Amazon.com (NASDAQ:AMZN) Cut to Hold (C+) at Weiss Ratings

Key Points

• Amazon.com has been downgraded by Weiss Ratings from a "buy (B-)" to a "hold (C+)" rating, reflecting a change in sentiment from analysts.
• The stock is currently trading at $224.50 after an increase of 1.5%, with a market capitalization of $2.39 trillion.
• Despite the downgrade, multiple analysts maintain positive outlooks, with a consensus target price of $268.69 and a majority rating of "buy" on the stock.

Amazon.com (NASDAQ:AMZN) was downgraded by investment analysts at Weiss Ratings from a "buy (b-)" rating to a "hold (c+)" rating in a report issued on Friday,Weiss Ratings reports.

Other analysts have also recently issued reports about the company. Wolfe Research raised their target price on Amazon.com from $265.00 to $270.00 in a research note on Tuesday, September 30th. Cowen reissued a "buy" rating on shares of Amazon.com in a research note on Friday, August 1st. Sanford C. Bernstein set a $235.00 target price on Amazon.com and gave the stock an "outperform" rating in a research note on Tuesday, July 1st. Zacks Research raised Amazon.com from a "hold" rating to a "strong-buy" rating in a research note on Wednesday. Finally, BNP Paribas upgraded shares of Amazon.com from a "hold" rating to a "strong-buy" rating in a report on Friday, June 27th. Four investment analysts have rated the stock with a Strong Buy rating, forty-seven have given a Buy rating and one has issued a Hold rating to the company. According to data from MarketBeat, the company presently has an average rating of "Buy" and a consensus target price of $268.69.

Amazon.com Trading Up 1.5%

Shares of NASDAQ:AMZN traded up $3.41 on Friday, reaching $224.50. 29,274,127 shares of the company traded hands, compared to its average volume of 44,132,813. The business's 50-day simple moving average is $225.24 and its 200 day simple moving average is $213.61. Amazon.com has a 52 week low of $161.38 and a 52 week high of $242.52. The stock has a market capitalization of $2.39 trillion, a P/E ratio of 34.20, a price-to-earnings-growth ratio of 1.44 and a beta of 1.28. The company has a current ratio of 1.02, a quick ratio of 0.81 and a debt-to-equity ratio of 0.15.

Amazon.com (NASDAQ:AMZN - Get Free Report) last announced its quarterly earnings data on Thursday, July 31st. The e-commerce giant reported $1.68 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.31 by $0.37. Amazon.com had a return on equity of 23.84% and a net margin of 10.54%.The firm had revenue of $167.70 billion for the quarter, compared to analysts' expectations of $161.80 billion. During the same period last year, the firm earned $1.26 earnings per share. The company's revenue for the quarter was up 13.3% compared to the same quarter last year. Amazon.com has set its Q3 2025 guidance at EPS. As a group, equities analysts anticipate that Amazon.com will post 6.31 EPS for the current fiscal year.

Insider Activity

In related news, CFO Brian T. Olsavsky sold 17,750 shares of the business's stock in a transaction that occurred on Thursday, August 21st. The shares were sold at an average price of $222.74, for a total value of $3,953,635.00. Following the completion of the transaction, the chief financial officer directly owned 49,000 shares in the company, valued at $10,914,260. The trade was a 26.59% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Douglas J. Herrington sold 6,835 shares of the business's stock in a transaction that occurred on Thursday, August 21st. The stock was sold at an average price of $221.62, for a total transaction of $1,514,772.70. Following the completion of the transaction, the chief executive officer owned 520,507 shares of the company's stock, valued at approximately $115,354,761.34. The trade was a 1.30% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 97,911 shares of company stock valued at $21,765,202. 9.70% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Amazon.com

A number of large investors have recently added to or reduced their stakes in AMZN. Kingstone Capital Partners Texas LLC grew its position 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 during the period. Norges Bank bought a new stake in shares of Amazon.com during the 2nd quarter valued at $27,438,011,000. Nuveen LLC bought a new stake in shares of Amazon.com during the 1st quarter valued at $11,674,091,000. Vanguard Group Inc. grew its position 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 valued at $186,420,422,000 after acquiring an additional 17,447,045 shares during the period. Finally, Laurel Wealth Advisors LLC grew its position in shares of Amazon.com by 22,085.8% during the 2nd quarter. Laurel Wealth Advisors LLC now owns 12,177,557 shares of the e-commerce giant's stock valued at $2,671,634,000 after acquiring an additional 12,122,668 shares during the period. Institutional investors own 72.20% of the company's stock.

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.

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