Amazon.com (NASDAQ:AMZN) Shares Up 2.2% – Time to Buy?

Amazon.com, Inc. (NASDAQ:AMZN)’s share price traded up 2.2% on Wednesday . The company traded as high as $265.58 and last traded at $265.01. 34,489,610 shares traded hands during mid-day trading, a decline of 29% from the average session volume of 48,908,992 shares. The stock had previously closed at $259.34.

Key Stories Impacting Amazon.com

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

• Positive Sentiment: A U.S. appeals court rejected a whistleblower claim that Amazon helped foreign fur sellers evade tariffs, easing legal risk and supporting sentiment around the stock. Reuters: Amazon.com defeats appeal claiming it aided tariff evasion
• Positive Sentiment: Wells Fargo kept an Overweight rating on Amazon and nudged its price target to $312, pointing to AWS as a growing monetization engine tied to cloud and AI demand. 247WallSt: Amazon Price Target Nudged to $312 at Wells Fargo
• Positive Sentiment: Investors are also focusing on AWS strength, with first-quarter AWS revenue growth of 28% and continued enthusiasm around Trainium chips and broader AI infrastructure demand. InsiderMonkey: Is Amazon.com (AMZN) One Of The Best Cloud Stocks To Buy As Azure Growth Hits 40%?
• Positive Sentiment: Several recent articles and analyst notes continue to frame Amazon as an underappreciated AI winner, reinforcing the long-term growth case. Motley Fool: Amazon Might Be the Most Obvious Unknown AI Stock Investors Are Missing
• Neutral Sentiment: CEO Douglas Herrington and AWS chief Matt Garman both sold shares under pre-arranged 10b5-1 plans; these insider sales tend to draw attention, but they are not necessarily a negative signal about operations. SEC filing: Douglas Herrington sale
• Negative Sentiment: Amazon still faces a class-action lawsuit over tariff-related pricing, which could add legal and reputational uncertainty if the case gains traction. Yahoo Finance: Amazon Lawsuit Adds New Risk Layer To Valuation And Share Momentum

Wall Street Analyst Weigh In

A number of analysts recently weighed in on the stock. Canaccord Genuity Group raised their price target on shares of Amazon.com from $300.00 to $330.00 and gave the company a “buy” rating in a report on Thursday, April 30th. DA Davidson raised their price target on shares of Amazon.com from $175.00 to $250.00 and gave the company a “neutral” rating in a report on Thursday, April 30th. Wedbush lowered their price target on shares of Amazon.com from $340.00 to $300.00 and set an “outperform” rating for the company in a report on Friday, February 6th. Wells Fargo & Company set a $312.00 price target on shares of Amazon.com and gave the company an “overweight” rating in a report on Wednesday. Finally, Oppenheimer lifted their target price on shares of Amazon.com from $275.00 to $320.00 and gave the stock an “outperform” rating in a report 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. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $312.66.

Amazon.com Trading Up 2.2%

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 company has a market capitalization of $2.85 trillion, a P/E ratio of 31.70, a PEG ratio of 1.98 and a beta of 1.46. The business has a 50 day moving average price of $236.31 and a 200 day moving average price of $231.15.

Amazon.com (NASDAQ:AMZN) last announced its quarterly earnings results on Wednesday, April 29th. The e-commerce giant reported $2.78 EPS for the quarter, beating 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 company had revenue of $181.52 billion during the quarter, compared to analysts’ expectations of $177.28 billion. During the same period in the prior year, the business posted $1.59 EPS. Amazon.com’s revenue was up 16.6% on a year-over-year basis. Analysts anticipate that Amazon.com, Inc. will post 7.71 EPS for the current year.

Insider Activity

In related news, CEO Matthew S. Garman sold 11,475 shares of the company’s stock in a transaction on Friday, May 15th. The shares were sold at an average price of $262.66, for a total value of $3,014,023.50. Following the completion of the sale, the chief executive officer owned 11,430 shares in the company, valued at $3,002,203.80. This represents a 50.10% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Jonathan Rubinstein sold 3,706 shares of the company’s stock in a transaction on Thursday, April 30th. The shares were sold at an average price of $273.02, for a total transaction of $1,011,812.12. Following the completion of the sale, the director owned 74,948 shares of the company’s stock, valued at approximately $20,462,302.96. This represents a 4.71% 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 201,026 shares of company stock worth $49,128,874 in the last 90 days. Corporate insiders own 8.90% of the company’s stock.

Institutional Trading of Amazon.com

A number of large investors have recently made changes to their positions in the company. Norges Bank acquired a new position in Amazon.com in the 4th quarter worth $32,868,735,000. Auto Owners Insurance Co boosted its stake in Amazon.com by 27,376.7% in the 4th quarter. Auto Owners Insurance Co now owns 98,448,885 shares of the e-commerce giant’s stock worth $2,272,397,000 after purchasing an additional 98,090,585 shares during the period. J. Stern & Co. LLP boosted its stake in Amazon.com by 20,598.0% in the 4th quarter. J. Stern & Co. LLP now owns 87,982,814 shares of the e-commerce giant’s stock worth $20,308,193,000 after purchasing an additional 87,557,736 shares during the period. Nuveen LLC acquired a new position in Amazon.com in the 1st quarter worth $11,674,091,000. Finally, Cardano Risk Management B.V. boosted its stake in Amazon.com by 879.4% in the 4th quarter. Cardano Risk Management B.V. now owns 27,862,400 shares of the e-commerce giant’s stock worth $6,431,199,000 after purchasing an additional 25,017,588 shares during the period. 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.