Amazon.com (NASDAQ:AMZN) Stock Price Down 4.7% – Here’s What Happened

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

Trending Headlines about Amazon.com

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

• Positive Sentiment: Prime Day begins June 23 and analysts expect record online spending, which could provide a near-term boost to retail sales and sentiment around AMZN. Reuters article
• Positive Sentiment: Amazon is adding AI features to shopping and expanding Alexa+ testing in India with Hindi support, reinforcing its consumer AI strategy and international growth potential. TechCrunch article
• Positive Sentiment: Recent commentary highlighted strong Q1 2026 results, including EPS far above expectations, AWS reacceleration, and a fast-growing AI chips business, supporting the long-term bull case. Motley Fool article
• Positive Sentiment: Investor optimism remains high, with articles arguing Amazon could see meaningful upside over the next couple of years and even re-rate higher as consensus expectations rise. 24/7 Wall St. article
• Neutral Sentiment: Amazon is also drawing attention for AWS partnerships and operational updates, including lower-water-use data center messaging and new cloud deals, which are supportive but not immediate stock-moving catalysts. Benzinga article
• Negative Sentiment: Amazon has been trading lower amid broader selloffs in hyperscaler stocks, with investors questioning whether heavy AI spending will pressure near-term margins and free cash flow. 24/7 Wall St. article
• Negative Sentiment: One headwind is that Prime membership saturation may limit how much incremental growth Prime Day can still generate, making the event more of a demand test than a guaranteed growth driver. Business Insider article

Analyst Upgrades and Downgrades

AMZN has been the topic of several recent research reports. Maxim Group boosted their price objective on shares of Amazon.com from $290.00 to $315.00 and gave the stock a “buy” rating in a research report on Thursday, April 30th. Wells Fargo & Company set a $312.00 target price on shares of Amazon.com and gave the stock an “overweight” rating in a research report on Wednesday, May 20th. DZ Bank upped their price target on shares of Amazon.com from $295.00 to $320.00 and gave the company a “buy” rating in a report on Monday, May 4th. Telsey Advisory Group upped their price target on shares of Amazon.com from $300.00 to $315.00 and gave the company an “outperform” rating in a report on Thursday, April 30th. Finally, Weiss Ratings upgraded shares of Amazon.com from a “buy (b-)” rating to a “buy (b)” rating in a research report on Wednesday, May 6th. 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 data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $312.78.

Amazon.com Price Performance

The company’s 50 day simple moving average is $256.51 and its 200 day simple moving average is $234.12. 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 stock has a market capitalization of $2.50 trillion, a PE ratio of 27.85, a PEG ratio of 1.83 and a beta of 1.45.

Amazon.com (NASDAQ:AMZN) last posted its quarterly earnings results on Wednesday, April 29th. The e-commerce giant reported $2.78 EPS for the quarter, beating the consensus estimate 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 quarter in the previous year, the business earned $1.59 EPS. The firm’s revenue was up 16.6% on a year-over-year basis. On average, equities analysts anticipate that Amazon.com, Inc. will post 7.71 earnings per share for the current year.

Insider Transactions at Amazon.com

In other Amazon.com news, CEO Douglas J. Herrington sold 1,000 shares of the stock in a transaction that occurred on Monday, June 1st. The shares were sold at an average price of $266.19, for a total transaction of $266,190.00. Following the transaction, the chief executive officer owned 485,527 shares of the company’s stock, valued at $129,242,432.13. This trade represents a 0.21% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Andrew R. Jassy sold 20,000 shares of the business’s stock in a transaction on Thursday, May 21st. The shares were sold at an average price of $263.42, for a total transaction of $5,268,400.00. Following the sale, the chief executive officer directly owned 2,205,766 shares of the company’s stock, valued at $581,042,879.72. This represents a 0.90% decrease in their ownership of the stock. 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. Insiders sold 195,774 shares of company stock valued at $51,614,434 in the last quarter. 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 company. Compagnie Lombard Odier SCmA bought a new position in shares of Amazon.com in the third quarter valued at $451,642,000. Narwhal Capital Management lifted its position in shares of Amazon.com by 2.3% during the 4th quarter. Narwhal Capital Management now owns 216,606 shares of the e-commerce giant’s stock valued at $49,997,000 after acquiring an additional 4,854 shares during the last quarter. Arrowstreet Capital Limited Partnership boosted its stake in shares of Amazon.com by 21.0% during the 4th quarter. Arrowstreet Capital Limited Partnership now owns 24,653,228 shares of the e-commerce giant’s stock worth $5,690,463,000 after acquiring an additional 4,275,942 shares in the last quarter. Weaver Capital Management LLC boosted its stake in shares of Amazon.com by 13.6% during the 4th quarter. Weaver Capital Management LLC now owns 39,264 shares of the e-commerce giant’s stock worth $9,063,000 after acquiring an additional 4,713 shares in the last quarter. Finally, Ethos Financial Group LLC grew its holdings in shares of Amazon.com by 9.6% in the 4th quarter. Ethos Financial Group LLC now owns 36,485 shares of the e-commerce giant’s stock worth $8,421,000 after acquiring an additional 3,196 shares during the last quarter. 72.20% of the stock is currently owned by hedge funds and other institutional investors.

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.