Amazon.com (AMZN) – Investment Analysts’ Recent Ratings Changes

Amazon.com (NASDAQ: AMZN) has recently received a number of price target changes and ratings updates:

• 11/14/2024 – Amazon.com had its price target raised by analysts at Needham & Company LLC from $210.00 to $250.00. They now have a “buy” rating on the stock.
• 11/6/2024 – Amazon.com had its price target raised by analysts at Loop Capital from $225.00 to $275.00. They now have a “buy” rating on the stock.
• 11/4/2024 – Amazon.com had its price target raised by analysts at Morgan Stanley from $210.00 to $230.00. They now have an “overweight” rating on the stock.
• 11/1/2024 – Amazon.com had its price target raised by analysts at Scotiabank from $245.00 to $246.00. They now have a “sector outperform” rating on the stock.
• 11/1/2024 – Amazon.com had its price target raised by analysts at Susquehanna from $220.00 to $230.00. They now have a “positive” rating on the stock.
• 11/1/2024 – Amazon.com had its price target raised by analysts at JPMorgan Chase & Co. from $230.00 to $250.00. They now have an “overweight” rating on the stock.
• 11/1/2024 – Amazon.com had its price target raised by analysts at Piper Sandler from $215.00 to $225.00. They now have an “overweight” rating on the stock.
• 11/1/2024 – Amazon.com had its price target raised by analysts at Wedbush from $225.00 to $250.00. They now have an “outperform” rating on the stock.
• 11/1/2024 – Amazon.com had its price target raised by analysts at Sanford C. Bernstein from $225.00 to $235.00. They now have an “outperform” rating on the stock.
• 11/1/2024 – Amazon.com had its price target raised by analysts at Royal Bank of Canada from $215.00 to $225.00. They now have an “outperform” rating on the stock.
• 11/1/2024 – Amazon.com had its “outperform” rating reaffirmed by analysts at BMO Capital Markets. They now have a $236.00 price target on the stock, up previously from $230.00.
• 11/1/2024 – Amazon.com had its price target raised by analysts at Robert W. Baird from $213.00 to $220.00. They now have an “outperform” rating on the stock.
• 11/1/2024 – Amazon.com had its price target raised by analysts at Oppenheimer Holdings Inc. from $220.00 to $230.00. They now have an “outperform” rating on the stock.
• 11/1/2024 – Amazon.com had its price target raised by analysts at Evercore ISI from $240.00 to $260.00. They now have an “outperform” rating on the stock.
• 11/1/2024 – Amazon.com had its price target raised by analysts at Telsey Advisory Group from $215.00 to $235.00. They now have an “outperform” rating on the stock.
• 11/1/2024 – Amazon.com had its price target raised by analysts at JMP Securities from $265.00 to $285.00. They now have a “market outperform” rating on the stock.
• 11/1/2024 – Amazon.com had its price target raised by analysts at Deutsche Bank Aktiengesellschaft from $225.00 to $232.00. They now have a “buy” rating on the stock.
• 11/1/2024 – Amazon.com had its price target raised by analysts at Maxim Group from $251.00 to $260.00. They now have a “buy” rating on the stock.
• 11/1/2024 – Amazon.com had its price target raised by analysts at Benchmark Co. from $200.00 to $215.00. They now have a “buy” rating on the stock.
• 11/1/2024 – Amazon.com had its price target raised by analysts at Truist Financial Co. from $265.00 to $270.00. They now have a “buy” rating on the stock.
• 11/1/2024 – Amazon.com had its price target raised by analysts at Jefferies Financial Group Inc. from $225.00 to $235.00. They now have a “buy” rating on the stock.
• 11/1/2024 – Amazon.com had its price target raised by analysts at Monness Crespi & Hardt from $225.00 to $245.00. They now have a “buy” rating on the stock.
• 11/1/2024 – Amazon.com had its price target raised by analysts at Stifel Nicolaus from $224.00 to $245.00. They now have a “buy” rating on the stock.
• 11/1/2024 – Amazon.com had its price target raised by analysts at The Goldman Sachs Group, Inc. from $230.00 to $240.00. They now have a “buy” rating on the stock.
• 11/1/2024 – Amazon.com had its price target raised by analysts at Bank of America Co. from $210.00 to $230.00. They now have a “buy” rating on the stock.
• 11/1/2024 – Amazon.com had its “buy” rating reaffirmed by analysts at Needham & Company LLC. They now have a $210.00 price target on the stock.
• 11/1/2024 – Amazon.com had its price target raised by analysts at Rosenblatt Securities from $221.00 to $236.00. They now have a “buy” rating on the stock.
• 11/1/2024 – Amazon.com had its price target raised by analysts at TD Cowen from $230.00 to $240.00. They now have a “buy” rating on the stock.
• 10/28/2024 – Amazon.com had its price target raised by analysts at UBS Group AG from $220.00 to $223.00. They now have a “buy” rating on the stock.
• 10/24/2024 – Amazon.com had its “buy” rating reaffirmed by analysts at Needham & Company LLC. They now have a $210.00 price target on the stock.
• 10/16/2024 – Amazon.com had its price target raised by analysts at Loop Capital from $750.00 to $800.00. They now have a “buy” rating on the stock.
• 10/15/2024 – Amazon.com had its “market outperform” rating reaffirmed by analysts at JMP Securities. They now have a $265.00 price target on the stock.
• 10/11/2024 – Amazon.com is now covered by analysts at Scotiabank. They set a “sector outperform” rating and a $245.00 price target on the stock.
• 10/11/2024 – Amazon.com had its “outperform” rating reaffirmed by analysts at Evercore ISI. They now have a $240.00 price target on the stock.
• 10/11/2024 – Amazon.com is now covered by analysts at Pivotal Research. They set a “buy” rating and a $260.00 price target on the stock.
• 10/10/2024 – Amazon.com had its “outperform” rating reaffirmed by analysts at Telsey Advisory Group. They now have a $215.00 price target on the stock.
• 10/10/2024 – Amazon.com had its “buy” rating reaffirmed by analysts at DA Davidson. They now have a $235.00 price target on the stock.
• 10/7/2024 – Amazon.com had its “overweight” rating reaffirmed by analysts at Cantor Fitzgerald. They now have a $230.00 price target on the stock.
• 10/7/2024 – Amazon.com was downgraded by analysts at Wells Fargo & Company from an “overweight” rating to an “equal weight” rating. They now have a $183.00 price target on the stock, down previously from $225.00.
• 10/4/2024 – Amazon.com had its “market outperform” rating reaffirmed by analysts at JMP Securities. They now have a $265.00 price target on the stock.
• 10/3/2024 – Amazon.com had its “overweight” rating reaffirmed by analysts at Morgan Stanley. They now have a $210.00 price target on the stock.
• 9/30/2024 – Amazon.com had its “overweight” rating reaffirmed by analysts at Cantor Fitzgerald. They now have a $230.00 price target on the stock.
• 9/30/2024 – Amazon.com had its price target raised by analysts at Truist Financial Co. from $230.00 to $265.00. They now have a “buy” rating on the stock.
• 9/23/2024 – Amazon.com had its “overweight” rating reaffirmed by analysts at Cantor Fitzgerald. They now have a $230.00 price target on the stock.

Amazon.com Stock Performance

NASDAQ AMZN opened at $204.61 on Wednesday. The firm has a market cap of $2.15 trillion, a price-to-earnings ratio of 43.81, a PEG ratio of 1.36 and a beta of 1.14. The company has a current ratio of 1.09, a quick ratio of 0.87 and a debt-to-equity ratio of 0.21. Amazon.com, Inc. has a 1-year low of $141.50 and a 1-year high of $215.90. The company has a 50 day moving average of $192.19 and a 200-day moving average of $186.06.

Amazon.com (NASDAQ:AMZN) last issued its quarterly earnings data on Thursday, October 31st. The e-commerce giant reported $1.43 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.14 by $0.29. The firm had revenue of $158.88 billion during the quarter, compared to the consensus estimate of $157.28 billion. Amazon.com had a return on equity of 22.41% and a net margin of 8.04%. The business’s revenue for the quarter was up 11.0% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.85 EPS. On average, equities analysts forecast that Amazon.com, Inc. will post 5.27 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, SVP David Zapolsky sold 2,190 shares of the business’s stock in a transaction that occurred on Tuesday, September 24th. The shares were sold at an average price of $195.00, for a total value of $427,050.00. Following the completion of the transaction, the senior vice president now owns 62,420 shares in the company, valued at $12,171,900. The trade was a 3.39 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director Jonathan Rubinstein sold 5,004 shares of the stock in a transaction on Friday, November 1st. The shares were sold at an average price of $199.85, for a total value of $1,000,049.40. Following the completion of the transaction, the director now owns 99,396 shares in the company, valued at $19,864,290.60. The trade was a 4.79 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 6,011,423 shares of company stock worth $1,249,093,896 in the last 90 days. Corporate insiders own 10.80% of the company’s stock.

Institutional Trading of Amazon.com

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Zhang Financial LLC boosted its stake in Amazon.com by 12.9% in the third quarter. Zhang Financial LLC now owns 51,091 shares of the e-commerce giant’s stock valued at $9,520,000 after acquiring an additional 5,828 shares during the last quarter. Northwestern Mutual Wealth Management Co. lifted its stake in shares of Amazon.com by 0.5% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 2,847,177 shares of the e-commerce giant’s stock valued at $550,217,000 after purchasing an additional 14,766 shares during the period. GAMMA Investing LLC boosted its position in shares of Amazon.com by 19.2% in the 3rd quarter. GAMMA Investing LLC now owns 119,205 shares of the e-commerce giant’s stock worth $22,211,000 after purchasing an additional 19,231 shares during the last quarter. Stonekeep Investments LLC acquired a new stake in shares of Amazon.com during the second quarter worth $2,588,000. Finally, Healthcare of Ontario Pension Plan Trust Fund increased its holdings in Amazon.com by 164.1% in the second quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 1,053,958 shares of the e-commerce giant’s stock valued at $203,677,000 after purchasing an additional 654,908 shares during the last quarter. 72.20% of the stock is owned by institutional investors.

Amazon.com, Inc engages in the retail sale of consumer products, advertising, and subscriptions service through online and physical stores in North America and internationally. The company operates through three segments: North America, International, and Amazon Web Services (AWS). It also manufactures and sells electronic devices, including Kindle, Fire tablets, Fire TVs, Echo, Ring, Blink, and eero; and develops and produces media content.