Amazon.com (NASDAQ:AMZN) Upgraded to “Strong-Buy” at Zacks Research

Amazon.com (NASDAQ:AMZN) was upgraded by Zacks Research from a “hold” rating to a “strong-buy” rating in a research note issued on Wednesday,Zacks.com reports.

A number of other brokerages have also weighed in on AMZN. BMO Capital Markets increased their price target on Amazon.com from $270.00 to $280.00 and gave the stock an “outperform” rating in a research note on Friday, August 1st. Wolfe Research increased their target price on Amazon.com from $265.00 to $270.00 in a research report on Tuesday, September 30th. Needham & Company LLC reaffirmed a “buy” rating and issued a $265.00 target price on shares of Amazon.com in a research report on Friday, August 1st. KeyCorp started coverage on Amazon.com in a research report on Thursday. They issued an “overweight” rating on the stock. Finally, Scotiabank increased their target price on Amazon.com from $250.00 to $275.00 and gave the stock a “sector outperform” rating in a research report on Tuesday, July 22nd. Four research analysts have rated the stock with a Strong Buy rating and forty-eight have issued a Buy rating to the company. According to data from MarketBeat.com, the company has an average rating of “Buy” and an average target price of $267.94.

Amazon.com Stock Performance

AMZN opened at $221.09 on Wednesday. The stock has a market cap of $2.36 trillion, a P/E ratio of 33.70, a P/E/G ratio of 1.44 and a beta of 1.28. The company has a debt-to-equity ratio of 0.15, a current ratio of 1.02 and a quick ratio of 0.81. The stock’s 50 day simple moving average is $225.24 and its 200 day simple moving average is $213.61. Amazon.com has a 1-year low of $161.38 and a 1-year high of $242.52.

Amazon.com (NASDAQ:AMZN) last announced its earnings results on Thursday, July 31st. The e-commerce giant reported $1.68 EPS for the quarter, beating analysts’ consensus estimates of $1.31 by $0.37. The firm had revenue of $167.70 billion for the quarter, compared to analysts’ expectations of $161.80 billion. Amazon.com had a return on equity of 23.84% and a net margin of 10.54%.Amazon.com’s quarterly revenue was up 13.3% on a year-over-year basis. During the same quarter in the prior year, the firm earned $1.26 EPS. Amazon.com has set its Q3 2025 guidance at EPS. As a group, equities analysts anticipate that Amazon.com will post 6.31 EPS for the current fiscal year.

Insider Buying and Selling

In other news, CEO Matthew S. Garman sold 17,785 shares of the firm’s stock in a transaction dated Thursday, August 21st. The stock was sold at an average price of $221.57, for a total transaction of $3,940,622.45. Following the completion of the sale, the chief executive officer directly owned 3,138 shares in the company, valued at $695,286.66. This trade represents a 85.00% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CFO Brian T. Olsavsky sold 17,750 shares of the firm’s stock in a transaction dated Thursday, August 21st. The shares were sold at an average price of $222.74, for a total value of $3,953,635.00. Following the sale, the chief financial officer owned 49,000 shares of the company’s stock, valued at $10,914,260. This represents a 26.59% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 97,911 shares of company stock valued at $21,765,202 over the last ninety days. Insiders own 9.70% of the company’s stock.

Institutional Trading of Amazon.com

Several large investors have recently modified their holdings of the business. Vanguard Group Inc. grew its stake in shares of Amazon.com by 2.1% during the second quarter. Vanguard Group Inc. now owns 849,721,601 shares of the e-commerce giant’s stock valued at $186,420,422,000 after acquiring an additional 17,447,045 shares in the last quarter. State Street Corp grew its stake in Amazon.com by 1.4% in the second quarter. State Street Corp now owns 374,097,285 shares of the e-commerce giant’s stock worth $82,073,203,000 after purchasing an additional 5,163,208 shares in the last quarter. Geode Capital Management LLC grew its stake in Amazon.com by 1.7% in the second quarter. Geode Capital Management LLC now owns 216,717,657 shares of the e-commerce giant’s stock worth $47,332,625,000 after purchasing an additional 3,721,658 shares in the last quarter. Kingstone Capital Partners Texas LLC grew its stake in Amazon.com by 542,733.6% in the second quarter. Kingstone Capital Partners Texas LLC now owns 132,641,388 shares of the e-commerce giant’s stock worth $29,100,194,000 after purchasing an additional 132,616,953 shares in the last quarter. Finally, Norges Bank acquired a new position in Amazon.com in the second quarter worth about $27,438,011,000. 72.20% of the stock is currently owned by institutional investors and hedge funds.

Amazon.com Company Profile

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.