Amazon.com (NASDAQ:AMZN) had its price objective increased by equities research analysts at Citigroup from $265.00 to $285.00 in a research note issued on Wednesday, MarketBeat Ratings reports. The brokerage currently has a “buy” rating on the e-commerce giant’s stock. Citigroup’s target price would suggest a potential upside of 37.34% from the stock’s previous close.
A number of other brokerages have also commented on AMZN. Needham & Company LLC reiterated a “buy” rating and issued a $265.00 price objective on shares of Amazon.com in a research report on Tuesday, March 17th. Benchmark restated a “buy” rating on shares of Amazon.com in a research report on Thursday, January 29th. Evercore reduced their target price on shares of Amazon.com from $335.00 to $285.00 and set an “outperform” rating on the stock in a research note on Friday, February 27th. BMO Capital Markets reiterated an “outperform” rating and set a $310.00 price target (up from $304.00) on shares of Amazon.com in a research report on Tuesday, February 3rd. Finally, Wedbush dropped their price target on shares of Amazon.com from $340.00 to $300.00 and set an “outperform” rating for the company in a research note on Friday, February 6th. One research analyst has rated the stock with a Strong Buy rating, fifty-three have assigned a Buy rating and four have given a Hold rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $286.66.
Check Out Our Latest Stock Report on AMZN
Amazon.com Stock Down 2.0%
Amazon.com (NASDAQ:AMZN – Get Free Report) last released its earnings results on Thursday, February 5th. The e-commerce giant reported $1.95 EPS for the quarter, missing the consensus estimate of $1.97 by ($0.02). The firm had revenue of $213.39 billion during the quarter, compared to analyst estimates of $211.02 billion. Amazon.com had a net margin of 10.83% and a return on equity of 21.87%. The firm’s quarterly revenue was up 13.6% on a year-over-year basis. During the same period last year, the business posted $1.86 earnings per share. On average, analysts anticipate that Amazon.com will post 6.31 EPS for the current year.
Insiders Place Their Bets
In related news, CEO Andrew R. Jassy sold 19,872 shares of Amazon.com stock in a transaction that occurred on Monday, February 23rd. The shares were sold at an average price of $205.18, for a total transaction of $4,077,336.96. Following the transaction, the chief executive officer owned 2,238,118 shares of the company’s stock, valued at $459,217,051.24. This trade represents a 0.88% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Matthew S. Garman sold 17,751 shares of the business’s stock in a transaction that occurred on Monday, February 23rd. The shares were sold at an average price of $205.22, for a total transaction of $3,642,860.22. Following the transaction, the chief executive officer owned 9,405 shares of the company’s stock, valued at approximately $1,930,094.10. This represents a 65.37% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold a total of 71,686 shares of company stock worth $14,688,739 over the last ninety days. Company insiders own 9.70% of the company’s stock.
Institutional Trading of Amazon.com
Large investors have recently made changes to their positions in the company. Norges Bank bought a new position in shares of Amazon.com during the 4th quarter valued at about $32,868,735,000. Auto Owners Insurance Co increased its stake in Amazon.com by 27,376.7% during the 4th quarter. Auto Owners Insurance Co now owns 98,448,885 shares of the e-commerce giant’s stock worth $2,272,397,000 after purchasing an additional 98,090,585 shares in the last quarter. J. Stern & Co. LLP raised its holdings in Amazon.com by 20,598.0% during the 4th quarter. J. Stern & Co. LLP now owns 87,982,814 shares of the e-commerce giant’s stock worth $20,308,193,000 after buying an additional 87,557,736 shares during the period. Nuveen LLC bought a new position in Amazon.com in the first quarter valued at approximately $11,674,091,000. Finally, Cardano Risk Management B.V. lifted its stake in Amazon.com by 879.4% in the fourth quarter. Cardano Risk Management B.V. now owns 27,862,400 shares of the e-commerce giant’s stock valued at $6,431,199,000 after buying an additional 25,017,588 shares in the last quarter. Institutional investors own 72.20% of the company’s stock.
Key Headlines Impacting Amazon.com
Here are the key news stories impacting Amazon.com this week:
- Positive Sentiment: AWS / AI momentum and analyst upgrades — Citi, JPMorgan and other firms raised price targets and reiterated buy/overweight calls citing strong demand for AWS AI infrastructure, which supports a higher long‑term earnings trajectory for Amazon. As Demand for AWS’ AI Surges, Citi and JPMorgan Raise Amazon Price Targets
- Positive Sentiment: Acquisition of Fauna Robotics — Amazon bought Fauna to accelerate a consumer/humanoid-robotics push, extending its automation moat (potential long-term revenue streams and cost savings across logistics and new consumer products). Amazon just bought a startup making kid-size humanoid robots
- Positive Sentiment: Logistics automation & last‑mile robotics — coverage highlights Amazon’s continued investment in robotics and pilots to solve post-van delivery bottlenecks, which can lower unit delivery costs over time. Amazon Eyes Delivery Robots as MIT Tackles Warehouse Bottlenecks
- Neutral Sentiment: Operational/customer initiatives — Amazon expanded its FedEx returns network and is testing Prime Shipping pilots and Prime Day timing changes; these can boost convenience and near‑term sales but also raise short-term costs. Amazon Teams With FedEx to Expand Free Returns Program
- Negative Sentiment: Regulatory/antitrust risk — a new Antitrust Accountability and Transparency bill would make consent-judgment processes more transparent and could complicate merger/settlement outcomes for large platforms like Amazon. New Bill: Senator Amy Klobuchar introduces S. 4107
- Negative Sentiment: Insider selling and profit‑taking — recent disclosures show sizeable insider sales and large institutional rebalancings; combined with analyst target dispersion, that can pressure the stock near-term. Amazon Stock Opinions on Prime Shipping Pilot Program (includes insider data)
- Negative Sentiment: AWS resiliency questions & small estimate cuts — reports of AWS disruptions in riskier regions and a minor FY2027 estimate trim from Erste add execution and near-term margin uncertainty. Amazon Balances Home Robotics Ambition With AWS Conflict Zone Risks
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.
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