Amazon.com, Inc. (NASDAQ:AMZN) was down 1.2% during mid-day trading on Friday . The stock traded as low as $260.89 and last traded at $264.14. Approximately 40,500,928 shares traded hands during trading, a decline of 18% from the average daily volume of 49,317,176 shares. The stock had previously closed at $267.22.
More Amazon.com News
Here are the key news stories impacting Amazon.com this week:
- Positive Sentiment: Amazon’s AI strategy remains a major bullish driver, with coverage highlighting its shift toward “agentic commerce,” including replacing Rufus with an AI-powered Alexa shopping assistant and expanding AI tools across shopping and cloud. Amazon Unveils AI Search Overhaul To Defend Online Shopping Dominance
- Positive Sentiment: Analysts and investors continue to see Amazon’s AWS and capex-heavy AI buildout as a long-term growth engine, with several notes raising earnings expectations and price targets. Amazon vs. Alibaba: One Is Clearly The Better Value Play right Now (AMZN)
- Positive Sentiment: Amazon’s chart has also stayed technically strong, with the stock holding above a key breakout level, reinforcing momentum traders’ bullish case. Amazon Holds Breakout Above $252
- Positive Sentiment: Institutional interest is still supportive, with reports that hedge fund manager Seth Klarman made Amazon a top holding and ARK Investment Management added shares. ARK Investment Management boosts Amazon.com stake by 142,982 shares
- Neutral Sentiment: Amazon is in the middle of a broad market narrative around mega-cap tech and AI spending, which has kept investor attention high but also made the stock more sensitive to rate and valuation worries.
- Neutral Sentiment: Amazon is continuing to expand smaller-format Whole Foods stores and broader logistics capabilities, which supports the growth story but is not an immediate stock-moving catalyst. Whole Foods Market to Bring its Daily Shop Concept to Three New U.S. Markets
- Negative Sentiment: Amazon also announced more job cuts in its Selling Partner Services division, reinforcing investor concern that the company is still trimming costs as it leans harder into AI automation. Amazon cuts jobs in Selling Partner Services division – report
- Negative Sentiment: There is also some regulatory overhang, as U.S. lawmakers are probing Amazon’s AI data center power usage and possible effects on electricity bills and local grids. Lawmakers Probe Amazon AI Data Center Power Costs And Investor Risks
Analyst Upgrades and Downgrades
Several equities analysts have recently issued reports on AMZN shares. Telsey Advisory Group boosted their price objective on Amazon.com from $300.00 to $315.00 and gave the stock an “outperform” rating in a research report on Thursday, April 30th. Royal Bank Of Canada set a $320.00 price objective on Amazon.com and gave the stock an “outperform” rating in a research report on Thursday, April 30th. Canaccord Genuity Group boosted their price objective on Amazon.com from $300.00 to $330.00 and gave the stock a “buy” rating in a research report on Thursday, April 30th. Citizens Jmp reiterated a “market outperform” rating and set a $315.00 price objective on shares of Amazon.com in a research report on Friday, April 10th. Finally, Needham & Company LLC upped their target price on Amazon.com from $265.00 to $300.00 and gave the stock a “buy” rating in a research report on Thursday, April 30th. Fifty-seven equities research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. Based on data from MarketBeat.com, Amazon.com currently has a consensus rating of “Moderate Buy” and an average price target of $312.52.
Amazon.com Price Performance
The company has a fifty day simple moving average of $233.53 and a 200-day simple moving average of $230.43. The company has a debt-to-equity ratio of 0.27, a current ratio of 1.18 and a quick ratio of 1.01. The company has a market cap of $2.84 trillion, a P/E ratio of 31.60, a PEG ratio of 2.02 and a beta of 1.46.
Amazon.com (NASDAQ:AMZN – Get Free Report) last issued its earnings results on Wednesday, April 29th. The e-commerce giant reported $2.78 EPS for the quarter, topping the consensus estimate of $1.63 by $1.15. Amazon.com had a return on equity of 19.92% and a net margin of 12.22%.The business had revenue of $181.52 billion during the quarter, compared to analysts’ expectations of $177.28 billion. During the same quarter last year, the firm posted $1.59 earnings per share. Amazon.com’s revenue was up 16.6% compared to the same quarter last year. On average, sell-side analysts predict that Amazon.com, Inc. will post 7.71 earnings per share for the current year.
Insiders Place Their Bets
In other news, CEO Andrew R. Jassy sold 31,352 shares of the company’s stock in a transaction on Monday, May 4th. The shares were sold at an average price of $275.00, for a total value of $8,621,800.00. Following the transaction, the chief executive officer directly owned 2,175,766 shares of the company’s stock, valued at approximately $598,335,650. This represents a 1.42% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, SVP David Zapolsky sold 10,649 shares of the company’s stock in a transaction on Tuesday, February 24th. The stock was sold at an average price of $205.43, for a total transaction of $2,187,624.07. Following the completion of the transaction, the senior vice president directly owned 41,190 shares in the company, valued at $8,461,661.70. This trade represents a 20.54% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold a total of 190,593 shares of company stock valued at $46,081,241 over the last ninety days. Corporate insiders own 8.90% of the company’s stock.
Hedge Funds Weigh In On Amazon.com
Hedge funds have recently modified their holdings of the stock. Norges Bank bought a new stake in Amazon.com in the fourth quarter worth $32,868,735,000. Auto Owners Insurance Co boosted its holdings in Amazon.com by 27,376.7% in the fourth quarter. Auto Owners Insurance Co now owns 98,448,885 shares of the e-commerce giant’s stock worth $2,272,397,000 after purchasing an additional 98,090,585 shares in the last quarter. J. Stern & Co. LLP boosted its holdings in Amazon.com by 20,598.0% in the fourth quarter. J. Stern & Co. LLP now owns 87,982,814 shares of the e-commerce giant’s stock worth $20,308,193,000 after purchasing an additional 87,557,736 shares in the last quarter. Nuveen LLC bought a new stake in Amazon.com in the first quarter worth $11,674,091,000. Finally, Cardano Risk Management B.V. boosted its holdings in Amazon.com by 879.4% in the fourth quarter. Cardano Risk Management B.V. now owns 27,862,400 shares of the e-commerce giant’s stock worth $6,431,199,000 after purchasing an additional 25,017,588 shares in the last quarter. 72.20% of the stock is owned by institutional investors and hedge funds.
Amazon.com Company Profile
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.
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