Amazon.com (NASDAQ:AMZN) Stock Price Expected to Rise, Truist Financial Analyst Says

Amazon.com (NASDAQ:AMZN) had its target price hoisted by equities research analysts at Truist Financial from $310.00 to $320.00 in a research note issued to investors on Friday,Benzinga reports. The brokerage presently has a “buy” rating on the e-commerce giant’s stock. Truist Financial’s price objective points to a potential upside of 18.08% from the company’s previous close.

Several other equities analysts have also recently issued reports on the stock. Wolfe Research reiterated an “outperform” rating and set a $320.00 price target (up from $245.00) on shares of Amazon.com in a research report on Thursday, April 30th. Stifel Nicolaus set a $319.00 price target on shares of Amazon.com and gave the company a “buy” rating in a research report on Thursday, April 30th. Canaccord Genuity Group boosted their price target on shares of Amazon.com from $300.00 to $330.00 and gave the company a “buy” rating in a research report on Thursday, April 30th. The Goldman Sachs Group reiterated a “buy” rating and set a $325.00 price target (up from $275.00) on shares of Amazon.com in a research report on Thursday, April 30th. Finally, KeyCorp boosted their price target on shares of Amazon.com from $325.00 to $330.00 and gave the company an “overweight” rating in a research report on Thursday, April 30th. Fifty-seven equities research analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. According to data from MarketBeat.com, Amazon.com has a consensus rating of “Moderate Buy” and an average target price of $312.83.

Amazon.com Trading Down 1.1%

Shares of NASDAQ:AMZN traded down $3.01 during midday trading on Friday, hitting $270.99. 18,605,875 shares of the stock traded hands, compared to its average volume of 48,002,715. The stock has a market capitalization of $2.92 trillion, a PE ratio of 32.44, a P/E/G ratio of 2.04 and a beta of 1.46. The business’s 50 day moving average is $244.17 and its two-hundred day moving average is $232.34. 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 has a one year low of $196.00 and a one year high of $278.56.

Amazon.com (NASDAQ:AMZN) 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 19.92%. 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. As a group, research analysts forecast that Amazon.com will post 7.71 earnings per share for the current year.

Insider Transactions at Amazon.com

In other news, CEO Matthew S. Garman sold 15,467 shares of the business’s stock in a transaction that occurred on Thursday, May 21st. The stock was sold at an average price of $263.40, for a total value of $4,074,007.80. Following the sale, the chief executive officer directly owned 14,159 shares of the company’s stock, valued at $3,729,480.60. The trade was a 52.21% decrease in their position. 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, 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 value of $5,268,400.00. Following the completion of the sale, the chief executive officer directly owned 2,205,766 shares in the company, valued at approximately $581,042,879.72. This represents a 0.90% 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. Over the last 90 days, insiders sold 195,774 shares of company stock worth $51,552,494. Company insiders own 8.90% of the company’s stock.

Institutional Investors Weigh In On Amazon.com

Institutional investors have recently made changes to their positions in the company. American Capital Advisory LLC boosted its position in shares of Amazon.com by 63.9% during the third quarter. American Capital Advisory LLC now owns 8,081 shares of the e-commerce giant’s stock worth $1,774,000 after buying an additional 3,152 shares during the period. Compagnie Lombard Odier SCmA acquired a new position in shares of Amazon.com during the third quarter worth about $451,642,000. Narwhal Capital Management boosted its position in shares of Amazon.com by 2.3% during the fourth quarter. Narwhal Capital Management now owns 216,606 shares of the e-commerce giant’s stock worth $49,997,000 after buying an additional 4,854 shares during the period. Weaver Capital Management LLC raised its holdings in Amazon.com by 13.6% during the fourth quarter. Weaver Capital Management LLC now owns 39,264 shares of the e-commerce giant’s stock worth $9,063,000 after acquiring an additional 4,713 shares in the last quarter. Finally, Ethos Financial Group LLC raised its holdings in Amazon.com by 9.6% during the fourth quarter. Ethos Financial Group LLC now owns 36,485 shares of the e-commerce giant’s stock worth $8,421,000 after acquiring an additional 3,196 shares in the last quarter. Hedge funds and other institutional investors own 72.20% of the company’s stock.

Trending Headlines about Amazon.com

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

• Positive Sentiment: Amazon’s AWS and AI businesses are getting fresh bullish attention, including reports of strong cloud momentum and a large AI-related backlog that could support revenue growth. Article Title
• Positive Sentiment: Snowflake’s $6 billion commitment to AWS is seen as validating Amazon’s cloud and AI infrastructure leadership, lifting sentiment around AMZN. Article Title
• Positive Sentiment: Analysts and investors continue to call Amazon a long-term AI winner, with bullish notes and high-conviction portfolio moves adding to the stock’s upward momentum. Article Title
• Neutral Sentiment: Amazon shut down an internal AI leaderboard to stop employees from chasing usage scores, signaling tighter cost control around AI spending rather than a direct business setback. Article Title
• Negative Sentiment: Australia’s regulator sued Amazon’s local unit over alleged product safety-label violations, creating a modest legal and compliance risk. Article Title

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.