Amazon.com (NASDAQ:AMZN) Trading Down 0.6% – Here’s What Happened

Amazon.com, Inc. (NASDAQ:AMZN)’s share price fell 0.6% during trading on Wednesday . The stock traded as low as $186.09 and last traded at $186.61. 6,212,408 shares changed hands during trading, a decline of 85% from the average session volume of 41,336,961 shares. The stock had previously closed at $187.69.

Analyst Ratings Changes

AMZN has been the topic of a number of analyst reports. Benchmark reiterated a “buy” rating and issued a $200.00 price target on shares of Amazon.com in a research report on Friday, August 2nd. Needham & Company LLC reiterated a “buy” rating and set a $210.00 target price on shares of Amazon.com in a research report on Thursday, September 12th. Wedbush restated an “outperform” rating and issued a $225.00 price target on shares of Amazon.com in a research report on Friday, August 2nd. Robert W. Baird upped their price objective on shares of Amazon.com from $210.00 to $213.00 and gave the stock an “outperform” rating in a research note on Friday, June 21st. Finally, Evercore ISI reissued an “outperform” rating and issued a $240.00 target price on shares of Amazon.com in a report on Friday, October 11th. Two 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. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $236.78.

Amazon.com Price Performance

The company has a debt-to-equity ratio of 0.23, a current ratio of 1.10 and a quick ratio of 0.88. The company’s 50-day moving average price is $181.54 and its 200-day moving average price is $183.35. The company has a market cap of $1.98 trillion, a P/E ratio of 53.35, a P/E/G ratio of 1.38 and a beta of 1.14.

Amazon.com (NASDAQ:AMZN) last released its earnings results on Thursday, August 1st. The e-commerce giant reported $1.23 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.05 by $0.18. The firm had revenue of $147.98 billion during the quarter, compared to analysts’ expectations of $148.63 billion. Amazon.com had a return on equity of 21.39% and a net margin of 7.35%. As a group, sell-side analysts predict that Amazon.com, Inc. will post 4.85 earnings per share for the current fiscal year.

Insider Buying and Selling at Amazon.com

In other news, SVP David Zapolsky sold 2,190 shares of the firm’s stock in a transaction that occurred on Tuesday, September 24th. The shares were sold at an average price of $195.00, for a total transaction of $427,050.00. Following the completion of the transaction, the senior vice president now directly owns 62,420 shares of the company’s stock, valued at $12,171,900. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In other news, SVP David Zapolsky sold 2,190 shares of the stock in a transaction dated Tuesday, September 24th. The shares were sold at an average price of $195.00, for a total transaction of $427,050.00. Following the completion of the transaction, the senior vice president now directly owns 62,420 shares in the company, valued at $12,171,900. This represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, CFO Brian T. Olsavsky sold 14,600 shares of the firm’s stock in a transaction that occurred on Wednesday, August 21st. The shares were sold at an average price of $180.00, for a total value of $2,628,000.00. Following the completion of the transaction, the chief financial officer now owns 49,000 shares of the company’s stock, valued at approximately $8,820,000. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders have sold 54,355 shares of company stock worth $9,877,423. Corporate insiders own 10.80% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of AMZN. Moody National Bank Trust Division boosted its position in Amazon.com by 0.9% during the first quarter. Moody National Bank Trust Division now owns 91,942 shares of the e-commerce giant’s stock worth $16,584,000 after purchasing an additional 822 shares during the period. S. R. Schill & Associates grew its stake in Amazon.com by 16.2% in the 1st quarter. S. R. Schill & Associates now owns 15,969 shares of the e-commerce giant’s stock valued at $2,881,000 after buying an additional 2,223 shares during the last quarter. VERITY Wealth Advisors raised its holdings in Amazon.com by 15.6% in the 1st quarter. VERITY Wealth Advisors now owns 2,220 shares of the e-commerce giant’s stock valued at $400,000 after acquiring an additional 300 shares during the period. Somerset Trust Co lifted its position in Amazon.com by 11.3% during the first quarter. Somerset Trust Co now owns 2,444 shares of the e-commerce giant’s stock worth $441,000 after acquiring an additional 249 shares during the last quarter. Finally, Norman Fields Gottscho Capital Management LLC boosted its holdings in shares of Amazon.com by 1.1% during the first quarter. Norman Fields Gottscho Capital Management LLC now owns 42,226 shares of the e-commerce giant’s stock worth $7,617,000 after acquiring an additional 461 shares during the period. 72.20% of the stock is currently 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.