Amazon.com (NASDAQ:AMZN) Given New $330.00 Price Target at Royal Bank Of Canada

Amazon.com (NASDAQ:AMZN) had its target price lifted by equities researchers at Royal Bank Of Canada from $320.00 to $330.00 in a research note issued on Friday. The brokerage presently has an “outperform” rating on the e-commerce giant’s stock. Royal Bank Of Canada’s price objective would indicate a potential upside of 22.15% from the stock’s previous close.

Other equities research analysts have also issued research reports about the stock. Telsey Advisory Group set a $335.00 price target on shares of Amazon.com and gave the company an “outperform” rating in a report on Friday. 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 research report on Friday. Sanford C. Bernstein reissued an “outperform” rating and issued a $320.00 target price (up from $315.00) on shares of Amazon.com in a research note on Friday. Moffett Nathanson raised their price target on shares of Amazon.com from $283.00 to $288.00 and gave the stock a “buy” rating in a research note on Tuesday, April 7th. Finally, Robert W. Baird set a $310.00 price objective on Amazon.com and gave the company an “outperform” rating in a research note on Friday. Fifty-seven equities research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $321.40.

Amazon.com Stock Performance

Amazon.com stock traded up $34.66 during trading hours on Friday, hitting $270.16. The stock had a trading volume of 55,777,613 shares, compared to its average volume of 49,473,453. The company has a 50-day moving average of $245.59 and a two-hundred day moving average of $235.97. The company has a quick ratio of 1.01, a current ratio of 1.18 and a debt-to-equity ratio of 0.27. Amazon.com has a fifty-two week low of $196.00 and a fifty-two week high of $278.56. The company has a market cap of $2.91 trillion, a PE ratio of 32.39, a price-to-earnings-growth ratio of 1.70 and a beta of 1.46.

Amazon.com (NASDAQ:AMZN) last announced its quarterly earnings data on Thursday, July 30th. The e-commerce giant reported $5.75 earnings per share for the quarter, topping the consensus estimate of $1.82 by $3.93. The company 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 19.92% and a net margin of 12.22%.Amazon.com’s revenue for the quarter was up 19.6% compared to the same quarter last year. During the same quarter last year, the firm earned $1.68 EPS. On average, equities research analysts anticipate that Amazon.com will post 7.76 EPS for the current fiscal year.

Insider Buying and Selling at Amazon.com

In other news, CEO Douglas J. Herrington sold 1,000 shares of the firm’s stock in a transaction dated Wednesday, July 1st. The shares were sold at an average price of $239.77, for a total value of $239,770.00. Following the transaction, the chief executive officer owned 484,527 shares of the company’s stock, valued at approximately $116,175,038.79. This trade represents a 0.21% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Andrew R. Jassy sold 20,000 shares of the firm’s stock in a transaction that occurred on Thursday, May 21st. The shares were sold at an average price of $263.42, for a total transaction of $5,268,400.00. Following the completion of the transaction, the chief executive officer directly owned 2,205,766 shares in the company, valued at approximately $581,042,879.72. The trade was a 0.90% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold 135,719 shares of company stock valued at $36,438,002 over the last three months. Insiders own 8.90% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of AMZN. MilWealth Group LLC increased its position in shares of Amazon.com by 79.0% in the 4th quarter. MilWealth Group LLC now owns 179 shares of the e-commerce giant’s stock valued at $41,000 after buying an additional 79 shares in the last quarter. Lifetime Wealth Management P.C. bought a new position in Amazon.com during the fourth quarter worth about $45,000. Elkhorn Partners Limited Partnership grew its stake in Amazon.com by 900.0% in the fourth quarter. Elkhorn Partners Limited Partnership now owns 200 shares of the e-commerce giant’s stock valued at $46,000 after acquiring an additional 180 shares during the period. Fairway Wealth LLC grew its stake in Amazon.com by 95.6% in the fourth quarter. Fairway Wealth LLC now owns 221 shares of the e-commerce giant’s stock valued at $51,000 after acquiring an additional 108 shares during the period. Finally, Prudent Man Investment Management Inc. increased its holdings in shares of Amazon.com by 87.7% in the fourth quarter. Prudent Man Investment Management Inc. now owns 229 shares of the e-commerce giant’s stock worth $53,000 after acquiring an additional 107 shares in the last quarter. Institutional investors and hedge funds own 72.20% of the company’s stock.

More Amazon.com News

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

• Positive Sentiment: Strong Q2 results: Amazon reported $200.6 billion in revenue, up 20% year over year, while adjusted earnings per share of $5.75 substantially exceeded the $1.82 consensus estimate. Operating income increased 43% to $27.5 billion. Amazon.com Announces Second Quarter Results
• Positive Sentiment: AWS growth eased AI-spending concerns: AWS revenue surged 37% to $42.2 billion, its fastest growth in more than four years, as enterprise AI demand and new arrangements with Meta and OpenAI drove cloud consumption. AWS operating profit reached $16.6 billion, supporting the view that Amazon is beginning to monetize its substantial AI investments. Amazon jumps as AWS growth soothes fears over rising AI spending
• Positive Sentiment: Broad business momentum: North America sales rose 16%, advertising revenue climbed 26% to nearly $20 billion, and Prime Day activity helped support the retail business. Amazon also said AI demand remains strong, with CEO Andy Jassy describing future AWS capacity needs as “striking.” Amazon Thrives On Big Q2 For AI, Advertising Revenue Climbs
• Positive Sentiment: Analyst optimism intensified: JPMorgan raised its price target to $365 from $330 and maintained an Overweight rating. Truist lifted its target to $350 from $320, while Monness Crespi, Rosenblatt, KeyCorp, Baird, Bank of America and other firms also raised or reaffirmed bullish targets. J.P. Morgan raises Amazon price target
• Positive Sentiment: Zoox reached a commercial milestone: Amazon’s autonomous-vehicle unit received approval to begin charging for rides in its purpose-built, steering-wheel-free robotaxis, allowing limited deployment in Las Vegas. The move could create a long-term growth option, although safety advocates questioned the supporting data. Amazon’s Zoox to begin charging for rides in Las Vegas
• Neutral Sentiment: Investment returns remain under scrutiny: Amazon plans approximately $220 billion of 2026 capital spending, largely for AI infrastructure. Management sees demand exceeding available capacity, but the spending weighs on free cash flow and has raised questions about financing and future margins. Amazon will spend $220 billion this year
• Negative Sentiment: Near-term guidance was softer than expected: Amazon forecast third-quarter revenue of $197 billion to $202 billion, below the roughly $204.6 billion analyst consensus, creating a potential offset to the otherwise strong results.

About Amazon.com

Amazon.com, Inc is a diversified technology and retail company best known for its e-commerce marketplace and broad portfolio of consumer and enterprise services. Founded by Jeff Bezos in 1994 and headquartered in Seattle, Washington, the company launched as an online bookseller and expanded into a global retail platform that sells products directly to consumers and provides a marketplace for third-party sellers. Over time Amazon has grown beyond retail into areas including cloud computing, digital media, devices and logistics.

Key businesses and offerings include Amazon’s online marketplace and fulfillment services, the Amazon Prime membership program (which bundles expedited shipping with streaming and other benefits), Amazon Web Services (AWS) which supplies on-demand cloud computing and storage to businesses and public-sector customers, and a range of content and advertising services such as Prime Video and Amazon Advertising.