Shelley Reynolds Sells 2,343 Shares of Amazon.com (NASDAQ:AMZN) Stock

Amazon.com, Inc. (NASDAQ:AMZN) VP Shelley Reynolds sold 2,343 shares of the firm’s stock in a transaction dated Friday, August 21st. The stock was sold at an average price of $259.01, for a total value of $606,860.43. Following the completion of the transaction, the vice president owned 119,780 shares of the company’s stock, valued at approximately $31,024,217.80. The trade was a 1.92% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Amazon.com Stock Performance

NASDAQ AMZN traded down $1.01 during trading hours on Tuesday, reaching $261.06. The stock had a trading volume of 25,446,790 shares, compared to its average volume of 48,878,555. Amazon.com, Inc. has a 52-week low of $196.00 and a 52-week high of $287.20. The stock has a fifty day moving average of $250.18 and a 200 day moving average of $239.48. The company has a debt-to-equity ratio of 0.23, a quick ratio of 0.87 and a current ratio of 1.03. The stock has a market cap of $2.82 trillion, a P/E ratio of 21.00, a price-to-earnings-growth ratio of 1.72 and a beta of 1.45.

Amazon.com (NASDAQ:AMZN) last announced its quarterly earnings data on Thursday, July 30th. The e-commerce giant reported $5.75 EPS for the quarter, beating the consensus estimate of $1.82 by $3.93. The business had revenue of $200.61 billion during the quarter, compared to analysts’ expectations of $197.03 billion. Amazon.com had a net margin of 17.44% and a return on equity of 18.00%. The business’s quarterly revenue was up 19.6% compared to the same quarter last year. During the same period in the previous year, the business posted $1.68 EPS. Sell-side analysts predict that Amazon.com, Inc. will post 8.05 earnings per share for the current year.

Key Stories Impacting Amazon.com

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

• Positive Sentiment: AWS and AI remain the main bullish catalysts. Analysts and commentators point to accelerating AWS demand, a reported $496 billion backlog and the potential for AWS revenue to approach $1 trillion annually over time. Amazon’s relationships with Anthropic and OpenAI could further increase cloud usage and reinforce its position in the AI infrastructure market. AWS backlog article AWS revenue outlook article
• Positive Sentiment: Wall Street remains constructive. Citizens reiterated a Market Outperform rating with a $315 price target, while the cited analyst consensus includes a median target near $320. Recent earnings also showed strong momentum, with second-quarter revenue of roughly $200.6 billion, up nearly 20% year over year. Amazon analyst rating article
• Positive Sentiment: New growth initiatives add longer-term optionality. Amazon is expanding Zoox robotaxi operations and plans to broaden Prime Air drone delivery. It is also developing “Project Tetromino,” an automated delivery-station concept that could process packages 2.5 times faster, potentially improving logistics efficiency and labor economics. Zoox robotaxi article
• Neutral Sentiment: Anthropic’s expected IPO could revalue Amazon’s AI exposure. Its S-1 filing may provide investors with more information about Anthropic’s growth, valuation and Amazon’s strategic investment, but the outcome could either validate or challenge current AI-related expectations. Anthropic S-1 article
• Negative Sentiment: AI infrastructure spending is pressuring cash flow. Amazon’s free cash flow reportedly fell negative by $7.6 billion despite higher operating cash flow, reflecting the cost of its aggressive AI-capital-expenditure program. Investors remain focused on whether future AWS growth will produce adequate returns on that investment. Amazon free cash flow article
• Negative Sentiment: Hardware costs and policy risks are rising. Amazon increased prices on Echo, Fire TV, Kindle and other devices by as much as 60% because of memory shortages linked to AI data-center demand. Proposed AI advertising-disclosure rules, New York City scrutiny of delivery operations and continued competition from Walmart add further uncertainty. Amazon hardware price increase article

Institutional Investors Weigh In On Amazon.com

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Trust Asset Management LLC increased its stake in Amazon.com by 3.3% during the 2nd quarter. Trust Asset Management LLC now owns 107,563 shares of the e-commerce giant’s stock worth $26,000 after buying an additional 3,414 shares in the last quarter. TOP Private Wealth LLC. purchased a new position in shares of Amazon.com in the second quarter valued at approximately $29,000. Bard Associates Inc. acquired a new stake in shares of Amazon.com in the second quarter worth approximately $32,000. Longfellow Investment Management Co. LLC acquired a new stake in shares of Amazon.com in the second quarter worth approximately $33,000. Finally, MilWealth Group LLC increased its position in shares of Amazon.com by 79.0% during the fourth quarter. MilWealth Group LLC now owns 179 shares of the e-commerce giant’s stock worth $41,000 after purchasing an additional 79 shares in the last quarter. Hedge funds and other institutional investors own 72.20% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts have recently issued reports on the company. Benchmark boosted their price objective on Amazon.com from $370.00 to $400.00 and gave the company a “buy” rating in a report on Friday, July 31st. Barclays reaffirmed an “overweight” rating and set a $365.00 target price (up from $330.00) on shares of Amazon.com in a report on Friday, July 31st. Royal Bank Of Canada lifted their price target on Amazon.com from $320.00 to $330.00 and gave the company an “outperform” rating in a research report on Friday, July 31st. The Goldman Sachs Group reissued a “buy” rating and issued a $375.00 price target (up from $335.00) on shares of Amazon.com in a report on Friday, July 31st. Finally, Canaccord Genuity Group upped their price objective on Amazon.com from $300.00 to $330.00 and gave the stock a “buy” rating in a research report on Thursday, April 30th. One research analyst has rated the stock with a Strong Buy rating, fifty-six have given a Buy rating and two have given a Hold rating to the company. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $322.39.

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.