Amazon.com (NASDAQ:AMZN) Stock Price Expected to Rise, China Renaissance Analyst Says

Amazon.com (NASDAQ:AMZN) had its target price lifted by investment analysts at China Renaissance from $278.00 to $300.00 in a report issued on Monday,MarketScreener reports. The brokerage currently has a “buy” rating on the e-commerce giant’s stock. China Renaissance’s price objective suggests a potential upside of 22.84% from the stock’s current price.

A number of other research firms have also recently commented on AMZN. The Goldman Sachs Group boosted their price target on shares of Amazon.com from $240.00 to $275.00 and gave the stock a “buy” rating in a research note on Friday, October 3rd. Wells Fargo & Company upped their target price on shares of Amazon.com from $280.00 to $292.00 and gave the stock an “overweight” rating in a research report on Friday. Telsey Advisory Group raised their price target on Amazon.com from $265.00 to $300.00 and gave the company an “outperform” rating in a research report on Friday. Pivotal Research upped their price objective on Amazon.com from $285.00 to $300.00 and gave the stock a “buy” rating in a report on Friday. Finally, Evercore ISI increased their price objective on Amazon.com from $280.00 to $335.00 and gave the company an “outperform” rating in a research report on Friday. Three investment analysts have rated the stock with a Strong Buy rating, fifty have assigned a Buy rating, one has issued a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Buy” and a consensus price target of $290.76.

Amazon.com Price Performance

NASDAQ:AMZN opened at $244.22 on Monday. Amazon.com has a 52-week low of $161.38 and a 52-week high of $250.50. The stock has a fifty day moving average of $225.49 and a 200 day moving average of $216.37. The company has a debt-to-equity ratio of 0.15, a quick ratio of 0.81 and a current ratio of 1.02. The firm has a market capitalization of $2.60 trillion, a price-to-earnings ratio of 37.23, a P/E/G ratio of 1.52 and a beta of 1.28.

Amazon.com (NASDAQ:AMZN) last released 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. The firm had revenue of $180.17 billion for the quarter, compared to analysts’ expectations of $177.53 billion. Amazon.com had a return on equity of 23.84% and a net margin of 10.54%.The company’s revenue was up 13.4% compared to the same quarter last year. During the same quarter last year, the firm posted $1.43 EPS. Amazon.com has set its Q4 2025 guidance at EPS. On average, research analysts expect that Amazon.com will post 6.31 EPS for the current fiscal year.

Insiders Place Their Bets

In other news, CEO Douglas J. Herrington sold 2,500 shares of the company’s stock in a transaction dated Wednesday, October 1st. The shares were sold at an average price of $217.10, for a total transaction of $542,750.00. Following the completion of the transaction, the chief executive officer directly owned 515,507 shares of the company’s stock, valued at approximately $111,916,569.70. This represents a 0.48% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, SVP David Zapolsky sold 13,570 shares of the business’s stock in a transaction dated Friday, August 22nd. The shares were 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 in the company, valued at $9,825,943.60. This represents a 23.53% decrease in their position. The SEC filing for this sale provides additional information. Over the last 90 days, insiders have sold 95,411 shares of company stock worth $21,222,702. 9.70% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Amazon.com

A number of institutional investors have recently modified their holdings of AMZN. Kingstone Capital Partners Texas LLC grew its position in Amazon.com by 542,733.6% during the second quarter. Kingstone Capital Partners Texas LLC now owns 132,641,388 shares of the e-commerce giant’s stock valued at $29,100,194,000 after buying an additional 132,616,953 shares during the period. Norges Bank purchased a new position in shares of Amazon.com during the 2nd quarter worth $27,438,011,000. Nuveen LLC bought a new stake in shares of Amazon.com during the 1st quarter valued at $11,674,091,000. Vanguard Group Inc. raised its holdings in Amazon.com by 2.1% in the 2nd quarter. Vanguard Group Inc. now owns 849,721,601 shares of the e-commerce giant’s stock worth $186,420,422,000 after purchasing an additional 17,447,045 shares during the period. Finally, Laurel Wealth Advisors LLC lifted its position in Amazon.com by 22,085.8% during the second quarter. Laurel Wealth Advisors LLC now owns 12,177,557 shares of the e-commerce giant’s stock valued at $2,671,634,000 after purchasing an additional 12,122,668 shares in the last quarter. 72.20% of the stock is owned by hedge funds and other institutional investors.

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.