Amazon.com (NASDAQ:AMZN) Shares Down 2.3% – Here’s Why

24 Feb 2026, 00:40 by Sarita Garza · The Markets Daily

Shares of Amazon.com, Inc. (NASDAQ:AMZN) fell 2.3% on Monday . The company traded as low as $203.11 and last traded at $205.27. 53,188,933 shares changed hands during mid-day trading, a decline of 3% from the average session volume of 54,776,074 shares. The stock had previously closed at $210.11.

Key Stories Impacting Amazon.com

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

Positive Sentiment: AWS remains a growth engine — Morgan Stanley and other bulls highlight accelerating AWS revenue and “agentic” AI upside, supporting long-term earnings potential. Amazon.com, Inc. (AMZN) Named Top AI Pick as Morgan Stanley Sees AWS Acceleration and Agentic Upside
Positive Sentiment: Amazon overtook Walmart as the largest U.S. retailer by revenue, underscoring scale across retail, ads and AWS that investors view as durable competitive advantages. Walmart Lost This Key Title to Amazon for the First Time in Company History. Is It Still a Buy Right Now?
Neutral Sentiment: Moody’s affirmed Amazon’s A1 senior unsecured rating but moved the outlook to “stable” from “positive,” which limits immediate credit-rating upside while keeping financing access intact. Amazon (AMZN) Navigates Investment Cycle and Strategic Developments
Neutral Sentiment: AWS reported only limited, brief outages in December — operational issues appear contained and unlikely to meaningfully change the AWS growth thesis. Amazon AWS Reports Limited December Outages
Negative Sentiment: Management’s plan to spend roughly $200 billion on AI infrastructure this year has spooked investors — the scale of capex raises near‑term free‑cash‑flow and margin concerns and has driven recent selling pressure. Amazon (AMZN) Stock Drops as $200B AI Spending Plan Drives AWS Optimism
Negative Sentiment: Broader market worries about hyperscalers funding heavy AI builds with debt (and the bond-market implications) amplify investor anxiety about Amazon’s capital intensity and return timing. How the AI debt binge shattered hyperscalers’ ‘unspoken contract’ with investors

Analyst Ratings Changes

Several research firms have commented on AMZN. Oppenheimer set a $260.00 target price on shares of Amazon.com and gave the stock an “outperform” rating in a research report on Friday, February 6th. Guggenheim reaffirmed a “buy” rating and set a $300.00 target price on shares of Amazon.com in a research note on Friday, February 6th. Robert W. Baird set a $285.00 price target on shares of Amazon.com and gave the stock an “outperform” rating in a research report on Friday, October 31st. Cantor Fitzgerald set a $250.00 price objective on shares of Amazon.com and gave the company an “overweight” rating in a research report on Friday, February 6th. Finally, Roth Mkm reiterated a “buy” rating and issued a $295.00 target price (up from $270.00) on shares of Amazon.com in a report on Monday, January 26th. One investment analyst has rated the stock with a Strong Buy rating, fifty-three have issued a Buy rating and four have issued a Hold rating to the stock. According to data from MarketBeat, Amazon.com has an average rating of “Moderate Buy” and an average target price of $287.29.

Read Our Latest Stock Report on AMZN

Amazon.com Stock Performance

The firm has a market capitalization of $2.20 trillion, a price-to-earnings ratio of 28.63, a PEG ratio of 1.34 and a beta of 1.37. The company has a debt-to-equity ratio of 0.16, a current ratio of 1.05 and a quick ratio of 0.88. The firm’s fifty day moving average is $228.22 and its 200 day moving average is $228.28.

Amazon.com (NASDAQ:AMZN – Get Free Report) last issued its earnings results on Thursday, February 5th. The e-commerce giant reported $1.95 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.97 by ($0.02). Amazon.com had a net margin of 10.83% and a return on equity of 21.87%. The company had revenue of $213.39 billion for the quarter, compared to analyst estimates of $211.02 billion. During the same period last year, the business earned $1.86 EPS. The company’s quarterly revenue was up 13.6% on a year-over-year basis. On average, analysts predict that Amazon.com, Inc. will post 6.31 EPS for the current fiscal year.

Insider Buying and Selling

In related news, CEO Douglas J. Herrington sold 4,784 shares of the firm’s stock in a transaction that occurred on Tuesday, February 17th. The shares were sold at an average price of $198.37, for a total transaction of $949,002.08. Following the transaction, the chief executive officer owned 512,109 shares of the company’s stock, valued at approximately $101,587,062.33. This trade represents a 0.93% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders sold a total of 8,284 shares of company stock valued at $1,740,052 in the last 90 days. Corporate insiders own 10.80% of the company’s stock.

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of AMZN. Lifelong Wealth Advisors Inc. increased its holdings in shares of Amazon.com by 2.4% during the 4th quarter. Lifelong Wealth Advisors Inc. now owns 1,740 shares of the e-commerce giant’s stock worth $402,000 after purchasing an additional 41 shares during the period. Financial Connections Group Inc. boosted its holdings in Amazon.com by 2.6% during the fourth quarter. Financial Connections Group Inc. now owns 1,633 shares of the e-commerce giant’s stock valued at $376,000 after purchasing an additional 42 shares in the last quarter. Marquette Asset Management LLC grew its stake in shares of Amazon.com by 5.1% in the 4th quarter. Marquette Asset Management LLC now owns 886 shares of the e-commerce giant’s stock valued at $205,000 after purchasing an additional 43 shares during the period. Barlow Wealth Partners Inc. grew its position in Amazon.com by 0.4% in the second quarter. Barlow Wealth Partners Inc. now owns 12,565 shares of the e-commerce giant’s stock valued at $2,763,000 after acquiring an additional 44 shares during the period. Finally, Western Financial Corp CA lifted its holdings in shares of Amazon.com by 1.5% during the fourth quarter. Western Financial Corp CA now owns 3,076 shares of the e-commerce giant’s stock valued at $710,000 after acquiring an additional 44 shares during the period. Institutional investors and hedge funds own 72.20% of the company’s stock.

About Amazon.com

(Get Free Report)

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.