Amazon.com (NASDAQ:AMZN) Stock Price Target Cut by Wells Fargo & Company

Amazon.com (NASDAQ:AMZN) had its target price cut by equities researchers at Wells Fargo & Company from $329.00 to $326.00 in a research report issued on Friday, Benzinga reports. The brokerage currently has an “overweight” rating on the e-commerce giant’s stock. Wells Fargo & Company‘s price objective indicates a potential upside of 37.16% from the stock’s previous close.

Other equities research analysts have also recently issued reports about the company. Guggenheim restated a “buy” rating and set a $320.00 target price on shares of Amazon.com in a research report on Friday. Phillip Securities cut Amazon.com from a “strong-buy” rating to a “moderate buy” rating in a research report on Monday, August 3rd. JPMorgan Chase & Co. raised their price objective on Amazon.com from $330.00 to $365.00 and gave the company an “overweight” rating in a report on Friday, July 31st. Needham & Company LLC reaffirmed a “buy” rating and set a $300.00 target price on shares of Amazon.com in a research note on Friday, July 31st. Finally, Mizuho upped their target price on shares of Amazon.com from $330.00 to $335.00 and gave the stock an “outperform” rating in a report on Friday. One investment analyst has rated the stock with a Strong Buy rating, fifty-six have issued a Buy rating and three have given a Hold rating to the company. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $321.30.

Amazon.com Stock Performance

Shares of NASDAQ AMZN traded down $6.11 during midday trading on Friday, reaching $237.69. 74,243,687 shares of the stock were exchanged, compared to its average volume of 46,209,895. The company has a quick ratio of 0.87, a current ratio of 1.03 and a debt-to-equity ratio of 0.23. The firm has a market cap of $2.56 trillion, a price-to-earnings ratio of 19.13, a PEG ratio of 1.98 and a beta of 1.45. The firm has a 50-day simple moving average of $254.67 and a two-hundred day simple moving average of $243.12. Amazon.com has a twelve month low of $196.00 and a twelve month high of $287.20.

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

Insider Activity

In other news, VP Shelley Reynolds sold 2,343 shares of the firm’s stock in a transaction on Friday, August 21st. The stock was sold at an average price of $259.01, for a total transaction of $606,860.43. Following the completion of the transaction, the vice president directly owned 119,780 shares in the company, valued at $31,024,217.80. This trade represents a 1.92% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Matthew Garman sold 14,541 shares of Amazon.com stock in a transaction dated Friday, August 21st. The shares were sold at an average price of $259.06, for a total value of $3,766,991.46. Following the completion of the transaction, the chief executive officer directly owned 17,794 shares of the company’s stock, valued at approximately $4,609,713.64. This represents a 44.97% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last ninety days, insiders sold 71,589 shares of company stock worth $18,580,515. 8.90% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Amazon.com

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

Key Stories Impacting Amazon.com

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

• Positive Sentiment: AWS growth accelerated sharply. Amazon Web Services revenue increased 39% to approximately $46 billion, its fastest growth in nearly five years. Management expects AWS growth to exceed 40% in 2027 and 2028, supported by rising AI demand and improving cloud economics. Amazon Q3 Revenues Miss Estimates, AWS Growth Hits Near 5-Year High
• Positive Sentiment: Analysts remain broadly bullish. Canaccord Genuity, RBC, JPMorgan, Guggenheim and other firms maintained positive ratings, with price targets generally ranging from $275 to $335. Analysts point to AWS, AI services, Prime Video profitability and Amazon’s long-term infrastructure position as potential sources of upside. Analyst Reaffirms Buy on Amazon
• Positive Sentiment: New growth opportunities could expand Amazon’s AI ecosystem. Amazon plans to sell its Trainium AI chips to outside customers by late 2027, while its Leo satellite-internet service is expected to begin an initial rollout this year. Amazon Has Bigger Plans for AI Chips
• Neutral Sentiment: Generative AI is sending more shoppers to competing search and shopping tools, but research indicates Amazon still captures a majority of AI-assisted purchases, suggesting potential disruption to customer discovery without an immediate loss of transactions. Amazon Wins 59% of AI-Assisted Purchases
• Negative Sentiment: Amazon missed quarterly expectations. Earnings per share came in at $1.89 versus roughly $1.97–$2.01 expected, while revenue of $201.94 billion was slightly below consensus. Fourth-quarter sales guidance was also viewed as light, raising concerns about holiday demand and softer retail growth. Amazon Projects Fourth-Quarter Sales Below Estimates
• Negative Sentiment: The main investor concern is the scale and timing of AI spending. Amazon spent approximately $77.3 billion on property and equipment in the quarter, is maintaining a roughly $220 billion 2026 capital-expenditure plan, and reported a $42.4 billion trailing-12-month free-cash-flow loss. Rising debt and expectations for even higher 2027 spending have intensified worries that AI returns may take years to materialize. Amazon’s Record Margins Couldn’t Stop the Sell-Off

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.