Recent Analysts’ Ratings Updates for Amazon.com (AMZN)

A number of firms have modified their ratings and price targets on shares of Amazon.com (NASDAQ: AMZN) recently:

• 12/10/2024 – Amazon.com had its price target raised by analysts at Mizuho from $240.00 to $260.00. They now have an “outperform” rating on the stock.
• 12/10/2024 – Amazon.com had its “buy” rating reaffirmed by analysts at Needham & Company LLC. They now have a $250.00 price target on the stock.
• 12/9/2024 – Amazon.com had its price target raised by analysts at Roth Mkm from $220.00 to $250.00. They now have a “buy” rating on the stock.
• 12/4/2024 – Amazon.com had its “buy” rating reaffirmed by analysts at Needham & Company LLC. They now have a $250.00 price target on the stock.
• 12/3/2024 – Amazon.com had its “outperform” rating reaffirmed by analysts at BMO Capital Markets. They now have a $236.00 price target on the stock.
• 11/26/2024 – Amazon.com had its price target raised by analysts at Moffett Nathanson from $235.00 to $248.00. They now have a “buy” rating on the stock.
• 11/26/2024 – Amazon.com had its price target raised by analysts at Redburn Atlantic from $225.00 to $235.00. They now have a “buy” rating on the stock.
• 11/20/2024 – Amazon.com had its “equal weight” rating reaffirmed by analysts at Wells Fargo & Company. They now have a $197.00 price target on the stock.
• 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.

Amazon.com Price Performance

Shares of AMZN stock traded up $1.91 during midday trading on Tuesday, reaching $228.00. 8,267,160 shares of the company were exchanged, compared to its average volume of 41,296,164. The company’s 50 day moving average price is $198.19 and its two-hundred day moving average price is $188.47. The company has a market cap of $2.40 trillion, a P/E ratio of 48.82, a PEG ratio of 1.52 and a beta of 1.16. Amazon.com, Inc. has a 12 month low of $143.64 and a 12 month high of $230.08. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.87 and a current ratio of 1.09.

Amazon.com (NASDAQ:AMZN) last announced its earnings results on Thursday, October 31st. The e-commerce giant reported $1.43 earnings per share for the quarter, beating the consensus estimate of $1.14 by $0.29. Amazon.com had a return on equity of 22.41% and a net margin of 8.04%. The business had revenue of $158.88 billion during the quarter, compared to analysts’ expectations of $157.28 billion. During the same quarter last year, the business posted $0.85 earnings per share. The company’s quarterly revenue was up 11.0% on a year-over-year basis. On average, sell-side analysts expect that Amazon.com, Inc. will post 5.29 earnings per share for the current year.

Insider Buying and Selling

In other Amazon.com news, SVP David Zapolsky sold 2,190 shares of the company’s stock in a transaction dated Tuesday, September 24th. The shares were sold at an average price of $195.00, for a total transaction of $427,050.00. Following the completion of the sale, the senior vice president now directly owns 62,420 shares of the company’s stock, valued at approximately $12,171,900. This represents a 3.39 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Jeffrey P. Bezos sold 2,996,362 shares of the firm’s stock in a transaction dated Friday, November 8th. The stock was sold at an average price of $208.85, for a total transaction of $625,790,203.70. Following the completion of the transaction, the insider now owns 917,416,976 shares of the company’s stock, valued at approximately $191,602,535,437.60. The trade was a 0.33 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 6,030,183 shares of company stock worth $1,252,883,795. Corporate insiders own 10.80% of the company’s stock.

Institutional Trading of Amazon.com

Hedge funds have recently modified their holdings of the business. Foundations Investment Advisors LLC grew its stake in Amazon.com by 9.7% during the 3rd quarter. Foundations Investment Advisors LLC now owns 184,594 shares of the e-commerce giant’s stock valued at $34,395,000 after acquiring an additional 16,392 shares in the last quarter. Zhang Financial LLC grew its position in Amazon.com by 12.9% during the third quarter. Zhang Financial LLC now owns 51,091 shares of the e-commerce giant’s stock valued at $9,520,000 after purchasing an additional 5,828 shares in the last quarter. BayBridge Capital Group LLC increased its stake in Amazon.com by 51.8% in the 3rd quarter. BayBridge Capital Group LLC now owns 14,368 shares of the e-commerce giant’s stock valued at $2,677,000 after buying an additional 4,905 shares during the period. Northwestern Mutual Wealth Management Co. lifted its position in 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 worth $550,217,000 after buying an additional 14,766 shares in the last quarter. Finally, GAMMA Investing LLC grew its holdings in shares of Amazon.com by 19.2% during the 3rd quarter. GAMMA Investing LLC now owns 119,205 shares of the e-commerce giant’s stock valued at $22,211,000 after acquiring an additional 19,231 shares in the last quarter. Hedge funds and other institutional investors own 72.20% of the company’s stock.

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.