Amazon.com (NASDAQ:AMZN) Trading Down 0.7% – Here’s Why

Amazon.com, Inc. (NASDAQ:AMZN) shares traded down 0.7% during mid-day trading on Tuesday . The stock traded as low as $230.78 and last traded at $231.56. 7,581,758 shares traded hands during trading, a decline of 78% from the average session volume of 34,747,898 shares. The stock had previously closed at $233.14.

Wall Street Analysts Forecast Growth

A number of analysts have commented on AMZN shares. Moffett Nathanson increased their price objective on shares of Amazon.com from $235.00 to $248.00 and gave the company a “buy” rating in a report on Tuesday, November 26th. Deutsche Bank Aktiengesellschaft upped their price objective on shares of Amazon.com from $225.00 to $232.00 and gave the company a “buy” rating in a report on Friday, November 1st. Roth Mkm increased their price target on shares of Amazon.com from $220.00 to $250.00 and gave the company a “buy” rating in a research note on Monday, December 9th. Wedbush reaffirmed an “outperform” rating and issued a $280.00 price target on shares of Amazon.com in a research note on Friday. Finally, Cantor Fitzgerald reissued an “overweight” rating and issued a $270.00 target price on shares of Amazon.com in a research report on Friday. Two analysts have rated the stock with a hold rating, forty-two have given a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $260.52.

Amazon.com Trading Down 0.6 %

The firm has a market capitalization of $2.44 trillion, a P/E ratio of 41.90, a P/E/G ratio of 1.36 and a beta of 1.15. The company has a current ratio of 1.09, a quick ratio of 0.87 and a debt-to-equity ratio of 0.21. The company’s fifty day moving average is $227.38 and its 200-day moving average is $201.24.

Amazon.com (NASDAQ:AMZN) last announced its quarterly earnings data on Thursday, February 6th. The e-commerce giant reported $1.86 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.52 by $0.34. Amazon.com had a net margin of 9.29% and a return on equity of 25.49%. As a group, sell-side analysts anticipate that Amazon.com, Inc. will post 6.24 earnings per share for the current fiscal year.

Insider Activity at Amazon.com

In other Amazon.com news, CEO Matthew S. Garman sold 15,260 shares of the business’s stock in a transaction dated Thursday, November 21st. The stock was sold at an average price of $200.19, for a total transaction of $3,054,899.40. Following the completion of the sale, the chief executive officer now directly owns 349,261 shares of the company’s stock, valued at approximately $69,918,559.59. The trade was a 4.19 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Daniel P. Huttenlocher sold 1,237 shares of the firm’s stock in a transaction that occurred 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 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 have sold a total of 29,850 shares of company stock valued at $6,168,581 in the last 90 days. 10.80% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of the company. Fiera Capital Corp raised its position in shares of Amazon.com by 12.5% during the second quarter. Fiera Capital Corp now owns 401,113 shares of the e-commerce giant’s stock worth $77,515,000 after purchasing an additional 44,615 shares during the period. Meeder Advisory Services Inc. raised its holdings in Amazon.com by 36.3% during the 2nd quarter. Meeder Advisory Services Inc. now owns 156,616 shares of the e-commerce giant’s stock worth $30,266,000 after buying an additional 41,676 shares during the period. Prevail Innovative Wealth Advisors LLC lifted its stake in Amazon.com by 663.4% in the second quarter. Prevail Innovative Wealth Advisors LLC now owns 17,788 shares of the e-commerce giant’s stock valued at $3,438,000 after buying an additional 15,458 shares in the last quarter. GHP Investment Advisors Inc. lifted its stake in Amazon.com by 8.7% in the second quarter. GHP Investment Advisors Inc. now owns 5,014 shares of the e-commerce giant’s stock valued at $969,000 after buying an additional 401 shares in the last quarter. Finally, Pinkerton Retirement Specialists LLC boosted its holdings in shares of Amazon.com by 12.7% in the second quarter. Pinkerton Retirement Specialists LLC now owns 10,587 shares of the e-commerce giant’s stock valued at $2,046,000 after buying an additional 1,194 shares during the period. Institutional investors and hedge funds 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.