Amazon.com (NASDAQ:AMZN) Shares Up 3.5% Following Analyst Upgrade

Amazon.com, Inc. (NASDAQ:AMZN)’s stock price was up 3.5% on Wednesday after Cantor Fitzgerald raised their price target on the stock from $250.00 to $260.00. Cantor Fitzgerald currently has an overweight rating on the stock. Amazon.com traded as high as $226.10 and last traded at $221.25. Approximately 50,842,647 shares changed hands during mid-day trading, an increase of 2% from the average daily volume of 49,942,980 shares. The stock had previously closed at $213.77.

Other equities analysts have also issued reports about the company. The Goldman Sachs Group lifted their price objective on Amazon.com from $290.00 to $300.00 and gave the stock a “buy” rating in a research note on Wednesday, January 14th. Wells Fargo & Company lifted their price objective on Amazon.com from $304.00 to $305.00 and gave the stock an “overweight” rating in a research note on Thursday, April 2nd. DA Davidson reaffirmed a “neutral” rating and issued a $175.00 price objective (down from $300.00) on shares of Amazon.com in a research note on Friday, February 6th. Argus reiterated a “buy” rating and issued a $325.00 target price on shares of Amazon.com in a report on Friday, February 6th. Finally, New Street Research lowered their target price on Amazon.com from $285.00 to $280.00 and set a “buy” rating for the company in a report on Monday, March 30th. One investment analyst has rated the stock with a Strong Buy rating, fifty-three have issued a Buy rating and four have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $287.39.

Insider Activity at Amazon.com

In related news, CEO Douglas J. Herrington sold 6,835 shares of Amazon.com stock in a transaction that occurred on Monday, February 23rd. The stock was sold at an average price of $205.82, for a total transaction of $1,406,779.70. Following the transaction, the chief executive officer owned 522,361 shares of the company’s stock, valued at $107,512,341.02. The trade was a 1.29% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, CEO Matthew S. Garman sold 17,751 shares of Amazon.com stock in a transaction that occurred on Monday, February 23rd. The shares were sold at an average price of $205.22, for a total value of $3,642,860.22. Following the transaction, the chief executive officer directly owned 9,405 shares in the company, valued at approximately $1,930,094.10. The trade was a 65.37% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold 72,686 shares of company stock valued at $14,899,239 over the last 90 days. Corporate insiders own 10.80% of the company’s stock.

Trending Headlines about Amazon.com

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

• Positive Sentiment: Broader tech rally after the U.S.-Iran ceasefire lifted Magnificent Seven names, giving Amazon a market tailwind that helped push shares higher. Tech rally after ceasefire
• Positive Sentiment: Analyst optimism: multiple firms bumped up price targets/ratings this week (Cantor Fitzgerald raised its PT to $260; Moffett Nathanson to $288), supporting conviction in Amazon’s AI/AWS story. Cantor Fitzgerald price target raise
• Positive Sentiment: AWS commercial traction: Uber expanded use of AWS Graviton and is trialing Trainium3, signaling continued demand for Amazon’s AI infrastructure and chips. That reinforces AWS revenue visibility. Uber expands AWS use
• Positive Sentiment: Logistics stability: Amazon and the U.S. Postal Service reached a deal keeping roughly 80% of current USPS package volume, removing a near-term operations risk and preserving a key delivery channel. Amazon-USPS deal
• Neutral Sentiment: Deal chatter: reports that Amazon is exploring a ~$9B acquisition of Globalstar create a potential strategic growth angle (satcom/Project Kuiper), but the idea is capital‑intensive and generated mixed market reaction. Globalstar acquisition speculation
• Negative Sentiment: Lawsuits over AI training data: YouTubers sued Amazon alleging it scraped videos to train generative AI tools — potential legal, IP and reputational risk if cases gain traction. YouTubers sue Amazon
• Negative Sentiment: Operational risk in the Middle East: recent drone strikes damaged AWS infrastructure in Bahrain and the UAE; AWS says teams are working to restore services, but the events highlight geopolitical and reliability risks for cloud operations. AWS Middle East disruptions
• Negative Sentiment: Customer/PR friction: Amazon will end storefront support for pre‑2013 Kindles (no new book purchases/downloads), prompting consumer backlash; separately, reports of brands pulling items over Amazon pricing tactics could pressure retail assortment and relationships. Kindle end-of-support

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of the business. Fairway Wealth LLC lifted its position in shares of Amazon.com by 113.2% during the 3rd quarter. Fairway Wealth LLC now owns 113 shares of the e-commerce giant’s stock valued at $25,000 after buying an additional 60 shares during the last quarter. Sellwood Investment Partners LLC purchased a new position in shares of Amazon.com during the 3rd quarter valued at $27,000. MilWealth Group LLC lifted its position in shares of Amazon.com by 79.0% during the 4th quarter. MilWealth Group LLC now owns 179 shares of the e-commerce giant’s stock valued at $41,000 after buying an additional 79 shares during the last quarter. Lifetime Wealth Management P.C. purchased a new position in shares of Amazon.com during the 4th quarter valued at $45,000. Finally, Elkhorn Partners Limited Partnership lifted its position in shares of Amazon.com by 900.0% during the 4th quarter. Elkhorn Partners Limited Partnership now owns 200 shares of the e-commerce giant’s stock valued at $46,000 after buying an additional 180 shares during the last quarter. Hedge funds and other institutional investors own 72.20% of the company’s stock.

Amazon.com Price Performance

The company has a current ratio of 1.05, a quick ratio of 0.88 and a debt-to-equity ratio of 0.16. The business has a 50-day moving average price of $212.57 and a 200 day moving average price of $224.00. The stock has a market cap of $2.38 trillion, a PE ratio of 30.86, a PEG ratio of 1.57 and a beta of 1.38.

Amazon.com (NASDAQ:AMZN) last released its quarterly earnings data on Thursday, February 5th. The e-commerce giant reported $1.95 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.97 by ($0.02). Amazon.com had a net margin of 10.83% and a return on equity of 21.87%. The company had revenue of $213.39 billion for the quarter, compared to the consensus estimate of $211.02 billion. During the same quarter in the previous year, the firm posted $1.86 earnings per share. The business’s revenue for the quarter was up 13.6% compared to the same quarter last year. As a group, research analysts forecast that Amazon.com, Inc. will post 6.31 earnings per share for the current fiscal year.

About Amazon.com

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.