Amazon.com’s (AMZN) Outperform Rating Reiterated at Wedbush

Amazon.com (NASDAQ:AMZN)‘s stock had its “outperform” rating reissued by stock analysts at Wedbush in a report issued on Thursday,Benzinga reports. They presently have a $293.00 price objective on the e-commerce giant’s stock. Wedbush’s price target indicates a potential upside of 14.92% from the company’s previous close.

A number of other analysts also recently issued reports on the company. Telsey Advisory Group raised their target price on Amazon.com from $300.00 to $315.00 and gave the stock an “outperform” rating in a research note on Thursday, April 30th. Stifel Nicolaus set a $319.00 price objective on shares of Amazon.com and gave the stock a “buy” rating in a research report on Thursday, April 30th. Susquehanna reiterated a “positive” rating and issued a $325.00 target price (up from $300.00) on shares of Amazon.com in a report on Thursday, April 30th. BNP Paribas Exane increased their price target on shares of Amazon.com from $320.00 to $345.00 and gave the company an “outperform” rating in a research note on Tuesday, May 5th. Finally, UBS Group set a $315.00 price target on shares of Amazon.com in a report on Monday, June 1st. Fifty-seven analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $312.76.

Amazon.com Trading Up 3.0%

Shares of Amazon.com stock opened at $254.96 on Thursday. The company has a debt-to-equity ratio of 0.27, a current ratio of 1.18 and a quick ratio of 1.01. The stock’s 50 day simple moving average is $251.76 and its 200-day simple moving average is $235.73. The stock has a market cap of $2.74 trillion, a P/E ratio of 30.50, a P/E/G ratio of 1.85 and a beta of 1.46. Amazon.com has a 1-year low of $196.00 and a 1-year high of $278.56.

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

Insider Buying and Selling

In other Amazon.com news, CEO Andrew R. Jassy sold 20,000 shares of the company’s stock in a transaction on Thursday, May 21st. The stock was sold at an average price of $263.42, for a total transaction of $5,268,400.00. Following the transaction, the chief executive officer directly owned 2,205,766 shares in the company, valued at $581,042,879.72. This represents a 0.90% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, SVP David Zapolsky sold 9,270 shares of the firm’s stock in a transaction 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 transaction, the senior vice president owned 41,190 shares of the company’s stock, valued at approximately $11,060,750.70. This represents a 18.37% 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 175,274 shares of company stock valued at $46,621,204 over the last quarter. 8.90% of the stock is owned by corporate insiders.

Institutional Trading of Amazon.com

Several hedge funds have recently made changes to their positions in the business. Trust Asset Management LLC raised its stake in shares of Amazon.com by 3.3% in the second quarter. Trust Asset Management LLC now owns 107,563 shares of the e-commerce giant’s stock valued at $26,000 after acquiring an additional 3,414 shares in the last quarter. MilWealth Group LLC increased its holdings in Amazon.com by 79.0% during the 4th quarter. MilWealth Group LLC now owns 179 shares of the e-commerce giant’s stock worth $41,000 after purchasing an additional 79 shares during the period. Lifetime Wealth Management P.C. acquired a new stake in Amazon.com in the 4th quarter valued at about $45,000. Elkhorn Partners Limited Partnership boosted its stake in shares of Amazon.com by 900.0% in the 4th quarter. Elkhorn Partners Limited Partnership now owns 200 shares of the e-commerce giant’s stock valued at $46,000 after buying an additional 180 shares during the period. Finally, Fairway Wealth LLC grew its position in shares of Amazon.com by 95.6% during the fourth quarter. Fairway Wealth LLC now owns 221 shares of the e-commerce giant’s stock worth $51,000 after buying an additional 108 shares in the last quarter. Institutional investors and hedge funds own 72.20% of the company’s stock.

Key Stories Impacting Amazon.com

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

• Positive Sentiment: Citizens JMP reaffirmed its Market Outperform rating on Amazon and raised its price target to $315, citing continued strength in AWS and AI-related growth drivers. Amazon.com (NASDAQ:AMZN) Receives “Market Outperform” Rating from Citizens Jmp
• Positive Sentiment: Jefferies said Amazon remains a top pick over other megacap tech names, arguing the stock offers attractive exposure to AI data centers, cloud demand, and Prime Day-driven consumer spending. Amazon seen well-positioned going into Q2 report on AWS momentum, Prime Day spending
• Positive Sentiment: News that Amazon may expand its AI chip business and potentially sell Trainium externally adds another possible revenue stream beyond retail and cloud. Could This “Magnificent Seven” Stock End Up Being Nvidia’s Biggest Rival?
• Positive Sentiment: Amazon also announced a commercial relationship with Electrovaya, supporting battery deployment in material handling and potential expansion into robotics and energy storage. Electrovaya Announces Commercial Relationship with Amazon
• Neutral Sentiment: Amazon said its low-earth-orbit internet venture, Amazon Leo, will launch a broadband service in South Africa in 2027, showing longer-term optionality but not a near-term earnings impact. Amazon Leo to bring satellite internet to South Africa in 2027
• Neutral Sentiment: Amazon’s warehouse automation efforts ran into some employee resistance, with managers reportedly overriding automated staffing recommendations during pilot tests. Please turn it off. Amazon’s push to automate warehouse staffing runs into human resistance.
• Negative Sentiment: Some investors are growing wary of AI-related debt spending across hyperscalers, and Amazon’s large AI and infrastructure investment plans remain a concern if returns take longer than expected. Investors Are Growing Wary of AI-Related Debt
• Negative Sentiment: Amazon AWS cloud leader Dave Brown is leaving after nearly two decades, a modest leadership headline that could weigh on sentiment around the cloud unit. Amazon AWS executive and CEO advisor Dave Brown to leave after 19 years

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.