Amazon.com (NASDAQ:AMZN) Coverage Initiated by Analysts at Yorkville Ives

Equities research analysts at Yorkville Ives began coverage on shares of Amazon.com (NASDAQ:AMZN) in a research report issued on Monday. The firm set an “outperform” rating and a $300.00 price target on the e-commerce giant’s stock. Yorkville Ives’ target price points to a potential upside of 14.09% from the company’s previous close.

A number of other brokerages also recently issued reports on AMZN. Telsey Advisory Group set a $335.00 price objective on Amazon.com and gave the company an “outperform” rating in a research report on Friday, July 31st. Oppenheimer reissued an “outperform” rating on shares of Amazon.com in a research report on Friday, July 31st. Needham & Company LLC restated a “buy” rating and set a $300.00 price target on shares of Amazon.com in a research note on Friday, July 31st. BMO Capital Markets reiterated an “outperform” rating and set a $360.00 target price (up from $355.00) on shares of Amazon.com in a report on Tuesday, July 28th. Finally, DA Davidson reissued a “neutral” rating and set a $250.00 price objective on shares of Amazon.com in a report on Friday, July 31st. Fifty-seven analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $322.40.

Amazon.com Stock Performance

Shares of NASDAQ AMZN traded up $12.95 during trading on Monday, hitting $262.95. The company had a trading volume of 27,972,827 shares, compared to its average volume of 46,143,500. The stock has a 50 day simple moving average of $256.75 and a 200 day simple moving average of $251.92. The firm has a market capitalization of $2.84 trillion, a P/E ratio of 21.14, a price-to-earnings-growth ratio of 1.93 and a beta of 1.45. The company has a debt-to-equity ratio of 0.23, a quick ratio of 0.87 and a current ratio of 1.03. Amazon.com has a 12 month low of $196.00 and a 12 month high of $287.20.

Amazon.com (NASDAQ:AMZN) last announced its quarterly earnings data on Thursday, July 30th. The e-commerce giant reported $5.75 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.82 by $3.93. The firm had revenue of $200.61 billion during the quarter, compared to analysts’ expectations of $197.03 billion. Amazon.com had a net margin of 17.44% and a return on equity of 18.00%. The company’s revenue for the quarter was up 19.6% compared to the same quarter last year. During the same period in the prior year, the company posted $1.68 earnings per share. As a group, analysts anticipate that Amazon.com will post 8.02 earnings per share for the current year.

Insider Buying and Selling at Amazon.com

In related news, CEO Andrew R. Jassy sold 20,000 shares of the stock in a transaction on Friday, August 21st. The shares were sold at an average price of $259.01, for a total transaction of $5,180,200.00. Following the sale, the chief executive officer directly owned 2,235,766 shares of the company’s stock, valued at approximately $579,085,751.66. This represents a 0.89% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, SVP David Zapolsky sold 9,258 shares of Amazon.com stock in a transaction dated Monday, August 24th. The shares were sold at an average price of $259.77, for a total value of $2,404,950.66. Following the completion of the transaction, the senior vice president owned 41,190 shares of the company’s stock, valued at approximately $10,699,926.30. This represents a 18.35% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last three months, insiders have sold 71,589 shares of company stock worth $18,580,515. Insiders own 8.90% of the company’s stock.

Institutional Investors Weigh In On Amazon.com

Several institutional investors and hedge funds have recently added to or reduced their stakes in the business. Silvant Capital Management LLC purchased a new stake in shares of Amazon.com in the 2nd quarter valued at $60,065,000. Public Employees Retirement System of Ohio purchased a new stake in Amazon.com during the 2nd quarter worth approximately $909,868,000. Northstar Financial Companies Inc. purchased a new position in Amazon.com in the 2nd quarter valued at approximately $3,376,000. Gryphon Financial Partners LLC raised its stake in shares of Amazon.com by 7.5% in the first quarter. Gryphon Financial Partners LLC now owns 73,085 shares of the e-commerce giant’s stock valued at $15,221,000 after acquiring an additional 5,125 shares in the last quarter. Finally, First Citizens Bank & Trust Co. grew its holdings in Amazon.com by 1.7% during the 1st quarter. First Citizens Bank & Trust Co. now owns 303,862 shares of the e-commerce giant’s stock worth $63,285,000 after acquiring an additional 5,104 shares in the last quarter. Institutional investors and hedge funds own 72.20% of the company’s stock.

Trending Headlines about Amazon.com

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

• Positive Sentiment: Morgan Stanley named Amazon a top pick and raised its price target to $350 from $335, citing stronger expected AWS growth, improving margins, Bedrock, agentic shopping and warehouse robotics. The new target implies substantial upside from recent trading levels. Amazon stock rises as this analyst sees 40% upside
• Positive Sentiment: Amazon said its custom AI chips will support a popular coding language, a move that could make its chip offerings more attractive and strengthen competition with Nvidia in AI infrastructure. Amazon says its AI chips will work with popular coding language
• Positive Sentiment: Amazon is providing development funding for a proposed 960-megawatt Indiana nuclear project and intends to purchase its electricity. The initiative could support reliable power for data centers and reinforce Amazon’s long-term AI capacity strategy, although it remains in the feasibility stage. X-energy, Amazon, American Electric Power Partner to Bring SMR Project to Indiana

Amazon.com Company Profile

Amazon.com, Inc is a global technology and e-commerce company founded by Jeff Bezos in 1994. Originally launched as an online bookstore, the company has expanded into a broad digital marketplace offering consumer products across numerous categories, including electronics, household goods, apparel, groceries and other merchandise. Amazon also sells products under its own brands and provides logistics, fulfillment and delivery services that support its retail operations and third-party sellers.

The company’s principal businesses include online and physical retail, Amazon Web Services (AWS), digital advertising, subscription services and consumer technology.