Rosenblatt Securities Reaffirms Buy Rating for Amazon.com (NASDAQ:AMZN)

Amazon.com (NASDAQ:AMZN)‘s stock had its “buy” rating reiterated by analysts at Rosenblatt Securities in a note issued to investors on Thursday,Benzinga reports. They currently have a $335.00 target price on the e-commerce giant’s stock. Rosenblatt Securities’ target price would indicate a potential upside of 26.02% from the company’s previous close.

A number of other brokerages have also recently issued reports on AMZN. Phillip Securities cut Amazon.com from a “strong-buy” rating to a “moderate buy” rating in a report on Monday, August 3rd. Evercore reissued an “outperform” rating on shares of Amazon.com in a research note on Tuesday, July 28th. KeyCorp raised their target price on Amazon.com from $335.00 to $350.00 and gave the company an “overweight” rating in a report on Friday, July 31st. Cantor Fitzgerald reaffirmed an “overweight” rating and set a $320.00 target price (down from $330.00) on shares of Amazon.com in a research report on Friday, July 31st. Finally, Robert W. Baird set a $310.00 price target on Amazon.com and gave the stock an “outperform” rating in a report on Friday, July 31st. One investment analyst has rated the stock with a Strong Buy rating, fifty-six have assigned a Buy rating and two have issued a Hold rating to the stock. According to MarketBeat, Amazon.com presently has a consensus rating of “Moderate Buy” and an average target price of $322.39.

Amazon.com Trading Up 2.5%

NASDAQ:AMZN opened at $265.84 on Thursday. Amazon.com has a 52 week low of $196.00 and a 52 week high of $287.20. The firm’s fifty day moving average is $249.09 and its 200-day moving average is $239.06. The firm has a market cap of $2.87 trillion, a P/E ratio of 21.39, a P/E/G ratio of 1.73 and a beta of 1.45. The company has a debt-to-equity ratio of 0.23, a quick ratio of 0.87 and a current ratio of 1.03.

Amazon.com (NASDAQ:AMZN) last released its earnings results on Thursday, July 30th. The e-commerce giant reported $5.75 EPS for the quarter, topping the consensus estimate of $1.82 by $3.93. The business had revenue of $200.61 billion during the quarter, compared to analysts’ expectations of $197.03 billion. Amazon.com had a return on equity of 18.00% and a net margin of 17.44%.The firm’s revenue was up 19.6% on a year-over-year basis. During the same quarter last year, the firm posted $1.68 earnings per share. Equities analysts expect that Amazon.com will post 8.05 earnings per share for the current year.

Insider Activity

In related news, SVP David Zapolsky sold 9,270 shares of the business’s 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 completion of the sale, the senior vice president owned 41,190 shares in the company, valued at $11,060,750.70. The trade was a 18.37% decrease in their position. The transaction was disclosed in a 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 Douglas J. Herrington sold 3,741 shares of the business’s stock in a transaction that occurred on Monday, August 17th. The stock was sold at an average price of $262.76, for a total transaction of $982,985.16. Following the completion of the sale, the chief executive officer owned 467,138 shares of the company’s stock, valued at approximately $122,745,180.88. The trade was a 0.79% 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 have sold 16,011 shares of company stock valued at $4,256,608. Corporate insiders own 8.90% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of AMZN. Red Crane Wealth Management LLC increased its position in shares of Amazon.com by 2.3% during the first quarter. Red Crane Wealth Management LLC now owns 1,663 shares of the e-commerce giant’s stock valued at $346,000 after buying an additional 38 shares during the period. Robinson Smith Wealth Advisors LLC lifted its holdings in Amazon.com by 0.7% in the first quarter. Robinson Smith Wealth Advisors LLC now owns 5,509 shares of the e-commerce giant’s stock worth $1,147,000 after buying an additional 40 shares during the period. Sfam LLC boosted its position in Amazon.com by 3.4% during the 1st quarter. Sfam LLC now owns 1,224 shares of the e-commerce giant’s stock valued at $255,000 after acquiring an additional 40 shares in the last quarter. Measured Risk Portfolios Inc. grew its holdings in shares of Amazon.com by 3.4% during the 1st quarter. Measured Risk Portfolios Inc. now owns 1,206 shares of the e-commerce giant’s stock worth $251,000 after acquiring an additional 40 shares during the period. Finally, CoreFirst Bank & Trust raised its position in shares of Amazon.com by 1.1% in the 1st quarter. CoreFirst Bank & Trust now owns 3,620 shares of the e-commerce giant’s stock worth $754,000 after acquiring an additional 40 shares in the last quarter. 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: Prime Air expansion: Amazon plans to expand drone delivery to nearly 500 U.S. cities and towns by year-end, roughly six times its current coverage. Packages weighing up to five pounds could arrive in as little as 30 minutes, strengthening Amazon’s delivery advantage and offering a potential long-term efficiency benefit. Amazon to expand drone service to nearly 500 cities
• Positive Sentiment: AWS and AI momentum: AWS reportedly grew 37% year over year to $42.2 billion in the latest quarter, its fastest expansion in 18 quarters, while its AI business surpassed a $25 billion annualized revenue run rate. Investors view the reacceleration as evidence that heavy AI spending is translating into cloud demand. Amazon’s AI business passed a $25 billion run rate
• Positive Sentiment: Large infrastructure commitment: Amazon increased its planned investment in northwest Louisiana from $12 billion to approximately $18 billion, adding a third data-center campus and funding power and water infrastructure. The move signals confidence in sustained AWS demand and helps secure scarce electricity capacity for future growth. Amazon Plugs $18B Into the Southern Power Grid
• Positive Sentiment: Anthropic exposure: Amazon’s investment in Anthropic could become substantially more valuable if the AI company achieves the reported IPO valuation. Anthropic’s growth also supports AWS through cloud-hosting commitments and demand for Amazon’s Bedrock platform. Amazon’s Stake in Anthropic Could Be Worth Over $400 Billion

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.