Amazon.com (NASDAQ:AMZN) had its price objective cut by New Street Research from $285.00 to $280.00 in a research note released on Monday,MarketScreener reports. They currently have a buy rating on the e-commerce giant’s stock.
Several other research firms have also recently weighed in on AMZN. Citizens Jmp upped their price objective on shares of Amazon.com from $300.00 to $315.00 and gave the stock an “outperform” rating in a research report on Monday, February 2nd. Stifel Nicolaus set a $300.00 target price on shares of Amazon.com and gave the company a “buy” rating in a report on Tuesday, January 27th. Argus restated a “buy” rating and issued a $325.00 target price on shares of Amazon.com in a research report on Friday, February 6th. Royal Bank Of Canada reaffirmed an “outperform” rating and set a $300.00 price target on shares of Amazon.com in a report on Friday, February 6th. Finally, Oppenheimer set a $260.00 price objective on shares of Amazon.com and gave the company an “outperform” rating in a research note on Friday, February 6th. One investment analyst has rated the stock with a Strong Buy rating, fifty-three have issued a Buy rating and four have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $286.57.
Check Out Our Latest Analysis on Amazon.com
Amazon.com Trading Up 1.1%
Amazon.com (NASDAQ:AMZN – Get Free Report) last announced its quarterly earnings data on Thursday, February 5th. The e-commerce giant reported $1.95 earnings per share for the quarter, missing the consensus estimate of $1.97 by ($0.02). The company had revenue of $213.39 billion during the quarter, compared to analyst estimates of $211.02 billion. Amazon.com had a net margin of 10.83% and a return on equity of 21.87%. Amazon.com’s revenue was up 13.6% on a year-over-year basis. During the same period in the prior year, the firm earned $1.86 earnings per share. On average, research analysts anticipate that Amazon.com will post 6.31 EPS for the current fiscal year.
Insider Activity
In other news, CEO Andrew R. Jassy sold 19,872 shares of the business’s stock in a transaction dated Monday, February 23rd. The stock was sold at an average price of $205.18, for a total transaction of $4,077,336.96. Following the sale, the chief executive officer directly owned 2,238,118 shares in the company, valued at approximately $459,217,051.24. The trade was a 0.88% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, VP Shelley Reynolds sold 2,695 shares of the firm’s stock in a transaction that occurred on Monday, February 23rd. The shares were sold at an average price of $205.90, for a total transaction of $554,900.50. Following the completion of the transaction, the vice president owned 119,780 shares of the company’s stock, valued at approximately $24,662,702. This trade represents a 2.20% decrease in their position. The SEC filing for this sale provides additional information. In the last ninety days, insiders sold 71,686 shares of company stock valued at $14,688,739. 9.70% of the stock is currently owned by company insiders.
Hedge Funds Weigh In On Amazon.com
Large investors have recently modified their holdings of the business. J. Derek Lewis & Associates Inc. bought a new stake in shares of Amazon.com in the 4th quarter valued at about $3,469,000. Purpose Unlimited Inc. bought a new position in shares of Amazon.com during the fourth quarter worth about $103,016,000. Cornerstone Planning LLC acquired a new position in shares of Amazon.com in the fourth quarter worth approximately $6,871,000. AMG Asset Management Group Inc. acquired a new position in shares of Amazon.com in the fourth quarter worth approximately $947,000. Finally, Forty three Eighteen Advisors LLC bought a new stake in Amazon.com in the fourth quarter valued at approximately $419,000. Institutional investors own 72.20% of the company’s stock.
Amazon.com News Summary
Here are the key news stories impacting Amazon.com this week:
- Positive Sentiment: Big AI vote of confidence — Amazon was a backer in OpenAI’s record $122B funding round, which supports higher AWS demand for model training and inference and strengthens Amazon’s AI/cloud narrative. Amazon Goes Big on OpenAI’s Record Fund Raise. ChatGPT Parent Worth $852 Billion Ahead of IPO.
- Positive Sentiment: Commercial win for Amazon Leo — Delta agreed to equip hundreds of planes with Amazon’s LEO satellite service starting in 2028, a tangible revenue & distribution milestone for Amazon’s satellite initiative versus Starlink. Amazon, Delta team up for in-flight Wi-Fi, challenging Musk’s Starlink
- Positive Sentiment: Wall Street and notable funds are bullish — Citi raised its AMZN price target and high‑profile managers (Druckenmiller, Dalio, Citadel, D.E. Shaw mentions) have increased or maintained stakes, supporting sentiment and upside expectations for AWS-driven growth. Citi Raises Target Price for Amazon.com (AMZN)
- Positive Sentiment: Fintech expansion — Amazon is launching new small‑business credit cards with U.S. Bank/Mastercard, which can boost payments revenue and SMB engagement over time. Amazon to launch new small business credit cards in partnership with U.S. Bank, Mastercard
- Positive Sentiment: Operational/legal tail risk reduced — Amazon settled a Teamsters case alleging retaliation against striking workers, removing a potential labor overhang. Amazon settles Teamsters case alleging it retaliated against striking workers
- Neutral Sentiment: Strategic M&A talks — Reports say Amazon is in talks to buy Globalstar for about $9B to accelerate satellite capacity; strategically meaningful but will require capital and regulatory scrutiny. Amazon in talks to buy $9 billion satellite group Globalstar, FT reports
- Negative Sentiment: Data‑center attack risk — FT/Reuters report Amazon’s cloud operations in Bahrain were damaged in an Iranian strike and another data center was hit by a drone attack, highlighting geopolitical/availability risks to AWS revenue and costs. Amazon’s cloud business in Bahrain damaged in Iran strike, FT reports
- Negative Sentiment: Ad product test underwhelms — Amazon’s new chatbot‑embedded ads reportedly showed weak early results, which could slow ad revenue upside if broader rollout is delayed or reworked. Amazon (AMZN) Tests New Chatbot Ads, but Early Results Are Weak
- Negative Sentiment: Key talent loss & bearish research — Reports of a departing AI chip executive and a pessimistic New Street Research forecast add execution and sentiment risk for AMZN’s AI/hardware ambitions. Amazon Just Lost a Key AI Chip Executive. Is That Bad News for AMZN Stock? New Street Research Issues Pessimistic Forecast for Amazon.com (NASDAQ:AMZN) Stock Price
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.
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