Amazon.com’s (AMZN) Market Outperform Rating Reiterated at Citizens Jmp

Amazon.com (NASDAQ:AMZN)‘s stock had its “market outperform” rating reaffirmed by stock analysts at Citizens Jmp in a research note issued to investors on Wednesday,Benzinga reports. They presently have a $315.00 price target on the e-commerce giant’s stock. Citizens Jmp’s price target would suggest a potential upside of 25.19% from the company’s previous close.

AMZN has been the subject of several other reports. Sanford C. Bernstein restated an “outperform” rating and set a $315.00 price target (up from $300.00) on shares of Amazon.com in a report on Thursday, April 30th. KeyCorp upped their price target on shares of Amazon.com from $325.00 to $330.00 and gave the stock an “overweight” rating in a research note on Thursday, April 30th. Guggenheim reissued a “buy” rating and set a $320.00 price objective (up from $300.00) on shares of Amazon.com in a research report on Thursday, April 30th. Piper Sandler set a $330.00 price objective on shares of Amazon.com in a research note on Thursday, June 11th. Finally, Susquehanna reaffirmed a “positive” rating and issued a $325.00 target price (up from $300.00) on shares of Amazon.com in a report on Thursday, April 30th. Fifty-seven equities research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $312.79.

Amazon.com Stock Performance

Shares of AMZN opened at $251.62 on Wednesday. The company has a quick ratio of 1.01, a current ratio of 1.18 and a debt-to-equity ratio of 0.27. The stock has a market cap of $2.71 trillion, a P/E ratio of 30.17, a P/E/G ratio of 1.84 and a beta of 1.46. The business’s 50 day moving average price is $252.16 and its 200-day moving average price is $235.57. Amazon.com has a 52 week low of $196.00 and a 52 week high of $278.56.

Amazon.com (NASDAQ:AMZN) last posted its quarterly earnings data on Wednesday, April 29th. The e-commerce giant reported $2.78 earnings per share for the quarter, beating analysts’ consensus estimates of $1.63 by $1.15. The company had revenue of $181.52 billion during the quarter, compared to analyst estimates of $177.28 billion. Amazon.com had a return on equity of 19.92% and a net margin of 12.22%.The firm’s revenue for the quarter was up 16.6% on a year-over-year basis. During the same quarter last year, the company earned $1.59 EPS. Equities research analysts anticipate that Amazon.com will post 7.75 earnings per share for the current fiscal year.

Insider Transactions at Amazon.com

In related news, CEO Douglas J. Herrington sold 1,000 shares of the firm’s stock in a transaction that occurred on Wednesday, July 1st. The shares were sold at an average price of $239.77, for a total value of $239,770.00. Following the sale, the chief executive officer owned 484,527 shares in the company, valued at approximately $116,175,038.79. This trade represents a 0.21% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through 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 Amazon.com 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 completion of the sale, the chief executive officer directly 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. Over the last three months, insiders sold 175,274 shares of company stock valued at $46,621,204. Company insiders own 8.90% of the company’s stock.

Hedge Funds Weigh In On Amazon.com

Hedge funds and other institutional investors have recently modified their holdings of the company. Vanguard Group Inc. increased its position in shares of Amazon.com by 1.1% during the 1st quarter. Vanguard Group Inc. now owns 832,274,556 shares of the e-commerce giant’s stock valued at $158,348,557,000 after purchasing an additional 8,913,959 shares during the last quarter. State Street Corp boosted its holdings in shares of Amazon.com by 1.8% in the fourth quarter. State Street Corp now owns 388,653,121 shares of the e-commerce giant’s stock worth $89,708,913,000 after buying an additional 6,971,680 shares during the last quarter. Geode Capital Management LLC grew its position in 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 valued at $51,753,622,000 after buying an additional 2,479,324 shares during the period. Norges Bank bought a new stake in Amazon.com during the fourth quarter valued at approximately $32,868,735,000. Finally, Auto Owners Insurance Co increased its holdings in 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 buying an additional 98,090,585 shares during the last quarter. 72.20% of the stock is owned by institutional investors.

Amazon.com News Roundup

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

• Positive Sentiment: Amazon announced a commercial relationship with Electrovaya that should support continued deployment of battery technology in material handling and could expand into robotics and energy storage, reinforcing Amazon’s automation and logistics strategy. Electrovaya Announces Commercial Relationship with Amazon
• Positive Sentiment: Jefferies reiterated Amazon as a top pick, citing resilient Prime Day consumer spending, accelerating AWS growth, and a valuation it views as attractive heading into earnings. Amazon seen well-positioned going into Q2 report on AWS momentum, Prime Day spending
• Positive Sentiment: Several analysts and market commentators highlighted Amazon’s financial strength, AI investment potential, and warehouse robotics push, which supports the bull case that long-term growth can come from cloud, automation, and custom silicon. Amazon Is Throwing Billions at Warehouse Robotics: What That Means for Symbotic’s Stock.
• Neutral Sentiment: Amazon continues to draw investor attention as a major AI and cloud infrastructure story, with multiple articles arguing that AWS and broader AI spending remain key drivers, though these are more thesis-supporting than immediately stock-moving. How Amazon (AMZN) Is Using Its Financial Strength to Accelerate AI and Cloud Infrastructure Expansion
• Negative Sentiment: Amazon’s recent $25 billion bond sale reportedly saw weaker-than-average demand and wider concessions, which raised concerns that investors are becoming more cautious about the company’s large AI-related spending plans and debt needs. The Bond Market Just Sent Amazon a Message Investors Shouldn’t Ignore
• Negative Sentiment: New York’s ban on new AI data centers added another policy risk for Amazon and other hyperscalers, since it could slow future infrastructure expansion and add uncertainty around the AI buildout. New York Just Banned New AI Data Centers. Here’s What It Means for Microsoft, Amazon, and Google.

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.