Retail investors are losing faith in e-commerce giant Amazon (AMZN) as it gets set to report its Q1 earnings tomorrow – April 29. At TipRanks we can measure how investors who hold Smart Porfolios on TipRanks are feeling about a stock. We do that through a tool called CrowdWsidom.
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High conviction AMZN bears now have this Tradr ETFFor Amazon, it shows that the number of investors holding it in their portfolios has decreased over the last three months.
Let’s see what it says, in detail, about Amazon.
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Looking at the Crowd Wisdom page, we see that 12.1% of 859,470 smart portfolios now hold AMZN stock. Over the last 30 days, 1.3% more portfolios held AMZN stock, with a 0.2% increase in the last 7 days.
Overall, these are slightly weaker figures than we saw just a few months ago after it released its Q4 earnings. Then 12.7% of 853,778 investor portfolios analyzed by TipRanks held AMZN stock. Over the last 30 days, 1.8% more portfolios took on AMZN stock, with a 0.1% decrease in the previous 7 days.
It is a strange time to lose enthusiasm in the AMZN stock. It has risen over 29% in the past month, driven by accelerating growth in the company’s AWS (Amazon Web Services) cloud unit, a deal with Meta Platforms (META) to power agentic AI on AWS’ Graviton chips, and other strategic partnerships, including a new investment deal with Anthropic.
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Investor sentiment is, despite this, described as being positive and above the sector average. Some of the most optimistic have been people aged over 55, with a 3.6% increase in AMZN holders in the last 30 days. This age bracket represents about half of all AMZN investors.
TipRanks data also shows what AMZN investors bought over the last 7 and 30 days. Top of the list was fast food chain McDonald’s (MCD). Other notable stocks were chip maker Qualcomm (QCOM) and coffee group Starbucks (SBUX).