Amazon.com (NASDAQ:AMZN) Raised to Strong-Buy at Rosenblatt Securities

Amazon.com (NASDAQ:AMZN) was upgraded by Rosenblatt Securities to a “strong-buy” rating in a research note issued on Wednesday, MarketBeat reports.

A number of other research analysts have also commented on the company. Citizens Jmp reiterated a “market outperform” rating and set a $315.00 price target on shares of Amazon.com in a report on Friday, July 31st. 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. Maxim Group lifted their target price on shares of Amazon.com from $290.00 to $315.00 and gave the company a “buy” rating in a research note on Thursday, April 30th. Telsey Advisory Group set a $335.00 price objective on Amazon.com and gave the company an “outperform” rating in a research report on Friday, July 31st. Finally, Guggenheim restated a “buy” rating and set a $320.00 target price (up from $300.00) on shares of Amazon.com in a report on Thursday, April 30th. Two research analysts have rated the stock with a Strong Buy rating, fifty-five have assigned a Buy rating and two have assigned a Hold rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Buy” and a consensus target price of $322.39.

Amazon.com Stock Performance

Amazon.com stock opened at $259.92 on Wednesday. The stock has a fifty day moving average of $249.46 and a two-hundred day moving average of $239.21. The company has a debt-to-equity ratio of 0.23, a quick ratio of 0.87 and a current ratio of 1.03. The company has a market capitalization of $2.80 trillion, a price-to-earnings ratio of 20.91, a PEG ratio of 1.77 and a beta of 1.45. Amazon.com has a fifty-two week low of $196.00 and a fifty-two week high of $287.20.

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

Insider Transactions at Amazon.com

In other Amazon.com news, CEO Douglas J. Herrington sold 3,741 shares of Amazon.com stock in a transaction that occurred on Monday, August 17th. The shares were 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 directly owned 467,138 shares in the company, valued at $122,745,180.88. The trade was a 0.79% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last quarter, insiders have sold 6,741 shares of company stock worth $1,767,335. Insiders own 8.90% of the company’s stock.

Institutional Investors Weigh In On Amazon.com

Hedge funds have recently bought and sold shares of the business. Trust Asset Management LLC boosted its holdings in Amazon.com by 3.3% in the 2nd quarter. Trust Asset Management LLC now owns 107,563 shares of the e-commerce giant’s stock worth $26,000 after buying an additional 3,414 shares during the period. Bard Associates Inc. bought a new position in Amazon.com in the 2nd quarter worth about $32,000. Longfellow Investment Management Co. LLC purchased a new stake in shares of Amazon.com in the 2nd quarter valued at about $33,000. MilWealth Group LLC grew its holdings in shares of Amazon.com by 79.0% during the fourth quarter. MilWealth Group LLC now owns 179 shares of the e-commerce giant’s stock worth $41,000 after purchasing an additional 79 shares in the last quarter. Finally, Lifetime Wealth Management P.C. bought a new position in shares of Amazon.com in the fourth quarter worth approximately $45,000. Institutional investors own 72.20% of the company’s stock.

More Amazon.com News

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

• Positive Sentiment: AI and AWS remain the main bullish catalysts: Analysts and fund filings highlighted Amazon’s positioning in artificial intelligence, including reportedly faster AWS growth, a more than $25 billion annualized AI revenue run rate and substantial cloud demand from Anthropic. Stanley Druckenmiller and Cathie Wood both increased their AMZN positions during the second quarter, while Rosenblatt initiated coverage with a “buy” rating and a $335 price target. Amazon not getting enough credit for AI positioning
• Positive Sentiment: Investments are expanding Amazon’s long-term infrastructure and delivery capabilities: Amazon plans to bring Prime Air drone delivery to nearly 500 U.S. cities by year-end and is building a multibillion-dollar robotics facility in Austin, Texas. The initiatives could improve delivery speed, automate fulfillment and support long-term cost advantages, although execution remains important. Amazon Prime Air expansion
• Positive Sentiment: Prime Video is committing $2 billion to Latin America through 2030: The spending will fund original programming, sports rights and expanded streaming distribution, creating a potential source of international advertising, subscription and engagement growth. Amazon Prime Video Latin America investment
• Neutral Sentiment: Amazon is open to discussions over its planned Quebec shutdown: Talks with Canadian and Quebec officials could alter the decision, which would otherwise eliminate about 1,700 jobs. A resolution may reduce political and reputational risk, but the financial impact is currently uncertain. Amazon Quebec shutdown discussions
• Negative Sentiment: Delivery and labor risks are increasing: A proposed New York City ordinance would prohibit Amazon and similar retailers from using subcontractors for deliveries, while UPS is reportedly phasing out most of its last-mile services for Amazon. These changes could raise logistics costs or complicate delivery capacity. New York City delivery ordinance
• Negative Sentiment: Investors are questioning the quality of recent earnings gains: A reported $53.4 billion benefit tied to the rising value of Amazon’s Anthropic investment has drawn scrutiny because it does not represent operating cash flow. Rising bond yields and a weak retail-sector backdrop have added pressure to mega-cap growth stocks. Amazon Anthropic gain scrutiny

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.