Amazon.com (NASDAQ:AMZN) Trading 1.3% Higher – Here’s What Happened

Amazon.com, Inc. (NASDAQ:AMZN)’s share price was up 1.3% during mid-day trading on Thursday . The stock traded as high as $269.49 and last traded at $268.46. Approximately 36,403,198 shares were traded during trading, a decline of 25% from the average daily volume of 48,786,016 shares. The stock had previously closed at $265.01.

Key Amazon.com News

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

• Positive Sentiment: Wall Street commentary remains constructive, with multiple analysts and articles arguing Amazon can rally further on AWS strength, AI infrastructure demand, and improving monetization across cloud and retail. Why Wall Street Thinks Amazon Stock Can Rally 40% to $370
• Positive Sentiment: Bank of America said Amazon’s new Alexa for Shopping could become a major long-term retail growth driver and help defend e-commerce share against AI competitors. Amazon’s Alexa for Shopping seen driving long-term retail growth
• Positive Sentiment: Fresh bullish notes and investor chatter continue to frame Amazon as an underappreciated AI winner, supporting sentiment around AWS, logistics, and custom chips. Analysts Express Optimism on Amazon (AMZN) Amid AWS and AI Growth
• Neutral Sentiment: Jeff Bezos made headlines with comments on taxes, AI spending, and politics, but those remarks are more about public narrative than Amazon’s near-term operations. Bezos interview on taxes and politics
• Neutral Sentiment: Several insiders, including AWS CEO Matthew Garman and retail chief Douglas Herrington, sold shares under pre-arranged trading plans; notable, but not usually a sign of fundamental weakness. Matthew Garman sells Amazon shares
• Negative Sentiment: Amazon is still facing legal and reputational overhangs, including a class-action lawsuit tied to tariff-related pricing claims, which could create some investor caution. Amazon lawsuit adds new risk layer to valuation and share momentum

Analyst Upgrades and Downgrades

Several equities research analysts have issued reports on AMZN shares. TD Securities upgraded Amazon.com to a “buy” rating in a report on Monday, April 13th. Weiss Ratings upgraded Amazon.com from a “buy (b-)” rating to a “buy (b)” rating in a report on Wednesday, May 6th. Tigress Financial lifted their price objective on Amazon.com from $305.00 to $315.00 and gave the stock a “buy” rating in a report on Wednesday, March 25th. Pivotal Research restated a “buy” rating and set a $320.00 price objective (up from $300.00) on shares of Amazon.com in a report on Thursday, April 30th. Finally, Monness Crespi & Hardt lifted their price objective on Amazon.com from $280.00 to $315.00 and gave the stock a “buy” rating in a report on Thursday, April 30th. Fifty-seven equities research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. According to MarketBeat.com, Amazon.com has a consensus rating of “Moderate Buy” and a consensus target price of $312.66.

Amazon.com Stock Up 1.3%

The company has a debt-to-equity ratio of 0.27, a quick ratio of 1.01 and a current ratio of 1.18. The firm has a market capitalization of $2.89 trillion, a P/E ratio of 32.11, a P/E/G ratio of 1.94 and a beta of 1.46. The stock has a fifty day moving average price of $237.34 and a two-hundred day moving average price of $231.45.

Amazon.com (NASDAQ:AMZN) last announced its quarterly earnings data on Wednesday, April 29th. The e-commerce giant reported $2.78 earnings per share for the quarter, beating analysts’ consensus estimates of $1.63 by $1.15. The business had revenue of $181.52 billion during the quarter, compared to the consensus estimate of $177.28 billion. Amazon.com had a net margin of 12.22% and a return on equity of 19.92%. The company’s revenue for the quarter was up 16.6% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $1.59 EPS. Research analysts forecast that Amazon.com, Inc. will post 7.71 EPS for the current year.

Insider Buying and Selling

In other Amazon.com news, CEO Douglas J. Herrington sold 27,500 shares of Amazon.com stock in a transaction that occurred on Monday, May 4th. The stock was sold at an average price of $275.00, for a total value of $7,562,500.00. Following the completion of the transaction, the chief executive officer directly owned 471,361 shares in the company, valued at $129,624,275. The trade was a 5.51% decrease in their ownership of the stock. 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 17,751 shares of Amazon.com stock in a transaction that occurred on Monday, February 23rd. The shares were sold at an average price of $205.22, for a total value of $3,642,860.22. Following the completion of the transaction, the chief executive officer owned 9,405 shares of the company’s stock, valued at approximately $1,930,094.10. The trade was a 65.37% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last ninety days, insiders have sold 201,026 shares of company stock valued at $49,128,874. 8.90% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of the company. Vanguard Group Inc. grew its position in Amazon.com by 1.1% in the 1st quarter. Vanguard Group Inc. now owns 832,274,556 shares of the e-commerce giant’s stock worth $158,348,557,000 after purchasing an additional 8,913,959 shares during the last quarter. State Street Corp grew its stake in shares of Amazon.com by 1.8% in the fourth quarter. State Street Corp now owns 388,653,121 shares of the e-commerce giant’s stock worth $89,708,913,000 after purchasing an additional 6,971,680 shares in the last quarter. Geode Capital Management LLC grew its stake in shares of Amazon.com by 1.1% in the fourth quarter. Geode Capital Management LLC now owns 225,120,994 shares of the e-commerce giant’s stock worth $51,753,622,000 after purchasing an additional 2,479,324 shares in the last quarter. Norges Bank bought a new position in shares of Amazon.com in the fourth quarter worth $32,868,735,000. Finally, Auto Owners Insurance Co grew its stake in shares of 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. Institutional investors own 72.20% of the company’s stock.

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.