Citizens Jmp Reiterates Market Outperform Rating for Amazon.com (NASDAQ:AMZN)

Amazon.com (NASDAQ:AMZN)‘s stock had its “market outperform” rating reiterated by Citizens Jmp in a research note issued on Friday,Benzinga reports. They currently have a $315.00 price target on the e-commerce giant’s stock. Citizens Jmp’s target price indicates a potential upside of 33.76% from the company’s current price.

Several other brokerages have also weighed in on AMZN. Roth Capital lifted their price objective on Amazon.com from $285.00 to $300.00 and gave the stock a “buy” rating in a report on Thursday, April 30th. DA Davidson upped their target price on Amazon.com from $175.00 to $250.00 and gave the company a “neutral” rating in a research note on Thursday, April 30th. Needham & Company LLC reaffirmed a “buy” rating and issued a $300.00 target price on shares of Amazon.com in a research report on Friday. Telsey Advisory Group set a $335.00 price target on shares of Amazon.com in a research note on Friday. Finally, Phillip Securities raised shares of Amazon.com from a “moderate buy” rating to a “buy” rating and set a $280.00 price target on the stock in a report on Wednesday, May 13th. Fifty-seven investment analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. According to MarketBeat, Amazon.com presently has an average rating of “Moderate Buy” and a consensus price target of $316.81.

Amazon.com Stock Up 3.9%

NASDAQ AMZN opened at $235.50 on Friday. The company has a debt-to-equity ratio of 0.27, a quick ratio of 1.01 and a current ratio of 1.18. The firm has a 50-day simple moving average of $245.59 and a 200 day simple moving average of $235.97. Amazon.com has a twelve month low of $196.00 and a twelve month high of $278.56. The stock has a market cap of $2.53 trillion, a PE ratio of 28.17, a PEG ratio of 1.70 and a beta of 1.46.

Amazon.com (NASDAQ:AMZN) last issued its quarterly earnings results on Thursday, July 30th. The e-commerce giant reported $5.75 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.82 by $3.93. The firm had revenue of $200.61 billion for the quarter, compared to analyst estimates of $197.03 billion. Amazon.com had a return on equity of 19.92% and a net margin of 12.22%.The company’s quarterly revenue was up 19.6% compared to the same quarter last year. During the same period in the previous year, the company posted $1.68 earnings per share. On average, research analysts forecast that Amazon.com will post 7.76 EPS for the current year.

Insiders Place Their Bets

In related news, VP Shelley Reynolds sold 2,363 shares of the business’s stock in a transaction on Thursday, May 21st. The stock was sold at an average price of $262.38, for a total value of $620,003.94. Following the sale, the vice president owned 119,780 shares of the company’s stock, valued at $31,427,876.40. The trade was a 1.93% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Andrew R. Jassy sold 20,000 shares of the company’s stock in a transaction on Thursday, May 21st. The shares were sold at an average price of $263.42, for a total value of $5,268,400.00. Following the completion of the sale, the chief executive officer owned 2,205,766 shares in the company, valued at $581,042,879.72. This trade represents a 0.90% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold 135,719 shares of company stock worth $36,438,002 over the last quarter. Corporate insiders own 8.90% of the company’s stock.

Institutional Investors Weigh In On Amazon.com

Large investors have recently made changes to their positions in the company. MilWealth Group LLC increased its holdings in shares of Amazon.com by 79.0% during the fourth 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 shares of Amazon.com in the fourth quarter valued at approximately $45,000. Elkhorn Partners Limited Partnership boosted its holdings in shares of 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 acquiring an additional 180 shares in the last quarter. Fairway Wealth LLC boosted its holdings in shares of Amazon.com by 95.6% in the 4th quarter. Fairway Wealth LLC now owns 221 shares of the e-commerce giant’s stock worth $51,000 after acquiring an additional 108 shares in the last quarter. Finally, Prudent Man Investment Management Inc. grew its position in Amazon.com by 87.7% during the 4th quarter. Prudent Man Investment Management Inc. now owns 229 shares of the e-commerce giant’s stock worth $53,000 after acquiring an additional 107 shares during the last quarter. Institutional investors own 72.20% of the company’s stock.

More Amazon.com News

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

• Positive Sentiment: Record quarter and major earnings beat: Amazon reported revenue of $200.6 billion, up approximately 20% year over year, while adjusted earnings per share reached $5.75 versus the $1.82 consensus estimate. Operating income rose 43% to $27.5 billion. Amazon.com Announces Second Quarter Results
• Positive Sentiment: AWS growth validates AI investments: AWS revenue jumped 37% to $42.2 billion, its fastest growth in more than four years and ahead of expectations. New cloud arrangements with Meta and OpenAI, along with strong enterprise AI demand, reinforced the view that Amazon is beginning to monetize its heavy infrastructure spending. Amazon jumps as AWS growth soothes fears over rising AI spending
• Positive Sentiment: Advertising and retail also contributed: Advertising revenue climbed 26% to nearly $20 billion, while North American sales increased 16%, suggesting that Amazon’s profit growth is not dependent solely on AWS. Amazon Thrives On Big Q2 For AI, Advertising Revenue Climbs
• Positive Sentiment: Analysts raised targets: Baird lifted its target to $310, JPMorgan to $365, and Bank of America to $320, citing accelerating AWS growth, AI momentum, and potential margin expansion. Citi maintained its Buy rating and $325 target. J.P. Morgan Amazon price target
• Neutral Sentiment: Zoox reached a regulatory milestone: Amazon’s autonomous-vehicle unit received approval to begin limited paid robotaxi rides, providing a potential long-term growth option but little immediate earnings impact. Amazon’s Zoox wins first US approval for paid robotaxis
• Negative Sentiment: Capital spending remains the key risk: Amazon’s approximately $220 billion 2026 spending plan and reported AI-related cost overruns could pressure free cash flow. Third-quarter revenue guidance of $197 billion to $202 billion also came in below the $204.6 billion analyst consensus, tempering the otherwise bullish outlook.

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.