Amazon.com, Inc. (NASDAQ:AMZN) Stock Has Consensus Price Target of $321.74 According to Brokerages

Shares of Amazon.com, Inc. (NASDAQ:AMZN) have earned an average rating of “Moderate Buy” from the sixty research firms that are presently covering the company, MarketBeat reports. Three investment analysts have rated the stock with a hold recommendation, fifty-five have issued a buy recommendation and two have assigned a strong buy recommendation to the company. The average twelve-month target price among brokers that have updated their coverage on the stock in the last year is $321.74.

AMZN has been the topic of a number of research analyst reports. Deutsche Bank reissued a “buy” rating and issued a $325.00 price target (up from $315.00) on shares of Amazon.com in a report on Friday, July 31st. Yorkville Ives began coverage on Amazon.com in a research note on Monday, October 19th. They issued an “outperform” rating and a $300.00 target price on the stock. Raymond James Financial restated an “outperform” rating and set a $250.00 price target on shares of Amazon.com in a research report on Friday, October 30th. Tigress Financial reaffirmed a “buy” rating and set a $385.00 price target (up from $315.00) on shares of Amazon.com in a research note on Tuesday, October 6th. Finally, TD Cowen reaffirmed a “buy” rating and set a $340.00 price target (down from $350.00) on shares of Amazon.com in a research note on Friday, October 30th.

Insider Activity at Amazon.com

In other Amazon.com news, CEO Matthew Garman sold 14,541 shares of the stock in a transaction that occurred on Friday, August 21st. The shares were sold at an average price of $259.06, for a total transaction of $3,766,991.46. Following the transaction, the chief executive officer directly owned 17,794 shares in the company, valued at $4,609,713.64. This trade represents a 44.97% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Douglas J. Herrington sold 6,362 shares of the stock in a transaction that occurred on Friday, August 21st. The shares were sold at an average price of $259.01, for a total transaction of $1,647,821.62. Following the transaction, the chief executive officer owned 476,681 shares in the company, valued at $123,465,145.81. The trade was a 1.32% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold a total of 71,589 shares of company stock worth $18,545,595 in the last quarter. 8.90% of the stock is owned by company insiders.

Hedge Funds Weigh In On Amazon.com

Several institutional investors and hedge funds have recently made changes to their positions in the business. Trust Asset Management LLC lifted its position in Amazon.com by 3.3% in the second quarter. Trust Asset Management LLC now owns 107,563 shares of the e-commerce giant’s stock valued at $26,000 after purchasing an additional 3,414 shares during the last quarter. TOP Private Wealth LLC. bought a new position in shares of Amazon.com in the second quarter worth approximately $29,000. Bard Associates Inc. bought a new position in shares of Amazon.com in the second quarter worth approximately $32,000. Longfellow Investment Management Co. LLC purchased a new position in shares of Amazon.com in the second quarter worth $33,000. Finally, Atomic Invest LLC increased its stake in shares of Amazon.com by 41.2% in the second quarter. Atomic Invest LLC now owns 168 shares of the e-commerce giant’s stock worth $40,000 after buying an additional 49 shares during the period. Institutional investors own 72.20% of the company’s stock.

Key Amazon.com News

Investors following AMZN have been watching these news items:

• Positive Sentiment: Amazon’s planned World Product Graph would catalog products available across the internet, including items Amazon doesn’t stock. If it makes Amazon a starting point for more shopping searches, it could strengthen product discovery and attract advertising revenue. Reuters article
• Positive Sentiment: Amazon remains an AI and cloud growth story: a recent investor article cited AWS revenue growth of 39% and projected growth above 40% in 2027 and 2028. Continued cloud momentum may support the investment case. The Motley Fool article
• Neutral Sentiment: A planned launch of 40 Amazon Leo satellites could advance its satellite-internet service, although the launch itself does not establish the service’s eventual commercial returns. TipRanks article

Amazon.com Stock Down 0.3%

AMZN stock opened at $266.66 on Friday. The company has a current ratio of 0.99, a quick ratio of 0.82 and a debt-to-equity ratio of 0.28. The company’s 50 day moving average is $254.82 and its 200 day moving average is $244.32. The stock has a market cap of $2.88 trillion, a price-to-earnings ratio of 21.56, a price-to-earnings-growth ratio of 2.03 and a beta of 1.49. Amazon.com has a 1-year low of $196.00 and a 1-year high of $287.20.

Amazon.com (NASDAQ:AMZN) last announced its earnings results on Thursday, October 29th. The e-commerce giant reported $1.89 earnings per share for the quarter, missing analysts’ consensus estimates of $1.97 by ($0.08). Amazon.com had a net margin of 16.90% and a return on equity of 15.72%. The company had revenue of $201.94 billion during the quarter, compared to analysts’ expectations of $202.22 billion. During the same period in the prior year, the business earned $1.95 earnings per share. The company’s revenue for the quarter was up 12.1% compared to the same quarter last year. Sell-side analysts predict that Amazon.com will post 7.80 EPS for the current fiscal year.

About Amazon.com

Amazon.com, Inc. is a technology and e-commerce company founded by Jeff Bezos in 1994 as an online bookstore. It has since grown into a global business serving consumers, sellers, developers, enterprises and content creators. Amazon operates online stores and marketplaces, where it sells products directly and enables third-party sellers to reach customers. Its other businesses include Amazon Web Services, which provides cloud computing and related services; digital advertising; Prime memberships; and entertainment offerings such as streaming video and music.