Amazon.com (NASDAQ:AMZN) Trading Down 1% - Here's What Happened

Key Points

• Amazon.com shares declined by 1% to $231.62, trading below the previous close of $234.05, with a volume decrease of 3% from average session volume.
• Several analysts raised their price targets for Amazon, with targets ranging from $235.00 to $297.00, and a consensus target price of $263.30.
• Amazon reported $1.68 earnings per share for the last quarter, exceeding estimates by $0.37, and revenue of $167.70 billion, which was also above expectations.

Amazon.com, Inc. (NASDAQ:AMZN)'s share price was down 1% on Wednesday . The stock traded as low as $228.71 and last traded at $231.62. Approximately 42,348,119 shares traded hands during mid-day trading, a decline of 3% from the average daily volume of 43,693,832 shares. The stock had previously closed at $234.05.

Wall Street Analyst Weigh In

Several research analysts have weighed in on AMZN shares. Jefferies Financial Group reissued a "buy" rating on shares of Amazon.com in a report on Thursday, September 11th. Oppenheimer lowered their target price on shares of Amazon.com from $250.00 to $245.00 and set an "outperform" rating on the stock in a report on Friday, August 1st. Robert W. Baird raised their target price on shares of Amazon.com from $220.00 to $244.00 and gave the stock an "outperform" rating in a report on Monday, July 21st. Truist Financial raised their target price on shares of Amazon.com from $250.00 to $270.00 and gave the stock a "buy" rating in a report on Tuesday. Finally, Roth Capital set a $250.00 target price on shares of Amazon.com and gave the stock a "buy" rating in a report on Tuesday, July 8th. Two analysts have rated the stock with a Strong Buy rating, forty-six have given a Buy rating and two have given a Hold rating to the company's stock. According to MarketBeat, Amazon.com has an average rating of "Buy" and a consensus price target of $263.30.

Amazon.com Price Performance

The company has a debt-to-equity ratio of 0.15, a current ratio of 1.02 and a quick ratio of 0.81. The stock has a market cap of $2.47 trillion, a price-to-earnings ratio of 35.29, a price-to-earnings-growth ratio of 1.55 and a beta of 1.30. The business's 50-day simple moving average is $227.81 and its two-hundred day simple moving average is $209.43.

Amazon.com (NASDAQ:AMZN - Get Free Report) last issued its earnings results on Thursday, July 31st. The e-commerce giant reported $1.68 earnings per share for the quarter, beating analysts' consensus estimates of $1.31 by $0.37. The firm had revenue of $167.70 billion for the quarter, compared to analyst estimates of $161.80 billion. Amazon.com had a net margin of 10.54% and a return on equity of 23.84%. The company's quarterly revenue was up 13.3% on a year-over-year basis. During the same quarter last year, the business posted $1.26 earnings per share. Amazon.com has set its Q3 2025 guidance at EPS. Research analysts expect that Amazon.com, Inc. will post 6.31 earnings per share for the current year.

Insider Activity at Amazon.com

In other news, insider Jeffrey P. Bezos sold 4,273,237 shares of Amazon.com stock in a transaction on Friday, July 11th. The shares were sold at an average price of $224.81, for a total transaction of $960,666,409.97. Following the transaction, the insider owned 897,722,088 shares in the company, valued at approximately $201,816,902,603.28. The trade was a 0.47% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders have sold a total of 25,097,911 shares of company stock worth $5,676,032,574 in the last quarter. 9.70% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Amazon.com

A number of hedge funds have recently modified their holdings of the business. Vanguard Group Inc. lifted its holdings in shares of Amazon.com by 2.1% during the second quarter. Vanguard Group Inc. now owns 849,721,601 shares of the e-commerce giant's stock worth $186,420,422,000 after purchasing an additional 17,447,045 shares during the period. State Street Corp raised its stake in Amazon.com by 1.4% during the second quarter. State Street Corp now owns 374,097,285 shares of the e-commerce giant's stock worth $82,073,203,000 after buying an additional 5,163,208 shares during the last quarter. Geode Capital Management LLC raised its stake in Amazon.com by 1.7% during the second quarter. Geode Capital Management LLC now owns 216,717,657 shares of the e-commerce giant's stock worth $47,332,625,000 after buying an additional 3,721,658 shares during the last quarter. Kingstone Capital Partners Texas LLC raised its stake in Amazon.com by 542,733.6% during the second quarter. Kingstone Capital Partners Texas LLC now owns 132,641,388 shares of the e-commerce giant's stock worth $29,100,194,000 after buying an additional 132,616,953 shares during the last quarter. Finally, Norges Bank bought a new position in Amazon.com during the second quarter worth $27,438,011,000. Institutional investors and hedge funds own 72.20% of the company's stock.

Amazon.com Company Profile

Amazon.com, Inc engages in the retail sale of consumer products, advertising, and subscriptions service through online and physical stores in North America and internationally. The company operates through three segments: North America, International, and Amazon Web Services (AWS). It also manufactures and sells electronic devices, including Kindle, Fire tablets, Fire TVs, Echo, Ring, Blink, and eero; and develops and produces media content.