Wells Fargo & Company Increases Amazon.com (NASDAQ:AMZN) Price Target to $305.00

Amazon.com (NASDAQ:AMZN) had its price target upped by equities researchers at Wells Fargo & Company from $304.00 to $305.00 in a research note issued to investors on Thursday,MarketScreener reports. The brokerage presently has an “overweight” rating on the e-commerce giant’s stock. Wells Fargo & Company‘s target price indicates a potential upside of 48.14% from the stock’s current price.

A number of other research analysts have also recently commented on AMZN. UBS Group set a $311.00 price target on Amazon.com in a research note on Tuesday, February 3rd. Sanford C. Bernstein reissued an “outperform” rating on shares of Amazon.com in a research note on Friday, February 6th. Morgan Stanley restated an “overweight” rating and set a $300.00 target price (down from $315.00) on shares of Amazon.com in a report on Friday, February 6th. The Goldman Sachs Group lifted their target price on Amazon.com from $290.00 to $300.00 and gave the company a “buy” rating in a research report on Wednesday, January 14th. Finally, Oppenheimer set a $260.00 price target on shares of Amazon.com and gave the stock an “outperform” rating in a research note on Friday, February 6th. One equities research analyst has rated the stock with a Strong Buy rating, fifty-three have issued a Buy rating and four have issued a Hold rating to the stock. Based on data from MarketBeat.com, Amazon.com presently has an average rating of “Moderate Buy” and an average price target of $286.59.

Amazon.com Stock Down 2.2%

Shares of NASDAQ AMZN opened at $205.88 on Thursday. The company has a current ratio of 1.05, a quick ratio of 0.88 and a debt-to-equity ratio of 0.16. The stock has a market capitalization of $2.21 trillion, a PE ratio of 28.71, a price-to-earnings-growth ratio of 1.56 and a beta of 1.38. Amazon.com has a 12-month low of $161.38 and a 12-month high of $258.60. The stock’s fifty day simple moving average is $214.78 and its two-hundred day simple moving average is $224.63.

Amazon.com (NASDAQ:AMZN) last released its quarterly earnings data on Thursday, February 5th. The e-commerce giant reported $1.95 earnings per share for the quarter, missing analysts’ consensus estimates of $1.97 by ($0.02). Amazon.com had a net margin of 10.83% and a return on equity of 21.87%. The firm had revenue of $213.39 billion during the quarter, compared to analysts’ expectations of $211.02 billion. During the same period in the previous year, the firm posted $1.86 EPS. The firm’s quarterly revenue was up 13.6% on a year-over-year basis. As a group, analysts expect that Amazon.com will post 6.31 EPS for the current fiscal year.

Insider Buying and Selling

In other news, SVP David Zapolsky sold 10,649 shares of the company’s stock in a transaction on Tuesday, February 24th. The stock was sold at an average price of $205.43, for a total transaction of $2,187,624.07. Following the completion of the sale, the senior vice president directly owned 41,190 shares in the company, valued at $8,461,661.70. This represents a 20.54% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, VP Shelley Reynolds sold 2,695 shares of Amazon.com stock in a transaction on Monday, February 23rd. The shares were sold at an average price of $205.90, for a total value of $554,900.50. Following the completion of the transaction, the vice president owned 119,780 shares in the company, valued at $24,662,702. The trade was a 2.20% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 71,686 shares of company stock worth $14,688,739 over the last 90 days. Company insiders own 9.70% of the company’s stock.

Institutional Investors Weigh In On Amazon.com

Several hedge funds have recently modified their holdings of AMZN. Norges Bank bought a new stake in shares of Amazon.com in the 4th quarter valued at approximately $32,868,735,000. Auto Owners Insurance Co grew its position in Amazon.com by 27,376.7% in the fourth quarter. Auto Owners Insurance Co now owns 98,448,885 shares of the e-commerce giant’s stock worth $2,272,397,000 after acquiring an additional 98,090,585 shares in the last quarter. J. Stern & Co. LLP increased its stake in shares of Amazon.com by 20,598.0% during the 4th quarter. J. Stern & Co. LLP now owns 87,982,814 shares of the e-commerce giant’s stock worth $20,308,193,000 after purchasing an additional 87,557,736 shares during the last quarter. Nuveen LLC bought a new position in shares of Amazon.com during the 1st quarter valued at $11,674,091,000. Finally, Cardano Risk Management B.V. raised its holdings in shares of Amazon.com by 879.4% during the 4th quarter. Cardano Risk Management B.V. now owns 27,862,400 shares of the e-commerce giant’s stock valued at $6,431,199,000 after purchasing an additional 25,017,588 shares in the last quarter. 72.20% of the stock is owned by hedge funds and other institutional investors.

Key Headlines Impacting Amazon.com

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

• Positive Sentiment: Amazon is reportedly in talks to buy satellite operator Globalstar for about $9 billion — a deal that would accelerate its Kuiper/Leo network and strengthen its ability to compete with SpaceX’s Starlink (though Apple’s stake in Globalstar complicates negotiations). Read More.
• Positive Sentiment: Amazon secured a major commercial win for its Leo service: a multi‑year deal to equip hundreds of Delta Air Lines aircraft (initially ~500) with in‑flight LEO connectivity beginning in 2028 — a tangible revenue/scale catalyst for its satellite business. Read More.
• Positive Sentiment: Amazon is publicly tied to a massive OpenAI funding round and headlines say it’s backing OpenAI’s growth (reports include a large Amazon commitment). Stronger OpenAI ties support Amazon’s AI/cloud positioning and long‑term AWS demand. Read More. · Read More.
• Positive Sentiment: Product/fintech moves: Amazon is launching new small‑business credit cards in partnership with U.S. Bank/Mastercard (replacing the AmEx relationship), which could widen payments revenue and SMB engagement. Read More.
• Neutral Sentiment: Market and analyst support: a mix of institutional buying, upgrades and bullish holdings (D.E. Shaw, Tigress, Citadel mentions) underline long‑term conviction in AMZN’s AI/cloud upside, but these are longer‑horizon positives. Read More.
• Negative Sentiment: Geopolitical/operational risk: the Financial Times/Reuters report that an Iranian strike damaged an AWS data center in Bahrain — a direct operational and reputational risk for AWS with potential service and cost implications. Read More.
• Negative Sentiment: Regulatory/competitive headwind: SpaceX filed an FCC complaint accusing Amazon of orbital debris violations — an escalation that could delay or raise the cost of Leo rollouts. Read More.
• Negative Sentiment: Talent/execution concern: reports that a key AI‑chip executive left Amazon add execution risk to its in‑house silicon plans, a potential headwind for low‑latency AI infrastructure ambitions. Read More.

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.