Amazon.com (NASDAQ:AMZN) Stock Moved Up to Strong-Buy by Phillip Securities

Phillip Securities upgraded shares of Amazon.com (NASDAQ:AMZN) from a moderate buy rating to a strong-buy rating in a report issued on Monday morning,Zacks reports.

Several other equities analysts have also recently commented on AMZN. KeyCorp set a $345.00 price target on Amazon.com and gave the company an “overweight” rating in a report on Friday. Wedbush reduced their price objective on Amazon.com from $310.00 to $298.00 and set an “outperform” rating for the company in a research report on Friday. Royal Bank Of Canada reissued an “outperform” rating and set a $330.00 price objective on shares of Amazon.com in a report on Friday. JPMorgan Chase & Co. boosted their price objective on Amazon.com from $330.00 to $365.00 and gave the company an “overweight” rating in a research report on Friday, July 31st. Finally, Barclays restated an “overweight” rating and issued a $365.00 target price (up from $330.00) on shares of Amazon.com in a research note on Friday, July 31st. Two research analysts have rated the stock with a Strong Buy rating, fifty-five have issued a Buy rating and three have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $320.86.

Amazon.com Stock Performance

NASDAQ AMZN opened at $245.63 on Monday. The company has a debt-to-equity ratio of 0.23, a current ratio of 1.03 and a quick ratio of 0.87. The firm has a market capitalization of $2.65 trillion, a price-to-earnings ratio of 19.86, a P/E/G ratio of 1.98 and a beta of 1.45. The company’s fifty day moving average is $254.02 and its two-hundred day moving average is $243.11. Amazon.com has a 52-week low of $196.00 and a 52-week high of $287.20.

Amazon.com (NASDAQ:AMZN) last posted its quarterly earnings data on Thursday, October 29th. The e-commerce giant reported $1.89 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.97 by ($0.08). The company had revenue of $201.94 billion for the quarter, compared to the consensus estimate of $202.22 billion. Amazon.com had a return on equity of 18.00% and a net margin of 17.44%. The business’s revenue for the quarter was up 12.1% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $1.95 EPS. Equities research analysts forecast that Amazon.com will post 8.00 EPS for the current year.

Insider Transactions at Amazon.com

In other Amazon.com news, CFO Brian Olsavsky sold 6,172 shares of the firm’s stock in a transaction dated Friday, August 21st. The shares were sold at an average price of $260.31, for a total transaction of $1,606,633.32. Following the completion of the transaction, the chief financial officer owned 109,207 shares in the company, valued at $28,427,674.17. This trade represents a 5.35% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Andrew Jassy sold 20,000 shares of Amazon.com stock in a transaction that occurred on Friday, August 21st. The shares were sold at an average price of $259.01, for a total value of $5,180,200.00. Following the sale, the chief executive officer directly owned 2,235,766 shares in the company, valued at $579,085,751.66. The trade was a 0.89% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last three months, insiders have sold 70,589 shares of company stock valued at $18,302,125. Corporate insiders own 8.90% of the company’s stock.

Institutional Trading of Amazon.com

Institutional investors have recently bought and sold shares of the stock. State Street Corp grew its holdings in shares of Amazon.com by 5.5% during the second quarter. State Street Corp now owns 411,848,346 shares of the e-commerce giant’s stock worth $95,504,904,000 after buying an additional 21,398,025 shares in the last quarter. Bank of America Corp DE purchased a new position in shares of Amazon.com during the second quarter valued at approximately $22,218,775,000. Bank of New York Mellon Corp purchased a new position in shares of Amazon.com during the second quarter valued at approximately $16,341,405,000. Amundi lifted its stake in shares of Amazon.com by 3.9% during the second quarter. Amundi now owns 63,822,242 shares of the e-commerce giant’s stock valued at $15,211,393,000 after buying an additional 2,421,739 shares during the period. Finally, Legal & General Group Plc acquired a new stake in Amazon.com during the second quarter worth approximately $12,831,376,000. Institutional investors and hedge funds own 72.20% of the company’s stock.

Key Amazon.com News

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

• Positive Sentiment: Analyst upgrade supports the rebound: Phillip Securities upgraded Amazon to Buy from Accumulate and raised its price target to $330, citing strong cloud demand and Amazon’s positioning in artificial intelligence. Stock Market Today, Nov. 2: Amazon Rallies on Phillip Securities Buy Upgrade and $330 Target
• Positive Sentiment: AWS remains the main growth catalyst: Third-quarter AWS revenue rose 39%, marking the sixth consecutive quarter of accelerating growth, while Amazon’s 13.9% operating margin reached a company record. Management believes AWS could ultimately become a $1 trillion business, with AI adding another source of demand beyond traditional cloud services. Amazon Thinks AWS Could Become a $1 Trillion Business. Here’s Why.
• Positive Sentiment: Additional growth opportunities are improving sentiment: Management forecasts at least 40% growth in its most lucrative segment during 2027 and 2028. Amazon is also expanding AI infrastructure, benefiting from demand tied to Anthropic and new security products developed with CrowdStrike on AWS.
• Neutral Sentiment: Retail is viewed as undervalued: CEO Andy Jassy says investors may be overlooking the profitability and operating leverage emerging in Amazon’s retail business. New offerings, including a $25 Thanksgiving meal with same-day delivery, could support customer engagement, although the immediate financial impact is likely modest. Amazon CEO Andy Jassy Says Investors Are ‘Sleeping a Bit’ on Retail
• Negative Sentiment: AI investment is pressuring cash flow: Amazon reportedly arranged up to $80 billion in secured supplier financing after quarterly free cash flow fell to a $34.8 billion outflow. Broader reports estimate roughly $220 billion of AI spending this year, raising concerns about leverage, debt costs and whether AWS profits will keep pace with capital expenditures.
• Negative Sentiment: Execution and regulatory risks remain: Amazon missed quarterly EPS and revenue estimates, while residents in Sunbury, Ohio, considered restrictions that could block a planned $2 billion data center. Analysts also warn that third-party AI shopping agents could weaken Amazon’s control over product discovery and advertising.

About Amazon.com

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.