Amazon.com (NASDAQ:AMZN) Stock Jumps 1.5% – Time to Buy?

Amazon.com, Inc. (NASDAQ:AMZN) shot up 1.5% during mid-day trading on Tuesday. The stock traded as high as $272.88 and last traded at $270.87. Approximately 38,082,410 shares changed hands during trading, a decline of 18% from the average daily volume of 46,720,207 shares. The stock had previously closed at $266.93.

Amazon.com News Summary

Investors following AMZN have been watching these news items:

• Positive Sentiment: Investors are weighing a reported $146 billion valuation for Anthropic, in which Amazon has a significant investment, alongside plans to hire 300,000 seasonal workers. A higher valuation could raise the perceived value of Amazon’s stake, while holiday hiring signals preparation for peak-season demand. What Is Going on with Amazon Stock on Thursday?
• Positive Sentiment: Amazon Leo’s planned rocket launch is a step toward expanding satellite internet service, adding a potential growth opportunity beyond retail and AWS. Amazon Stock Rises Ahead of a Leo Rocket Launch
• Negative Sentiment: Amazon’s AI infrastructure buildout is expected to keep capital spending elevated—about $220 billion for 2026—and has pressured free cash flow. Investors will want evidence that AWS demand and returns justify the investment. Will Rising AI Capex Weigh on Amazon’s Free Cash Flow Prospects?

Analyst Upgrades and Downgrades

AMZN has been the topic of a number of analyst reports. Wedbush decreased their price target on Amazon.com from $310.00 to $298.00 and set an “outperform” rating on the stock in a research note on Friday, October 30th. Evercore reaffirmed an “outperform” rating on shares of Amazon.com in a research note on Friday, October 30th. HSBC reiterated a “buy” rating and issued a $310.00 price target on shares of Amazon.com in a report on Friday, July 31st. Rosenblatt Securities reissued a “buy” rating and set a $360.00 price objective on shares of Amazon.com in a report on Friday, October 30th. Finally, JPMorgan Chase & Co. upped their target price on shares of Amazon.com from $330.00 to $365.00 and gave the stock an “overweight” rating in a research report on Friday, July 31st. Two investment analysts have rated the stock with a Strong Buy rating, fifty-five have given a Buy rating and three have assigned a Hold rating to the company. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $321.74.

Amazon.com Stock Up 0.5%

The company has a debt-to-equity ratio of 0.28, a quick ratio of 0.82 and a current ratio of 0.99. The firm has a market cap of $2.89 trillion, a PE ratio of 21.62, a PEG ratio of 2.06 and a beta of 1.49. The stock has a fifty day moving average price of $254.41 and a 200-day moving average price of $244.06.

Amazon.com (NASDAQ:AMZN) last announced its earnings results on Thursday, October 29th. The e-commerce giant reported $1.89 earnings per share for the quarter, missing the consensus estimate of $1.97 by ($0.08). The business had revenue of $201.94 billion for the quarter, compared to analyst estimates of $202.22 billion. Amazon.com had a net margin of 16.90% and a return on equity of 15.72%. The firm’s revenue was up 12.1% on a year-over-year basis. During the same quarter in the prior year, the business earned $1.95 earnings per share. Research analysts expect that Amazon.com, Inc. will post 7.80 EPS for the current year.

Insider Transactions at Amazon.com

In other Amazon.com news, VP Shelley Reynolds sold 2,343 shares of the company’s stock in a transaction that occurred on 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 sale, the vice president directly owned 119,780 shares in the company, valued at $31,024,217.80. This represents a 1.92% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Douglas J. Herrington sold 1,000 shares of Amazon.com stock in a transaction dated Monday, November 2nd. The stock was sold at an average price of $243.47, for a total value of $243,470.00. Following the transaction, the chief executive officer directly owned 473,681 shares in the company, valued at approximately $115,327,113.07. The trade was a 0.21% decrease in their ownership of the stock. 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 sold 71,589 shares of company stock valued at $18,545,595 over the last three months. 8.90% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Amazon.com

Several institutional investors and hedge funds have recently modified their holdings of the business. State Street Corp raised its position in shares of Amazon.com by 0.8% during the third quarter. State Street Corp now owns 400,491,637 shares of the e-commerce giant’s stock worth $99,782,491,000 after purchasing an additional 3,304,679 shares during the period. Bank of America Corp DE acquired a new position in Amazon.com during the 2nd quarter worth approximately $22,218,775,000. Bank of New York Mellon Corp acquired a new position in shares of Amazon.com during the second quarter worth $16,341,405,000. Amundi lifted its holdings in Amazon.com by 3.9% in the second quarter. Amundi now owns 63,822,242 shares of the e-commerce giant’s stock valued at $15,211,393,000 after buying an additional 2,421,739 shares during the period. Finally, Legal & General Group Plc bought a new position in shares of Amazon.com during the 2nd quarter worth about $12,831,376,000. Institutional investors and hedge funds own 72.20% of the company’s stock.

About Amazon.com

Amazon.com, Inc. is a technology and e-commerce company founded by Jeff Bezos in 1994 as an online bookstore. It has since grown into a global business serving consumers, sellers, developers, enterprises and content creators. Amazon operates online stores and marketplaces, where it sells products directly and enables third-party sellers to reach customers. Its other businesses include Amazon Web Services, which provides cloud computing and related services; digital advertising; Prime memberships; and entertainment offerings such as streaming video and music.