rated the stock with a sell rating, fifty-five have issued a buy rating and two have issued a strong buy rating on the company. The average 12 month target price among analysts that have covered the stock in the last year is $293.1698.

Several research analysts have recently issued reports on the stock. The Goldman Sachs Group upped their target price on shares of Amazon.com from $240.00 to $275.00 and gave the company a “buy” rating in a report on Friday, October 3rd. Roth Capital upped their price objective on shares of Amazon.com from $250.00 to $270.00 and gave the company a “buy” rating in a research note on Friday, October 31st. Wells Fargo & Company lifted their target price on Amazon.com from $280.00 to $292.00 and gave the stock an “overweight” rating in a research report on Friday, October 31st. Jefferies Financial Group reissued a “buy” rating on shares of Amazon.com in a report on Monday, October 20th. Finally, Citizens Jmp upped their target price on Amazon.com from $285.00 to $300.00 and gave the company a “market outperform” rating in a research report on Friday, October 31st.

Insiders Place Their Bets

In other news, CEO Matthew S. Garman sold 17,785 shares of the firm’s stock in a transaction that occurred 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 transaction, the chief executive officer directly owned 3,138 shares in the company, valued at approximately $695,286.66. This trade represents a 85.00% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CEO Andrew R. Jassy sold 19,872 shares of Amazon.com stock in a transaction on Thursday, August 21st. The shares were sold at an average price of $221.58, for a total transaction of $4,403,237.76. Following the completion of the transaction, the chief executive officer directly owned 2,178,502 shares in the company, valued at $482,712,473.16. The trade was a 0.90% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last three months, insiders sold 128,084 shares of company stock valued at $29,405,457. 9.70% of the stock is owned by insiders.

Institutional Investors Weigh In On Amazon.com

Several hedge funds have recently made changes to their positions in the business. Vanguard Group Inc. increased its stake in Amazon.com by 2.1% in the 2nd quarter. Vanguard Group Inc. now owns 849,721,601 shares of the e-commerce giant’s stock valued at $186,420,422,000 after buying an additional 17,447,045 shares during the period. State Street Corp boosted its holdings in shares of Amazon.com by 1.4% in the second quarter. State Street Corp now owns 374,097,285 shares of the e-commerce giant’s stock valued at $82,073,203,000 after acquiring an additional 5,163,208 shares in the last quarter. Geode Capital Management LLC increased its stake in shares of Amazon.com by 1.7% during the second quarter. Geode Capital Management LLC now owns 216,717,657 shares of the e-commerce giant’s stock worth $47,332,625,000 after acquiring an additional 3,721,658 shares during the period. Kingstone Capital Partners Texas LLC raised its holdings in Amazon.com by 542,733.6% during the second quarter. Kingstone Capital Partners Texas LLC now owns 132,641,388 shares of the e-commerce giant’s stock worth $29,100,194,000 after purchasing an additional 132,616,953 shares in the last quarter. Finally, Norges Bank acquired a new stake in Amazon.com in the second quarter valued at about $27,438,011,000. Institutional investors and hedge funds own 72.20% of the company’s stock.

Amazon.com Trading Up 0.6%

AMZN opened at $244.41 on Tuesday. 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 has a one year low of $161.38 and a one year high of $258.60. The company has a market cap of $2.61 trillion, a P/E ratio of 37.26, a PEG ratio of 1.52 and a beta of 1.29. The business’s 50-day simple moving average is $227.39 and its 200-day simple moving average is $218.75.

Amazon.com (NASDAQ:AMZN) last announced 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. The firm had revenue of $180.17 billion during the quarter, compared to the consensus estimate of $177.53 billion. Amazon.com had a return on equity of 23.84% and a net margin of 10.54%.The firm’s quarterly revenue was up 13.4% compared to the same quarter last year. During the same period in the prior year, the company posted $1.43 earnings per share. Amazon.com has set its Q4 2025 guidance at EPS. As a group, equities research analysts expect that Amazon.com will post 6.31 EPS for the current fiscal 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.