Amazon.com (NASDAQ:AMZN) had its price target hoisted by Robert W. Baird from $285.00 to $300.00 in a report published on Thursday,MarketScreener reports. The firm currently has an outperform rating on the e-commerce giant’s stock.
A number of other equities analysts also recently commented on the company. Royal Bank Of Canada set a $320.00 target price on Amazon.com and gave the company an “outperform” rating in a report on Thursday. Tigress Financial boosted their price objective on shares of Amazon.com from $305.00 to $315.00 and gave the company a “buy” rating in a research report on Wednesday, March 25th. UBS Group restated a “buy” rating and issued a $333.00 price objective (up from $304.00) on shares of Amazon.com in a report on Wednesday. TD Securities raised shares of Amazon.com to a “buy” rating in a research note on Monday, April 13th. Finally, Needham & Company LLC boosted their price target on shares of Amazon.com from $265.00 to $300.00 and gave the company a “buy” rating in a research report on Thursday. One analyst has rated the stock with a Strong Buy rating, fifty-five have given a Buy rating and three have issued a Hold rating to the stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $310.25.
Read Our Latest Stock Report on Amazon.com
Amazon.com Trading Up 2.2%
Amazon.com (NASDAQ:AMZN – Get Free Report) last issued its quarterly earnings data on Wednesday, April 29th. The e-commerce giant reported $2.78 EPS for the quarter, beating the consensus estimate of $1.63 by $1.15. The firm had revenue of $181.52 billion during the quarter, compared to the consensus estimate of $177.28 billion. Amazon.com had a net margin of 12.22% and a return on equity of 20.87%. The company’s quarterly revenue was up 16.6% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.59 earnings per share. Analysts forecast that Amazon.com will post 7.7 EPS for the current fiscal year.
Insiders Place Their Bets
In related news, CEO Matthew S. Garman sold 17,751 shares of the stock in a transaction that occurred on Monday, February 23rd. The shares were sold at an average price of $205.22, for a total transaction of $3,642,860.22. Following the transaction, the chief executive officer owned 9,405 shares in the company, valued at $1,930,094.10. This represents a 65.37% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Douglas J. Herrington sold 20,500 shares of the firm’s stock in a transaction that occurred on Tuesday, April 14th. The stock was sold at an average price of $245.00, for a total transaction of $5,022,500.00. Following the completion of the sale, the chief executive officer owned 499,861 shares in the company, valued at $122,465,945. This represents a 3.94% 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 have sold 128,035 shares of company stock worth $28,827,479. 8.90% of the stock is owned by corporate insiders.
Hedge Funds Weigh In On Amazon.com
Several hedge funds and other institutional investors have recently modified their holdings of the company. Fairway Wealth LLC boosted its position in Amazon.com by 113.2% in the third quarter. Fairway Wealth LLC now owns 113 shares of the e-commerce giant’s stock worth $25,000 after purchasing an additional 60 shares during the last quarter. Sellwood Investment Partners LLC purchased a new stake in shares of Amazon.com during the 3rd quarter valued at about $27,000. MilWealth Group LLC lifted its stake in shares of Amazon.com by 79.0% in the 4th quarter. MilWealth Group LLC now owns 179 shares of the e-commerce giant’s stock worth $41,000 after purchasing an additional 79 shares during the period. Lifetime Wealth Management P.C. bought a new position in shares of Amazon.com in the 4th quarter worth approximately $45,000. Finally, Elkhorn Partners Limited Partnership boosted its holdings in shares of Amazon.com by 900.0% in the fourth quarter. Elkhorn Partners Limited Partnership now owns 200 shares of the e-commerce giant’s stock worth $46,000 after buying an additional 180 shares during the last quarter. 72.20% of the stock is owned by institutional investors.
Amazon.com News Summary
Here are the key news stories impacting Amazon.com this week:
- Positive Sentiment: AWS outperformed: Amazon reported stronger‑than‑expected cloud growth (AWS +28% y/y), which is driving margin expansion and underpins the AI infrastructure opportunity. Amazon beats quarterly cloud growth estimates
- Positive Sentiment: OpenAI models coming to AWS/Bedrock strengthens Amazon’s cloud positioning and commercial AI offering — a direct revenue lever for Bedrock and enterprise customers. Amazon’s AWS, OpenAI Partner to Integrate Frontier Models into Amazon Bedrock Ecosystem
- Positive Sentiment: Wall Street is bullish post‑earnings: multiple firms raised price targets and reiterated buy/overweight ratings, signaling analyst confidence in AWS/AI-driven upside. Wall Street Floods Amazon With Price Target Hikes After Q1 Beat
- Positive Sentiment: Strategic wins & government deals: the Pentagon reached agreements with several AI firms — including AWS — which supports enterprise/government demand for cloud and AI services. Pentagon reaches agreements with leading AI companies
- Neutral Sentiment: Amazon is diversifying infrastructure investments (including a large commitment to small modular reactors/energy projects), which could lower power/capex risks long term but adds complexity in the near term. NuScale Power Stock Soars as Amazon Commits $500M to Small Modular Reactors
- Neutral Sentiment: Broader AI ecosystem noise: reports of internal OpenAI issues are creating uncertainty across Big Tech and could influence AI partner dynamics and timelines. Is OpenAI’s Trillion Dollar AI Bet Starting to Crack? Here’s What It Means for Big Tech
- Negative Sentiment: Capex and cash‑flow pressure: coverage highlights that Amazon’s AI spending is denting free cash flow and prompted cautious near‑term operating guidance — the main reason shares dipped after the earnings beat. Amazon’s AI spending boom is eating into free cash flow
- Negative Sentiment: Insider sale: a director disclosed a roughly $1.0M stock sale, which can be interpreted as a near‑term selling signal for some investors. Insider Selling: Amazon.com Director Sells $1,000,740 in Stock
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.
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