Amazon.com (NASDAQ:AMZN) Price Target Raised to $250.00 at Wedbush

Amazon.com (NASDAQ:AMZN) had its price target hoisted by Wedbush from $225.00 to $250.00 in a research report sent to investors on Friday, Benzinga reports. The firm currently has an outperform rating on the e-commerce giant’s stock. Wedbush also issued estimates for Amazon.com’s Q4 2024 earnings at $1.56 EPS, FY2024 earnings at $5.35 EPS, Q1 2025 earnings at $1.49 EPS, Q2 2025 earnings at $1.52 EPS, Q3 2025 earnings at $1.67 EPS, Q4 2025 earnings at $1.92 EPS, FY2025 earnings at $6.60 EPS and FY2026 earnings at $7.74 EPS.

A number of other research firms have also weighed in on AMZN. JMP Securities upped their target price on Amazon.com from $265.00 to $285.00 and gave the stock a “market outperform” rating in a report on Friday. UBS Group increased their price objective on Amazon.com from $220.00 to $223.00 and gave the company a “buy” rating in a report on Monday, October 28th. Benchmark increased their price objective on Amazon.com from $200.00 to $215.00 and gave the company a “buy” rating in a report on Friday. Wolfe Research began coverage on Amazon.com in a report on Tuesday, July 16th. They set an “outperform” rating and a $250.00 price objective for the company. Finally, TD Cowen increased their price objective on Amazon.com from $230.00 to $240.00 and gave the company a “buy” rating in a report on Friday. Two equities research analysts have rated the stock with a hold rating, forty-one have given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, Amazon.com currently has a consensus rating of “Moderate Buy” and an average price target of $244.11.

Amazon.com Stock Up 6.2 %

Amazon.com stock traded up $11.53 during mid-day trading on Friday, reaching $197.93. 99,687,847 shares of the company were exchanged, compared to its average volume of 41,329,359. The business has a fifty day moving average of $184.82 and a 200 day moving average of $183.75. The company has a debt-to-equity ratio of 0.23, a quick ratio of 0.88 and a current ratio of 1.10. The firm has a market cap of $2.08 trillion, a P/E ratio of 47.35, a PEG ratio of 1.46 and a beta of 1.14. Amazon.com has a 12-month low of $136.47 and a 12-month high of $201.20.

Amazon.com (NASDAQ:AMZN) last posted its earnings results on Thursday, October 31st. The e-commerce giant reported $1.43 earnings per share for the quarter, topping analysts’ consensus estimates of $1.14 by $0.29. The company had revenue of $158.88 billion during the quarter, compared to analyst estimates of $157.28 billion. Amazon.com had a return on equity of 21.39% and a net margin of 7.35%. Amazon.com’s revenue was up 11.0% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.85 earnings per share. Research analysts anticipate that Amazon.com will post 4.84 earnings per share for the current fiscal year.

Insider Transactions at Amazon.com

In related news, CFO Brian T. Olsavsky sold 14,600 shares of the company’s stock in a transaction that occurred on Wednesday, August 21st. The stock was sold at an average price of $180.00, for a total value of $2,628,000.00. Following the transaction, the chief financial officer now directly owns 49,000 shares in the company, valued at approximately $8,820,000. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. In related news, CFO Brian T. Olsavsky sold 14,600 shares of the company’s stock in a transaction that occurred on Wednesday, August 21st. The stock was sold at an average price of $180.00, for a total value of $2,628,000.00. Following the transaction, the chief financial officer now directly owns 49,000 shares in the company, valued at approximately $8,820,000. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, SVP David Zapolsky sold 2,190 shares of the company’s stock in a transaction that occurred on Tuesday, September 24th. The shares were sold at an average price of $195.00, for a total value of $427,050.00. Following the completion of the transaction, the senior vice president now owns 62,420 shares in the company, valued at $12,171,900. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 50,855 shares of company stock worth $9,215,048 in the last ninety days. Insiders own 10.80% of the company’s stock.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the business. Cambridge Advisors Inc. raised its position in Amazon.com by 1.5% in the first quarter. Cambridge Advisors Inc. now owns 4,625 shares of the e-commerce giant’s stock valued at $834,000 after purchasing an additional 70 shares during the period. Kathmere Capital Management LLC raised its position in Amazon.com by 71.5% in the first quarter. Kathmere Capital Management LLC now owns 8,776 shares of the e-commerce giant’s stock valued at $1,583,000 after purchasing an additional 3,658 shares during the period. Norway Savings Bank raised its position in Amazon.com by 3.6% in the first quarter. Norway Savings Bank now owns 26,688 shares of the e-commerce giant’s stock valued at $4,814,000 after purchasing an additional 933 shares during the period. New England Research & Management Inc. raised its position in Amazon.com by 5.9% in the first quarter. New England Research & Management Inc. now owns 9,413 shares of the e-commerce giant’s stock valued at $1,698,000 after purchasing an additional 525 shares during the period. Finally, Silverleafe Capital Partners LLC raised its position in Amazon.com by 7.8% in the first quarter. Silverleafe Capital Partners LLC now owns 4,570 shares of the e-commerce giant’s stock valued at $824,000 after purchasing an additional 330 shares during the period. 72.20% of the stock is currently owned by institutional investors and hedge funds.

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.