Amazon.com (NASDAQ:AMZN) Shares Down 3.5% – What’s Next?

Amazon.com, Inc. (NASDAQ:AMZN)’s stock price was down 3.5% during trading on Monday . The company traded as low as $260.70 and last traded at $261.26. Approximately 52,737,231 shares traded hands during trading, an increase of 9% from the average daily volume of 48,406,945 shares. The stock had previously closed at $270.64.

Amazon.com News Roundup

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

• Positive Sentiment: Amazon’s Prime Day 2026 has been moved up to June 23-26 and expanded to a four-day event, with Alexa AI tools helping shoppers find deals. Investors may see this as a near-term sales and engagement boost for Amazon’s retail business. Article: Amazon moves Prime Day back to June, keeps it a four-day event
• Positive Sentiment: Wolfe Research reaffirmed its Outperform rating and $320 price target, citing upside from Amazon Supply Chain Services and broader supply-chain growth potential, which supports the long-term earnings story. Article: Wolfe Research Reaffirms Outperform on Amazon (AMZN)
• Positive Sentiment: Bank of America said Amazon’s low Earth orbit satellite project is nearing revenue generation, adding another possible future growth driver beyond e-commerce and AWS. Article: Amazon’s satellite internet project seen as significant revenue opportunity by Bank of America
• Positive Sentiment: Amazon launched Prime in South Africa at a low monthly price, signaling continued international expansion and potential subscriber growth. Article: Amazon launches Prime in South Africa for under $4 a month
• Positive Sentiment: Amazon overtook Walmart to become the No. 1 company on the Fortune 500, reinforcing its scale and market leadership. Article: Amazon overthrows Walmart to become Fortune 500’s top company
• Neutral Sentiment: Amazon continues to draw bullish mentions from analysts and market commentators, with some articles highlighting the stock as attractive despite its strong multi-year rally. Article: Wall Street Bulls Look Optimistic About Amazon (AMZN)
• Negative Sentiment: Amazon is facing fresh regulatory and legal pressure, including a privacy class action over Ring facial recognition features and EU cloud procurement scrutiny that could limit AWS’s access to some government contracts. Article: Amazon Faces Data Scrutiny While Shares Trade Below Analyst Valuation Targets

Analyst Ratings Changes

AMZN has been the subject of a number of research analyst reports. Robert W. Baird increased their target price on Amazon.com from $285.00 to $300.00 and gave the company an “outperform” rating in a report on Thursday, April 30th. Wells Fargo & Company set a $312.00 target price on shares of Amazon.com and gave the stock an “overweight” rating in a research report on Wednesday, May 20th. Canaccord Genuity Group raised their price target on Amazon.com from $300.00 to $330.00 and gave the company a “buy” rating in a research report on Thursday, April 30th. Roth Mkm raised their price target on Amazon.com from $285.00 to $300.00 and gave the company a “buy” rating in a research report on Thursday, April 30th. Finally, Monness Crespi & Hardt increased their target price on shares of Amazon.com from $280.00 to $315.00 and gave the company a “buy” rating in a research note on Thursday, April 30th. Fifty-seven investment analysts have rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $312.52.

Amazon.com Stock Down 1.8%

The business’s fifty day simple moving average is $246.43 and its 200 day simple moving average is $232.58. The company has a current ratio of 1.18, a quick ratio of 1.01 and a debt-to-equity ratio of 0.27. The stock has a market cap of $2.76 trillion, a price-to-earnings ratio of 30.68, a price-to-earnings-growth ratio of 1.96 and a beta of 1.44.

Amazon.com (NASDAQ:AMZN) last announced 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. The company had revenue of $181.52 billion for the quarter, compared to analysts’ expectations of $177.28 billion. Amazon.com had a net margin of 12.22% and a return on equity of 19.92%. The business’s quarterly revenue was up 16.6% compared to the same quarter last year. During the same period last year, the firm posted $1.59 earnings per share. Equities analysts forecast that Amazon.com, Inc. will post 7.71 earnings per share for the current fiscal year.

Insider Buying and Selling

In other Amazon.com news, CEO Andrew R. Jassy sold 20,000 shares of the 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 transaction, the chief executive officer owned 2,205,766 shares in the company, valued at $581,042,879.72. This represents a 0.90% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, VP Shelley Reynolds sold 2,363 shares of the stock in a transaction that occurred on Thursday, May 21st. The stock was sold at an average price of $262.38, for a total transaction of $620,003.94. Following the sale, the vice president owned 119,780 shares in the company, valued at $31,427,876.40. This represents a 1.93% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold 194,774 shares of company stock worth $51,348,244 in the last 90 days. 8.90% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Amazon.com

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Fairway Wealth LLC increased its position in shares of Amazon.com by 113.2% during the third quarter. Fairway Wealth LLC now owns 113 shares of the e-commerce giant’s stock worth $25,000 after acquiring an additional 60 shares in the last quarter. Sellwood Investment Partners LLC purchased a new stake in shares of Amazon.com during the 3rd quarter valued at approximately $27,000. MilWealth Group LLC lifted its stake in shares of Amazon.com by 79.0% during 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. purchased a new stake in shares of Amazon.com during the 4th quarter valued at approximately $45,000. Finally, Elkhorn Partners Limited Partnership lifted its stake in Amazon.com by 900.0% in the 4th quarter. Elkhorn Partners Limited Partnership now owns 200 shares of the e-commerce giant’s stock worth $46,000 after purchasing an additional 180 shares in the last quarter. 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.