Amazon.com (NASDAQ:AMZN) Trading Down 0.1% – Here’s What Happened

Amazon.com, Inc. (NASDAQ:AMZN) shares traded down 0.1% on Wednesday . The company traded as low as $229.23 and last traded at $230.87. 6,568,168 shares traded hands during mid-day trading, a decline of 84% from the average session volume of 41,080,926 shares. The stock had previously closed at $231.15.

Analyst Upgrades and Downgrades

Several brokerages have issued reports on AMZN. Roth Mkm raised their price objective on Amazon.com from $220.00 to $250.00 and gave the stock a “buy” rating in a report on Monday, December 9th. Jefferies Financial Group lifted their price target on Amazon.com from $235.00 to $275.00 and gave the stock a “buy” rating in a research report on Monday. JPMorgan Chase & Co. increased their price objective on Amazon.com from $250.00 to $280.00 and gave the company an “overweight” rating in a report on Wednesday. Piper Sandler lifted their target price on shares of Amazon.com from $215.00 to $225.00 and gave the company an “overweight” rating in a report on Friday, November 1st. Finally, Monness Crespi & Hardt increased their price target on shares of Amazon.com from $225.00 to $245.00 and gave the stock a “buy” rating in a research note on Friday, November 1st. Two analysts have rated the stock with a hold rating, forty-one have assigned a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $242.00.

Amazon.com Stock Up 1.3 %

The company has a quick ratio of 0.87, a current ratio of 1.09 and a debt-to-equity ratio of 0.21. The firm’s fifty day simple moving average is $205.11 and its 200-day simple moving average is $190.98. The company has a market cap of $2.35 trillion, a PE ratio of 47.81, a P/E/G ratio of 1.54 and a beta of 1.16.

Amazon.com (NASDAQ:AMZN) last released its earnings results on Thursday, October 31st. The e-commerce giant reported $1.43 EPS for the quarter, topping the consensus estimate of $1.14 by $0.29. Amazon.com had a net margin of 8.04% and a return on equity of 22.41%. The firm had revenue of $158.88 billion during the quarter, compared to analysts’ expectations of $157.28 billion. During the same period in the previous year, the company earned $0.85 EPS. Amazon.com’s revenue for the quarter was up 11.0% on a year-over-year basis. As a group, equities research analysts expect that Amazon.com, Inc. will post 5.29 earnings per share for the current fiscal year.

Insider Transactions at Amazon.com

In other Amazon.com news, Director Jonathan Rubinstein sold 4,351 shares of Amazon.com stock in a transaction that occurred on Monday, December 9th. The stock was sold at an average price of $229.85, for a total transaction of $1,000,077.35. Following the sale, the director now directly owns 88,203 shares in the company, valued at $20,273,459.55. The trade was a 4.70 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, SVP David Zapolsky sold 2,190 shares of the firm’s stock in a transaction that occurred on Tuesday, September 24th. The stock was sold at an average price of $195.00, for a total transaction of $427,050.00. Following the sale, the senior vice president now directly owns 62,420 shares of the company’s stock, valued at $12,171,900. The trade was a 3.39 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 6,034,534 shares of company stock worth $1,253,883,872 in the last three months. 10.80% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Amazon.com

Several institutional investors and hedge funds have recently made changes to their positions in the company. Norman Fields Gottscho Capital Management LLC boosted its position in Amazon.com by 2.1% during the 2nd quarter. Norman Fields Gottscho Capital Management LLC now owns 43,124 shares of the e-commerce giant’s stock valued at $8,616,000 after purchasing an additional 898 shares during the period. Guinness Asset Management LTD grew its position in shares of Amazon.com by 3.8% during the second quarter. Guinness Asset Management LTD now owns 177,812 shares of the e-commerce giant’s stock worth $34,377,000 after acquiring an additional 6,520 shares during the last quarter. Warther Private Wealth LLC increased its holdings in shares of Amazon.com by 284.5% in the 2nd quarter. Warther Private Wealth LLC now owns 44,020 shares of the e-commerce giant’s stock worth $8,507,000 after acquiring an additional 32,570 shares during the period. Salem Investment Counselors Inc. lifted its position in Amazon.com by 2.2% in the 2nd quarter. Salem Investment Counselors Inc. now owns 484,659 shares of the e-commerce giant’s stock valued at $93,660,000 after purchasing an additional 10,606 shares during the last quarter. Finally, CX Institutional boosted its stake in Amazon.com by 1.4% during the 2nd quarter. CX Institutional now owns 96,056 shares of the e-commerce giant’s stock valued at $18,563,000 after purchasing an additional 1,290 shares during the period. 72.20% of the stock is owned by institutional investors and hedge funds.

About Amazon.com

Amazon.com, Inc engages in the retail sale of consumer products, advertising, and subscriptions service through online and physical stores in North America and internationally. The company operates through three segments: North America, International, and Amazon Web Services (AWS). It also manufactures and sells electronic devices, including Kindle, Fire tablets, Fire TVs, Echo, Ring, Blink, and eero; and develops and produces media content.