Amazon.com (NASDAQ:AMZN) Price Target Raised to $310.00

Amazon.com (NASDAQ:AMZN) had its price objective boosted by equities researchers at Arete Research from $301.00 to $310.00 in a report released on Monday,MarketScreener reports. The firm presently has a “buy” rating on the e-commerce giant’s stock. Arete Research’s price objective points to a potential upside of 15.75% from the company’s previous close.

AMZN has been the topic of a number of other reports. Piper Sandler reaffirmed an “overweight” rating and set a $315.00 price target (up from $260.00) on shares of Amazon.com in a research note on Thursday, April 30th. Benchmark boosted their price objective on shares of Amazon.com from $275.00 to $370.00 and gave the stock a “buy” rating in a report on Thursday, April 30th. Moffett Nathanson upped their target price on shares of Amazon.com from $283.00 to $288.00 and gave the stock a “buy” rating in a research report on Tuesday, April 7th. President Capital dropped their target price on shares of Amazon.com from $320.00 to $296.00 and set a “buy” rating for the company in a report on Tuesday, February 10th. Finally, Wedbush reduced 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 report on Friday, February 6th. Fifty-seven research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $312.67.

Amazon.com Price Performance

Shares of AMZN traded up $3.68 during mid-day trading on Monday, hitting $267.82. The company’s stock had a trading volume of 7,774,542 shares, compared to its average volume of 48,849,750. The company has a current ratio of 1.18, a quick ratio of 1.01 and a debt-to-equity ratio of 0.27. Amazon.com has a 1-year low of $196.00 and a 1-year high of $278.56. The firm has a market capitalization of $2.88 trillion, a P/E ratio of 32.03, a P/E/G ratio of 1.98 and a beta of 1.46. The firm has a 50-day simple moving average of $234.47 and a 200 day simple moving average of $230.69.

Amazon.com (NASDAQ:AMZN) last announced its quarterly earnings data on Wednesday, April 29th. The e-commerce giant reported $2.78 earnings per share for the quarter, topping analysts’ consensus estimates of $1.63 by $1.15. Amazon.com had a return on equity of 19.92% and a net margin of 12.22%.The firm had revenue of $181.52 billion for the quarter, compared to analyst estimates of $177.28 billion. During the same quarter in the prior year, the company posted $1.59 earnings per share. Amazon.com’s quarterly revenue was up 16.6% on a year-over-year basis. Analysts predict that Amazon.com will post 7.71 EPS for the current fiscal year.

Insider Buying and Selling

In related news, Director Jonathan Rubinstein sold 3,706 shares of the business’s stock in a transaction dated Thursday, April 30th. The shares were sold at an average price of $273.02, for a total value of $1,011,812.12. Following the completion of the transaction, the director owned 74,948 shares of the company’s stock, valued at approximately $20,462,302.96. The trade was a 4.71% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Douglas J. Herrington sold 27,500 shares of the company’s stock in a transaction dated Monday, May 4th. The shares were sold at an average price of $275.00, for a total transaction of $7,562,500.00. Following the completion of the transaction, the chief executive officer owned 471,361 shares in the company, valued at approximately $129,624,275. This trade represents a 5.51% decrease in their ownership of the stock. 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 90 days, insiders have sold 190,593 shares of company stock worth $46,081,241. 8.90% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the stock. Red Crane Wealth Management LLC boosted its holdings in Amazon.com by 2.3% in the 1st quarter. Red Crane Wealth Management LLC now owns 1,663 shares of the e-commerce giant’s stock worth $346,000 after acquiring an additional 38 shares during the period. Robinson Smith Wealth Advisors LLC lifted its position in shares of Amazon.com by 0.7% during the first quarter. Robinson Smith Wealth Advisors LLC now owns 5,509 shares of the e-commerce giant’s stock worth $1,147,000 after purchasing an additional 40 shares in the last quarter. Sfam LLC lifted its position in shares of Amazon.com by 3.4% during the first quarter. Sfam LLC now owns 1,224 shares of the e-commerce giant’s stock worth $255,000 after purchasing an additional 40 shares in the last quarter. Measured Risk Portfolios Inc. boosted its stake in shares of Amazon.com by 3.4% in the first quarter. Measured Risk Portfolios Inc. now owns 1,206 shares of the e-commerce giant’s stock valued at $251,000 after purchasing an additional 40 shares during the period. Finally, Lifelong Wealth Advisors Inc. grew its holdings in Amazon.com by 2.4% during the 4th quarter. Lifelong Wealth Advisors Inc. now owns 1,740 shares of the e-commerce giant’s stock valued at $402,000 after purchasing an additional 41 shares in the last quarter. 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: New AWS integrations from Denodo highlight Amazon Web Services’ growing role in enterprise agentic AI, reinforcing the bull case that AWS can capture more AI-related spending. Denodo Advances Trusted Data Foundations for Agentic AI with New Amazon Web Services (AWS) Integrations
• Positive Sentiment: Several articles pointed to Amazon’s accelerating AI strategy and custom chip demand, suggesting AWS is becoming a more credible AI contender and could support longer-term revenue growth. 3 Reasons Why Amazon Is a Top AI Investment
• Positive Sentiment: Market chatter around Amazon nearing the $3 trillion valuation mark reflects strong recent momentum and investor enthusiasm for the stock’s AI-driven rerating. Amazon’s Big Rally Takes A Breather Just Short Of $3 Trillion Club. What To Watch Next.
• Neutral Sentiment: Amazon’s stock is no longer viewed as “cheap,” and some analysts argue the easy upside may be behind it, which could cap further near-term gains. Amazon (AMZN) Is No Longer Cheap. AWS Makes It Hard to Walk Away
• Neutral Sentiment: Commentary suggesting “the easy money is over” implies upside may now depend more on execution than multiple expansion. Amazon: Better Revenue Visibility, But The Easy Money Is Over
• Negative Sentiment: Amazon is facing a proposed class-action lawsuit over alleged tariff-related refund practices, adding a legal and reputational risk that could weigh on sentiment. Amazon Lawsuit On Tariff Refunds And What It May Mean For Valuation
• Negative Sentiment: Berkshire Hathaway’s reported Amazon stake reduction, along with other hedge-fund trimming headlines, may be pressuring sentiment even as other managers added shares. Berkshire Sold Amazon, Bought These Stocks After Warren Buffett’s Exit

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.