Amazon.com (NASDAQ:AMZN) Upgraded to Strong-Buy at Mizuho

Key Points

• Mizuho has upgraded Amazon.com (NASDAQ: AMZN) to a "strong-buy" rating, reflecting increased confidence in the company's performance.
• Multiple analysts have raised their price targets for Amazon.com, with Bank of America setting a new target of $272.00 and Morgan Stanley reaffirming an "overweight" rating.
• Amazon.com reported a 13.3% year-over-year revenue growth in its latest earnings announcement, surpassing analysts' expectations with a revenue of $167.70 billion for the quarter.

Amazon.com (NASDAQ:AMZN) was upgraded by research analysts at Mizuho to a "strong-buy" rating in a report issued on Monday,Zacks.com reports.

AMZN has been the subject of a number of other research reports. Bank of America raised their target price on shares of Amazon.com from $265.00 to $272.00 and gave the company a "buy" rating in a research note on Friday, August 1st. Morgan Stanley reissued an "overweight" rating on shares of Amazon.com in a research report on Wednesday, September 10th. Truist Financial raised their price target on shares of Amazon.com from $250.00 to $270.00 and gave the company a "buy" rating in a research report on Tuesday, September 16th. Piper Sandler raised their price target on shares of Amazon.com from $250.00 to $255.00 and gave the company an "overweight" rating in a research report on Friday, August 1st. Finally, Wall Street Zen raised shares of Amazon.com from a "hold" rating to a "buy" rating in a research report on Saturday, August 2nd. Three equities research analysts have rated the stock with a Strong Buy rating, forty-six have issued a Buy rating and one has issued a Hold rating to the company. According to MarketBeat, the company presently has an average rating of "Buy" and an average price target of $265.09.

Amazon.com Price Performance

Shares of NASDAQ AMZN opened at $219.57 on Monday. Amazon.com has a fifty-two week low of $161.38 and a fifty-two week high of $242.52. The company has a 50 day simple moving average of $227.14 and a two-hundred day simple moving average of $210.58. The company has a market capitalization of $2.34 trillion, a price-to-earnings ratio of 33.47, a P/E/G ratio of 1.48 and a beta of 1.30. The company has a debt-to-equity ratio of 0.15, a quick ratio of 0.81 and a current ratio of 1.02.

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

Insiders Place Their Bets

In other Amazon.com news, CEO Andrew R. Jassy sold 19,872 shares of Amazon.com stock in a transaction that occurred on 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 completion of the sale, the chief executive officer owned 2,178,502 shares of the company's stock, valued at approximately $482,712,473.16. The trade was a 0.90% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, VP Shelley Reynolds sold 2,715 shares of the business's stock in a transaction on Thursday, August 21st. The shares were sold at an average price of $221.64, for a total transaction of $601,752.60. Following the sale, the vice president directly owned 119,780 shares of the company's stock, valued at approximately $26,548,039.20. The trade was a 2.22% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 21,770,485 shares of company stock worth $4,938,795,968 in the last 90 days. Insiders own 10.80% of the company's stock.

Institutional Investors Weigh In On Amazon.com

A number of hedge funds have recently modified their holdings of AMZN. Castlekeep Investment Advisors LLC purchased a new position in shares of Amazon.com during the 4th quarter valued at $25,000. Carderock Capital Management Inc. purchased a new position in shares of Amazon.com during the 2nd quarter valued at $27,000. Cooksen Wealth LLC purchased a new stake in Amazon.com in the 1st quarter worth $36,000. Inlight Wealth Management LLC purchased a new stake in Amazon.com in the 1st quarter worth $40,000. Finally, Capitol Family Office Inc. purchased a new stake in Amazon.com in the 1st quarter worth $42,000. Institutional investors own 72.20% of the company's stock.

About Amazon.com

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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