Amazon.com (NASDAQ:AMZN) Shares Up 4.6% on Analyst Upgrade

Amazon.com, Inc. (NASDAQ:AMZN)’s stock price rose 4.6% on Monday after Bank of America raised their price target on the stock from $310.00 to $320.00. Bank of America currently has a buy rating on the stock. Amazon.com traded as high as $287.20 and last traded at $284.02. Approximately 89,729,782 shares traded hands during trading, an increase of 78% from the average daily volume of 50,340,293 shares. The stock had previously closed at $271.58.

AMZN has been the topic of several other research reports. Moffett Nathanson boosted their price target on shares of Amazon.com from $283.00 to $288.00 and gave the stock a “buy” rating in a research report on Tuesday, April 7th. William Blair reaffirmed an “outperform” rating on shares of Amazon.com in a research note on Thursday, April 9th. Wells Fargo & Company reiterated an “overweight” rating and issued a $328.00 price target (up from $322.00) on shares of Amazon.com in a report on Friday. The Goldman Sachs Group reissued a “buy” rating and set a $375.00 price target (up from $335.00) on shares of Amazon.com in a research note on Friday. Finally, UBS Group set a $318.00 price objective on Amazon.com and gave the company a “buy” rating in a report on Friday. Fifty-six investment analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. According to data from MarketBeat.com, Amazon.com currently has a consensus rating of “Moderate Buy” and a consensus price target of $322.56.

Insider Activity at Amazon.com

In other Amazon.com news, VP Shelley Reynolds sold 2,363 shares of Amazon.com stock in a transaction dated Thursday, May 21st. The stock was sold at an average price of $262.38, for a total value of $620,003.94. Following the transaction, the vice president owned 119,780 shares in the company, valued at $31,427,876.40. The trade was a 1.93% 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, CEO Matthew S. Garman sold 15,467 shares of the business’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 transaction of $4,074,007.80. Following the transaction, the chief executive officer owned 14,159 shares of the company’s stock, valued at approximately $3,729,480.60. This trade represents a 52.21% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold 76,867 shares of company stock valued at $20,253,702 over the last 90 days. Insiders own 8.90% of the company’s stock.

Trending Headlines about Amazon.com

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

• Positive Sentiment: AWS growth is driving renewed optimism. Amazon Web Services CEO Matt Garman said customer demand “significantly outstrips supply,” with demand increasingly shifting from AI model training to everyday AI applications. AWS reportedly delivered its fastest growth in 18 quarters, strengthening the case that Amazon’s heavy infrastructure investments are producing returns. AWS Is Investing to Keep Up With Demand, CEO Says
• Positive Sentiment: Large contracted demand supports the outlook. Analysts highlighted an approximately $496 billion AWS order backlog, while CEO Andy Jassy has indicated that customer demand extends into 2028 and that AWS could ultimately become a $1 trillion revenue business. Several Wall Street firms raised their AMZN price targets following the earnings report. Amazon Stock Gains Fuel Uptrend
• Positive Sentiment: AI optimism is lifting the broader technology group. Strong results from Amazon, Microsoft and Alphabet are reinforcing expectations for sustained hyperscaler spending on cloud and data-center capacity. A strategic AWS collaboration will also bring Superblocks’ enterprise AI application platform to Amazon Bedrock. Superblocks and AWS Collaboration

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in the business. Norges Bank purchased a new stake in Amazon.com in the fourth quarter valued at approximately $32,868,735,000. Auto Owners Insurance Co raised its position in Amazon.com by 27,376.7% during the 4th quarter. Auto Owners Insurance Co now owns 98,448,885 shares of the e-commerce giant’s stock worth $2,272,397,000 after buying an additional 98,090,585 shares during the last quarter. J. Stern & Co. LLP raised its position in 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 buying an additional 87,557,736 shares during the last quarter. Nuveen LLC acquired a new stake in Amazon.com during the 1st quarter valued at approximately $11,674,091,000. Finally, Cardano Risk Management B.V. lifted its stake in 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 acquiring an additional 25,017,588 shares during the period. 72.20% of the stock is owned by institutional investors and hedge funds.

Amazon.com Price Performance

The firm’s fifty day moving average price is $245.70 and its 200 day moving average price is $236.15. The firm has a market capitalization of $3.06 trillion, a PE ratio of 22.85, a P/E/G ratio of 2.01 and a beta of 1.46. The company has a current ratio of 1.03, a quick ratio of 0.87 and a debt-to-equity ratio of 0.23.

Amazon.com (NASDAQ:AMZN) last issued its earnings results on Thursday, July 30th. The e-commerce giant reported $5.75 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.82 by $3.93. Amazon.com had a net margin of 17.44% and a return on equity of 18.00%. The firm had revenue of $200.61 billion during the quarter, compared to analysts’ expectations of $197.03 billion. During the same quarter last year, the company posted $1.68 earnings per share. The firm’s revenue was up 19.6% compared to the same quarter last year. As a group, equities analysts forecast that Amazon.com, Inc. will post 7.84 earnings per share for the current year.

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.