Amazon.com (NASDAQ:AMZN) Trading Up 1.5% – Time to Buy?

Amazon.com, Inc. (NASDAQ:AMZN)’s share price traded up 1.5% during trading on Thursday . The stock traded as high as $242.14 and last traded at $241.51. 40,716,495 shares changed hands during mid-day trading, a decline of 15% from the average session volume of 48,008,879 shares. The stock had previously closed at $238.00.

Key Amazon.com News

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

• Positive Sentiment: Amazon expanded its Supply Chain Services with a new less-than-truckload (LTL) freight offering, letting businesses ship goods to third-party warehouses, distribution centers, and retail locations. Investors may see this as a meaningful logistics expansion that deepens Amazon’s role in transportation and could create a new revenue stream. Amazon Positions Logistics as AI Shopping’s Ultimate Moat
• Positive Sentiment: Amazon and InterDigital announced a patent license agreement covering Amazon’s services and devices, including Prime Video, resolving litigation. That reduces legal uncertainty and reinforces Amazon’s position in streaming and digital media. InterDigital Enters Patent License Agreement with Amazon for Video Services and Devices
• Positive Sentiment: Analyst sentiment remains constructive, with reports noting Amazon as a top AI pick and recent price targets still well above current levels. That suggests Wall Street continues to view AWS, advertising, and AI-related investments as long-term growth drivers. BMO Names ‘2 Top AI Stocks’ to Own Right Now
• Neutral Sentiment: Amazon founder Jeff Bezos’ AI startup Prometheus raised $12 billion at a $41 billion valuation, keeping Amazon-linked AI innovation in the spotlight. While this doesn’t directly affect Amazon’s operations, it reinforces the market’s focus on AI opportunities tied to Bezos’ broader ecosystem. Jeff Bezos Raises $12 Billion for AI Engineering Startup Prometheus
• Neutral Sentiment: Amazon also secured a $17.5 billion credit facility as it continues its AI infrastructure buildout. The move improves financial flexibility, but it also signals heavy ongoing spending that some investors may see as a longer-term margin consideration. Amazon secures $17.5 billion loan facility amid AI-driven capex ramp
• Negative Sentiment: Some commentary warned that Amazon’s aggressive AI data-center spending is drawing scrutiny as Wall Street questions whether all of the planned hyperscaler infrastructure will actually be built. This could pressure sentiment if investors grow more concerned about returns on capital. Wall Street’s $800 Billion AI Data Center Bet Is Showing Cracks

Analyst Upgrades and Downgrades

AMZN has been the topic of a number of recent analyst reports. Tigress Financial upped their price target on Amazon.com from $305.00 to $315.00 and gave the stock a “buy” rating in a research report on Wednesday, March 25th. Maxim Group raised their price objective on Amazon.com from $290.00 to $315.00 and gave the stock a “buy” rating in a research report on Thursday, April 30th. Royal Bank Of Canada set a $320.00 target price on Amazon.com and gave the stock an “outperform” rating in a research note on Thursday, April 30th. Jefferies Financial Group reiterated a “market outperform” rating on shares of Amazon.com in a research note on Monday, June 1st. Finally, Guggenheim restated a “buy” rating and set a $320.00 price target (up from $300.00) on shares of Amazon.com in a research note on Thursday, April 30th. Fifty-seven 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, Amazon.com presently has an average rating of “Moderate Buy” and an average price target of $312.78.

Amazon.com Trading Up 1.5%

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 company has a 50 day moving average of $252.26 and a two-hundred day moving average of $233.44. The stock has a market cap of $2.60 trillion, a PE ratio of 28.89, a price-to-earnings-growth ratio of 1.83 and a beta of 1.44.

Amazon.com (NASDAQ:AMZN) last issued its quarterly earnings data 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. The company had revenue of $181.52 billion for the quarter, compared to analyst estimates of $177.28 billion. Amazon.com had a return on equity of 19.92% and a net margin of 12.22%.Amazon.com’s quarterly revenue was up 16.6% compared to the same quarter last year. During the same period last year, the company earned $1.59 earnings per share. Sell-side analysts anticipate that Amazon.com, Inc. will post 7.71 earnings per share for the current fiscal year.

Insider Buying and Selling

In other news, SVP David Zapolsky sold 9,270 shares of the business’s stock in a transaction dated Friday, May 22nd. The shares were sold at an average price of $268.53, for a total transaction of $2,489,273.10. Following the completion of the sale, the senior vice president owned 41,190 shares of the company’s stock, valued at $11,060,750.70. The trade was a 18.37% decrease in their ownership of the stock. The transaction was disclosed in a document filed 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, CEO Andrew R. Jassy sold 20,000 shares of Amazon.com stock in a transaction dated 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 sale, the chief executive officer owned 2,205,766 shares in the company, valued at approximately $581,042,879.72. The trade was 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 have sold 195,774 shares of company stock worth $51,614,434 in the last 90 days. 8.90% of the stock is owned by insiders.

Institutional Trading of Amazon.com

Institutional investors have recently made changes to their positions in the company. Compagnie Lombard Odier SCmA purchased a new position in shares of Amazon.com in the third quarter worth about $451,642,000. Narwhal Capital Management raised 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 buying an additional 4,854 shares in the last quarter. Weaver Capital Management LLC increased its position 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 valued at $9,063,000 after purchasing an additional 4,713 shares during the last quarter. Ethos Financial Group LLC lifted 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. Finally, Baltimore Washington Financial Advisors Inc. grew its stake in shares of Amazon.com by 1.9% during the third quarter. Baltimore Washington Financial Advisors Inc. now owns 239,862 shares of the e-commerce giant’s stock valued at $52,667,000 after buying an additional 4,558 shares during the last quarter. 72.20% of the stock is owned by institutional investors and hedge funds.

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.