Amazon.com (NASDAQ:AMZN) Given New $310.00 Price Target at Cantor Fitzgerald

Amazon.com (NASDAQ:AMZN) had its price target cut by Cantor Fitzgerald from $320.00 to $310.00 in a research report report published on Monday,Benzinga reports. They currently have an overweight rating on the e-commerce giant’s stock.

AMZN has been the subject of several other reports. Phillip Securities cut Amazon.com from a “strong-buy” rating to a “moderate buy” rating in a research report on Monday, August 3rd. Benchmark boosted their price target on Amazon.com from $370.00 to $400.00 and gave the company a “buy” rating in a report on Friday, July 31st. Telsey Advisory Group set a $335.00 price objective on Amazon.com and gave the stock an “outperform” rating in a research report on Friday, July 31st. Wells Fargo & Company set a $329.00 price objective on shares of Amazon.com and gave the stock an “overweight” rating in a research note on Monday. Finally, TD Cowen reaffirmed a “buy” rating and set a $350.00 price objective on shares of Amazon.com in a research note on Monday, October 5th. Fifty-six equities research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. Based on data from MarketBeat, Amazon.com presently has a consensus rating of “Moderate Buy” and a consensus price target of $322.53.

Amazon.com Price Performance

Shares of AMZN opened at $259.53 on Monday. The business’s 50-day moving average is $258.34 and its two-hundred day moving average is $250.53. The company has a market capitalization of $2.80 trillion, a P/E ratio of 20.88, a P/E/G ratio of 2.03 and a beta of 1.45. The company has a debt-to-equity ratio of 0.23, a quick ratio of 0.87 and a current ratio of 1.03. Amazon.com has a fifty-two week low of $196.00 and a fifty-two week high of $287.20.

Amazon.com (NASDAQ:AMZN) last released its quarterly earnings data on Thursday, July 30th. The e-commerce giant reported $5.75 earnings per share for the quarter, beating analysts’ consensus estimates of $1.82 by $3.93. The business had revenue of $200.61 billion during 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 company’s revenue was up 19.6% on a year-over-year basis. During the same quarter last year, the business posted $1.68 EPS. Research analysts predict that Amazon.com will post 8.03 earnings per share for the current year.

Insider Activity

In related news, CEO Andrew R. Jassy sold 20,000 shares of Amazon.com stock in a transaction dated Friday, August 21st. The stock was sold at an average price of $259.01, for a total value of $5,180,200.00. Following the sale, the chief executive officer directly owned 2,235,766 shares in the company, valued at approximately $579,085,751.66. The trade was a 0.89% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Douglas J. Herrington sold 6,362 shares of Amazon.com stock in a transaction dated Friday, August 21st. The stock was sold at an average price of $259.01, for a total value of $1,647,821.62. Following the completion of the sale, the chief executive officer owned 476,681 shares in the company, valued at approximately $123,465,145.81. The trade was a 1.32% decrease in their ownership of the stock. 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. Over the last 90 days, insiders have sold 71,589 shares of company stock worth $18,580,515. Company insiders own 8.90% of the company’s stock.

Hedge Funds Weigh In On Amazon.com

Several hedge funds and other institutional investors have recently made changes to their positions in the company. State Street Corp raised its position in shares of Amazon.com by 5.5% in the second quarter. State Street Corp now owns 411,848,346 shares of the e-commerce giant’s stock valued at $95,504,904,000 after buying an additional 21,398,025 shares during the last quarter. Bank of America Corp DE purchased a new position in shares of Amazon.com in the second quarter worth about $22,218,775,000. Bank of New York Mellon Corp acquired a new position in Amazon.com during the second quarter worth about $16,341,405,000. Amundi boosted its position in Amazon.com by 3.9% during the second quarter. Amundi now owns 63,822,242 shares of the e-commerce giant’s stock worth $15,211,393,000 after acquiring an additional 2,421,739 shares during the last quarter. Finally, Invesco Ltd. grew its stake in Amazon.com by 3.3% during the 4th quarter. Invesco Ltd. now owns 59,604,857 shares of the e-commerce giant’s stock valued at $13,757,993,000 after acquiring an additional 1,879,630 shares in the last quarter. Hedge funds and other institutional investors own 72.20% of the company’s stock.

Trending Headlines about Amazon.com

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

• Positive Sentiment: Amazon is reportedly in talks to acquire AI startup Decart for approximately $7 billion. Decart’s software helps developers move workloads between different AI chips, potentially strengthening Amazon Web Services, its custom-chip strategy and its competitive position in generative AI. The deal remains uncertain and could still collapse. Amazon in Talks to Buy AI Startup Decart for Around $7 Billion
• Positive Sentiment: Analyst coverage remains broadly supportive. Reports citing 58 analysts showed no sell ratings, while Cantor Fitzgerald maintained an “overweight” rating and a $310 target, implying substantial upside despite trimming its target from $320. Amazon.com Price Target Lowered to $310 From $320
• Positive Sentiment: Several bullish analyses point to accelerating AWS growth, a growing advertising business and a large cloud backlog as reasons Amazon’s higher-margin businesses could support long-term earnings growth. Why It’s Time to Load Up on Amazon Stock
• Neutral Sentiment: Amazon’s reported AI ambitions include continued work with Anthropic, possible AI-startup investments and a potential satellite-internet bundle with Prime. These initiatives could expand its ecosystem, but they are longer-term opportunities without immediate earnings impact. Amazon Could Bundle Satellite Internet With Prime
• Negative Sentiment: Investors remain concerned about the scale of Amazon’s AI infrastructure spending. Amazon, Microsoft, Meta and Alphabet are expected to spend roughly $750 billion on capital expenditures this year, raising questions about free-cash-flow pressure and the returns on those investments. The Staggering Costs of a Single Data Center
• Negative Sentiment: Amazon is also reportedly considering an $8 billion financing structure for Nvidia AI chips, which could make spending more asset-light but underscores the enormous cost of its AI buildout. Amazon Wants Investors to Finance $8 Billion of Nvidia Chips
• Negative Sentiment: Amazon-specific commentary has highlighted a more challenging economic backdrop and a rating downgrade, while technology stocks broadly declined during the session, adding pressure to AMZN regardless of its company-specific catalysts. Amazon: The Economic Challenge Gets Bigger

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.