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

Amazon.com (NASDAQ:AMZN) had its price objective raised by Wedbush from $225.00 to $250.00 in a report released on Friday morning, Benzinga reports. Wedbush 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 analysts have also recently weighed in on AMZN. TD Cowen raised their price objective on shares of Amazon.com from $230.00 to $240.00 and gave the stock a “buy” rating in a report on Friday. Monness Crespi & Hardt upped their price objective on shares of Amazon.com from $225.00 to $245.00 and gave the company a “buy” rating in a research note on Friday. Robert W. Baird lifted their target price on Amazon.com from $213.00 to $220.00 and gave the stock an “outperform” rating in a research report on Friday. Loop Capital upped their target price on Amazon.com from $750.00 to $800.00 and gave the company a “buy” rating in a research report on Wednesday, October 16th. Finally, Sanford C. Bernstein lifted their price target on Amazon.com from $225.00 to $235.00 and gave the stock an “outperform” rating in a research report on Friday. Two analysts have rated the stock with a hold rating, forty have issued a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $246.02.

Amazon.com Stock Performance

NASDAQ:AMZN opened at $197.93 on Friday. Amazon.com has a 12 month low of $136.47 and a 12 month high of $201.20. The company has a debt-to-equity ratio of 0.23, a current ratio of 1.10 and a quick ratio of 0.88. The firm has a market capitalization of $2.08 trillion, a PE ratio of 42.38, a price-to-earnings-growth ratio of 1.42 and a beta of 1.14. The business’s fifty day moving average price is $184.82 and its 200 day moving average price is $183.77.

Amazon.com (NASDAQ:AMZN) last released its quarterly earnings data on Thursday, October 31st. The e-commerce giant reported $1.43 EPS for the quarter, beating analysts’ consensus estimates of $1.14 by $0.29. The business had revenue of $158.88 billion for the quarter, compared to the consensus estimate of $157.28 billion. Amazon.com had a return on equity of 23.46% and a net margin of 8.04%. The business’s revenue for the quarter was up 11.0% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.85 EPS. On average, sell-side analysts anticipate that Amazon.com will post 4.84 earnings per share for the current fiscal year.

Insider Buying and Selling at Amazon.com

In other news, SVP David Zapolsky sold 2,190 shares of Amazon.com stock in a transaction on Tuesday, September 24th. The stock was sold at an average price of $195.00, for a total transaction of $427,050.00. Following the completion of the transaction, the senior vice president now owns 62,420 shares of the company’s stock, valued at $12,171,900. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. In other news, CEO Andrew R. Jassy sold 20,784 shares of the stock in a transaction that occurred on Wednesday, August 21st. The shares were sold at an average price of $180.77, for a total value of $3,757,123.68. Following the sale, the chief executive officer now directly owns 2,056,534 shares in the company, valued at $371,759,651.18. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, SVP David Zapolsky sold 2,190 shares of Amazon.com stock in a transaction that occurred on Tuesday, September 24th. The stock was sold at an average price of $195.00, for a total value of $427,050.00. Following the transaction, the senior vice president now owns 62,420 shares of the company’s stock, 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. Over the last 90 days, insiders have sold 50,855 shares of company stock valued at $9,215,048. Insiders own 10.80% of the company’s stock.

Institutional Investors Weigh In On Amazon.com

A number of large investors have recently bought and sold shares of AMZN. PayPay Securities Corp boosted its position in Amazon.com by 64.6% during the second quarter. PayPay Securities Corp now owns 163 shares of the e-commerce giant’s stock worth $32,000 after acquiring an additional 64 shares during the last quarter. Hoese & Co LLP acquired a new position in Amazon.com in the third quarter valued at $37,000. Bull Oak Capital LLC purchased a new position in Amazon.com during the third quarter worth about $45,000. Values First Advisors Inc. purchased a new position in Amazon.com during the third quarter worth about $56,000. Finally, Christopher J. Hasenberg Inc boosted its stake in Amazon.com by 650.0% in the 2nd quarter. Christopher J. Hasenberg Inc now owns 300 shares of the e-commerce giant’s stock worth $58,000 after buying an additional 260 shares during the last quarter. Institutional investors and hedge funds 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.