Amazon.com, Inc. (NASDAQ:AMZN – Get Free Report) fell 1.7% during mid-day trading on Wednesday. The stock traded as low as $265.62 and last traded at $266.17. 36,979,320 shares were traded during trading, a decline of 21% from the average session volume of 46,712,500 shares. The stock had previously closed at $270.87.
Top Amazon.com Stories
Here are a few of the latest stories about AMZN:
- Neutral Sentiment: Anthropic’s planned IPO could increase the estimated value of Amazon’s stake and reinforce AWS business, since Anthropic is a major cloud customer. Any prospective stake valuation is uncertain, however, and does not itself guarantee cash proceeds for Amazon. Anthropic’s Trillion-Dollar IPO Could Give Cloud Giants a Double Win
- Negative Sentiment: The AI infrastructure buildout is pressuring free cash flow. Amazon expects about $220 billion in 2026 capital expenditures, so investors may remain concerned about whether future AWS returns will justify the spending. Will Rising AI Capex Weigh on Amazon’s Free Cash Flow Prospects?
- Negative Sentiment: A federal judge certified a class action alleging Amazon Photos collected and stored biometric data without required notice and consent, adding potential legal and reputational risk. Class Action Certified Over Alleged Biometric Data Collection
Analyst Upgrades and Downgrades
A number of equities research analysts have recently issued reports on the stock. UBS Group reissued a “buy” rating and set a $348.00 price objective (up from $318.00) on shares of Amazon.com in a research report on Monday, October 26th. Yorkville Ives began coverage on Amazon.com in a report on Monday, October 19th. They issued an “outperform” rating and a $300.00 target price on the stock. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Amazon.com in a report on Friday, October 30th. Evercore reiterated an “outperform” rating on shares of Amazon.com in a research report on Friday, October 30th. Finally, Rosenblatt Securities reissued a “buy” rating and set a $360.00 price target on shares of Amazon.com in a report on Friday, October 30th. Two investment analysts have rated the stock with a Strong Buy rating, fifty-five have assigned a Buy rating and three have assigned a Hold rating to the company. According to data from MarketBeat.com, Amazon.com presently has a consensus rating of “Moderate Buy” and an average price target of $321.74.
Get Our Latest Analysis on AMZN
Amazon.com Stock Performance
The company has a market cap of $2.88 trillion, a PE ratio of 21.52, a PEG ratio of 2.03 and a beta of 1.49. The company has a current ratio of 0.99, a quick ratio of 0.82 and a debt-to-equity ratio of 0.28. The business’s 50 day moving average is $254.19 and its two-hundred day moving average is $243.93.
Amazon.com (NASDAQ:AMZN – Get Free Report) last posted its quarterly earnings results on Thursday, October 29th. The e-commerce giant reported $1.89 EPS for the quarter, missing analysts’ consensus estimates of $1.97 by ($0.08). Amazon.com had a net margin of 16.90% and a return on equity of 15.72%. The business had revenue of $201.94 billion for the quarter, compared to the consensus estimate of $202.22 billion. During the same period in the prior year, the business earned $1.95 earnings per share. Amazon.com’s revenue was up 12.1% compared to the same quarter last year. On average, equities research analysts anticipate that Amazon.com, Inc. will post 7.80 EPS for the current year.
Insider Activity
In related news, CEO Andrew Jassy sold 20,000 shares of Amazon.com stock in a transaction that occurred on Friday, August 21st. The stock was sold at an average price of $259.01, for a total transaction of $5,180,200.00. Following the sale, the chief executive officer owned 2,235,766 shares of the company’s stock, valued at approximately $579,085,751.66. This trade represents a 0.89% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, 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 9,258 shares of the business’s stock in a transaction that occurred on Monday, August 24th. The stock was sold at an average price of $259.77, for a total value of $2,404,950.66. Following the completion of the transaction, the senior vice president directly owned 41,190 shares in the company, valued at approximately $10,699,926.30. This represents a 18.35% decrease in their ownership of the stock. 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 have sold a total of 71,589 shares of company stock valued at $18,545,595 in the last three months. 8.90% of the stock is currently owned by insiders.
Institutional Inflows and Outflows
Several hedge funds and other institutional investors have recently made changes to their positions in AMZN. Silvant Capital Management LLC purchased a new position in Amazon.com during the second quarter worth $60,065,000. Public Employees Retirement System of Ohio purchased a new stake in shares of Amazon.com in the second quarter valued at $909,868,000. Northstar Financial Companies Inc. purchased a new stake in shares of Amazon.com in the second quarter valued at $3,376,000. Gryphon Financial Partners LLC lifted its holdings in shares of Amazon.com by 7.5% in the 1st quarter. Gryphon Financial Partners LLC now owns 73,085 shares of the e-commerce giant’s stock worth $15,221,000 after acquiring an additional 5,125 shares during the last quarter. Finally, First Citizens Bank & Trust Co. lifted its holdings in shares of Amazon.com by 1.7% in the 1st quarter. First Citizens Bank & Trust Co. now owns 303,862 shares of the e-commerce giant’s stock worth $63,285,000 after acquiring an additional 5,104 shares during the last quarter. Institutional investors own 72.20% of the company’s stock.
Amazon.com Company Profile
Amazon.com, Inc. is a technology and e-commerce company founded by Jeff Bezos in 1994 as an online bookstore. It has since grown into a global business serving consumers, sellers, developers, enterprises and content creators. Amazon operates online stores and marketplaces, where it sells products directly and enables third-party sellers to reach customers. Its other businesses include Amazon Web Services, which provides cloud computing and related services; digital advertising; Prime memberships; and entertainment offerings such as streaming video and music.
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