Amazon.com (NASDAQ:AMZN) Shares Down 0.5% – Time to Sell?

Amazon.com, Inc. (NASDAQ:AMZN)’s share price dropped 0.5% during trading on Friday . The company traded as low as $234.10 and last traded at $234.28. Approximately 6,690,430 shares changed hands during trading, a decline of 78% from the average daily volume of 29,835,078 shares. The stock had previously closed at $235.42.

Wall Street Analyst Weigh In

AMZN has been the subject of a number of recent analyst reports. Needham & Company LLC reiterated a “buy” rating and set a $250.00 target price on shares of Amazon.com in a research report on Tuesday, January 21st. BMO Capital Markets reaffirmed an “outperform” rating and set a $236.00 price objective on shares of Amazon.com in a research report on Tuesday, December 3rd. Redburn Atlantic boosted their target price on shares of Amazon.com from $225.00 to $235.00 and gave the company a “buy” rating in a research report on Tuesday, November 26th. Cantor Fitzgerald reissued an “overweight” rating and issued a $270.00 price objective on shares of Amazon.com in a research note on Wednesday. Finally, Deutsche Bank Aktiengesellschaft raised their target price on Amazon.com from $225.00 to $232.00 and gave the company a “buy” rating in a report on Friday, November 1st. Two equities research analysts have rated the stock with a hold rating, forty-two have issued a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, Amazon.com presently has an average rating of “Moderate Buy” and a consensus target price of $249.02.

Amazon.com Stock Down 0.2 %

The firm has a market capitalization of $2.47 trillion, a P/E ratio of 50.29, a PEG ratio of 1.31 and a beta of 1.14. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.87 and a current ratio of 1.09. The stock has a 50 day moving average of $220.27 and a 200-day moving average of $197.47.

Amazon.com (NASDAQ:AMZN) last posted its quarterly earnings results 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. The company had revenue of $158.88 billion for the quarter, compared to analyst estimates of $157.28 billion. Amazon.com had a net margin of 8.04% and a return on equity of 22.41%. The company’s quarterly revenue was up 11.0% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.85 earnings per share. Research analysts predict 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 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 completion of the transaction, the director now directly owns 24,912 shares in the company, valued at $4,958,982.72. The trade was a 4.73 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CEO Douglas J. Herrington sold 3,500 shares of the stock in a transaction on Monday, December 2nd. The stock was sold at an average price of $210.00, for a total value of $735,000.00. Following the completion of the sale, the chief executive officer now owns 524,567 shares in the company, valued at $110,159,070. This trade represents a 0.66 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 6,032,344 shares of company stock worth $1,253,456,822 over the last ninety days. Company insiders own 10.80% of the company’s stock.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently modified their holdings of AMZN. Accordant Advisory Group Inc raised its position in shares of Amazon.com by 400.0% during the 4th quarter. Accordant Advisory Group Inc now owns 125 shares of the e-commerce giant’s stock valued at $27,000 after buying an additional 100 shares in the last quarter. Icon Wealth Advisors LLC raised its position in Amazon.com by 20.5% during 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 stake in Amazon.com by 64.6% during the second quarter. PayPay Securities Corp now owns 163 shares of the e-commerce giant’s stock worth $32,000 after purchasing an additional 64 shares during the last quarter. Hoese & Co LLP purchased a new position in shares of Amazon.com in the 3rd quarter worth about $37,000. Finally, Bull Oak Capital LLC bought a new position in shares of Amazon.com during the 3rd quarter valued at about $45,000. Hedge funds and other institutional investors own 72.20% of the company’s stock.

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.