Amazon.com (NASDAQ:AMZN) Raised to Overweight at Wells Fargo & Company

Wells Fargo & Company upgraded shares of Amazon.com (NASDAQ:AMZN) from an equal weight rating to an overweight rating in a research report report published on Wednesday, MarketBeat.com reports. Wells Fargo & Company currently has $280.00 target price on the e-commerce giant’s stock, up from their previous target price of $245.00.

AMZN has been the subject of several other research reports. Robert W. Baird upped their price target on shares of Amazon.com from $220.00 to $244.00 and gave the stock an “outperform” rating in a research report on Monday, July 21st. The Goldman Sachs Group reissued a “buy” rating on shares of Amazon.com in a research note on Friday, August 1st. Cantor Fitzgerald raised their price target on shares of Amazon.com from $260.00 to $280.00 and gave the company an “overweight” rating in a research note on Friday, August 1st. BNP Paribas raised Amazon.com from a “hold” rating to a “strong-buy” rating in a report on Friday, June 27th. Finally, BMO Capital Markets boosted their price target on Amazon.com from $270.00 to $280.00 and gave the stock an “outperform” rating in a research report on Friday, August 1st. Two equities research analysts have rated the stock with a Strong Buy rating, forty-seven have given a Buy rating and one has given a Hold rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Buy” and a consensus target price of $264.04.

Amazon.com Stock Up 0.7%

NASDAQ:AMZN opened at $219.78 on Wednesday. The company has a current ratio of 1.02, a quick ratio of 0.81 and a debt-to-equity ratio of 0.15. The stock has a 50 day moving average of $227.44 and a 200-day moving average of $210.16. The firm has a market capitalization of $2.34 trillion, a PE ratio of 33.50, a price-to-earnings-growth ratio of 1.46 and a beta of 1.30. Amazon.com has a 52 week low of $161.38 and a 52 week high of $242.52.

Amazon.com (NASDAQ:AMZN) last announced its quarterly earnings results on Thursday, July 31st. The e-commerce giant reported $1.68 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.31 by $0.37. The business had revenue of $167.70 billion for the quarter, compared to the consensus estimate of $161.80 billion. Amazon.com had a return on equity of 23.84% and a net margin of 10.54%.The business’s revenue was up 13.3% on a year-over-year basis. During the same quarter last year, the business posted $1.26 EPS. Amazon.com has set its Q3 2025 guidance at EPS. Analysts predict that Amazon.com will post 6.31 EPS for the current year.

Insider Buying and Selling

In other Amazon.com news, CEO Andrew R. Jassy sold 19,872 shares of the business’s stock in a transaction dated Thursday, August 21st. The shares were sold at an average price of $221.58, for a total value of $4,403,237.76. Following the sale, the chief executive officer directly owned 2,178,502 shares in the company, valued at approximately $482,712,473.16. The trade was a 0.90% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, VP Shelley Reynolds sold 2,715 shares of the firm’s stock in a transaction dated Thursday, August 21st. The shares were sold at an average price of $221.64, for a total transaction of $601,752.60. Following the transaction, the vice president owned 119,780 shares of the company’s stock, valued at approximately $26,548,039.20. This trade represents a 2.22% decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 21,997,911 shares of company stock worth $4,989,630,574. 9.70% of the stock is owned by corporate insiders.

Institutional Trading of Amazon.com

A number of hedge funds and other institutional investors have recently made changes to their positions in AMZN. Vanguard Group Inc. boosted its stake in shares of Amazon.com by 2.1% during the 2nd quarter. Vanguard Group Inc. now owns 849,721,601 shares of the e-commerce giant’s stock worth $186,420,422,000 after acquiring an additional 17,447,045 shares in the last quarter. State Street Corp lifted its holdings in shares of Amazon.com by 1.4% during the second quarter. State Street Corp now owns 374,097,285 shares of the e-commerce giant’s stock valued at $82,073,203,000 after purchasing an additional 5,163,208 shares during the last quarter. Geode Capital Management LLC boosted its position in shares of Amazon.com by 1.7% in the 2nd quarter. Geode Capital Management LLC now owns 216,717,657 shares of the e-commerce giant’s stock valued at $47,332,625,000 after purchasing an additional 3,721,658 shares during the period. Kingstone Capital Partners Texas LLC increased its stake in Amazon.com by 542,733.6% in the 2nd quarter. Kingstone Capital Partners Texas LLC now owns 132,641,388 shares of the e-commerce giant’s stock worth $29,100,194,000 after purchasing an additional 132,616,953 shares in the last quarter. Finally, Norges Bank acquired a new stake in Amazon.com during the 2nd quarter worth about $27,438,011,000. 72.20% of the stock is currently owned by institutional investors.

Amazon.com Company Profile

Amazon.com, Inc engages in the retail sale of consumer products, advertising, and subscriptions service through online and physical stores in North America and internationally. The company operates through three segments: North America, International, and Amazon Web Services (AWS). It also manufactures and sells electronic devices, including Kindle, Fire tablets, Fire TVs, Echo, Ring, Blink, and eero; and develops and produces media content.