Weekly Analysts’ Ratings Changes for Amazon.com (AMZN)

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

• 9/12/2024 – Amazon.com had its “buy” rating reaffirmed by analysts at Needham & Company LLC. They now have a $210.00 price target on the stock.
• 9/5/2024 – Amazon.com is now covered by analysts at Cantor Fitzgerald. They set an “overweight” rating and a $230.00 price target on the stock.
• 9/4/2024 – Amazon.com was upgraded by analysts at Cantor Fitzgerald to a “strong-buy” rating. They now have a $230.00 price target on the stock.
• 9/3/2024 – Amazon.com had its price target raised by analysts at JMP Securities from $245.00 to $265.00. They now have a “market outperform” rating on the stock.
• 8/26/2024 – Amazon.com had its price target lowered by analysts at Wells Fargo & Company from $232.00 to $225.00. They now have an “overweight” rating on the stock.
• 8/6/2024 – Amazon.com had its price target lowered by analysts at Morgan Stanley from $240.00 to $210.00. They now have an “overweight” rating on the stock.
• 8/2/2024 – Amazon.com had its price target raised by analysts at Barclays PLC from $220.00 to $235.00. They now have an “overweight” rating on the stock.
• 8/2/2024 – Amazon.com had its price target lowered by analysts at JPMorgan Chase & Co. from $240.00 to $230.00. They now have an “overweight” rating on the stock.
• 8/2/2024 – Amazon.com had its price target lowered by analysts at Piper Sandler from $220.00 to $215.00. They now have an “overweight” rating on the stock.
• 8/2/2024 – Amazon.com had its “outperform” rating reaffirmed by analysts at Royal Bank of Canada. They now have a $215.00 price target on the stock.
• 8/2/2024 – Amazon.com had its “outperform” rating reaffirmed by analysts at Wedbush. They now have a $225.00 price target on the stock.
• 8/2/2024 – Amazon.com was downgraded by analysts at Itau BBA Securities from an “outperform” rating to a “market perform” rating. They now have a $186.00 price target on the stock.
• 8/2/2024 – Amazon.com had its price target raised by analysts at Rosenblatt Securities from $220.00 to $221.00. They now have a “buy” rating on the stock.
• 8/2/2024 – Amazon.com had its price target raised by analysts at Roth Mkm from $210.00 to $215.00. They now have a “buy” rating on the stock.
• 8/2/2024 – Amazon.com had its price target lowered by analysts at Bank of America Co. from $220.00 to $210.00. They now have a “buy” rating on the stock.
• 8/2/2024 – Amazon.com had its “buy” rating reaffirmed by analysts at Benchmark Co.. They now have a $200.00 price target on the stock.
• 8/2/2024 – Amazon.com had its price target lowered by analysts at The Goldman Sachs Group, Inc. from $250.00 to $230.00. They now have a “buy” rating on the stock.
• 8/2/2024 – Amazon.com had its price target lowered by analysts at Stifel Nicolaus from $228.00 to $224.00. They now have a “buy” rating on the stock.
• 8/2/2024 – Amazon.com had its price target lowered by analysts at Jefferies Financial Group Inc. from $235.00 to $225.00. They now have a “buy” rating on the stock.
• 8/2/2024 – Amazon.com had its price target raised by analysts at Maxim Group from $238.00 to $251.00. They now have a “buy” rating on the stock.
• 7/31/2024 – Amazon.com had its “market outperform” rating reaffirmed by analysts at JMP Securities. They now have a $225.00 price target on the stock.
• 7/30/2024 – Amazon.com had its price target raised by analysts at UBS Group AG from $217.00 to $224.00. They now have a “buy” rating on the stock.
• 7/26/2024 – Amazon.com had its “outperform” rating reaffirmed by analysts at Wedbush. They now have a $225.00 price target on the stock.
• 7/25/2024 – Amazon.com had its price target raised by analysts at BMO Capital Markets from $220.00 to $230.00. They now have an “outperform” rating on the stock.
• 7/23/2024 – Amazon.com had its price target raised by analysts at Morgan Stanley from $220.00 to $240.00. They now have an “overweight” rating on the stock.
• 7/23/2024 – Amazon.com had its “market outperform” rating reaffirmed by analysts at JMP Securities. They now have a $225.00 price target on the stock.
• 7/22/2024 – Amazon.com had its price target raised by analysts at Sanford C. Bernstein from $210.00 to $215.00. They now have an “outperform” rating on the stock.
• 7/22/2024 – Amazon.com had its price target raised by analysts at Truist Financial Co. from $220.00 to $230.00. They now have a “buy” rating on the stock.

Amazon.com Price Performance

Shares of NASDAQ:AMZN opened at $186.43 on Thursday. The firm’s 50 day moving average is $178.71 and its two-hundred day moving average is $181.83. The firm has a market capitalization of $1.94 trillion, a P/E ratio of 52.22, a PEG ratio of 1.39 and a beta of 1.14. The company has a current ratio of 1.10, a quick ratio of 0.88 and a debt-to-equity ratio of 0.23. Amazon.com, Inc. has a 52 week low of $118.35 and a 52 week high of $201.20.

Amazon.com (NASDAQ:AMZN) last posted its earnings results on Thursday, August 1st. The e-commerce giant reported $1.23 EPS for the quarter, beating the consensus estimate of $1.05 by $0.18. The firm had revenue of $147.98 billion for the quarter, compared to analysts’ expectations of $148.63 billion. Amazon.com had a return on equity of 21.39% and a net margin of 7.35%. Analysts anticipate that Amazon.com, Inc. will post 4.86 earnings per share for the current year.

Insider Activity

In related news, SVP David Zapolsky sold 4,710 shares of the company’s stock in a transaction dated Thursday, June 27th. The shares were sold at an average price of $195.00, for a total value of $918,450.00. Following the completion of the sale, the senior vice president now owns 59,500 shares of the company’s stock, valued at $11,602,500. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other news, VP Shelley Reynolds sold 3,791 shares of Amazon.com stock in a transaction on Wednesday, August 21st. The stock was sold at an average price of $181.04, for a total transaction of $686,322.64. Following the transaction, the vice president now directly owns 121,461 shares in the company, valued at approximately $21,989,299.44. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, SVP David Zapolsky sold 4,710 shares of the company’s stock in a transaction on Thursday, June 27th. The shares were sold at an average price of $195.00, for a total value of $918,450.00. Following the completion of the sale, the senior vice president now owns 59,500 shares of the company’s stock, valued at approximately $11,602,500. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 6,104,317 shares of company stock valued at $1,220,621,322. Company insiders own 10.80% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of AMZN. Cooksen Wealth LLC bought a new stake in shares of Amazon.com in the 4th quarter worth approximately $30,000. PayPay Securities Corp increased its holdings in shares of Amazon.com by 64.6% in the second quarter. PayPay Securities Corp now owns 163 shares of the e-commerce giant’s stock valued at $32,000 after buying an additional 64 shares in the last quarter. Clarity Asset Management Inc. bought a new position in shares of Amazon.com in the fourth quarter valued at $46,000. Christopher J. Hasenberg Inc lifted its position in shares of Amazon.com by 650.0% during the 2nd quarter. Christopher J. Hasenberg Inc now owns 300 shares of the e-commerce giant’s stock valued at $58,000 after acquiring an additional 260 shares during the last quarter. Finally, Steph & Co. bought a new stake in shares of Amazon.com during the 1st quarter worth $65,000. 72.20% of the stock is owned by institutional investors and hedge funds.

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.