Amazon.com (NASDAQ:AMZN) Stock Price Down 2% – Time to Sell?

Amazon.com, Inc. (NASDAQ:AMZN) shares were down 2% on Wednesday . The stock traded as low as $243.75 and last traded at $244.20. Approximately 30,499,680 shares changed hands during mid-day trading, a decline of 32% from the average daily volume of 45,120,227 shares. The stock had previously closed at $249.10.

Analyst Ratings Changes

Several equities analysts recently commented on the stock. BMO Capital Markets reaffirmed an “outperform” rating and set a $300.00 price objective on shares of Amazon.com in a research note on Friday, October 31st. TD Cowen increased their price target on shares of Amazon.com from $255.00 to $300.00 and gave the company a “buy” rating in a research report on Friday, October 31st. Benchmark lifted their price target on shares of Amazon.com from $260.00 to $295.00 and gave the company a “buy” rating in a report on Friday, October 31st. William Blair reissued an “outperform” rating on shares of Amazon.com in a research report on Monday, November 3rd. Finally, Royal Bank Of Canada reaffirmed an “outperform” rating on shares of Amazon.com in a research note on Friday, October 31st. Two analysts have rated the stock with a Strong Buy rating, fifty-seven have issued a Buy rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, Amazon.com presently has a consensus rating of “Buy” and an average price target of $294.15.

Amazon.com Trading Down 2.0%

The stock has a market capitalization of $2.61 trillion, a PE ratio of 37.23, a PEG ratio of 1.52 and a beta of 1.29. The stock’s 50 day moving average price is $228.25 and its 200-day moving average price is $219.87. The company has a quick ratio of 0.81, a current ratio of 1.02 and a debt-to-equity ratio of 0.15.

Amazon.com (NASDAQ:AMZN) last posted its quarterly earnings results on Thursday, October 30th. The e-commerce giant reported $1.95 earnings per share for the quarter, topping the consensus estimate of $1.57 by $0.38. The business had revenue of $180.17 billion during the quarter, compared to the consensus estimate of $177.53 billion. Amazon.com had a return on equity of 23.84% and a net margin of 10.54%.The firm’s revenue for the quarter was up 13.4% compared to the same quarter last year. During the same period in the prior year, the company posted $1.43 EPS. Amazon.com has set its Q4 2025 guidance at EPS. On average, sell-side analysts expect that Amazon.com, Inc. will post 6.31 earnings per share for the current fiscal year.

Insider Transactions at Amazon.com

In other Amazon.com news, Director Jonathan Rubinstein sold 8,173 shares of Amazon.com stock in a transaction that occurred on Friday, October 31st. The stock was sold at an average price of $250.03, for a total value of $2,043,495.19. Following the sale, the director owned 80,030 shares of the company’s stock, valued at $20,009,900.90. The trade was a 9.27% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, CEO Douglas J. Herrington sold 2,500 shares of the business’s stock in a transaction on Monday, November 3rd. The stock was sold at an average price of $255.44, for a total transaction of $638,600.00. Following the completion of the sale, the chief executive officer owned 491,007 shares in the company, valued at $125,422,828.08. This represents a 0.51% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last ninety days, insiders sold 128,084 shares of company stock valued at $29,405,457. 9.70% of the stock is owned by insiders.

Hedge Funds Weigh In On Amazon.com

Several hedge funds have recently added to or reduced their stakes in the company. Barlow Wealth Partners Inc. increased its stake in shares of Amazon.com by 0.4% during the second quarter. Barlow Wealth Partners Inc. now owns 12,565 shares of the e-commerce giant’s stock worth $2,763,000 after acquiring an additional 44 shares during the period. Ridgecrest Wealth Partners LLC grew its holdings in Amazon.com by 0.5% during the second quarter. Ridgecrest Wealth Partners LLC now owns 8,399 shares of the e-commerce giant’s stock worth $1,843,000 after acquiring an additional 45 shares during the period. Probity Advisors Inc. raised its position in Amazon.com by 0.4% in the second quarter. Probity Advisors Inc. now owns 12,157 shares of the e-commerce giant’s stock worth $2,667,000 after acquiring an additional 45 shares in the last quarter. Union Savings Bank lifted its position in shares of Amazon.com by 0.4% during the 2nd quarter. Union Savings Bank now owns 10,723 shares of the e-commerce giant’s stock valued at $2,510,000 after acquiring an additional 45 shares during the period. Finally, Doheny Asset Management CA grew its stake in Amazon.com by 0.3% in the 2nd quarter. Doheny Asset Management CA now owns 17,821 shares of the e-commerce giant’s stock valued at $3,910,000 after acquiring an additional 45 shares during the last quarter. 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.