Amazon.com (NASDAQ:AMZN) Trading Down 0.2% – Here’s Why

Amazon.com, Inc. (NASDAQ:AMZN) shares fell 0.2% during trading on Wednesday . The company traded as low as $220.20 and last traded at $221.72. 6,393,471 shares changed hands during mid-day trading, a decline of 75% from the average session volume of 25,475,348 shares. The stock had previously closed at $222.11.

Analyst Upgrades and Downgrades

A number of brokerages have issued reports on AMZN. Jefferies Financial Group upped their target price on Amazon.com from $235.00 to $275.00 and gave the stock a “buy” rating in a report on Monday, December 16th. DA Davidson reiterated a “buy” rating and issued a $235.00 target price on shares of Amazon.com in a report on Thursday, October 10th. Tigress Financial raised their price objective on shares of Amazon.com from $245.00 to $290.00 and gave the stock a “buy” rating in a research report on Friday, December 20th. Scotiabank boosted their target price on shares of Amazon.com from $245.00 to $246.00 and gave the company a “sector outperform” rating in a research report on Friday, November 1st. Finally, Stifel Nicolaus raised their price target on shares of Amazon.com from $224.00 to $245.00 and gave the stock a “buy” rating in a report on Friday, November 1st. Two equities research analysts have rated the stock with a hold rating, forty-one have assigned a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, Amazon.com presently has a consensus rating of “Moderate Buy” and an average target price of $243.67.

Amazon.com Trading Up 0.0 %

The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.87 and a current ratio of 1.09. The stock has a market capitalization of $2.34 trillion, a P/E ratio of 47.57, a price-to-earnings-growth ratio of 1.54 and a beta of 1.14. The stock has a 50-day moving average price of $214.48 and a two-hundred day moving average price of $194.73.

Amazon.com (NASDAQ:AMZN) last released its quarterly 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. The business had revenue of $158.88 billion for the quarter, compared to analysts’ expectations of $157.28 billion. Amazon.com had a net margin of 8.04% and a return on equity of 22.41%. The firm’s revenue for the quarter was up 11.0% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.85 earnings per share. On average, research analysts forecast that Amazon.com, Inc. will post 5.29 EPS for the current fiscal year.

Insider Buying and Selling

In other news, CEO Douglas J. Herrington sold 5,502 shares of the business’s stock in a transaction that occurred on Friday, November 15th. The shares were sold at an average price of $205.81, for a total transaction of $1,132,366.62. Following the completion of the transaction, the chief executive officer now directly owns 518,911 shares of the company’s stock, valued at $106,797,072.91. The trade was a 1.05 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Jeffrey P. Bezos sold 2,996,362 shares of the business’s stock in a transaction on Friday, November 8th. The shares were sold at an average price of $208.85, for a total transaction of $625,790,203.70. Following the sale, the insider now owns 917,416,976 shares of the company’s stock, valued at approximately $191,602,535,437.60. This 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 worth $1,253,456,822 in the last three months. Insiders own 10.80% of the company’s stock.

Institutional Trading of Amazon.com

Several institutional investors and hedge funds have recently modified their holdings of AMZN. International Assets Investment Management LLC grew its holdings in shares of Amazon.com by 20,897.2% in the third quarter. International Assets Investment Management LLC now owns 39,135,449 shares of the e-commerce giant’s stock valued at $72,921,080,000 after purchasing an additional 38,949,065 shares in the last quarter. Parnassus Investments LLC lifted its stake in shares of Amazon.com by 82,457.3% in the 3rd quarter. Parnassus Investments LLC now owns 11,405,294 shares of the e-commerce giant’s stock valued at $2,125,148,000 after purchasing an additional 11,391,479 shares during the last quarter. State Street Corp lifted its holdings in shares of Amazon.com by 3.3% in the 3rd quarter. State Street Corp now owns 359,179,990 shares of the e-commerce giant’s stock worth $66,926,008,000 after acquiring an additional 11,370,309 shares during the last quarter. Geode Capital Management LLC grew its holdings in Amazon.com by 3.4% during the 3rd quarter. Geode Capital Management LLC now owns 199,915,046 shares of the e-commerce giant’s stock valued at $37,116,341,000 after purchasing an additional 6,545,944 shares during the last quarter. Finally, Strategic Financial Concepts LLC raised its position in Amazon.com by 13,606.7% in the 2nd quarter. Strategic Financial Concepts LLC now owns 3,932,580 shares of the e-commerce giant’s stock worth $759,971,000 after purchasing an additional 3,903,889 shares during the period. 72.20% of the stock is currently owned by institutional investors.

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.