Amazon.com (NASDAQ:AMZN) Trading Down 3.2%

Amazon.com, Inc. (NASDAQ:AMZN) was down 3.2% during trading on Thursday . The company traded as low as $166.32 and last traded at $170.92. Approximately 20,671,126 shares changed hands during trading, a decline of 51% from the average daily volume of 42,438,934 shares. The stock had previously closed at $176.59.

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on the stock. Truist Financial lifted their price objective on shares of Amazon.com from $195.00 to $216.00 and gave the company a “buy” rating in a report on Wednesday, April 17th. Evercore ISI increased their target price on shares of Amazon.com from $195.00 to $220.00 and gave the company an “outperform” rating in a research report on Friday, February 2nd. Benchmark reaffirmed a “buy” rating and set a $200.00 price target on shares of Amazon.com in a research report on Wednesday. Maxim Group began coverage on Amazon.com in a research note on Wednesday, April 17th. They set a “buy” rating and a $218.00 target price on the stock. Finally, Robert W. Baird upped their target price on Amazon.com from $185.00 to $205.00 and gave the company an “outperform” rating in a research report on Friday, February 2nd. One equities research analyst has rated the stock with a hold rating, forty-four have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Buy” and a consensus price target of $205.13.

Amazon.com Price Performance

The company’s 50-day simple moving average is $177.71 and its 200 day simple moving average is $158.12. The company has a quick ratio of 0.84, a current ratio of 1.05 and a debt-to-equity ratio of 0.29. The stock has a market capitalization of $1.80 trillion, a price-to-earnings ratio of 59.09, a P/E/G ratio of 1.56 and a beta of 1.16.

Amazon.com (NASDAQ:AMZN) last issued its quarterly earnings data on Thursday, February 1st. The e-commerce giant reported $1.00 EPS for the quarter, beating analysts’ consensus estimates of $0.81 by $0.19. Amazon.com had a return on equity of 16.61% and a net margin of 5.29%. The business had revenue of $169.96 billion for the quarter, compared to analyst estimates of $165.96 billion. During the same quarter in the prior year, the firm posted $0.21 EPS. The firm’s revenue for the quarter was up 13.9% on a year-over-year basis. Equities research analysts forecast that Amazon.com, Inc. will post 4.1 EPS for the current year.

Insider Transactions at Amazon.com

In other Amazon.com news, CEO Adam Selipsky sold 500 shares of the business’s stock in a transaction dated Thursday, February 1st. The shares were sold at an average price of $155.72, for a total value of $77,860.00. Following the transaction, the chief executive officer now directly owns 116,560 shares in the company, valued at $18,150,723.20. The transaction was disclosed in a document filed with the SEC, which is available through this link. In other news, CEO Douglas J. Herrington sold 3,500 shares of the firm’s stock in a transaction dated Monday, April 1st. The shares were sold at an average price of $180.73, for a total value of $632,555.00. Following the transaction, the chief executive officer now owns 512,858 shares of the company’s stock, valued at approximately $92,688,826.34. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Adam Selipsky sold 500 shares of the business’s stock in a transaction that occurred on Thursday, February 1st. The stock was sold at an average price of $155.72, for a total transaction of $77,860.00. Following the sale, the chief executive officer now directly owns 116,560 shares of the company’s stock, valued at $18,150,723.20. The disclosure for this sale can be found here. Insiders sold a total of 32,214,010 shares of company stock worth $5,505,889,146 over the last three months. 10.30% of the stock is currently owned by insiders.

Institutional Trading of Amazon.com

Institutional investors and hedge funds have recently made changes to their positions in the business. Vanguard Group Inc. boosted its holdings in shares of Amazon.com by 1.7% in the fourth quarter. Vanguard Group Inc. now owns 771,086,427 shares of the e-commerce giant’s stock valued at $117,158,872,000 after buying an additional 13,134,632 shares during the period. FMR LLC increased its holdings in Amazon.com by 7.7% during the 3rd quarter. FMR LLC now owns 302,101,441 shares of the e-commerce giant’s stock worth $38,403,135,000 after purchasing an additional 21,649,871 shares in the last quarter. Norges Bank acquired a new stake in shares of Amazon.com in the 4th quarter valued at about $17,700,551,000. Northern Trust Corp lifted its holdings in shares of Amazon.com by 3.7% in the third quarter. Northern Trust Corp now owns 92,329,336 shares of the e-commerce giant’s stock valued at $11,736,905,000 after purchasing an additional 3,260,411 shares in the last quarter. Finally, Jennison Associates LLC grew its holdings in shares of Amazon.com by 2.5% during the fourth quarter. Jennison Associates LLC now owns 56,371,051 shares of the e-commerce giant’s stock worth $8,565,017,000 after buying an additional 1,389,503 shares in the last quarter. 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.