Amazon.com’s (AMZN) “Outperform” Rating Reaffirmed at Wedbush

Amazon.com (NASDAQ:AMZN)‘s stock had its “outperform” rating reiterated by equities researchers at Wedbush in a research report issued to clients and investors on Thursday,Benzinga reports. They currently have a $293.00 price objective on the e-commerce giant’s stock. Wedbush’s target price suggests a potential upside of 25.66% from the stock’s previous close.

AMZN has been the subject of several other research reports. TD Cowen reaffirmed a “buy” rating and issued a $340.00 target price (down from $350.00) on shares of Amazon.com in a report on Wednesday, July 8th. Cantor Fitzgerald restated an “overweight” rating and issued a $330.00 price objective (up from $280.00) on shares of Amazon.com in a research report on Thursday, April 30th. Royal Bank Of Canada reaffirmed a “buy” rating on shares of Amazon.com in a research note on Tuesday, June 16th. Benchmark increased their target price on Amazon.com from $275.00 to $370.00 and gave the stock a “buy” rating in a research report on Thursday, April 30th. Finally, Guggenheim reissued a “buy” rating and set a $320.00 target price (up from $300.00) on shares of Amazon.com in a research note on Thursday, April 30th. Fifty-seven investment 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 currently has an average rating of “Moderate Buy” and an average target price of $312.91.

Amazon.com Stock Performance

NASDAQ AMZN traded down $11.68 on Thursday, reaching $233.17. 11,520,487 shares of the stock were exchanged, compared to its average volume of 49,137,859. The company has a current ratio of 1.18, a quick ratio of 1.01 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. The firm has a market capitalization of $2.51 trillion, a PE ratio of 27.98, a PEG ratio of 1.84 and a beta of 1.46. The company’s 50-day simple moving average is $249.58 and its two-hundred day simple moving average is $236.30.

Amazon.com (NASDAQ:AMZN) last posted its quarterly earnings results 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. The business had revenue of $181.52 billion during the quarter, compared to analyst estimates of $177.28 billion. Amazon.com had a net margin of 12.22% and a return on equity of 19.92%. The company’s revenue was up 16.6% on a year-over-year basis. During the same period in the prior year, the business posted $1.59 earnings per share. Analysts expect that Amazon.com will post 7.75 EPS for the current fiscal year.

Insider Buying and Selling at Amazon.com

In other Amazon.com news, SVP David Zapolsky sold 9,270 shares of Amazon.com stock in a transaction that occurred on Friday, May 22nd. The stock was sold at an average price of $268.53, for a total value of $2,489,273.10. Following the sale, the senior vice president owned 41,190 shares of the company’s stock, valued at $11,060,750.70. The trade was a 18.37% decrease in their position. The transaction was disclosed in a legal filing 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 Matthew S. Garman sold 15,467 shares of the company’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 in the company, valued at $3,729,480.60. This trade represents a 52.21% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold a total of 144,274 shares of company stock worth $38,716,204 over the last three months. 8.90% of the stock is owned by company insiders.

Hedge Funds Weigh In On Amazon.com

Several institutional investors have recently bought and sold shares of the business. Narwhal Capital Management lifted its stake in shares of Amazon.com by 2.3% in 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 last quarter. Arrowstreet Capital Limited Partnership grew its stake in Amazon.com by 21.0% in the 4th quarter. Arrowstreet Capital Limited Partnership now owns 24,653,228 shares of the e-commerce giant’s stock valued at $5,690,463,000 after buying an additional 4,275,942 shares during the last quarter. Weaver Capital Management LLC grew its stake in Amazon.com by 13.6% in the 4th quarter. Weaver Capital Management LLC now owns 39,264 shares of the e-commerce giant’s stock valued at $9,063,000 after buying an additional 4,713 shares during the last quarter. Ethos Financial Group LLC raised its holdings in Amazon.com by 9.6% in the 4th 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 during the period. Finally, Culbertson A N & Co. Inc. lifted its position in Amazon.com by 8.6% during the 4th quarter. Culbertson A N & Co. Inc. now owns 30,444 shares of the e-commerce giant’s stock worth $7,027,000 after acquiring an additional 2,412 shares during the last quarter. Institutional investors own 72.20% of the company’s stock.

Amazon.com News Roundup

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

• Positive Sentiment: Wall Street remains constructive on Amazon heading into earnings, with Bank of America reiterating a bullish view and expecting AWS growth to come in ahead of expectations. Analysts also highlighted Amazon’s strong cloud momentum, improving operating leverage, and the potential for an earnings beat. Article Title
• Positive Sentiment: Several pieces pointed to Amazon’s long-term growth engine still firing, especially AWS reacceleration, AI-related spending, and the Amazon Business unit reaching a $60 billion annualized sales run rate. That supports the case that the stock’s recent pullback may be creating a buying opportunity. Article Title
• Neutral Sentiment: Amazon is also drawing attention for product and platform efforts, including a Prime Video redesign focused on AI and efforts to lower Alexa AI costs by relying less on expensive third-party models. These moves could improve margins over time, but the near-term stock impact is unclear. Article Title
• Neutral Sentiment: Some coverage noted Amazon trading below its recent highs and in correction territory, with traders watching whether next week’s earnings can confirm the AI and AWS growth story. That keeps sentiment cautious but not decisively negative. Article Title
• Negative Sentiment: New political and legal pressure is a drag on sentiment, including a Senate panel probe into alleged Chinese influence on Amazon’s platform and renewed attention on the company’s FTC Prime settlement. These headlines raise regulatory overhang concerns. Article Title
• Negative Sentiment: Amazon also announced layoffs in its artificial general intelligence group, which may signal tighter cost control but also suggests some AI initiatives are being trimmed or reprioritized. That can weigh on sentiment in the short term, even if management says it is focusing on customer-facing AI. Article Title

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.