KeyCorp Forecasts Strong Price Appreciation for Amazon.com (NASDAQ:AMZN) Stock

Amazon.com (NASDAQ:AMZN) had its target price lifted by equities research analysts at KeyCorp from $300.00 to $303.00 in a research note issued to investors on Friday, Marketbeat.com reports. The firm currently has an “overweight” rating on the e-commerce giant’s stock. KeyCorp’s price objective points to a potential upside of 24.07% from the stock’s previous close.

Other analysts also recently issued reports about the company. BMO Capital Markets reissued an “outperform” rating and set a $300.00 price objective on shares of Amazon.com in a research report on Friday. Oppenheimer cut their price objective on Amazon.com from $250.00 to $245.00 and set an “outperform” rating for the company in a research report on Friday, August 1st. Bank of America raised their price objective on Amazon.com from $272.00 to $303.00 and gave the stock a “buy” rating in a research report on Friday. Barclays reissued an “overweight” rating and set a $300.00 price objective (up from $275.00) on shares of Amazon.com in a research report on Friday. Finally, Weiss Ratings downgraded Amazon.com from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Friday, October 24th. Three research analysts have rated the stock with a Strong Buy rating, forty-nine have assigned a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, Amazon.com presently has an average rating of “Buy” and a consensus price target of $289.88.

Amazon.com Stock Up 9.6%

Shares of AMZN opened at $244.22 on Friday. Amazon.com has a 52-week low of $161.38 and a 52-week high of $250.50. The company has a market capitalization of $2.60 trillion, a PE ratio of 37.23, a price-to-earnings-growth ratio of 1.52 and a beta of 1.28. The stock has a fifty day simple moving average of $225.49 and a two-hundred day simple moving average of $216.08. The company has a quick ratio of 0.81, a current ratio of 1.02 and a debt-to-equity ratio of 0.15.

Amazon.com (NASDAQ:AMZN) last issued its quarterly earnings data on Thursday, October 30th. The e-commerce giant reported $1.95 earnings per share (EPS) for the quarter, topping 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 company’s quarterly revenue was up 13.4% on a year-over-year basis. During the same period last year, the company earned $1.43 EPS. Amazon.com has set its Q4 2025 guidance at EPS. As a group, equities analysts forecast that Amazon.com will post 6.31 EPS for the current year.

Insider Buying and Selling

In other Amazon.com news, CEO Matthew S. Garman sold 17,785 shares of Amazon.com stock in a transaction dated Thursday, August 21st. The stock was sold at an average price of $221.57, for a total value of $3,940,622.45. Following the completion of the transaction, the chief executive officer directly owned 3,138 shares of the company’s stock, valued at $695,286.66. The trade was a 85.00% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, CEO Douglas J. Herrington sold 6,835 shares of Amazon.com stock in a transaction dated Thursday, August 21st. The shares were sold at an average price of $221.62, for a total value of $1,514,772.70. Following the completion of the transaction, the chief executive officer owned 520,507 shares of the company’s stock, valued at $115,354,761.34. The trade was a 1.30% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold a total of 95,411 shares of company stock worth $21,222,702 over the last 90 days. 9.70% of the stock is owned by insiders.

Hedge Funds Weigh In On Amazon.com

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Fairway Wealth LLC boosted its stake in shares of Amazon.com by 113.2% in the 3rd quarter. Fairway Wealth LLC now owns 113 shares of the e-commerce giant’s stock valued at $25,000 after buying an additional 60 shares during the period. Sellwood Investment Partners LLC purchased a new position in shares of Amazon.com in the 3rd quarter valued at about $27,000. Carderock Capital Management Inc. purchased a new position in shares of Amazon.com in the 2nd quarter valued at about $27,000. Cooksen Wealth LLC purchased a new position in shares of Amazon.com in the 1st quarter valued at about $36,000. Finally, Inlight Wealth Management LLC purchased a new position in shares of Amazon.com in the 1st quarter valued at about $40,000. Hedge funds and other institutional investors own 72.20% of the company’s stock.

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.