Amazon.com (NASDAQ:AMZN) Stock Rating Raised to Strong-Buy at Phillip Securities

Amazon.com (NASDAQ:AMZN) was upgraded by equities researchers at Phillip Securities from a “moderate buy” rating to a “strong-buy” rating in a research report issued on Monday, Zacks reports.

A number of other equities research analysts have also recently commented on AMZN. TD Cowen reissued a “buy” rating and set a $340.00 target price (down from $350.00) on shares of Amazon.com in a research report on Friday. Oppenheimer reaffirmed an “outperform” rating on shares of Amazon.com in a report on Friday, July 31st. DA Davidson set a $250.00 price target on Amazon.com and gave the stock a “neutral” rating in a research report on Friday. UBS Group reiterated a “buy” rating and set a $348.00 price objective (up from $318.00) on shares of Amazon.com in a report on Monday, October 26th. Finally, Monness Crespi & Hardt raised their price objective on Amazon.com from $315.00 to $330.00 and gave the stock a “buy” rating in a research report on Friday, July 31st. Two analysts have rated the stock with a Strong Buy rating, fifty-five have given a Buy rating and three have given a Hold rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $320.86.

Amazon.com Price Performance

AMZN opened at $245.63 on Monday. The business’s 50-day moving average is $254.02 and its two-hundred day moving average is $243.11. Amazon.com has a 1 year low of $196.00 and a 1 year high of $287.20. The company has a debt-to-equity ratio of 0.23, a current ratio of 1.03 and a quick ratio of 0.87. The firm has a market capitalization of $2.65 trillion, a PE ratio of 19.86, a price-to-earnings-growth ratio of 1.98 and a beta of 1.45.

Amazon.com (NASDAQ:AMZN) last released its quarterly earnings results on Thursday, October 29th. The e-commerce giant reported $1.89 EPS for the quarter, missing the consensus estimate of $1.97 by ($0.08). Amazon.com had a net margin of 17.44% and a return on equity of 18.00%. The firm had revenue of $201.94 billion for the quarter, compared to analysts’ expectations of $202.22 billion. During the same period in the previous year, the company posted $1.95 earnings per share. The business’s quarterly revenue was up 12.1% compared to the same quarter last year. Research analysts anticipate that Amazon.com will post 8.00 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other news, CEO Douglas Herrington sold 6,362 shares of the firm’s stock in a transaction dated Friday, August 21st. The stock was sold at an average price of $259.01, for a total value of $1,647,821.62. Following the completion of the transaction, the chief executive officer directly owned 476,681 shares in the company, valued at $123,465,145.81. This trade represents a 1.32% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CFO Brian Olsavsky sold 6,172 shares of the firm’s stock in a transaction dated Friday, August 21st. The stock was sold at an average price of $260.31, for a total value of $1,606,633.32. Following the completion of the transaction, the chief financial officer owned 109,207 shares of the company’s stock, valued at approximately $28,427,674.17. The trade was a 5.35% decrease in their ownership of the stock. 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 ninety days, insiders sold 70,589 shares of company stock valued at $18,302,125. Insiders own 8.90% of the company’s stock.

Institutional Trading of Amazon.com

Several institutional investors and hedge funds have recently bought and sold shares of the business. TOP Private Wealth LLC. bought a new position in Amazon.com during the second quarter valued at approximately $29,000. Bard Associates Inc. bought a new stake in Amazon.com in the 2nd quarter worth approximately $32,000. Longfellow Investment Management Co. LLC bought a new stake in Amazon.com in the 2nd quarter worth approximately $33,000. Atomic Invest LLC raised its stake in Amazon.com by 41.2% during the 2nd quarter. Atomic Invest LLC now owns 168 shares of the e-commerce giant’s stock valued at $40,000 after buying an additional 49 shares during the last quarter. Finally, Strategic Wealth Advisors LLC purchased a new stake in Amazon.com during the 2nd quarter valued at $68,000. 72.20% of the stock is currently owned by institutional investors and hedge funds.

Key Stories Impacting Amazon.com

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

• Positive Sentiment: Phillip Securities upgraded Amazon (AMZN) to Buy from Accumulate and raised its price target to $330 from $320, citing strong cloud demand visibility and Amazon’s positioning in artificial intelligence. Stock Market Today, Nov. 2: Amazon Rallies on Phillip Securities Buy Upgrade and $330 Target
• Positive Sentiment: Investors are emphasizing AWS, where revenue reportedly grew 39%, alongside improving operating leverage in Amazon’s retail business. Analysts argue that AWS could become a substantially larger profit and revenue driver over time. Is Amazon Stock a Buy as Cloud Revenue Continues to Surge?
• Positive Sentiment: Additional bullish commentary includes reiterated outperform and buy ratings, with some analysts maintaining targets above $300. Amazon’s broad exposure to e-commerce, advertising, cloud computing and AI supports the long-term investment case. Amazon’s AWS Growth and Profitability Support a Buy Despite Price Target Cut to $300
• Positive Sentiment: Amazon’s $25 Thanksgiving meal bundle with same-day delivery highlights continued efforts to increase grocery convenience and holiday spending, although the direct earnings impact is likely limited. Amazon Offers Same-Day Delivery for Thanksgiving Meals
• Neutral Sentiment: Amazon’s third-quarter revenue rose 12.1% to approximately $201.9 billion, but earnings of $1.89 per share missed the $1.97 consensus estimate. The mixed results explain the recent volatility and leave investors focused on AWS profitability and forward spending.
• Negative Sentiment: Amazon’s aggressive AI and data-center investment plan is expected to pressure free cash flow. A proposed $2 billion Ohio data center also faces local opposition, creating potential delays or additional costs. Amazon’s $2 Billion Data Center Faces Election Day Threat
• Negative Sentiment: Some analysts warn that AI shopping agents could reduce Amazon’s control over product discovery, customer traffic and advertising, posing a longer-term competitive threat. The Shopping Bots Are Coming for Amazon

Amazon.com Company Profile

Amazon.com, Inc is a global technology and e-commerce company founded by Jeff Bezos in 1994. Originally launched as an online bookstore, the company has expanded into a broad digital marketplace offering consumer products across numerous categories, including electronics, household goods, apparel, groceries and other merchandise. Amazon also sells products under its own brands and provides logistics, fulfillment and delivery services that support its retail operations and third-party sellers.

The company’s principal businesses include online and physical retail, Amazon Web Services (AWS), digital advertising, subscription services and consumer technology.