Amazon.com (NASDAQ:AMZN) Trading Down 0.5% – Should You Sell?

Amazon.com, Inc. (NASDAQ:AMZN)’s share price dropped 0.5% on Thursday . The stock traded as low as $231.51 and last traded at $233.81. Approximately 7,702,914 shares changed hands during trading, a decline of 74% from the average daily volume of 30,096,574 shares. The stock had previously closed at $235.01.

Analysts Set New Price Targets

Several equities analysts recently issued reports on AMZN shares. Moffett Nathanson upped their price objective on shares of Amazon.com from $235.00 to $248.00 and gave the company a “buy” rating in a research note on Tuesday, November 26th. Truist Financial lifted their price objective on Amazon.com from $265.00 to $270.00 and gave the company a “buy” rating in a research report on Friday, November 1st. Tigress Financial lifted their price target on Amazon.com from $245.00 to $290.00 and gave the company a “buy” rating in a report on Friday, December 20th. Telsey Advisory Group increased their price objective on shares of Amazon.com from $215.00 to $235.00 and gave the stock an “outperform” rating in a report on Friday, November 1st. Finally, Morgan Stanley raised their target price on shares of Amazon.com from $230.00 to $280.00 and gave the stock an “overweight” rating in a research report on Monday, January 13th. Two investment analysts have rated the stock with a hold rating, forty-two have assigned a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, Amazon.com has an average rating of “Moderate Buy” and an average target price of $247.72.

Amazon.com Stock Down 0.7 %

The stock has a market cap of $2.45 trillion, a P/E ratio of 49.97, a price-to-earnings-growth ratio of 1.29 and a beta of 1.14. The company has a current ratio of 1.09, a quick ratio of 0.87 and a debt-to-equity ratio of 0.21. The stock’s 50-day moving average is $219.15 and its 200-day moving average is $196.95.

Amazon.com (NASDAQ:AMZN) last posted its quarterly earnings data on Thursday, October 31st. The e-commerce giant reported $1.43 earnings per share (EPS) for the quarter, beating 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 business had revenue of $158.88 billion during the quarter, compared to analysts’ expectations of $157.28 billion. During the same period last year, the firm posted $0.85 earnings per share. The business’s revenue was up 11.0% on a year-over-year basis. As a group, research analysts anticipate that Amazon.com, Inc. will post 5.39 earnings per share for the current fiscal year.

Insider Activity

In other news, Director Daniel P. Huttenlocher sold 1,237 shares of the business’s stock in a transaction that occurred on Tuesday, November 19th. The shares were sold at an average price of $199.06, for a total transaction of $246,237.22. Following the sale, the director now owns 24,912 shares in the company, valued at $4,958,982.72. The trade was a 4.73 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Douglas J. Herrington sold 3,500 shares of Amazon.com stock in a transaction on Monday, December 2nd. The shares were sold at an average price of $210.00, for a total value of $735,000.00. Following the sale, the chief executive officer now directly owns 524,567 shares of the company’s stock, valued at approximately $110,159,070. The trade was a 0.66 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 6,032,344 shares of company stock worth $1,253,456,822 over the last 90 days. 10.80% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Amazon.com

Hedge funds have recently bought and sold shares of the company. Accordant Advisory Group Inc lifted its stake in Amazon.com by 400.0% during the fourth quarter. Accordant Advisory Group Inc now owns 125 shares of the e-commerce giant’s stock worth $27,000 after purchasing an additional 100 shares during the period. Icon Wealth Advisors LLC increased its holdings in shares of Amazon.com by 20.5% in the third quarter. Icon Wealth Advisors LLC now owns 150,661 shares of the e-commerce giant’s stock valued at $28,000 after purchasing an additional 25,581 shares in the last quarter. PayPay Securities Corp lifted its holdings in Amazon.com by 64.6% during the 2nd quarter. PayPay Securities Corp now owns 163 shares of the e-commerce giant’s stock worth $32,000 after buying an additional 64 shares in the last quarter. Hoese & Co LLP bought a new position in Amazon.com in the 3rd quarter valued at $37,000. Finally, Bull Oak Capital LLC acquired a new stake in shares of Amazon.com during the 3rd quarter worth approximately $45,000. 72.20% of the stock is currently owned by institutional investors.

Amazon.com Company Profile

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.