Amazon.com (NASDAQ:AMZN) Trading Down 0.5% – What’s Next?

Shares of Amazon.com, Inc. (NASDAQ:AMZN) dropped 0.5% on Monday . The stock traded as low as $186.40 and last traded at $187.97. Approximately 7,230,064 shares changed hands during trading, a decline of 82% from the average daily volume of 41,161,836 shares. The stock had previously closed at $188.99.

Wall Street Analysts Forecast Growth

Several equities analysts recently commented on the stock. Bank of America dropped their price target on shares of Amazon.com from $220.00 to $210.00 and set a “buy” rating for the company in a research report on Friday, August 2nd. Sanford C. Bernstein upped their price target on Amazon.com from $210.00 to $215.00 and gave the stock an “outperform” rating in a research note on Monday, July 22nd. JPMorgan Chase & Co. reduced their price objective on Amazon.com from $240.00 to $230.00 and set an “overweight” rating on the stock in a research note on Friday, August 2nd. Wedbush reissued an “outperform” rating and issued a $225.00 price objective on shares of Amazon.com in a research report on Friday, August 2nd. Finally, Telsey Advisory Group reaffirmed an “outperform” rating and set a $215.00 price target on shares of Amazon.com in a research report on Thursday, October 10th. Two research analysts have rated the stock with a hold rating, forty-two have assigned a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $236.78.

Amazon.com Stock Down 0.3 %

The company has a debt-to-equity ratio of 0.23, a quick ratio of 0.88 and a current ratio of 1.10. The company has a market cap of $1.96 trillion, a P/E ratio of 52.88, a P/E/G ratio of 1.38 and a beta of 1.14. The stock has a 50 day moving average price of $181.98 and a 200 day moving average price of $183.43.

Amazon.com (NASDAQ:AMZN) last posted its quarterly earnings data on Thursday, August 1st. The e-commerce giant reported $1.23 earnings per share for the quarter, beating the consensus estimate of $1.05 by $0.18. The company had revenue of $147.98 billion during the quarter, compared to analyst estimates of $148.63 billion. Amazon.com had a net margin of 7.35% and a return on equity of 21.39%. Research analysts expect that Amazon.com, Inc. will post 4.85 earnings per share for the current fiscal year.

Insider Activity

In other news, CEO Douglas J. Herrington sold 3,500 shares of the company’s stock in a transaction dated Thursday, August 1st. The stock was sold at an average price of $189.25, for a total transaction of $662,375.00. Following the completion of the sale, the chief executive officer now owns 503,753 shares in the company, valued at approximately $95,335,255.25. This represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. In related news, CEO Andrew R. Jassy sold 20,784 shares of Amazon.com stock in a transaction dated Wednesday, August 21st. The stock was sold at an average price of $180.77, for a total transaction of $3,757,123.68. Following the sale, the chief executive officer now directly owns 2,056,534 shares of the company’s stock, valued at $371,759,651.18. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Douglas J. Herrington sold 3,500 shares of Amazon.com stock in a transaction that occurred on Thursday, August 1st. The stock was sold at an average price of $189.25, for a total value of $662,375.00. Following the sale, the chief executive officer now directly owns 503,753 shares in the company, valued at $95,335,255.25. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 54,355 shares of company stock worth $9,877,423. 10.80% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Amazon.com

Institutional investors and hedge funds have recently bought and sold shares of the business. 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 period. Hoese & Co LLP bought a new stake in Amazon.com in the third quarter valued at $37,000. Christopher J. Hasenberg Inc lifted its holdings in shares of Amazon.com by 650.0% during the second quarter. Christopher J. Hasenberg Inc now owns 300 shares of the e-commerce giant’s stock valued at $58,000 after acquiring an additional 260 shares during the period. Steph & Co. acquired a new stake in shares of Amazon.com in the 1st quarter valued at $65,000. Finally, Koesten Hirschmann & Crabtree INC. bought a new stake in shares of Amazon.com in the 1st quarter worth about $69,000. Institutional investors own 72.20% of the company’s stock.

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.