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

Amazon.com, Inc. (NASDAQ:AMZN) shares dropped 0.5% during mid-day trading on Friday . The stock traded as low as $227.40 and last traded at $227.85. Approximately 6,873,426 shares traded hands during trading, a decline of 83% from the average daily volume of 41,167,703 shares. The stock had previously closed at $228.97.

Analyst Upgrades and Downgrades

Several analysts have recently issued reports on the stock. Redburn Atlantic increased their price target on shares of Amazon.com from $225.00 to $235.00 and gave the stock a “buy” rating in a research report on Tuesday, November 26th. JMP Securities boosted their price target on shares of Amazon.com from $265.00 to $285.00 and gave the stock a “market outperform” rating in a research note on Friday, November 1st. Telsey Advisory Group upped their price objective on Amazon.com from $215.00 to $235.00 and gave the stock an “outperform” rating in a research report on Friday, November 1st. Evercore ISI increased their price target on Amazon.com from $240.00 to $260.00 and gave the company an “outperform” rating in a research report on Friday, November 1st. Finally, Roth Mkm increased their price objective on shares of Amazon.com from $220.00 to $250.00 and gave the company a “buy” rating in a research report on Monday. Two equities research analysts have rated the stock with a hold rating, forty-one have given a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $238.87.

Amazon.com Price Performance

The firm has a market cap of $2.40 trillion, a PE ratio of 48.79, a price-to-earnings-growth ratio of 1.54 and a beta of 1.16. The company has a 50 day moving average price of $200.84 and a 200 day moving average price of $189.35. The company has a current ratio of 1.09, a quick ratio of 0.87 and a debt-to-equity ratio of 0.21.

Amazon.com (NASDAQ:AMZN) last posted its earnings results on Thursday, October 31st. The e-commerce giant reported $1.43 earnings per share for the quarter, beating the consensus estimate of $1.14 by $0.29. Amazon.com had a return on equity of 22.41% and a net margin of 8.04%. The company had revenue of $158.88 billion for the quarter, compared to analyst estimates of $157.28 billion. During the same quarter in the prior year, the company earned $0.85 earnings per share. Amazon.com’s revenue was up 11.0% compared to the same quarter last year. On average, sell-side analysts expect that Amazon.com, Inc. will post 5.29 EPS for the current 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 on Monday, December 9th. The shares were sold at an average price of $229.85, for a total value of $1,000,077.35. Following the transaction, the director now owns 88,203 shares in the company, valued at $20,273,459.55. This trade represents a 4.70 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Daniel P. Huttenlocher sold 1,237 shares of the company’s stock in a transaction on Tuesday, November 19th. The stock was sold at an average price of $199.06, for a total value of $246,237.22. Following the sale, the director now owns 24,912 shares of the company’s stock, valued at approximately $4,958,982.72. The trade was a 4.73 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 6,034,534 shares of company stock worth $1,253,883,872 over the last ninety days. 10.80% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Amazon.com

A number of institutional investors have recently added to or reduced their stakes in the company. Legacy Wealth Management LLC MS grew its holdings in shares of Amazon.com by 75.7% during the 3rd quarter. Legacy Wealth Management LLC MS now owns 12,922 shares of the e-commerce giant’s stock worth $2,408,000 after purchasing an additional 5,567 shares during the period. Alternative Investment Advisors LLC. grew its stake in Amazon.com by 2.2% during the third quarter. Alternative Investment Advisors LLC. now owns 10,164 shares of the e-commerce giant’s stock worth $1,894,000 after buying an additional 215 shares during the period. DGS Capital Management LLC increased its position in shares of Amazon.com by 4.3% in the third quarter. DGS Capital Management LLC now owns 25,410 shares of the e-commerce giant’s stock worth $4,735,000 after acquiring an additional 1,039 shares in the last quarter. Copley Financial Group Inc. purchased a new position in shares of Amazon.com in the 3rd quarter valued at $705,000. Finally, Milestone Resources Group Ltd lifted its holdings in shares of Amazon.com by 31.9% during the 3rd quarter. Milestone Resources Group Ltd now owns 1,183,916 shares of the e-commerce giant’s stock valued at $220,599,000 after acquiring an additional 286,141 shares in the last quarter. 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.