Shares of Amazon.com, Inc. (NASDAQ:AMZN) were up 2.5% during trading on Wednesday . The stock traded as high as $272.41 and last traded at $271.85. Approximately 39,694,966 shares were traded during trading, a decline of 18% from the average daily volume of 48,376,199 shares. The stock had previously closed at $265.29.
More Amazon.com News
Here are the key news stories impacting Amazon.com this week:
- Positive Sentiment: Amazon’s AWS and AI businesses are getting fresh bullish attention, including reports of strong cloud momentum and a large AI-related backlog that could support revenue growth. Article Title
- Positive Sentiment: Snowflake’s $6 billion commitment to AWS is seen as validating Amazon’s cloud and AI infrastructure leadership, lifting sentiment around AMZN. Article Title
- Positive Sentiment: Analysts and investors continue to call Amazon a long-term AI winner, with bullish notes and high-conviction portfolio moves adding to the stock’s upward momentum. Article Title
- Neutral Sentiment: Amazon shut down an internal AI leaderboard to stop employees from chasing usage scores, signaling tighter cost control around AI spending rather than a direct business setback. Article Title
- Negative Sentiment: Australia’s regulator sued Amazon’s local unit over alleged product safety-label violations, creating a modest legal and compliance risk. Article Title
Analyst Upgrades and Downgrades
Several analysts have recently commented on AMZN shares. Benchmark lifted their price target on shares of Amazon.com from $275.00 to $370.00 and gave the company a “buy” rating in a research report on Thursday, April 30th. Royal Bank Of Canada set a $320.00 target price on shares of Amazon.com and gave the company an “outperform” rating in a report on Thursday, April 30th. President Capital dropped their target price on shares of Amazon.com from $320.00 to $296.00 and set a “buy” rating for the company in a report on Tuesday, February 10th. The Goldman Sachs Group reiterated a “buy” rating and issued a $325.00 target price (up from $275.00) on shares of Amazon.com in a report on Thursday, April 30th. Finally, Oppenheimer lifted their target price on shares of Amazon.com from $275.00 to $320.00 and gave the company an “outperform” rating in a report on Thursday, April 30th. Fifty-seven research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $312.83.
Amazon.com Stock Performance
The company has a quick ratio of 1.01, a current ratio of 1.18 and a debt-to-equity ratio of 0.27. The company has a market cap of $2.91 trillion, a PE ratio of 32.35, a P/E/G ratio of 2.04 and a beta of 1.46. The stock’s 50 day simple moving average is $244.17 and its two-hundred day simple moving average is $232.34.
Amazon.com (NASDAQ:AMZN – Get Free Report) last posted its quarterly earnings results on Wednesday, April 29th. The e-commerce giant reported $2.78 earnings per share for the quarter, topping analysts’ consensus estimates of $1.63 by $1.15. Amazon.com had a net margin of 12.22% and a return on equity of 19.92%. The company had revenue of $181.52 billion for the quarter, compared to the consensus estimate 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% on a year-over-year basis. As a group, research analysts anticipate that Amazon.com, Inc. will post 7.71 earnings per share for the current year.
Insider Buying and Selling at Amazon.com
In other news, CEO Andrew R. Jassy sold 31,352 shares of the firm’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 owned 2,175,766 shares of the company’s stock, valued at approximately $598,335,650. This trade represents a 1.42% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Matthew S. Garman sold 15,467 shares of the firm’s stock in a transaction on Thursday, May 21st. The shares were sold at an average price of $263.40, for a total transaction of $4,074,007.80. Following the completion of the transaction, the chief executive officer directly owned 14,159 shares in the company, valued at approximately $3,729,480.60. This represents a 52.21% 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. In the last quarter, insiders sold 195,774 shares of company stock worth $51,552,494. 8.90% of the stock is currently owned by insiders.
Hedge Funds Weigh In On Amazon.com
A number of hedge funds have recently made changes to their positions in AMZN. Norges Bank acquired a new position in Amazon.com during the 4th quarter worth $32,868,735,000. Auto Owners Insurance Co grew its holdings in Amazon.com by 27,376.7% during the 4th quarter. Auto Owners Insurance Co now owns 98,448,885 shares of the e-commerce giant’s stock worth $2,272,397,000 after acquiring an additional 98,090,585 shares in the last quarter. J. Stern & Co. LLP increased its holdings in shares of Amazon.com by 20,598.0% in the 4th quarter. J. Stern & Co. LLP now owns 87,982,814 shares of the e-commerce giant’s stock valued at $20,308,193,000 after acquiring an additional 87,557,736 shares during the last quarter. Nuveen LLC bought a new stake in shares of Amazon.com in the 1st quarter valued at approximately $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 during the period. Hedge funds and other institutional investors own 72.20% of the company’s stock.
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.
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