Amazon.com (NASDAQ:AMZN)‘s stock had its “market outperform” rating reaffirmed by equities researchers at Citizens Jmp in a research report issued on Wednesday,Benzinga reports. They presently have a $315.00 target price on the e-commerce giant’s stock. Citizens Jmp’s target price indicates a potential upside of 25.19% from the stock’s previous close.
Other analysts also recently issued reports about the stock. Sanford C. Bernstein reissued an “outperform” rating and issued a $315.00 price target (up from $300.00) on shares of Amazon.com in a research note on Thursday, April 30th. Deutsche Bank Aktiengesellschaft raised their price objective on Amazon.com from $290.00 to $315.00 and gave the company a “buy” rating in a research note on Thursday, April 30th. BNP Paribas Exane lifted their price objective on Amazon.com from $320.00 to $345.00 and gave the stock an “outperform” rating in a report on Tuesday, May 5th. Jefferies Financial Group reissued a “buy” rating on shares of Amazon.com in a research note on Thursday, June 18th. Finally, Needham & Company LLC increased their target price on Amazon.com from $265.00 to $300.00 and gave the company a “buy” rating in a report on Thursday, April 30th. Fifty-seven research analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. According to MarketBeat, Amazon.com has an average rating of “Moderate Buy” and an average price target of $312.79.
View Our Latest Report on Amazon.com
Amazon.com Stock Up 1.7%
Amazon.com (NASDAQ:AMZN – Get Free Report) last announced its quarterly earnings data on Wednesday, April 29th. The e-commerce giant reported $2.78 earnings per share for the quarter, topping analysts’ consensus estimates of $1.63 by $1.15. Amazon.com had a net margin of 12.22% and a return on equity of 19.92%. The firm had revenue of $181.52 billion during the quarter, compared to analyst estimates of $177.28 billion. During the same period in the previous year, the business posted $1.59 EPS. The business’s quarterly revenue was up 16.6% on a year-over-year basis. As a group, analysts expect that Amazon.com will post 7.75 EPS for the current fiscal year.
Insider Transactions at Amazon.com
In other news, CEO Andrew R. Jassy sold 20,000 shares of the business’s stock in a transaction that occurred 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 of the company’s stock, 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 filing with the Securities & Exchange Commission, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Douglas J. Herrington sold 1,000 shares of the company’s stock in a transaction that occurred on Wednesday, July 1st. The shares were sold at an average price of $239.77, for a total value of $239,770.00. Following the transaction, the chief executive officer owned 484,527 shares of the company’s stock, valued at approximately $116,175,038.79. This represents a 0.21% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last quarter, insiders sold 175,274 shares of company stock worth $46,621,204. Corporate insiders own 8.90% of the company’s stock.
Institutional Inflows and Outflows
Several institutional investors have recently added to or reduced their stakes in the stock. Brighton Jones LLC lifted its position in Amazon.com by 10.9% during the fourth quarter. Brighton Jones LLC now owns 4,036,091 shares of the e-commerce giant’s stock valued at $885,478,000 after buying an additional 397,007 shares during the period. Revolve Wealth Partners LLC grew its position in shares of Amazon.com by 4.1% in the 4th quarter. Revolve Wealth Partners LLC now owns 25,045 shares of the e-commerce giant’s stock worth $5,495,000 after buying an additional 986 shares during the period. Bank Pictet & Cie Europe AG grew its position in shares of Amazon.com by 2.8% in the 4th quarter. Bank Pictet & Cie Europe AG now owns 2,016,869 shares of the e-commerce giant’s stock worth $442,481,000 after buying an additional 54,987 shares during the period. Highview Capital Management LLC DE increased its stake in shares of Amazon.com by 5.5% in the 4th quarter. Highview Capital Management LLC DE now owns 28,975 shares of the e-commerce giant’s stock worth $6,357,000 after acquiring an additional 1,518 shares in the last quarter. Finally, Liberty Square Wealth Partners LLC bought a new position in shares of Amazon.com in the 4th quarter worth about $2,153,000. 72.20% of the stock is currently owned by institutional investors.
More Amazon.com News
Here are the key news stories impacting Amazon.com this week:
- Positive Sentiment: Amazon announced a commercial relationship with Electrovaya that should support continued deployment of battery technology in material handling and could expand into robotics and energy storage, reinforcing Amazon’s automation and logistics strategy. Electrovaya Announces Commercial Relationship with Amazon
- Positive Sentiment: Jefferies reiterated Amazon as a top pick, citing resilient Prime Day consumer spending, accelerating AWS growth, and a valuation it views as attractive heading into earnings. Amazon seen well-positioned going into Q2 report on AWS momentum, Prime Day spending
- Positive Sentiment: Several analysts and market commentators highlighted Amazon’s financial strength, AI investment potential, and warehouse robotics push, which supports the bull case that long-term growth can come from cloud, automation, and custom silicon. Amazon Is Throwing Billions at Warehouse Robotics: What That Means for Symbotic’s Stock.
- Neutral Sentiment: Amazon continues to draw investor attention as a major AI and cloud infrastructure story, with multiple articles arguing that AWS and broader AI spending remain key drivers, though these are more thesis-supporting than immediately stock-moving. How Amazon (AMZN) Is Using Its Financial Strength to Accelerate AI and Cloud Infrastructure Expansion
- Negative Sentiment: Amazon’s recent $25 billion bond sale reportedly saw weaker-than-average demand and wider concessions, which raised concerns that investors are becoming more cautious about the company’s large AI-related spending plans and debt needs. The Bond Market Just Sent Amazon a Message Investors Shouldn’t Ignore
- Negative Sentiment: New York’s ban on new AI data centers added another policy risk for Amazon and other hyperscalers, since it could slow future infrastructure expansion and add uncertainty around the AI buildout. New York Just Banned New AI Data Centers. Here’s What It Means for Microsoft, Amazon, and Google.
Amazon.com Company Profile
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.
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