Amazon.com (NASDAQ:AMZN) Given New $330.00 Price Target at Monness Crespi & Hardt

Amazon.com (NASDAQ:AMZN) had its price objective boosted by stock analysts at Monness Crespi & Hardt from $315.00 to $330.00 in a report released on Friday. The firm presently has a “buy” rating on the e-commerce giant’s stock. Monness Crespi & Hardt’s price objective would suggest a potential upside of 40.13% from the company’s previous close.

Several other research firms have also issued reports on AMZN. Susquehanna reaffirmed a “positive” rating and issued a $325.00 price target (up from $300.00) on shares of Amazon.com in a research report on Thursday, April 30th. New Street Research raised their price objective on shares of Amazon.com from $280.00 to $350.00 and gave the company a “buy” rating in a research note on Monday, May 4th. Maxim Group upped their target price on shares of Amazon.com from $290.00 to $315.00 and gave the stock a “buy” rating in a research note on Thursday, April 30th. Mizuho set a $330.00 price target on shares of Amazon.com in a report on Friday. Finally, Piper Sandler reissued an “overweight” rating and set a $320.00 price target on shares of Amazon.com in a research report on Friday. Fifty-seven equities research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. According to data from MarketBeat, Amazon.com presently has a consensus rating of “Moderate Buy” and a consensus price target of $317.57.

Amazon.com Stock Up 3.9%

AMZN stock opened at $235.50 on Friday. The business has a 50 day moving average of $245.59 and a 200 day moving average of $235.97. The firm has a market cap of $2.53 trillion, a PE ratio of 28.17, a price-to-earnings-growth ratio of 1.70 and a beta of 1.46. Amazon.com has a twelve month low of $196.00 and a twelve month high of $278.56. The company has a quick ratio of 1.01, a current ratio of 1.18 and a debt-to-equity ratio of 0.27.

Amazon.com (NASDAQ:AMZN) last released its earnings results on Thursday, July 30th. The e-commerce giant reported $5.75 EPS for the quarter, topping the consensus estimate of $1.82 by $3.93. Amazon.com had a return on equity of 19.92% and a net margin of 12.22%.The business had revenue of $200.61 billion for the quarter, compared to the consensus estimate of $197.03 billion. During the same period in the previous year, the company posted $1.68 earnings per share. The company’s revenue for the quarter was up 19.6% compared to the same quarter last year. On average, research analysts forecast that Amazon.com will post 7.76 EPS for the current fiscal year.

Insider Activity

In related news, CEO Andrew R. Jassy sold 20,000 shares of Amazon.com stock in a transaction on Thursday, May 21st. The stock was sold at an average price of $263.42, for a total transaction of $5,268,400.00. Following the transaction, the chief executive officer directly owned 2,205,766 shares in the company, valued at approximately $581,042,879.72. The trade was a 0.90% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Douglas J. Herrington sold 1,000 shares of the business’s stock in a transaction dated Wednesday, July 1st. The shares were sold at an average price of $239.77, for a total value of $239,770.00. Following the sale, the chief executive officer directly owned 484,527 shares of the company’s stock, valued at $116,175,038.79. This represents a 0.21% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last 90 days, insiders have sold 135,719 shares of company stock worth $36,438,002. Company insiders own 8.90% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in the stock. Vanguard Group Inc. increased its stake in shares of Amazon.com by 1.1% in the first quarter. Vanguard Group Inc. now owns 832,274,556 shares of the e-commerce giant’s stock worth $158,348,557,000 after purchasing an additional 8,913,959 shares in the last quarter. State Street Corp boosted its holdings in Amazon.com by 1.8% in the 4th quarter. State Street Corp now owns 388,653,121 shares of the e-commerce giant’s stock worth $89,708,913,000 after buying an additional 6,971,680 shares during the period. Geode Capital Management LLC boosted its holdings in Amazon.com by 1.1% in the 4th quarter. Geode Capital Management LLC now owns 225,120,994 shares of the e-commerce giant’s stock worth $51,753,622,000 after buying an additional 2,479,324 shares during the period. Norges Bank purchased a new stake in Amazon.com in the 4th quarter worth $32,868,735,000. Finally, Auto Owners Insurance Co increased its stake in Amazon.com by 27,376.7% in the 4th quarter. Auto Owners Insurance Co now owns 98,448,885 shares of the e-commerce giant’s stock worth $2,272,397,000 after buying an additional 98,090,585 shares in the last quarter. 72.20% of the stock is currently owned by institutional investors.

Amazon.com News Summary

Here are the key news stories impacting Amazon.com this week:

• Positive Sentiment: Record quarter and major earnings beat: Amazon reported revenue of $200.6 billion, up approximately 20% year over year, while adjusted earnings per share reached $5.75 versus the $1.82 consensus estimate. Operating income rose 43% to $27.5 billion. Amazon.com Announces Second Quarter Results
• Positive Sentiment: AWS growth validates AI investments: AWS revenue jumped 37% to $42.2 billion, its fastest growth in more than four years and ahead of expectations. New cloud arrangements with Meta and OpenAI, along with strong enterprise AI demand, reinforced the view that Amazon is beginning to monetize its heavy infrastructure spending. Amazon jumps as AWS growth soothes fears over rising AI spending
• Positive Sentiment: Advertising and retail also contributed: Advertising revenue climbed 26% to nearly $20 billion, while North American sales increased 16%, suggesting that Amazon’s profit growth is not dependent solely on AWS. Amazon Thrives On Big Q2 For AI, Advertising Revenue Climbs
• Positive Sentiment: Analysts raised targets: Baird lifted its target to $310, JPMorgan to $365, and Bank of America to $320, citing accelerating AWS growth, AI momentum, and potential margin expansion. Citi maintained its Buy rating and $325 target. J.P. Morgan Amazon price target
• Neutral Sentiment: Zoox reached a regulatory milestone: Amazon’s autonomous-vehicle unit received approval to begin limited paid robotaxi rides, providing a potential long-term growth option but little immediate earnings impact. Amazon’s Zoox wins first US approval for paid robotaxis
• Negative Sentiment: Capital spending remains the key risk: Amazon’s approximately $220 billion 2026 spending plan and reported AI-related cost overruns could pressure free cash flow. Third-quarter revenue guidance of $197 billion to $202 billion also came in below the $204.6 billion analyst consensus, tempering the otherwise bullish outlook.

About Amazon.com

Amazon.com, Inc is a diversified technology and retail company best known for its e-commerce marketplace and broad portfolio of consumer and enterprise services. Founded by Jeff Bezos in 1994 and headquartered in Seattle, Washington, the company launched as an online bookseller and expanded into a global retail platform that sells products directly to consumers and provides a marketplace for third-party sellers. Over time Amazon has grown beyond retail into areas including cloud computing, digital media, devices and logistics.

Key businesses and offerings include Amazon’s online marketplace and fulfillment services, the Amazon Prime membership program (which bundles expedited shipping with streaming and other benefits), Amazon Web Services (AWS) which supplies on-demand cloud computing and storage to businesses and public-sector customers, and a range of content and advertising services such as Prime Video and Amazon Advertising.