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

Amazon.com, Inc. (NASDAQ:AMZN)’s stock price fell 3.2% during mid-day trading on Thursday . The stock traded as low as $166.32 and last traded at $170.92. 20,671,126 shares were traded during trading, a decline of 51% from the average session volume of 42,438,934 shares. The stock had previously closed at $176.59.

Analyst Ratings Changes

Several equities analysts recently commented on AMZN shares. Robert W. Baird boosted their price objective on shares of Amazon.com from $185.00 to $205.00 and gave the company an “outperform” rating in a research note on Friday, February 2nd. Evercore ISI boosted their target price on Amazon.com from $195.00 to $220.00 and gave the stock an “outperform” rating in a research report on Friday, February 2nd. Canaccord Genuity Group lifted their price target on shares of Amazon.com from $185.00 to $200.00 and gave the stock a “buy” rating in a research note on Friday, February 2nd. Telsey Advisory Group reiterated an “outperform” rating and issued a $200.00 target price on shares of Amazon.com in a research report on Thursday. Finally, Monness Crespi & Hardt lifted their price objective on Amazon.com from $170.00 to $215.00 and gave the stock a “buy” rating in a report on Friday, February 2nd. One investment analyst has rated the stock with a hold rating, forty-four have given a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, Amazon.com currently has an average rating of “Buy” and a consensus target price of $205.13.

Amazon.com Stock Down 1.7 %

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

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

Insiders Place Their Bets

In other Amazon.com news, insider Jeffrey P. Bezos sold 5,998,849 shares of the company’s stock in a transaction dated Wednesday, February 7th. The shares were sold at an average price of $170.16, for a total value of $1,020,764,145.84. Following the completion of the transaction, the insider now directly owns 982,252,968 shares of the company’s stock, valued at approximately $167,140,165,034.88. The transaction was disclosed in a filing with the SEC, which is accessible through this link. In other news, 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 completion of the transaction, the chief executive officer now directly owns 116,560 shares in the company, valued at $18,150,723.20. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider Jeffrey P. Bezos sold 5,998,849 shares of Amazon.com stock in a transaction on Wednesday, February 7th. The shares were sold at an average price of $170.16, for a total value of $1,020,764,145.84. Following the sale, the insider now directly owns 982,252,968 shares in the company, valued at approximately $167,140,165,034.88. 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 ninety days. 10.30% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of the stock. Ridgecrest Wealth Partners LLC boosted its position in shares of Amazon.com by 0.7% in the 1st quarter. Ridgecrest Wealth Partners LLC now owns 7,755 shares of the e-commerce giant’s stock valued at $1,399,000 after purchasing an additional 56 shares during the period. Stordahl Capital Management Inc. raised its holdings in shares of Amazon.com by 2.1% during the first quarter. Stordahl Capital Management Inc. now owns 2,763 shares of the e-commerce giant’s stock valued at $498,000 after acquiring an additional 56 shares during the period. Echo45 Advisors LLC boosted its stake in Amazon.com by 0.9% in the 1st quarter. Echo45 Advisors LLC now owns 6,619 shares of the e-commerce giant’s stock worth $1,194,000 after purchasing an additional 59 shares during the period. Boyd Wealth Management LLC boosted its position in shares of Amazon.com by 1.7% in the first quarter. Boyd Wealth Management LLC now owns 3,655 shares of the e-commerce giant’s stock worth $659,000 after buying an additional 60 shares during the period. Finally, ShoreHaven Wealth Partners LLC grew its position in Amazon.com by 1.9% during the fourth quarter. ShoreHaven Wealth Partners LLC now owns 3,234 shares of the e-commerce giant’s stock valued at $491,000 after purchasing an additional 60 shares in the last quarter. Institutional investors own 72.20% of the company’s stock.

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.