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Wedbush reiterated their outperform rating on shares of Amazon.com (NASDAQ:AMZN) in a report released on Friday,Benzinga reports. They currently have a $250.00 price objective on the e-commerce giant’s stock.
Other research analysts have also recently issued research reports about the company. Barclays boosted their price target on Amazon.com from $240.00 to $275.00 and gave the stock an “overweight” rating in a research note on Friday, August 1st. Telsey Advisory Group restated an “outperform” rating and issued a $265.00 price target on shares of Amazon.com in a research note on Wednesday, August 13th. Citigroup restated an “overweight” rating on shares of Amazon.com in a research note on Wednesday, August 13th. Jefferies Financial Group restated a “buy” rating on shares of Amazon.com in a research note on Thursday, September 11th. Finally, Pivotal Research boosted their price target on Amazon.com from $260.00 to $285.00 and gave the stock a “buy” rating in a research note on Friday, August 1st. Two analysts have rated the stock with a Strong Buy rating, forty-six have assigned a Buy rating and two have given a Hold rating to the stock. According to data from MarketBeat.com, Amazon.com has a consensus rating of “Buy” and an average price target of $263.30.
Check Out Our Latest Stock Analysis on AMZN
Amazon.com Stock Up 0.1%
Shares of NASDAQ:AMZN opened at $231.48 on Friday. The stock has a fifty day simple moving average of $227.81 and a two-hundred day simple moving average of $209.49. The stock has a market capitalization of $2.47 trillion, a price-to-earnings ratio of 35.29, a PEG ratio of 1.55 and a beta of 1.31. Amazon.com has a 12-month low of $161.38 and a 12-month high of $242.52. 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 (NASDAQ:AMZN – Get Free Report) last posted its quarterly earnings results on Thursday, July 31st. The e-commerce giant reported $1.68 earnings per share for the quarter, topping the consensus estimate of $1.31 by $0.37. Amazon.com had a return on equity of 23.84% and a net margin of 10.54%.The firm had revenue of $167.70 billion during the quarter, compared to analysts’ expectations of $161.80 billion. During the same quarter in the previous year, the business earned $1.26 earnings per share. The company’s revenue was up 13.3% on a year-over-year basis. Amazon.com has set its Q3 2025 guidance at EPS. On average, research analysts anticipate that Amazon.com will post 6.31 earnings per share for the current fiscal year.
Insider Buying and Selling at Amazon.com
In other news, insider Jeffrey P. Bezos sold 4,273,237 shares of the company’s stock in a transaction dated Friday, July 11th. The stock was sold at an average price of $224.81, for a total value of $960,666,409.97. Following the completion of the transaction, the insider owned 897,722,088 shares of the company’s stock, valued at $201,816,902,603.28. This represents a 0.47% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Insiders sold a total of 25,097,911 shares of company stock valued at $5,676,032,574 over the last three months. Corporate insiders own 10.80% of the company’s stock.
Hedge Funds Weigh In On Amazon.com
Hedge funds have recently made changes to their positions in the business. Castlekeep Investment Advisors LLC bought a new position in Amazon.com during the fourth quarter valued at approximately $25,000. Carderock Capital Management Inc. bought a new position in Amazon.com during the second quarter valued at approximately $27,000. Cooksen Wealth LLC bought a new position in Amazon.com during the first quarter valued at approximately $36,000. Inlight Wealth Management LLC bought a new position in Amazon.com during the first quarter valued at approximately $40,000. Finally, Capitol Family Office Inc. bought a new position in Amazon.com during the first quarter valued at approximately $42,000. 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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