Amazon.com (NASDAQ:AMZN) Stock Picked Up by Analysts at Yorkville Ives

Key Points

• Yorkville Ives initiated coverage of Amazon with an “outperform” rating and a $300 price target, implying roughly 14% upside. Analysts overall remain bullish, with a consensus “Moderate Buy” rating and average target of $322.40.
• Amazon reported a strong quarter, posting $5.75 in adjusted earnings per share versus the $1.82 consensus estimate and $200.61 billion in revenue, up 19.6% year over year.
• Amazon shares recently traded at $262.95, while insiders have sold about $18.6 million of stock over the past 90 days; institutional investors own 72.2% of the company.

Equities researchers at Yorkville Ives started coverage on shares of Amazon.com (NASDAQ:AMZN) in a research report issued to clients and investors on Monday. The firm set an "outperform" rating and a $300.00 price target on the e-commerce giant's stock. Yorkville Ives' price objective points to a potential upside of 14.09% from the stock's current price.

Several other research analysts have also recently weighed in on the company. Tigress Financial restated a "buy" rating and set a $385.00 target price (up from $315.00) on shares of Amazon.com in a report on Tuesday, October 6th. Morgan Stanley reiterated an "overweight" rating and issued a $350.00 price target (up from $335.00) on shares of Amazon.com in a research report on Monday. Benchmark boosted their target price on shares of Amazon.com from $370.00 to $400.00 and gave the stock a "buy" rating in a research report on Friday, July 31st. KeyCorp reaffirmed an "overweight" rating on shares of Amazon.com in a research note on Thursday. Finally, Cantor Fitzgerald cut their price objective on shares of Amazon.com from $320.00 to $310.00 and set an "overweight" rating on the stock in a report on Monday, October 12th. Fifty-seven investment analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $322.40.

Amazon.com Price Performance

Shares of Amazon.com stock traded up $12.95 during trading on Monday, reaching $262.95. 27,972,827 shares of the stock traded hands, compared to its average volume of 46,143,500. The company has a debt-to-equity ratio of 0.23, a current ratio of 1.03 and a quick ratio of 0.87. Amazon.com has a 52-week low of $196.00 and a 52-week high of $287.20. The business has a fifty day simple moving average of $256.75 and a two-hundred day simple moving average of $251.92. The company has a market capitalization of $2.84 trillion, a price-to-earnings ratio of 21.14, a P/E/G ratio of 1.93 and a beta of 1.45.

Amazon.com (NASDAQ:AMZN - Get Free Report) last released its earnings results on Thursday, July 30th. The e-commerce giant reported $5.75 earnings per share for the quarter, topping analysts' consensus estimates of $1.82 by $3.93. The business had revenue of $200.61 billion for the quarter, compared to analyst estimates of $197.03 billion. Amazon.com had a return on equity of 18.00% and a net margin of 17.44%. The business's revenue was up 19.6% compared to the same quarter last year. During the same quarter last year, the firm posted $1.68 earnings per share. Sell-side analysts expect that Amazon.com will post 8.02 EPS for the current year.

Insiders Place Their Bets

In related news, CEO Matthew S. Garman sold 14,541 shares of the stock in a transaction dated Friday, August 21st. The shares were sold at an average price of $259.06, for a total value of $3,766,991.46. Following the completion of the transaction, the chief executive officer owned 17,794 shares in the company, valued at $4,609,713.64. This represents a 44.97% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Douglas Herrington sold 1,000 shares of the firm's stock in a transaction dated Thursday, October 1st. The shares were sold at an average price of $251.50, for a total transaction of $251,500.00. Following the transaction, the chief executive officer directly owned 474,681 shares in the company, valued at approximately $119,382,271.50. The trade was a 0.21% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last ninety days, insiders have sold 71,589 shares of company stock valued at $18,580,515. Corporate insiders own 8.90% of the company's stock.

Institutional Investors Weigh In On Amazon.com

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Prospera Capital Management LLC boosted its holdings in Amazon.com by 18.3% in the third quarter. Prospera Capital Management LLC now owns 4,175 shares of the e-commerce giant's stock worth $1,040,000 after purchasing an additional 646 shares during the last quarter. Blankinship & Foster LLC boosted its position in Amazon.com by 6.2% in the third quarter. Blankinship & Foster LLC now owns 2,685 shares of the e-commerce giant's stock worth $669,000 after purchasing an additional 156 shares during the last quarter. Client 1ST Advisory Group LLC boosted its position in Amazon.com by 2.1% in the third quarter. Client 1ST Advisory Group LLC now owns 11,061 shares of the e-commerce giant's stock worth $2,756,000 after purchasing an additional 230 shares during the last quarter. Weybosset Research & Management LLC grew its stake in shares of Amazon.com by 0.6% during the 3rd quarter. Weybosset Research & Management LLC now owns 45,479 shares of the e-commerce giant's stock valued at $11,331,000 after purchasing an additional 277 shares during the period. Finally, Clark Wealth Partners grew its stake in shares of Amazon.com by 6.8% during the 3rd quarter. Clark Wealth Partners now owns 4,729 shares of the e-commerce giant's stock valued at $1,178,000 after purchasing an additional 301 shares during the period. Institutional investors own 72.20% of the company's stock.

Amazon.com News Summary

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

• Positive Sentiment: Morgan Stanley named Amazon a top pick and raised its price target to $350 from $335, citing stronger expected AWS growth, improving margins, Bedrock, agentic shopping and warehouse robotics. The new target implies substantial upside from recent trading levels. Amazon stock rises as this analyst sees 40% upside
• Positive Sentiment: Amazon said its custom AI chips will support a popular coding language, a move that could make its chip offerings more attractive and strengthen competition with Nvidia in AI infrastructure. Amazon says its AI chips will work with popular coding language
• Positive Sentiment: Amazon is providing development funding for a proposed 960-megawatt Indiana nuclear project and intends to purchase its electricity. The initiative could support reliable power for data centers and reinforce Amazon’s long-term AI capacity strategy, although it remains in the feasibility stage. X-energy, Amazon, American Electric Power Partner to Bring SMR Project to Indiana

About Amazon.com

Amazon.com, Inc is a global technology and e-commerce company founded by Jeff Bezos in 1994. Originally launched as an online bookstore, the company has expanded into a broad digital marketplace offering consumer products across numerous categories, including electronics, household goods, apparel, groceries and other merchandise. Amazon also sells products under its own brands and provides logistics, fulfillment and delivery services that support its retail operations and third-party sellers.

The company's principal businesses include online and physical retail, Amazon Web Services (AWS), digital advertising, subscription services and consumer technology.

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