Amazon.com (NASDAQ:AMZN) Upgraded to Buy at Phillip Securities

Phillip Securities upgraded shares of Amazon.com (NASDAQ:AMZN) to a buy rating in a research note released on Wednesday morning,MarketScreener reports. They currently have $280.00 price objective on the e-commerce giant’s stock.

Other analysts have also issued reports about the company. Citigroup reissued a “buy” rating and issued a $325.00 price objective (up from $285.00) on shares of Amazon.com in a report on Thursday, April 30th. Monness Crespi & Hardt boosted their price objective on Amazon.com from $280.00 to $315.00 and gave the company a “buy” rating in a report on Thursday, April 30th. Weiss Ratings raised Amazon.com from a “buy (b-)” rating to a “buy (b)” rating in a report on Wednesday, May 6th. Rosenblatt Securities boosted their target price on shares of Amazon.com from $296.00 to $332.00 and gave the company a “buy” rating in a research note on Thursday, April 30th. Finally, HSBC boosted their target price on shares of Amazon.com from $280.00 to $310.00 and gave the company a “buy” rating in a research note on Thursday, April 30th. Fifty-seven equities research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. According to data from MarketBeat, Amazon.com currently has an average rating of “Moderate Buy” and an average price target of $312.52.

Amazon.com Stock Up 1.6%

Shares of NASDAQ:AMZN opened at $270.13 on Wednesday. The company has a current ratio of 1.18, a quick ratio of 1.01 and a debt-to-equity ratio of 0.27. The company has a fifty day simple moving average of $232.36 and a 200 day simple moving average of $230.13. The firm has a market cap of $2.91 trillion, a PE ratio of 32.31, a price-to-earnings-growth ratio of 1.99 and a beta of 1.46. Amazon.com has a 12-month low of $196.00 and a 12-month high of $278.56.

Amazon.com (NASDAQ:AMZN) last issued its quarterly earnings results on Wednesday, April 29th. The e-commerce giant reported $2.78 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.63 by $1.15. The business had revenue of $181.52 billion during the quarter, compared to analyst estimates of $177.28 billion. Amazon.com had a net margin of 12.22% and a return on equity of 19.92%. The business’s revenue was up 16.6% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.59 earnings per share. On average, equities research analysts anticipate that Amazon.com will post 7.71 EPS for the current fiscal year.

Insider Buying and Selling

In other news, CEO Matthew S. Garman sold 17,751 shares of the company’s stock in a transaction dated Monday, February 23rd. The shares were sold at an average price of $205.22, for a total transaction of $3,642,860.22. Following the completion of the transaction, the chief executive officer owned 9,405 shares in the company, valued at approximately $1,930,094.10. This represents a 65.37% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, SVP David Zapolsky sold 10,649 shares of the company’s stock in a transaction dated Tuesday, February 24th. The stock was sold at an average price of $205.43, for a total transaction of $2,187,624.07. Following the transaction, the senior vice president owned 41,190 shares of the company’s stock, valued at $8,461,661.70. This represents a 20.54% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 190,593 shares of company stock valued at $46,081,241 over the last three months. 8.90% of the stock is owned by company insiders.

Hedge Funds Weigh In On Amazon.com

Several institutional investors have recently modified their holdings of the company. Fairway Wealth LLC grew its holdings in Amazon.com by 113.2% in the 3rd quarter. Fairway Wealth LLC now owns 113 shares of the e-commerce giant’s stock worth $25,000 after buying an additional 60 shares in the last quarter. Sellwood Investment Partners LLC bought a new position in Amazon.com in the 3rd quarter worth approximately $27,000. MilWealth Group LLC grew its holdings in Amazon.com by 79.0% in the 4th quarter. MilWealth Group LLC now owns 179 shares of the e-commerce giant’s stock worth $41,000 after buying an additional 79 shares in the last quarter. Lifetime Wealth Management P.C. bought a new position in Amazon.com in the 4th quarter worth approximately $45,000. Finally, Elkhorn Partners Limited Partnership grew its holdings in Amazon.com by 900.0% in the 4th quarter. Elkhorn Partners Limited Partnership now owns 200 shares of the e-commerce giant’s stock worth $46,000 after buying an additional 180 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: Amazon is rolling out Alexa for Shopping, combining its Rufus capabilities with Alexa+ to create a more personalized AI shopping assistant. Investors may view this as a meaningful step in Amazon’s agentic commerce strategy. Amazon ditches Rufus chatbot, launches Alexa shopping agent in AI strategy pivot
• Positive Sentiment: The company expanded Amazon Now, offering 30-minute delivery in dozens of U.S. cities. That strengthens Amazon’s convenience edge and could help drive more frequent purchases. Amazon accelerates delivery race with 30-minute dropoffs in dozens of U.S. cities
• Positive Sentiment: Whole Foods Market, owned by Amazon, is bringing its smaller-format Daily Shop concept to three new U.S. markets, reinforcing Amazon’s broader grocery and physical retail strategy. Whole Foods Market to Bring its Daily Shop Concept to Three New U.S. Markets
• Neutral Sentiment: Several analysts reiterated bullish views on AMZN, including TD Cowen and Phillip Securities, which can help reinforce confidence but is not a new operating catalyst.
• Neutral Sentiment: Amazon also drew attention for adding AWS-related partnerships and for being mentioned in AI infrastructure spending and Cerebras coverage, which mostly underscores its role as a major AI investor and customer rather than an immediate stock-moving event.
• Negative Sentiment: Reports that Amazon is cutting more jobs and pushing harder on automation may raise concern about internal disruption and ongoing restructuring. Amazon cuts more jobs months after mass layoffs
• Negative Sentiment: Sen. Elizabeth Warren renewed scrutiny of AI data-center power consumption, naming Amazon among the companies under pressure over electricity costs, which could add regulatory and political overhang. Elizabeth Warren Targets Amazon, Google, Microsoft And Meta
• Negative Sentiment: Some recent hedge fund and portfolio-tracking stories noted trimming of Amazon positions, which may be read as a modest sentiment headwind, though not necessarily a fundamental concern. Amazon.com Inc. (AMZN): Chris Rokos Trims Exposure

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.