Amazon.com (NASDAQ:AMZN) Stock Price Target Cut by Cantor Fitzgerald

Key Points

• Cantor Fitzgerald cut Amazon’s price target from $320 to $310 while maintaining an “overweight” rating, implying approximately 18.13% upside from the current price.
• Analyst sentiment remains strongly positive: 56 analysts rate Amazon a Buy and three rate it a Hold, producing a “Moderate Buy” consensus rating and an average price target of $322.53.
• Amazon exceeded quarterly expectations with $5.75 in earnings per share versus an estimated $1.82 and revenue of $200.61 billion, up 19.6% year over year; however, insiders sold about $18.6 million of stock over the past 90 days.

Amazon.com (NASDAQ:AMZN) had its price target cut by Cantor Fitzgerald from $320.00 to $310.00 in a report released on Monday, Benzinga reports. The brokerage presently has an "overweight" rating on the e-commerce giant's stock. Cantor Fitzgerald's price target points to a potential upside of 18.13% from the company's current price.

A number of other equities analysts also recently commented on the stock. Telsey Advisory Group set a $335.00 price objective on shares of Amazon.com and gave the stock an "outperform" rating in a research report on Friday, July 31st. KeyCorp lifted their target price on shares of Amazon.com from $335.00 to $350.00 and gave the company an "overweight" rating in a report on Friday, July 31st. Weiss Ratings reiterated a "buy (b)" rating on shares of Amazon.com in a research note on Monday, August 3rd. Citizens Jmp reiterated a "market outperform" rating and set a $315.00 price target on shares of Amazon.com in a research note on Friday, July 31st. Finally, Truist Financial increased their price target on shares of Amazon.com from $320.00 to $350.00 and gave the stock a "buy" rating in a report on Friday, July 31st. Fifty-six equities research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. According to MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $322.53.

Amazon.com Stock Performance

NASDAQ:AMZN opened at $262.43 on Monday. The firm has a market cap of $2.83 trillion, a P/E ratio of 21.11, a PEG ratio of 2.03 and a beta of 1.45. The company has a current ratio of 1.03, a quick ratio of 0.87 and a debt-to-equity ratio of 0.23. The stock's 50 day simple moving average is $258.83 and its 200-day simple moving average is $250.16. Amazon.com has a 12-month low of $196.00 and a 12-month high of $287.20.

Amazon.com (NASDAQ:AMZN - Get Free Report) last released its quarterly earnings results on Thursday, July 30th. The e-commerce giant reported $5.75 EPS for the quarter, topping the consensus estimate of $1.82 by $3.93. Amazon.com had a return on equity of 18.00% and a net margin of 17.44%. The business had revenue of $200.61 billion during the quarter, compared to analysts' expectations of $197.03 billion. During the same quarter in the prior year, the business earned $1.68 earnings per share. The company's quarterly revenue was up 19.6% compared to the same quarter last year. Equities analysts anticipate that Amazon.com will post 8.03 EPS for the current year.

Insider Buying and Selling at Amazon.com

In related news, CEO Matthew Garman sold 14,541 shares of the firm's 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 sale, the chief executive officer owned 17,794 shares in the company, valued at $4,609,713.64. This trade represents a 44.97% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Douglas J. Herrington sold 6,362 shares of the business's stock in a transaction dated Friday, August 21st. The stock was sold at an average price of $259.01, for a total transaction of $1,647,821.62. Following the sale, the chief executive officer directly owned 476,681 shares in the company, valued at approximately $123,465,145.81. This represents a 1.32% 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 90 days, insiders sold 71,589 shares of company stock worth $18,580,515. Company insiders own 8.90% of the company's stock.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the stock. Integrated Financial Solutions Inc. grew its stake in shares of Amazon.com by 5.8% during the third quarter. Integrated Financial Solutions Inc. now owns 28,973 shares of the e-commerce giant's stock worth $7,219,000 after purchasing an additional 1,600 shares during the period. Sacks & Associates LLC bought a new stake in Amazon.com in the third quarter valued at about $1,257,000. HF Advisory Group LLC lifted its stake in Amazon.com by 14.7% in the third quarter. HF Advisory Group LLC now owns 24,216 shares of the e-commerce giant's stock valued at $6,033,000 after buying an additional 3,099 shares during the period. Dupree Financial Group LLC boosted its holdings in Amazon.com by 1.6% during the third quarter. Dupree Financial Group LLC now owns 39,632 shares of the e-commerce giant's stock worth $9,874,000 after buying an additional 624 shares during the last quarter. Finally, Armstrong Advisory Group Inc. boosted its holdings in Amazon.com by 2.9% during the third quarter. Armstrong Advisory Group Inc. now owns 36,972 shares of the e-commerce giant's stock worth $9,075,000 after buying an additional 1,054 shares during the last quarter. 72.20% of the stock is owned by hedge funds and other institutional investors.

More Amazon.com News

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

• Positive Sentiment: Potential $7 billion Decart acquisition: Amazon is reportedly in talks to acquire San Francisco-based Decart, whose software helps developers move workloads between different AI chips. The deal would strengthen Amazon Web Services’ AI infrastructure, support its custom-chip strategy and potentially make AWS more flexible for customers. The transaction is not finalized and could still fall apart. Amazon in Talks to Buy AI Startup Decart for Around $7 Billion
• Positive Sentiment: AWS and data-center growth remain central to the bull case: Analysts and financial commentators continue to point to strong AWS expansion, improving operating profits and substantial planned data-center investment as longer-term drivers of Amazon’s earnings and margins. Amazon has also reportedly reached a roughly $1 billion intellectual-property deal with Synopsys, supporting its chip-design and cloud-computing ecosystem. Amazon and Alphabet Just Committed $420 Billion to Data Centers
• Neutral Sentiment: AI investment may be financed more flexibly: Amazon is reportedly considering placing about $8 billion of Nvidia Grace Blackwell chips into a special-purpose vehicle funded by outside investors and leasing the hardware back. The structure could reduce near-term balance-sheet pressure, but it also highlights the scale of Amazon’s expected capital expenditures and the challenge of generating adequate returns on AI infrastructure. Amazon Wants Investors to Finance $8 Billion of Nvidia Chips
• Negative Sentiment: Execution and regulatory concerns remain: Amazon recently reshuffled Alexa leadership following new tablet launches, raising questions about Alexa+’s ability to become a meaningful subscription business. Separate reports cite opposition to a proposed Indian data-center campus and ongoing scrutiny in California over alleged price-fixing practices, risks that could increase costs or lead to regulatory penalties. Amazon Reshuffles Alexa Leadership

About Amazon.com

Amazon.com, Inc is a global technology and commerce company that operates online marketplaces, physical stores, and a broad portfolio of digital and cloud-based services. The company offers consumer products across categories such as electronics, household goods, apparel, groceries, and entertainment, while also providing third-party sellers with tools for listing, selling, and fulfilling orders.

Amazon's major businesses include Amazon Web Services (AWS), which provides cloud computing, storage, database, analytics, and artificial intelligence services; Prime, a membership program that includes shipping, streaming, and other benefits; and digital entertainment services such as Prime Video, Amazon Music, Kindle, and Audible.

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