Amazon.com (NASDAQ:AMZN) Stock Price Down 2.1% – Should You Sell?

Shares of Amazon.com, Inc. (NASDAQ:AMZN) dropped 2.1% on Friday . The stock traded as low as $196.52 and last traded at $196.51. Approximately 13,880,801 shares traded hands during mid-day trading, a decline of 63% from the average daily volume of 37,221,484 shares. The stock had previously closed at $200.70.

Wall Street Analyst Weigh In

A number of equities analysts have recently issued reports on AMZN shares. Moffett Nathanson raised their target price on shares of Amazon.com from $235.00 to $248.00 and gave the stock a “buy” rating in a research report on Tuesday, November 26th. Jefferies Financial Group raised their price objective on shares of Amazon.com from $235.00 to $275.00 and gave the stock a “buy” rating in a research report on Monday, December 16th. Sanford C. Bernstein upped their target price on shares of Amazon.com from $235.00 to $265.00 and gave the company an “outperform” rating in a report on Wednesday, December 18th. Stifel Nicolaus increased their target price on shares of Amazon.com from $245.00 to $275.00 and gave the stock a “buy” rating in a research note on Friday, February 7th. Finally, Barclays boosted their price target on Amazon.com from $235.00 to $265.00 and gave the company an “overweight” rating in a research report on Friday, February 7th. Two research analysts have rated the stock with a hold rating, forty-two have issued a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $260.65.

Amazon.com Price Performance

The company’s 50 day simple moving average is $224.11 and its 200 day simple moving average is $206.80. The company has a current ratio of 1.06, a quick ratio of 0.87 and a debt-to-equity ratio of 0.18. The stock has a market capitalization of $2.11 trillion, a PE ratio of 36.03, a PEG ratio of 1.50 and a beta of 1.19.

Amazon.com (NASDAQ:AMZN) last released its earnings results on Thursday, February 6th. The e-commerce giant reported $1.86 EPS for the quarter, beating the consensus estimate of $1.52 by $0.34. Amazon.com had a return on equity of 24.25% and a net margin of 9.29%. On average, equities analysts anticipate that Amazon.com, Inc. will post 6.31 earnings per share for the current year.

Insider Activity at Amazon.com

In related news, VP Shelley Reynolds sold 8,833 shares of Amazon.com stock in a transaction on Friday, February 21st. The stock was sold at an average price of $222.47, for a total value of $1,965,077.51. Following the transaction, the vice president now owns 119,780 shares in the company, valued at approximately $26,647,456.60. This trade represents a 6.87 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, SVP David Zapolsky sold 19,212 shares of the company’s stock in a transaction dated Monday, February 24th. The stock was sold at an average price of $217.50, for a total value of $4,178,610.00. Following the sale, the senior vice president now owns 49,950 shares of the company’s stock, valued at $10,864,125. This represents a 27.78 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 106,649 shares of company stock worth $23,871,905. 10.80% of the stock is owned by company insiders.

Institutional Investors Weigh In On Amazon.com

Several institutional investors have recently bought and sold shares of the business. AMF Tjanstepension AB lifted its position in Amazon.com by 44.3% during the 3rd quarter. AMF Tjanstepension AB now owns 2,641,401 shares of the e-commerce giant’s stock worth $492,172,000 after acquiring an additional 811,425 shares in the last quarter. Nvest Financial LLC lifted its holdings in Amazon.com by 1.8% in the 3rd quarter. Nvest Financial LLC now owns 23,789 shares of the e-commerce giant’s stock worth $4,433,000 after buying an additional 422 shares in the last quarter. Pacific Sun Financial Corp boosted its holdings in Amazon.com by 0.7% in the third quarter. Pacific Sun Financial Corp now owns 8,737 shares of the e-commerce giant’s stock valued at $1,628,000 after purchasing an additional 60 shares during the last quarter. Ferguson Shapiro LLC grew its stake in Amazon.com by 2.8% during the 3rd quarter. Ferguson Shapiro LLC now owns 6,295 shares of the e-commerce giant’s stock valued at $1,173,000 after purchasing an additional 173 shares in the last quarter. Finally, Freestate Advisors LLC purchased a new stake in Amazon.com during the 3rd quarter worth approximately $252,000. 72.20% of the stock is currently owned by hedge funds and other institutional investors.

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.