Amazon.com (NASDAQ:AMZN) Trading Down 4.7% – Here’s Why

Amazon.com, Inc. (NASDAQ:AMZN) shares traded down 4.7% during trading on Monday . The stock traded as low as $232.24 and last traded at $232.79. 65,009,556 shares traded hands during trading, an increase of 35% from the average daily volume of 48,232,262 shares. The stock had previously closed at $244.39.

More Amazon.com News

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

• Positive Sentiment: Prime Day is helping lift Amazon as shoppers spend heavily across online retailers, reinforcing the event’s importance to revenue and consumer traffic. Reuters: US online spending hits $8.3 billion as Amazon Prime Day kicks off, Adobe says
• Positive Sentiment: Wall Street commentary continues to highlight Amazon’s attractive long-term setup, citing strong growth in AWS, ads, and Prime subscriptions as durable profit engines. 24/7 Wall St.: Wall Street Is Fixated on the Wrong Numbers
• Positive Sentiment: Cathie Wood’s ARK ETFs reportedly bought more Amazon shares, signaling renewed institutional confidence in the stock during the recent AI pullback. Blockonomi: ARK Invest Snaps Up Amazon and Big Tech Giants
• Positive Sentiment: Amazon is expanding its AI and cloud narrative, with AWS executives and analysts pointing to Bedrock, quantum computing, and agentic AI as catalysts for future enterprise growth. Zacks: Amazon Strengthens Bedrock Ecosystem
• Neutral Sentiment: Zoox redesigned its robotaxi for wider rollout and large-scale production, a positive long-term optionality story, but one that is still early-stage and not yet a near-term earnings driver. WSJ: Amazon’s Zoox Redesigns Robotaxi for Large-Scale Production
• Negative Sentiment: Some coverage warns that Prime Day spending may be more muted for households than the headline sales figures suggest, with inflation and tariffs still pressuring consumer budgets. Financial Post: Amazon Prime Day household spending down 16%, survey says
• Negative Sentiment: Amazon remains exposed to broader tech-sector volatility and ongoing AI spending concerns, which have pressured megacap stocks even as investors debate the payoff from rising infrastructure investment. Economic Times: AI spending fears hammer US tech giants

Analysts Set New Price Targets

Several research analysts recently weighed in on the company. Morgan Stanley boosted their target price on Amazon.com from $300.00 to $330.00 and gave the stock an “overweight” rating in a research note on Thursday, April 30th. Susquehanna reiterated a “positive” rating and issued a $325.00 price target (up from $300.00) on shares of Amazon.com in a research note on Thursday, April 30th. Moffett Nathanson raised their price target on Amazon.com from $283.00 to $288.00 and gave the stock a “buy” rating in a report on Tuesday, April 7th. Monness Crespi & Hardt boosted their price target on Amazon.com from $280.00 to $315.00 and gave the stock a “buy” rating in a research note on Thursday, April 30th. Finally, Robert W. Baird upped their price objective on shares of Amazon.com from $285.00 to $300.00 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 given a Hold rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $312.78.

Amazon.com Stock Up 0.1%

The firm has a market capitalization of $2.52 trillion, a price-to-earnings ratio of 28.02, a price-to-earnings-growth ratio of 1.74 and a beta of 1.45. The company has a debt-to-equity ratio of 0.27, a current ratio of 1.18 and a quick ratio of 1.01. The business has a fifty day moving average price of $256.40 and a two-hundred day moving average price of $234.12.

Amazon.com (NASDAQ:AMZN) last released its earnings results on Wednesday, April 29th. The e-commerce giant reported $2.78 EPS for the quarter, topping analysts’ consensus estimates of $1.63 by $1.15. Amazon.com had a return on equity of 19.92% and a net margin of 12.22%.The firm had revenue of $181.52 billion during the quarter, compared to the consensus estimate of $177.28 billion. During the same quarter in the previous year, the company posted $1.59 earnings per share. The company’s revenue was up 16.6% compared to the same quarter last year. On average, equities analysts expect 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, SVP David Zapolsky sold 9,270 shares of the company’s stock in a transaction on Friday, May 22nd. The shares were sold at an average price of $268.53, for a total value of $2,489,273.10. Following the sale, the senior vice president directly owned 41,190 shares of the company’s stock, valued at $11,060,750.70. This represents a 18.37% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Douglas J. Herrington sold 1,000 shares of the stock in a transaction on Monday, June 1st. The stock was sold at an average price of $266.19, for a total transaction of $266,190.00. Following the completion of the sale, the chief executive officer owned 485,527 shares in the company, valued at $129,242,432.13. The trade was a 0.21% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last 90 days, insiders sold 195,774 shares of company stock worth $51,614,434. Corporate insiders own 8.90% of the company’s stock.

Hedge Funds Weigh In On Amazon.com

A number of institutional investors have recently modified their holdings of the stock. Red Crane Wealth Management LLC lifted its stake in Amazon.com by 2.3% during the first quarter. Red Crane Wealth Management LLC now owns 1,663 shares of the e-commerce giant’s stock worth $346,000 after purchasing an additional 38 shares during the last quarter. Robinson Smith Wealth Advisors LLC lifted its holdings in Amazon.com by 0.7% in the first quarter. Robinson Smith Wealth Advisors LLC now owns 5,509 shares of the e-commerce giant’s stock worth $1,147,000 after acquiring an additional 40 shares during the last quarter. Sfam LLC lifted its holdings in Amazon.com by 3.4% in the first quarter. Sfam LLC now owns 1,224 shares of the e-commerce giant’s stock worth $255,000 after acquiring an additional 40 shares during the last quarter. Measured Risk Portfolios Inc. boosted its stake in Amazon.com by 3.4% in the first quarter. Measured Risk Portfolios Inc. now owns 1,206 shares of the e-commerce giant’s stock valued at $251,000 after acquiring an additional 40 shares during the period. Finally, CoreFirst Bank & Trust grew its holdings in shares of Amazon.com by 1.1% during the first quarter. CoreFirst Bank & Trust now owns 3,620 shares of the e-commerce giant’s stock valued at $754,000 after purchasing an additional 40 shares during the last quarter. Hedge funds and other 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.