Amazon.com (NASDAQ:AMZN) Price Target Raised to $280.00 at CICC Research

Amazon.com (NASDAQ:AMZN) had its target price upped by CICC Research from $240.00 to $280.00 in a report issued on Wednesday morning,MarketScreener reports. They currently have an outperform rating on the e-commerce giant’s stock.

AMZN has been the topic of several other reports. Zacks Research raised shares of Amazon.com from a “hold” rating to a “strong-buy” rating in a report on Wednesday, October 22nd. BMO Capital Markets reaffirmed an “outperform” rating and issued a $300.00 price target on shares of Amazon.com in a report on Friday, October 31st. Wedbush reaffirmed an “outperform” rating and issued a $340.00 price target on shares of Amazon.com in a report on Monday. Mizuho set a $315.00 price target on shares of Amazon.com and gave the stock an “outperform” rating in a report on Tuesday. Finally, Canaccord Genuity Group set a $300.00 price target on shares of Amazon.com and gave the stock a “buy” rating in a report on Friday, October 31st. Two equities research analysts have rated the stock with a Strong Buy rating, fifty-four have assigned a Buy rating, one has given a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $293.17.

Amazon.com Stock Performance

Amazon.com stock opened at $250.20 on Wednesday. The company has a 50 day moving average price of $226.85 and a 200-day moving average price of $217.72. 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 fifty-two week low of $161.38 and a fifty-two week high of $258.60. The company has a market capitalization of $2.67 trillion, a PE ratio of 38.14, a P/E/G ratio of 1.52 and a beta of 1.28.

Amazon.com (NASDAQ:AMZN) last posted its quarterly earnings results on Thursday, October 30th. The e-commerce giant reported $1.95 earnings per share for the quarter, beating the consensus estimate of $1.57 by $0.38. Amazon.com had a net margin of 10.54% and a return on equity of 23.84%. The firm had revenue of $180.17 billion during the quarter, compared to the consensus estimate of $177.53 billion. During the same quarter in the previous year, the firm posted $1.43 earnings per share. The company’s revenue was up 13.4% on a year-over-year basis. Amazon.com has set its Q4 2025 guidance at EPS. As a group, equities analysts forecast that Amazon.com will post 6.31 earnings per share for the current year.

Insiders Place Their Bets

In other news, CEO Matthew S. Garman sold 17,785 shares of the business’s stock in a transaction dated 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 completion of the sale, the chief executive officer owned 3,138 shares of the company’s stock, valued at $695,286.66. The trade was a 85.00% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, SVP David Zapolsky sold 13,570 shares of the company’s stock in a transaction dated Friday, August 22nd. The stock was sold at an average price of $222.76, for a total transaction of $3,022,853.20. Following the transaction, the senior vice president owned 44,110 shares of the company’s stock, valued at approximately $9,825,943.60. This trade represents a 23.53% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last 90 days, insiders have sold 128,084 shares of company stock valued at $29,405,457. Insiders own 9.70% of the company’s stock.

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of AMZN. Barlow Wealth Partners Inc. raised its holdings in Amazon.com by 0.4% in the 2nd quarter. Barlow Wealth Partners Inc. now owns 12,565 shares of the e-commerce giant’s stock valued at $2,763,000 after acquiring an additional 44 shares during the last quarter. Ridgecrest Wealth Partners LLC raised its holdings in Amazon.com by 0.5% in the 2nd quarter. Ridgecrest Wealth Partners LLC now owns 8,399 shares of the e-commerce giant’s stock valued at $1,843,000 after acquiring an additional 45 shares during the last quarter. Probity Advisors Inc. raised its holdings in Amazon.com by 0.4% in the 2nd quarter. Probity Advisors Inc. now owns 12,157 shares of the e-commerce giant’s stock valued at $2,667,000 after acquiring an additional 45 shares during the last quarter. IMPACTfolio LLC raised its holdings in Amazon.com by 3.8% in the 3rd quarter. IMPACTfolio LLC now owns 1,225 shares of the e-commerce giant’s stock valued at $269,000 after acquiring an additional 45 shares during the last quarter. Finally, Union Savings Bank raised its holdings in Amazon.com by 0.4% in the 2nd quarter. Union Savings Bank now owns 10,723 shares of the e-commerce giant’s stock valued at $2,510,000 after acquiring an additional 45 shares during the last quarter. Institutional investors and hedge funds 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.