Amazon.com’s (AMZN) “Buy” Rating Reiterated at Jefferies Financial Group

Amazon.com (NASDAQ:AMZN)‘s stock had its “buy” rating reaffirmed by investment analysts at Jefferies Financial Group in a research note issued to investors on Thursday,MarketScreener reports.

AMZN has been the topic of a number of other reports. Roth Mkm lifted their price objective on Amazon.com from $285.00 to $300.00 and gave the company a “buy” rating in a report on Thursday, April 30th. Needham & Company LLC increased their target price on Amazon.com from $265.00 to $300.00 and gave the stock a “buy” rating in a report on Thursday, April 30th. Canaccord Genuity Group raised their target price on Amazon.com from $300.00 to $330.00 and gave the stock a “buy” rating in a research report on Thursday, April 30th. TD Securities raised Amazon.com to a “buy” rating in a research note on Monday, April 13th. Finally, Wells Fargo & Company set a $312.00 price target on Amazon.com and gave the company an “overweight” rating in a research report on Wednesday, May 20th. Fifty-seven investment analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. According to MarketBeat, Amazon.com currently has an average rating of “Moderate Buy” and an average target price of $312.78.

Amazon.com Price Performance

Shares of AMZN stock traded up $1.92 during mid-day trading on Thursday, reaching $239.42. The company’s stock had a trading volume of 12,685,387 shares, compared to its average volume of 47,449,543. The firm’s 50-day moving average is $255.43 and its two-hundred day moving average is $233.97. The company has a market cap of $2.58 trillion, a P/E ratio of 28.60, a PEG ratio of 1.84 and a beta of 1.44. Amazon.com has a 1-year low of $196.00 and a 1-year high of $278.56. The company has a debt-to-equity ratio of 0.27, a quick ratio of 1.01 and a current ratio of 1.18.

Amazon.com (NASDAQ:AMZN) last issued its earnings results on Wednesday, April 29th. The e-commerce giant reported $2.78 earnings per share for the quarter, beating the consensus estimate of $1.63 by $1.15. The business had revenue of $181.52 billion for the quarter, compared to analyst estimates of $177.28 billion. Amazon.com had a net margin of 12.22% and a return on equity of 19.92%. The firm’s revenue was up 16.6% on a year-over-year basis. During the same period in the previous year, the business earned $1.59 EPS. On average, research analysts predict that Amazon.com will post 7.71 earnings per share for the current year.

Insider Activity

In other news, CEO Douglas J. Herrington sold 1,000 shares of the stock in a transaction on Monday, June 1st. The stock was sold at an average price of $266.19, for a total transaction of $266,190.00. Following the sale, the chief executive officer owned 485,527 shares in the company, valued at approximately $129,242,432.13. This represents a 0.21% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Andrew R. Jassy sold 20,000 shares of the firm’s stock in a transaction on Thursday, May 21st. The shares were sold at an average price of $263.42, for a total value of $5,268,400.00. Following the completion of the sale, the chief executive officer owned 2,205,766 shares of the company’s stock, valued at approximately $581,042,879.72. This trade represents a 0.90% 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. Over the last three months, insiders sold 195,774 shares of company stock worth $51,614,434. 8.90% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Amazon.com

A number of hedge funds have recently added to or reduced their stakes in AMZN. MilWealth Group LLC grew its stake in shares of Amazon.com by 79.0% during the fourth quarter. MilWealth Group LLC now owns 179 shares of the e-commerce giant’s stock valued at $41,000 after purchasing an additional 79 shares during the last quarter. Lifetime Wealth Management P.C. bought a new position in Amazon.com in the 4th quarter worth approximately $45,000. Elkhorn Partners Limited Partnership lifted its holdings in Amazon.com by 900.0% during the 4th quarter. Elkhorn Partners Limited Partnership now owns 200 shares of the e-commerce giant’s stock worth $46,000 after buying an additional 180 shares in the last quarter. Fairway Wealth LLC lifted its holdings in Amazon.com by 95.6% during the 4th quarter. Fairway Wealth LLC now owns 221 shares of the e-commerce giant’s stock worth $51,000 after buying an additional 108 shares in the last quarter. Finally, Prudent Man Investment Management Inc. boosted its position in Amazon.com by 87.7% in the 4th quarter. Prudent Man Investment Management Inc. now owns 229 shares of the e-commerce giant’s stock valued at $53,000 after buying an additional 107 shares during the last quarter. Institutional investors 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: Bank of America reiterated a Buy rating on Amazon and kept a $310 target, pointing to improving AWS AI and agentic capabilities. Justin Post Reiterates Buy on Amazon, Maintains $310 Price Target on AWS’s Advancing AI and Agentic Capabilities
• Positive Sentiment: Amazon continues to highlight AWS innovation, including new AI agents and cybersecurity tools, reinforcing its long-term cloud and AI growth narrative. Amazon unveils new AI agents, trying to thread the needle between autonomy and human control
• Neutral Sentiment: Amazon also drew attention for its quantum computing timeline, with an executive saying commercially useful small-scale quantum computers could arrive in 5 to 7 years. Amazon AI exec predicts first ‘commercially useful’ quantum computers in 5-7 years
• Negative Sentiment: Amazon faces a reported FTC complaint over misleading ad practices, creating a potential multibillion-dollar regulatory risk. Amazon faces billions in penalties from potential FTC ad suit, Bloomberg News reports
• Negative Sentiment: Broader investor caution toward mega-cap tech and high AI spending is also weighing on sentiment around Amazon shares. Tech concentration hits dotcom-era extremes; UBS urges portfolio rebalancing

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.