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

Amazon.com (NASDAQ:AMZN) had its price objective upped by Wells Fargo & Company from $304.00 to $305.00 in a report issued on Thursday morning, Marketbeat Ratings reports. They currently have an overweight rating on the e-commerce giant’s stock.

AMZN has been the topic of a number of other research reports. Telsey Advisory Group restated an “outperform” rating and set a $300.00 target price on shares of Amazon.com in a research note on Friday, February 6th. Bank of America dropped their price target on shares of Amazon.com from $303.00 to $286.00 and set a “buy” rating for the company in a research report on Tuesday, January 27th. Benchmark restated a “buy” rating on shares of Amazon.com in a research report on Thursday, January 29th. Scotiabank reissued an “outperform” rating and set a $275.00 price target (down from $300.00) on shares of Amazon.com in a report on Friday, February 6th. Finally, Piper Sandler restated an “overweight” rating and issued a $260.00 price objective (down from $300.00) on shares of Amazon.com in a research report on Friday, February 6th. One analyst has rated the stock with a Strong Buy rating, fifty-three have given a Buy rating and four have issued a Hold rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $286.59.

Amazon.com Trading Down 0.4%

Shares of Amazon.com stock opened at $209.77 on Thursday. Amazon.com has a 1-year low of $161.38 and a 1-year high of $258.60. The company’s fifty day simple moving average is $214.29 and its 200-day simple moving average is $224.53. The stock has a market capitalization of $2.25 trillion, a PE ratio of 29.26, a P/E/G ratio of 1.58 and a beta of 1.38. The company has a debt-to-equity ratio of 0.16, a current ratio of 1.05 and a quick ratio of 0.88.

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

Insider Buying and Selling

In other Amazon.com news, CEO Andrew R. Jassy sold 19,872 shares of the business’s stock in a transaction that occurred on 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 of the company’s stock, valued at $459,217,051.24. The trade was a 0.88% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, CEO Douglas J. Herrington sold 6,835 shares of the company’s stock in a transaction that occurred on Monday, February 23rd. The shares were sold at an average price of $205.82, for a total value of $1,406,779.70. Following the sale, the chief executive officer owned 522,361 shares in the company, valued at approximately $107,512,341.02. This trade represents a 1.29% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 71,686 shares of company stock valued at $14,688,739 in the last quarter. 9.70% of the stock is currently owned by insiders.

Institutional Trading of Amazon.com

Several institutional investors have recently added to or reduced their stakes in the company. Vanguard Group Inc. lifted its position in shares of Amazon.com by 2.1% during the second quarter. Vanguard Group Inc. now owns 849,721,601 shares of the e-commerce giant’s stock worth $186,420,422,000 after purchasing an additional 17,447,045 shares during the last quarter. State Street Corp grew its stake in Amazon.com by 1.8% in the 4th quarter. State Street Corp now owns 388,653,121 shares of the e-commerce giant’s stock worth $89,708,913,000 after acquiring an additional 6,971,680 shares in the last quarter. Geode Capital Management LLC increased its position in shares of Amazon.com by 1.1% during the fourth quarter. Geode Capital Management LLC now owns 225,120,994 shares of the e-commerce giant’s stock worth $51,753,622,000 after acquiring an additional 2,479,324 shares during the period. Norges Bank purchased a new position in shares of Amazon.com during the fourth quarter worth approximately $32,868,735,000. Finally, Auto Owners Insurance Co raised its stake in shares of Amazon.com by 27,376.7% during the fourth quarter. Auto Owners Insurance Co now owns 98,448,885 shares of the e-commerce giant’s stock valued at $2,272,397,000 after acquiring an additional 98,090,585 shares in the last quarter. Institutional investors 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: Reports that Amazon is in talks to acquire Globalstar for roughly $9 billion — a deal that would accelerate Project Kuiper and strengthen Amazon’s ability to compete with SpaceX’s Starlink — pushed momentum in related space stocks and supports a longer‑term connectivity growth narrative. Read More.
• Positive Sentiment: Wells Fargo nudged its price target slightly higher to $305 and reiterated an overweight view, highlighting AWS acceleration and improving free‑cash‑flow prospects — a modest vote of confidence from the Street. Read More.
• Neutral Sentiment: Market commentary continues to emphasize AWS as the core long‑term driver for AMZN (AI/cloud infrastructure exposure), keeping longer‑term investor conviction intact even as the stock digests short‑term noise. Read More.
• Negative Sentiment: Amazon told U.S. and Canadian third‑party sellers it will add a 3.5% “fuel and logistics” surcharge to fulfillment fees starting April 17 to offset higher transportation costs driven by the Iran war — a move that could squeeze seller economics, trigger higher prices for consumers, and create seller pushback that weighs on GMV. Read More.
• Negative Sentiment: The NLRB ruled Amazon must negotiate with a union representing ~5,000 Staten Island warehouse workers — a reminder that labor and unionization risks could increase operating costs and create local disruptions. Read More.
• Negative Sentiment: Reports that an Iranian strike damaged an AWS data center in Bahrain add geopolitical and operational risk for Amazon’s cloud business; investors may demand clarity on outages, redundancy and potential costs. 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.