Amazon.com, Inc. (NASDAQ:AMZN – Free Report) – Erste Group Bank increased their FY2027 EPS estimates for shares of Amazon.com in a report issued on Wednesday, July 15th. Erste Group Bank analyst S. Lingnau now anticipates that the e-commerce giant will earn $9.99 per share for the year, up from their previous forecast of $9.96. The consensus estimate for Amazon.com’s current full-year earnings is $7.75 per share.
Several other research firms have also commented on AMZN. DA Davidson raised their target price on Amazon.com from $175.00 to $250.00 and gave the stock a “neutral” rating in a report on Thursday, April 30th. Piper Sandler set a $330.00 price objective on Amazon.com in a research report on Thursday, June 11th. Pivotal Research reaffirmed a “buy” rating and set a $320.00 price objective (up from $300.00) on shares of Amazon.com in a research note on Thursday, April 30th. Morgan Stanley lifted their target price on shares of Amazon.com from $300.00 to $330.00 and gave the company an “overweight” rating in a report 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 research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. According to MarketBeat, Amazon.com has a consensus rating of “Moderate Buy” and an average price target of $312.76.
Amazon.com Stock Performance
NASDAQ AMZN opened at $249.89 on Friday. The stock has a 50-day simple moving average of $251.33 and a two-hundred day simple moving average of $235.85. The firm has a market capitalization of $2.69 trillion, a P/E ratio of 29.89, a PEG ratio of 1.90 and a beta of 1.46. Amazon.com has a fifty-two week low of $196.00 and a fifty-two week high of $278.56. The company has a debt-to-equity ratio of 0.27, a quick ratio of 1.01 and a current ratio of 1.18.
Amazon.com (NASDAQ:AMZN – Get Free Report) last posted its earnings results on Wednesday, April 29th. The e-commerce giant reported $2.78 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.63 by $1.15. Amazon.com had a net margin of 12.22% and a return on equity of 19.92%. The company had revenue of $181.52 billion during the quarter, compared to the consensus estimate of $177.28 billion. During the same period in the previous year, the firm posted $1.59 earnings per share. The firm’s quarterly revenue was up 16.6% on a year-over-year basis.
Insider Activity
In related news, SVP David Zapolsky sold 9,270 shares of the firm’s stock in a transaction dated Friday, May 22nd. The shares were sold at an average price of $268.53, for a total value of $2,489,273.10. Following the transaction, the senior vice president directly owned 41,190 shares of the company’s stock, valued at approximately $11,060,750.70. This trade represents a 18.37% decrease in their position. The sale was disclosed in a filing 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 Andrew R. Jassy sold 31,352 shares of Amazon.com stock in a transaction dated Monday, May 4th. The stock was sold at an average price of $275.00, for a total value of $8,621,800.00. Following the completion of the sale, the chief executive officer owned 2,175,766 shares in the company, valued at approximately $598,335,650. The trade was a 1.42% decrease in their ownership of the stock. 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 90 days, insiders have sold 144,274 shares of company stock worth $38,716,204. Company insiders own 8.90% of the company’s stock.
Institutional Trading of Amazon.com
Large investors have recently made changes to their positions in the company. Brighton Jones LLC grew its holdings in shares of Amazon.com by 10.9% during the fourth quarter. Brighton Jones LLC now owns 4,036,091 shares of the e-commerce giant’s stock worth $885,478,000 after buying an additional 397,007 shares in the last quarter. Revolve Wealth Partners LLC lifted its stake in Amazon.com by 4.1% in the 4th quarter. Revolve Wealth Partners LLC now owns 25,045 shares of the e-commerce giant’s stock worth $5,495,000 after purchasing an additional 986 shares in the last quarter. Bank Pictet & Cie Europe AG lifted its position in Amazon.com by 2.8% during the fourth quarter. Bank Pictet & Cie Europe AG now owns 2,016,869 shares of the e-commerce giant’s stock worth $442,481,000 after buying an additional 54,987 shares in the last quarter. Highview Capital Management LLC DE grew its holdings in Amazon.com by 5.5% in the 4th quarter. Highview Capital Management LLC DE now owns 28,975 shares of the e-commerce giant’s stock valued at $6,357,000 after buying an additional 1,518 shares in the last quarter. Finally, Liberty Square Wealth Partners LLC purchased a new stake in shares of Amazon.com in the fourth quarter valued at about $2,153,000. 72.20% of the stock is currently owned by hedge funds and other institutional investors.
More Amazon.com News
Here are the key news stories impacting Amazon.com this week:
- Positive Sentiment: Wedbush reportedly named Amazon a preferred AI hyperscaler over Meta, citing its strategic position in AI and cloud computing. Amazon or Meta: Wedbush Chooses the Superior AI Hyperscaler Stock to Buy
- Positive Sentiment: KeyBanc and other firms turned bullish on Amazon’s AI spending, arguing that large capex is supporting future AWS growth rather than signaling excess. Amazon’s AI Arms Race: KeyBanc Says Massive Capex Is a Feature, Not a Bug
- Positive Sentiment: Analysts highlighted Amazon Web Services’ improving sales trend and raised price targets, reinforcing the view that cloud growth is reaccelerating. Analyst sets AMZN stock price target after higher AWS sales
- Positive Sentiment: Amazon’s in-house chip business was described by CEO Andy Jassy as a major growth engine, with more than $225 billion in customer commitments for Trainium chips. Andy Jassy Says Amazon’s Chip Business Already Has $225 Billion in Commitments
- Positive Sentiment: Several reports pointed to Amazon’s valuation as attractive relative to its AI, cloud, and logistics growth opportunities, and multiple analysts reiterated buy ratings. KeyBanc Raises Amazon Stock’s Price Target Ahead of Earnings
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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