
"Shares of Amazon.com Inc. (NASDAQ: AMZN) gained 1.43% over the past five trading sessions after losing 3.65% the five prior, trimming the stock's year-to-date loss to 0.70%. Amazon announced in August that it will begin offering customers same-day grocery delivery. In July, it was reported that the company's founder Jeff Bezos sold nearly 3 million shares worth $665.8 million. The stock sale is part of a plan announced earlier this year that will see Bezos unload up to 25 million shares through May 2026."
"Amazon beat on earnings and revenue, with EPS coming in at $1.68 versus expectations of $1.33 and revenue of $167.7 billion versus expectations of $162.09 billion. Revenue from AWS was $30.87 billion versus expectations of $30.8 billion, while advertising revenue registered $15.7 billion versus expectations of $14.9 billion. Q2 sales saw year-over-year growth of 13% to $167.7 billion. However, for Q3, Amazon expects operating income between $15.5 billion and $20.5 billion, while analysts forecasts were for $19.48 billion."
"On Aug. 1, Bank of America raised its price target to $272 from $265, Barclays raised its price target to $275 from $240 and Piper Sandler raised its price target to $255 from $250. This comes on the back of numerous adjustments in July, with Capital ($270 from $233), Citi ($265 from $225), Needham ($265 from $220), Cantor Fitzgerald ($260 from $240) and Truist ($250 from $226) all issuing more aggressive price targets."
Shares of Amazon rose 1.43% over the past five trading sessions after a prior 3.65% decline, narrowing the year-to-date loss to 0.70%. Amazon will begin offering same-day grocery delivery. Jeff Bezos sold nearly 3 million shares worth $665.8 million as part of a plan to unload up to 25 million shares through May 2026. Q2 results beat on EPS ($1.68) and revenue ($167.7 billion), with AWS and advertising revenue beating expectations. Q3 guidance for operating income of $15.5–$20.5 billion came in below analyst forecasts. Multiple firms raised price targets following the quarter. The stock rose nearly 50.33% from its 2024 bottom to its 2025 high, then fell about 9.67%.
#amazon-stock-performance #q2-earnings--q3-guidance #analyst-price-targets #jeff-bezos-share-sales #same-day-grocery-delivery
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