Amazon.com's (AMZN) Buy Rating Reaffirmed at TD Cowen

Amazon.com (NASDAQ:AMZN)'s stock had its "buy" rating reaffirmed by TD Cowen in a report released on Monday, Marketbeat Ratings reports. They currently have a $350.00 price target on the e-commerce giant's stock. TD Cowen's price target would suggest a potential upside of 39.08% from the company's current price.

Other equities research analysts also recently issued reports about the stock. Oppenheimer reiterated an "outperform" rating on shares of Amazon.com in a research note on Friday, July 31st. Wells Fargo & Company reiterated an "overweight" rating and set a $338.00 price objective (up from $328.00) on shares of Amazon.com in a research note on Thursday, September 3rd. HSBC reiterated a "buy" rating and set a $310.00 price objective on shares of Amazon.com in a research note on Friday, July 31st. The Goldman Sachs Group reiterated a "buy" rating and set a $375.00 price objective (up from $335.00) on shares of Amazon.com in a research note on Friday, July 31st. Finally, Raymond James Financial restated an "outperform" rating and set a $390.00 target price (up from $280.00) on shares of Amazon.com in a research report on Friday, July 31st. Fifty-six equities research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company's stock. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average price target of $321.63.

Amazon.com Stock Performance

Shares of NASDAQ:AMZN traded up $0.14 on Monday, hitting $251.66. 8,701,908 shares of the company were exchanged, compared to its average volume of 46,661,938. Amazon.com has a 1-year low of $196.00 and a 1-year high of $287.20. The stock's 50 day moving average price is $257.06 and its 200 day moving average price is $248.51. 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 firm has a market capitalization of $2.71 trillion, a P/E ratio of 20.22, a price-to-earnings-growth ratio of 1.95 and a beta of 1.45.

Amazon.com (NASDAQ:AMZN - Get Free Report) last posted its quarterly earnings data 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 net margin of 17.44% and a return on equity of 18.00%. The business had revenue of $200.61 billion during the quarter, compared to the consensus estimate of $197.03 billion. During the same period in the previous year, the firm posted $1.68 earnings per share. The business's revenue for the quarter was up 19.6% compared to the same quarter last year. Sell-side analysts predict that Amazon.com will post 8.01 EPS for the current year.

Insider Activity at Amazon.com

In other Amazon.com news, CFO Brian Olsavsky sold 6,172 shares of Amazon.com stock in a transaction on Friday, August 21st. The shares were sold at an average price of $260.31, for a total value of $1,606,633.32. Following the completion of the transaction, the chief financial officer owned 109,207 shares of the company's stock, valued at approximately $28,427,674.17. The trade was a 5.35% decrease in their ownership of the stock. The transaction was disclosed in a filing 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 Douglas Herrington sold 6,362 shares of Amazon.com stock in a transaction on Friday, August 21st. The shares were sold at an average price of $259.01, for a total transaction of $1,647,821.62. Following the completion of the transaction, the chief executive officer directly owned 476,681 shares of the company's stock, valued at $123,465,145.81. The trade was a 1.32% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold a total of 70,589 shares of company stock valued at $18,329,015 over the last ninety days. Corporate insiders own 8.90% of the company's stock.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Trust Asset Management LLC increased its stake in shares of Amazon.com by 3.3% during the second quarter. Trust Asset Management LLC now owns 107,563 shares of the e-commerce giant's stock worth $26,000 after purchasing an additional 3,414 shares in the last quarter. TOP Private Wealth LLC. acquired a new position in Amazon.com in the 2nd quarter valued at about $29,000. Bard Associates Inc. acquired a new position in Amazon.com in the 2nd quarter valued at about $32,000. Longfellow Investment Management Co. LLC acquired a new position in Amazon.com in the 2nd quarter valued at about $33,000. Finally, Atomic Invest LLC boosted its holdings in Amazon.com by 41.2% in the 2nd quarter. Atomic Invest LLC now owns 168 shares of the e-commerce giant's stock valued at $40,000 after purchasing an additional 49 shares during the last quarter. Hedge funds and other 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: TD Cowen reaffirmed its “Buy” rating and $350 price target, implying approximately 39% potential upside. The call reinforces Wall Street confidence in Amazon’s AWS, advertising, and AI growth prospects. TD Cowen Reaffirms Buy Rating for Amazon.com
• Positive Sentiment: Amazon’s reported agreement to support more than $3 billion of investment at Maryland’s Calvert Cliffs nuclear plant could provide AWS with additional long-term electricity capacity as power shortages constrain data-center expansion. What a 20-Year Deal With Amazon Means for Constellation Energy Stock
• Positive Sentiment: Strong AI infrastructure demand remains a tailwind: AWS is reportedly raising reserved GPU pricing, while broader virtual-machine and hybrid-cloud markets continue expanding. Amazon also launched its annual Holiday Kids Gift Book ahead of the peak shopping season, offering a modest retail catalyst. Amazon Prepares for Q4 With Holiday Kids Gift Book
• Neutral Sentiment: Amazon is reportedly exploring a structure to move roughly $8 billion of Nvidia Grace Blackwell chips into a special-purpose vehicle and lease them back. This could improve capital flexibility and shift some asset risk to investors, but may also increase financing costs and balance-sheet complexity. Amazon Reportedly Seeks to Move Nvidia Chips Off Its Balance Sheet
• Negative Sentiment: Amazon’s massive AI and data-center buildout is facing local opposition over electricity, water, land use, and environmental concerns. The company’s planned $1 billion community-investment program may ease permitting obstacles, but adds to near-term spending. Amazon Pledges $1 Billion to Win Over Communities
• Negative Sentiment: Competitive concerns persist as Meta’s Muse AI shopping assistant highlights the possibility that customers may increasingly shop through third-party agents rather than Amazon’s website. Amazon has blocked Muse from crawling its platform, underscoring the strategic threat. Meta’s Muse AI and E-Commerce

Amazon.com Company Profile

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.