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

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

Analyst Ratings Changes

A number of equities analysts recently issued reports on AMZN shares. Wolfe Research upped their price target on Amazon.com from $250.00 to $270.00 and gave the company an “outperform” rating in a report on Friday, January 3rd. Telsey Advisory Group increased their target price on shares of Amazon.com from $215.00 to $235.00 and gave the company an “outperform” rating in a research report on Friday, November 1st. Bank of America boosted their price target on shares of Amazon.com from $210.00 to $230.00 and gave the company a “buy” rating in a research report on Friday, November 1st. Stifel Nicolaus lifted their target price on Amazon.com from $224.00 to $245.00 and gave the stock a “buy” rating in a research report on Friday, November 1st. Finally, Oppenheimer upped their target price on Amazon.com from $220.00 to $230.00 and gave the company an “outperform” rating in a research report on Friday, November 1st. Two 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 company’s stock. According to MarketBeat, Amazon.com currently has a consensus rating of “Moderate Buy” and an average price target of $249.02.

Amazon.com Trading Down 0.2 %

The company has a debt-to-equity ratio of 0.21, a current ratio of 1.09 and a quick ratio of 0.87. The firm has a market cap of $2.47 trillion, a price-to-earnings ratio of 50.29, a price-to-earnings-growth ratio of 1.31 and a beta of 1.14. The business’s 50-day moving average price is $220.27 and its two-hundred day moving average price is $197.47.

Amazon.com (NASDAQ:AMZN) last issued its quarterly earnings results on Thursday, October 31st. The e-commerce giant reported $1.43 earnings per share for the quarter, topping analysts’ consensus estimates 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 return on equity of 22.41% and a net margin of 8.04%. The business’s revenue for the quarter was up 11.0% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.85 EPS. Equities analysts expect that Amazon.com, Inc. will post 5.39 earnings per share for the current year.

Insider Activity

In other Amazon.com news, Director Jonathan Rubinstein sold 4,351 shares of the business’s stock in a transaction dated Monday, December 9th. The stock was sold at an average price of $229.85, for a total transaction of $1,000,077.35. Following the completion of the sale, the director now owns 88,203 shares of the company’s stock, valued at approximately $20,273,459.55. The trade was a 4.70 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Jeffrey P. Bezos sold 2,996,362 shares of the firm’s stock in a transaction dated Friday, November 8th. The stock was sold at an average price of $208.85, for a total value of $625,790,203.70. Following the completion of the transaction, the insider now owns 917,416,976 shares in the company, valued at approximately $191,602,535,437.60. This trade represents a 0.33 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 6,032,344 shares of company stock valued at $1,253,456,822 in the last 90 days. 10.80% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the business. Tempus Wealth Planning LLC lifted its holdings in shares of Amazon.com by 8.1% during the 4th quarter. Tempus Wealth Planning LLC now owns 17,404 shares of the e-commerce giant’s stock valued at $3,818,000 after acquiring an additional 1,301 shares in the last quarter. Flavin Financial Services Inc. acquired a new position in shares of Amazon.com during the fourth quarter worth about $878,000. First Dallas Securities Inc. raised its holdings in shares of Amazon.com by 24.3% during the 4th quarter. First Dallas Securities Inc. now owns 35,108 shares of the e-commerce giant’s stock valued at $7,702,000 after buying an additional 6,870 shares during the period. Calamos Wealth Management LLC raised its holdings in shares of Amazon.com by 1.2% during the 4th quarter. Calamos Wealth Management LLC now owns 296,925 shares of the e-commerce giant’s stock valued at $65,142,000 after buying an additional 3,582 shares during the period. Finally, Patron Partners LLC boosted its holdings in Amazon.com by 1.1% in the 4th quarter. Patron Partners LLC now owns 29,321 shares of the e-commerce giant’s stock worth $6,433,000 after acquiring an additional 308 shares during the period. 72.20% of the stock is 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.