Investment Analysts’ Recent Ratings Changes for Amazon.com (AMZN)

Several brokerages have updated their recommendations and price targets on shares of Amazon.com (NASDAQ: AMZN) in the last few weeks:

  • 2/2/2024 – Amazon.com had its price target raised by analysts at Raymond James from $185.00 to $200.00. They now have a “strong-buy” rating on the stock.
  • 2/2/2024 – Amazon.com had its price target raised by analysts at Susquehanna from $185.00 to $220.00. They now have a “positive” rating on the stock.
  • 2/2/2024 – Amazon.com had its price target raised by analysts at Piper Sandler from $185.00 to $205.00. They now have an “overweight” rating on the stock.
  • 2/2/2024 – Amazon.com had its price target raised by analysts at Morgan Stanley from $185.00 to $200.00. They now have an “overweight” rating on the stock.
  • 2/2/2024 – Amazon.com had its price target raised by analysts at Wells Fargo & Company from $197.00 to $211.00. They now have an “overweight” rating on the stock.
  • 2/2/2024 – Amazon.com had its price target raised by analysts at JPMorgan Chase & Co. from $190.00 to $225.00. They now have an “overweight” rating on the stock.
  • 2/2/2024 – Amazon.com had its price target raised by analysts at Barclays PLC from $190.00 to $220.00. They now have an “overweight” rating on the stock.
  • 2/2/2024 – Amazon.com had its price target raised by analysts at Royal Bank of Canada from $180.00 to $215.00. They now have an “outperform” rating on the stock.
  • 2/2/2024 – Amazon.com had its price target raised by analysts at Wolfe Research from $195.00 to $205.00. They now have an “outperform” rating on the stock.
  • 2/2/2024 – Amazon.com had its price target raised by analysts at JMP Securities from $175.00 to $225.00. They now have an “outperform” rating on the stock.
  • 2/2/2024 – Amazon.com had its price target raised by analysts at Sanford C. Bernstein from $175.00 to $200.00. They now have an “outperform” rating on the stock.
  • 2/2/2024 – Amazon.com had its price target raised by analysts at Evercore ISI from $195.00 to $220.00. They now have an “outperform” rating on the stock.
  • 2/2/2024 – Amazon.com had its price target raised by analysts at Robert W. Baird from $185.00 to $205.00. They now have an “outperform” rating on the stock.
  • 2/2/2024 – Amazon.com had its price target raised by analysts at TD Cowen from $200.00 to $225.00. They now have an “outperform” rating on the stock.
  • 2/2/2024 – Amazon.com had its price target raised by analysts at Oppenheimer Holdings Inc. from $200.00 to $210.00. They now have an “outperform” rating on the stock.
  • 2/2/2024 – Amazon.com had its price target raised by analysts at Wedbush from $210.00 to $220.00. They now have an “outperform” rating on the stock.
  • 2/2/2024 – Amazon.com had its price target raised by analysts at Telsey Advisory Group from $185.00 to $200.00. They now have an “outperform” rating on the stock.
  • 2/2/2024 – Amazon.com had its price target raised by analysts at Truist Financial Co. from $180.00 to $195.00. They now have a “buy” rating on the stock.
  • 2/2/2024 – Amazon.com had its price target raised by analysts at UBS Group AG from $180.00 to $198.00. They now have a “buy” rating on the stock.
  • 2/2/2024 – Amazon.com had its price target raised by analysts at The Goldman Sachs Group, Inc. from $200.00 to $220.00. They now have a “buy” rating on the stock.
  • 2/2/2024 – Amazon.com had its price target raised by analysts at Stifel Nicolaus from $175.00 to $200.00. They now have a “buy” rating on the stock.
  • 2/2/2024 – Amazon.com had its price target raised by analysts at Bank of America Co. from $185.00 to $204.00. They now have a “buy” rating on the stock.
  • 2/2/2024 – Amazon.com had its price target raised by analysts at Mizuho from $220.00 to $230.00. They now have a “buy” rating on the stock.
  • 2/2/2024 – Amazon.com had its price target raised by analysts at Benchmark Co. from $175.00 to $200.00. They now have a “buy” rating on the stock.
  • 2/2/2024 – Amazon.com had its price target raised by analysts at Canaccord Genuity Group Inc. from $185.00 to $200.00. They now have a “buy” rating on the stock.
  • 2/2/2024 – Amazon.com had its price target raised by analysts at Roth Mkm from $180.00 to $205.00. They now have a “buy” rating on the stock.
  • 2/2/2024 – Amazon.com had its price target raised by analysts at Deutsche Bank Aktiengesellschaft from $175.00 to $200.00. They now have a “buy” rating on the stock.
  • 2/2/2024 – Amazon.com had its price target raised by analysts at DA Davidson from $195.00 to $200.00. They now have a “buy” rating on the stock.
  • 2/2/2024 – Amazon.com had its price target raised by analysts at Needham & Company LLC from $175.00 to $205.00. They now have a “buy” rating on the stock.
  • 2/2/2024 – Amazon.com had its price target raised by analysts at Monness Crespi & Hardt from $170.00 to $215.00. They now have a “buy” rating on the stock.
  • 1/24/2024 – Amazon.com had its price target raised by analysts at Telsey Advisory Group from $165.00 to $185.00. They now have an “outperform” rating on the stock.
  • 1/22/2024 – Amazon.com had its price target raised by analysts at Benchmark Co. from $170.00 to $175.00. They now have a “buy” rating on the stock.
  • 1/19/2024 – Amazon.com had its “outperform” rating reaffirmed by analysts at Wedbush. They now have a $210.00 price target on the stock.
  • 1/17/2024 – Amazon.com had its price target raised by analysts at Wells Fargo & Company from $190.00 to $197.00. They now have an “overweight” rating on the stock.
  • 1/9/2024 – Amazon.com is now covered by analysts at BMO Capital Markets. They set an “outperform” rating and a $200.00 price target on the stock.
  • 1/9/2024 – Amazon.com had its price target raised by analysts at Stifel Nicolaus from $173.00 to $175.00. They now have a “buy” rating on the stock.
  • 1/3/2024 – Amazon.com is now covered by analysts at DA Davidson. They set a “buy” rating and a $195.00 price target on the stock.
  • 12/22/2023 – Amazon.com had its price target raised by analysts at Needham & Company LLC from $160.00 to $175.00. They now have a “buy” rating on the stock.
  • 12/21/2023 – Amazon.com had its price target raised by analysts at Wedbush from $180.00 to $210.00. They now have an “outperform” rating on the stock.
  • 12/20/2023 – Amazon.com had its “strong-buy” rating reaffirmed by analysts at Raymond James. They now have a $185.00 price target on the stock.
  • 12/18/2023 – Amazon.com had its price target raised by analysts at Roth Mkm from $165.00 to $180.00. They now have a “buy” rating on the stock.
  • 12/14/2023 – Amazon.com had its price target raised by analysts at Piper Sandler from $170.00 to $185.00. They now have an “overweight” rating on the stock.

Amazon.com Stock Down 0.9 %

AMZN traded down $1.50 during midday trading on Monday, hitting $170.31. 55,010,855 shares of the company’s stock traded hands, compared to its average volume of 50,114,379. The company has a market cap of $1.76 trillion, a PE ratio of 58.73, a price-to-earnings-growth ratio of 1.62 and a beta of 1.14. The stock’s fifty day simple moving average is $152.01 and its 200-day simple moving average is $140.83. The company has a debt-to-equity ratio of 0.29, a current ratio of 1.05 and a quick ratio of 0.84. Amazon.com, Inc. has a one year low of $88.12 and a one year high of $172.50.

Amazon.com (NASDAQ:AMZNGet Free Report) last issued its quarterly earnings data on Thursday, February 1st. The e-commerce giant reported $1.00 earnings per share for the quarter, beating the consensus estimate of $0.81 by $0.19. The firm had revenue of $169.96 billion for the quarter, compared to analyst estimates of $165.96 billion. Amazon.com had a net margin of 5.29% and a return on equity of 16.61%. The company’s revenue for the quarter was up 13.9% on a year-over-year basis. During the same quarter last year, the firm earned $0.21 earnings per share. As a group, equities analysts anticipate that Amazon.com, Inc. will post 3.72 earnings per share for the current fiscal year.

Insider Activity

In other news, CEO Adam Selipsky sold 500 shares of Amazon.com stock in a transaction that occurred on Thursday, February 1st. The shares were sold at an average price of $155.72, for a total value of $77,860.00. Following the transaction, the chief executive officer now owns 116,560 shares of the company’s stock, valued at $18,150,723.20. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. In other news, CEO Adam Selipsky sold 500 shares of Amazon.com stock in a transaction that occurred on Thursday, February 1st. The shares were sold at an average price of $155.72, for a total value of $77,860.00. Following the transaction, the chief executive officer now owns 116,560 shares of the company’s stock, valued at $18,150,723.20. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, VP Shelley Reynolds sold 3,120 shares of Amazon.com stock in a transaction that occurred on Tuesday, November 21st. The shares were sold at an average price of $143.19, for a total transaction of $446,752.80. Following the completion of the transaction, the vice president now directly owns 119,780 shares in the company, valued at approximately $17,151,298.20. The disclosure for this sale can be found here. Insiders have sold a total of 61,829 shares of company stock valued at $8,885,713 over the last 90 days. 12.70% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Amazon.com

Hedge funds and other institutional investors have recently modified their holdings of the stock. Vanguard Group Inc. boosted its stake in Amazon.com by 4.4% during the third quarter. Vanguard Group Inc. now owns 757,951,795 shares of the e-commerce giant’s stock worth $96,350,832,000 after buying an additional 32,038,029 shares in the last quarter. State Street Corp boosted its stake in Amazon.com by 1.2% during the second quarter. State Street Corp now owns 335,869,897 shares of the e-commerce giant’s stock worth $43,784,000,000 after buying an additional 3,970,330 shares in the last quarter. Price T Rowe Associates Inc. MD boosted its stake in Amazon.com by 1,838.8% during the second quarter. Price T Rowe Associates Inc. MD now owns 311,971,394 shares of the e-commerce giant’s stock worth $33,134,481,000 after buying an additional 295,880,050 shares in the last quarter. FMR LLC boosted its stake in Amazon.com by 7.7% during the third quarter. FMR LLC now owns 302,101,441 shares of the e-commerce giant’s stock worth $38,403,135,000 after buying an additional 21,649,871 shares in the last quarter. Finally, Geode Capital Management LLC boosted its stake in Amazon.com by 2.9% during the second quarter. Geode Capital Management LLC now owns 170,151,722 shares of the e-commerce giant’s stock worth $22,116,108,000 after buying an additional 4,842,542 shares in the last quarter. Institutional investors and hedge funds own 57.96% of the company’s stock.

Amazon.com, Inc engages in the retail sale of consumer products and subscriptions through online and physical stores in North America and internationally. It operates through three segments: North America, International, and Amazon Web Services (AWS). The company's products offered through its stores include merchandise and content purchased for resale; and products offered by third-party sellers.

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