Amazon.com (NASDAQ:AMZN) Given New $275.00 Price Target at Citizens Jmp

Amazon.com (NASDAQ:AMZN) had its price objective reduced by equities research analysts at Citizens Jmp from $315.00 to $275.00 in a research note issued on Friday, Benzinga reports. The brokerage currently has a “market outperform” rating on the e-commerce giant’s stock. Citizens Jmp‘s target price would suggest a potential upside of 12.80% from the company’s current price.

AMZN has been the subject of a number of other reports. Rosenblatt Securities lifted their price objective on shares of Amazon.com from $335.00 to $360.00 and gave the company a “buy” rating in a report on Wednesday, September 30th. Morgan Stanley reissued an “overweight” rating and set a $350.00 price objective (up from $335.00) on shares of Amazon.com in a report on Monday, October 19th. Oppenheimer reissued an “outperform” rating on shares of Amazon.com in a research note on Friday, July 31st. Barclays restated an “overweight” rating and issued a $365.00 target price (up from $330.00) on shares of Amazon.com in a report on Friday, July 31st. Finally, Needham & Company LLC reaffirmed a “buy” rating and set a $300.00 target price on shares of Amazon.com in a research report on Friday, July 31st. One analyst has rated the stock with a Strong Buy rating, fifty-six have issued a Buy rating and three have issued a Hold rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $324.46.

Amazon.com Trading Down 4.2%

Shares of AMZN stock opened at $243.79 on Friday. The company has a market cap of $2.63 trillion, a P/E ratio of 19.61, a PEG ratio of 1.98 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. 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 stock has a 50 day simple moving average of $254.67 and a two-hundred day simple moving average of $243.12.

Amazon.com (NASDAQ:AMZN) last announced its quarterly earnings data on Thursday, October 29th. The e-commerce giant reported $1.89 earnings per share for the quarter, missing the consensus estimate of $1.97 by ($0.08). Amazon.com had a net margin of 17.44% and a return on equity of 18.00%. The company had revenue of $201.94 billion for the quarter, compared to analyst estimates of $202.22 billion. During the same quarter in the prior year, the company posted $1.95 EPS. Amazon.com’s revenue for the quarter was up 12.1% on a year-over-year basis. Research analysts forecast that Amazon.com will post 8.00 earnings per share for the current year.

Insider Activity at Amazon.com

In related news, SVP David Zapolsky sold 9,258 shares of the firm’s stock in a transaction dated Monday, August 24th. The shares were sold at an average price of $259.77, for a total transaction of $2,404,950.66. Following the completion of the sale, the senior vice president owned 41,190 shares in the company, valued at approximately $10,699,926.30. This trade represents a 18.35% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Douglas Herrington sold 6,362 shares of Amazon.com stock in a transaction dated Friday, August 21st. The stock was sold at an average price of $259.01, for a total transaction of $1,647,821.62. Following the completion of the sale, the chief executive officer directly owned 476,681 shares in the company, valued at approximately $123,465,145.81. This represents a 1.32% decrease in their position. 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 71,589 shares of company stock valued at $18,580,515 in the last 90 days. 8.90% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Amazon.com

Institutional investors and hedge funds have recently bought and sold shares of the company. State Street Corp boosted its stake in Amazon.com by 5.5% in the 2nd quarter. State Street Corp now owns 411,848,346 shares of the e-commerce giant’s stock worth $95,504,904,000 after purchasing an additional 21,398,025 shares during the period. Bank of America Corp DE bought a new stake in shares of Amazon.com during the second quarter valued at about $22,218,775,000. Bank of New York Mellon Corp bought a new stake in shares of Amazon.com during the second quarter valued at about $16,341,405,000. Amundi lifted its holdings in shares of Amazon.com by 3.9% in the second quarter. Amundi now owns 63,822,242 shares of the e-commerce giant’s stock worth $15,211,393,000 after buying an additional 2,421,739 shares in the last quarter. Finally, Legal & General Group Plc bought a new position in shares of Amazon.com in the second quarter valued at approximately $12,831,376,000. 72.20% of the stock is owned by institutional investors.

Key Amazon.com News

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

• Positive Sentiment: AWS growth accelerated sharply. Amazon Web Services revenue increased 39% to approximately $46 billion, its fastest growth in nearly five years, and management said growth could exceed 40% in 2027 and 2028. AWS remains Amazon’s primary earnings driver, accounting for a large share of operating profit. Amazon AWS revenue grows 39%, leading to wider margin
• Positive Sentiment: Analysts remain constructive on Amazon’s long-term AI and cloud opportunity. Bank of America reiterated a Buy rating and set a $317 price target, citing strong AWS momentum. CEO Andy Jassy also forecast that AWS and Amazon’s stores business could each eventually reach $1 trillion in annual revenue, while the company plans to launch initial Leo satellite-internet service this year. Amazon Price Target Trimmed to $317
• Neutral Sentiment: Amazon is expanding its AI infrastructure and automation capabilities. Jassy said Amazon has more than one million warehouse robots and expects automation to handle more repetitive work. The company also plans to sell its internally developed Trainium AI chips to customers outside AWS by late 2027, potentially creating a new revenue stream but requiring continued investment.
• Negative Sentiment: Amazon missed quarterly expectations. Third-quarter EPS was $1.89 versus consensus estimates near $1.97-$2.01, while revenue of $201.9 billion also fell modestly short of forecasts. Earnings declined from $1.95 a year earlier despite 12.1% revenue growth. Amazon projects fourth quarter sales below estimates
• Negative Sentiment: Capital spending is overwhelming near-term cash generation. Amazon reported negative free cash flow of roughly $42.4 billion over the past 12 months after spending $77.3 billion on property and equipment in the quarter. Its roughly $220 billion 2026 capital-expenditure outlook, alongside expectations for higher AI spending in 2027, has raised concerns about debt, profitability and the timing of investment returns. A cautious fourth-quarter revenue outlook added pressure ahead of the holiday season.

Amazon.com Company Profile

Amazon.com, Inc is a global technology and e-commerce company founded by Jeff Bezos in 1994. Originally launched as an online bookstore, the company has expanded into a broad digital marketplace offering consumer products across numerous categories, including electronics, household goods, apparel, groceries and other merchandise. Amazon also sells products under its own brands and provides logistics, fulfillment and delivery services that support its retail operations and third-party sellers.

The company’s principal businesses include online and physical retail, Amazon Web Services (AWS), digital advertising, subscription services and consumer technology.