Amazon.com (NASDAQ:AMZN) Stock Price Down 1.8% – Here’s Why

Shares of Amazon.com, Inc. (NASDAQ:AMZN) dropped 1.8% during mid-day trading on Tuesday . The stock traded as low as $260.70 and last traded at $256.5110. Approximately 53,317,766 shares changed hands during trading, an increase of 44% from the average daily volume of 36,973,208 shares. The stock had previously closed at $261.26.

Amazon.com News Roundup

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

• Positive Sentiment: Amazon’s Prime Day will run June 23-26 and is being moved earlier than usual, giving investors a near-term catalyst for higher e-commerce sales and Prime sign-ups. The company also said Alexa AI will help power shopping, which could boost engagement. Article Title
• Positive Sentiment: Amazon overtook Walmart to become the largest U.S. company by revenue in 2025, highlighting strong top-line growth and reinforcing the company’s scale advantage. Article Title
• Positive Sentiment: Analysts and market commentary continue to point to AWS, advertising, subscriptions, and AI as long-term growth drivers, with multiple firms reiterating bullish ratings and price targets well above current levels. Article Title
• Neutral Sentiment: Amazon announced AI-generated product images in its shopping app and launched Prime in South Africa, both of which are strategic moves but not immediate stock catalysts. Article Title Article Title
• Negative Sentiment: Amazon shares are being weighed by broad tech-sector selling, with the Nasdaq falling and big tech under pressure across the market. Article Title
• Negative Sentiment: CEO Douglas Herrington sold 1,000 shares under a pre-arranged trading plan, and Amazon insiders have been net sellers over the past six months, which can weigh on sentiment. Article Title
• Negative Sentiment: New headlines on Ring facial-recognition lawsuits and possible EU cloud procurement restrictions add regulatory and privacy overhangs for AWS and connected devices. Article Title Article Title

Analyst Ratings Changes

AMZN has been the subject of several recent analyst reports. Bank of America lifted their price target on Amazon.com from $298.00 to $310.00 and gave the company a “buy” rating in a research note on Thursday, April 30th. The Goldman Sachs Group reiterated a “buy” rating and set a $325.00 price target (up from $275.00) on shares of Amazon.com in a research report on Thursday, April 30th. Arete Research raised their price objective on Amazon.com from $301.00 to $310.00 and gave the company a “buy” rating in a report on Monday, May 18th. TD Cowen restated a “buy” rating and issued a $350.00 price objective on shares of Amazon.com in a research report on Tuesday, May 12th. Finally, Citigroup reaffirmed a “market outperform” rating on shares of Amazon.com in a research note on Monday. 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 presently has an average rating of “Moderate Buy” and a consensus target price of $312.52.

Amazon.com Stock Performance

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’s 50-day moving average price is $248.25 and its two-hundred day moving average price is $232.76. The stock has a market cap of $2.69 trillion, a price-to-earnings ratio of 29.91, a PEG ratio of 1.92 and a beta of 1.44.

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

Insider Buying and Selling at Amazon.com

In related news, CEO Andrew R. Jassy sold 20,000 shares of the stock in a transaction that occurred on Thursday, May 21st. The stock was sold at an average price of $263.42, for a total value of $5,268,400.00. Following the completion of the transaction, the chief executive officer directly owned 2,205,766 shares in the company, valued at approximately $581,042,879.72. This represents a 0.90% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, VP Shelley Reynolds sold 2,363 shares of the firm’s stock in a transaction on Thursday, May 21st. The stock was sold at an average price of $262.38, for a total value of $620,003.94. Following the sale, the vice president directly owned 119,780 shares of the company’s stock, valued at approximately $31,427,876.40. This trade represents a 1.93% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last three months, insiders have sold 195,774 shares of company stock worth $51,614,434. Insiders own 8.90% of the company’s stock.

Hedge Funds Weigh In On Amazon.com

Large investors have recently modified their holdings of the business. CoreFirst Bank & Trust grew its holdings in shares of Amazon.com by 1.1% during the 1st quarter. CoreFirst Bank & Trust now owns 3,620 shares of the e-commerce giant’s stock worth $754,000 after purchasing an additional 40 shares during the period. Stillwater Private Wealth LLC purchased a new stake in Amazon.com in the 1st quarter valued at about $1,031,000. Parallel Advisors LLC raised its holdings in Amazon.com by 2.2% in the 1st quarter. Parallel Advisors LLC now owns 409,554 shares of the e-commerce giant’s stock valued at $85,298,000 after buying an additional 8,783 shares during the period. NewEdge Advisors LLC lifted its position in Amazon.com by 2.5% in the first quarter. NewEdge Advisors LLC now owns 2,102,077 shares of the e-commerce giant’s stock valued at $437,800,000 after buying an additional 51,522 shares during the last quarter. Finally, Blue Edge Capital LLC boosted its stake in Amazon.com by 2.5% during the first quarter. Blue Edge Capital LLC now owns 53,121 shares of the e-commerce giant’s stock worth $11,064,000 after buying an additional 1,297 shares during the period. Institutional investors and hedge funds 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.