Amazon.com (NASDAQ:AMZN) Stock Price Up 1.5% – Time to Buy?

Amazon.com, Inc. (NASDAQ:AMZN) traded up 1.5% during mid-day trading on Thursday . The stock traded as high as $255.83 and last traded at $253.79. 35,509,578 shares traded hands during trading, a decline of 26% from the average session volume of 48,259,172 shares. The stock had previously closed at $250.02.

More Amazon.com News

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

• Positive Sentiment: Amazon unveiled a new AI-powered warehouse robot and a €10 billion expansion of its European fulfillment network, which could improve shipping speed, lower costs, and support margin growth. Article Title
• Positive Sentiment: Pinterest signed a $4 billion AWS cloud deal through 2031, highlighting continued demand for Amazon Web Services and reinforcing AWS’s role in enterprise AI infrastructure. Article Title
• Positive Sentiment: Truist raised its price target on Amazon and reiterated a Buy rating, while other recent commentary pointed to strong AWS growth, rising chip-related revenues, and growing AI optionality. Article Title
• Positive Sentiment: Amazon overtook Walmart to become the largest U.S. company by revenue, underscoring its scale and the strength of its retail and cloud engines. Article Title
• Positive Sentiment: Multiple articles framed Amazon as a major beneficiary of the AI buildout, with commentary emphasizing AWS, custom chips, advertising, and subscriptions as high-margin growth drivers. Article Title
• Neutral Sentiment: Amazon launched Prime in South Africa at a low monthly price, a positive international expansion but one that is likely too small to materially move the stock in the short term. Article Title
• Negative Sentiment: Amazon CEO Douglas Herrington sold 1,000 shares in a pre-planned transaction, adding to short-term caution around insider selling even though the trade was under a Rule 10b5-1 plan. Article Title
• Negative Sentiment: Amazon faces continued scrutiny over AI/data-center expansion, including pushback from Seattle engineers and local officials, which could create reputational and regulatory overhangs. Article Title

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on the stock. Evercore upped their price objective on shares of Amazon.com from $285.00 to $315.00 and gave the company an “outperform” rating in a report on Thursday, April 30th. Piper Sandler reaffirmed an “overweight” rating and issued a $315.00 target price (up from $260.00) on shares of Amazon.com in a research report on Thursday, April 30th. Citizens Jmp reiterated a “market outperform” rating and issued a $315.00 price target on shares of Amazon.com in a report on Friday, April 10th. Cantor Fitzgerald reissued an “overweight” rating and issued a $330.00 price objective (up from $280.00) on shares of Amazon.com in a research note on Thursday, April 30th. Finally, President Capital decreased their price objective on Amazon.com from $320.00 to $296.00 and set a “buy” rating for the company in a report on Tuesday, February 10th. Fifty-seven investment analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, Amazon.com currently has an average rating of “Moderate Buy” and an average price target of $312.52.

Amazon.com Price Performance

The firm has a market cap of $2.73 trillion, a P/E ratio of 30.36, a P/E/G ratio of 1.92 and a beta of 1.44. The company has a fifty day moving average of $248.25 and a 200-day moving average of $232.76. The company has a debt-to-equity ratio of 0.27, a current ratio of 1.18 and a quick ratio of 1.01.

Amazon.com (NASDAQ:AMZN) last posted its quarterly earnings data on Wednesday, April 29th. The e-commerce giant reported $2.78 earnings per share (EPS) 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 firm had revenue of $181.52 billion for the quarter, compared to the consensus estimate of $177.28 billion. During the same period in the previous year, the firm earned $1.59 EPS. The business’s revenue for the quarter was up 16.6% compared to the same quarter last year. On average, sell-side analysts anticipate that Amazon.com, Inc. will post 7.71 EPS for the current fiscal year.

Insider Activity

In other Amazon.com news, CEO Andrew R. Jassy sold 31,352 shares of the company’s stock in a transaction dated 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 completion of the sale, 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 position. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Matthew S. Garman sold 15,467 shares of the stock in a transaction dated 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 sale, the chief executive officer owned 14,159 shares of the company’s stock, valued at approximately $3,729,480.60. This trade represents a 52.21% 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 have sold a total of 195,774 shares of company stock valued at $51,614,434 in the last three months. 8.90% of the stock is owned by company insiders.

Institutional Trading of Amazon.com

A number of hedge funds have recently bought and sold shares of the business. Brighton Jones LLC raised its position in shares of Amazon.com by 10.9% in the fourth quarter. Brighton Jones LLC now owns 4,036,091 shares of the e-commerce giant’s stock valued at $885,478,000 after purchasing an additional 397,007 shares during the period. Revolve Wealth Partners LLC boosted its holdings in Amazon.com by 4.1% in the 4th quarter. Revolve Wealth Partners LLC now owns 25,045 shares of the e-commerce giant’s stock worth $5,495,000 after buying an additional 986 shares during the period. Bank Pictet & Cie Europe AG boosted its holdings in Amazon.com by 2.8% in the 4th quarter. Bank Pictet & Cie Europe AG now owns 2,016,869 shares of the e-commerce giant’s stock worth $442,481,000 after buying an additional 54,987 shares during the period. Highview Capital Management LLC DE grew its stake in Amazon.com by 5.5% in the 4th quarter. Highview Capital Management LLC DE now owns 28,975 shares of the e-commerce giant’s stock valued at $6,357,000 after buying an additional 1,518 shares in the last quarter. Finally, Liberty Square Wealth Partners LLC purchased a new position in Amazon.com in the 4th quarter valued at approximately $2,153,000. 72.20% of the stock is currently owned by institutional investors.

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.