Amazon.com (NASDAQ:AMZN) Trading Down 0.5% – Here’s Why

Amazon.com, Inc. (NASDAQ:AMZN)’s share price fell 0.5% during mid-day trading on Friday . The company traded as low as $234.10 and last traded at $234.28. 6,690,430 shares were traded during mid-day trading, a decline of 78% from the average session volume of 29,835,078 shares. The stock had previously closed at $235.42.

Analysts Set New Price Targets

A number of equities analysts recently commented on the stock. Cantor Fitzgerald reiterated an “overweight” rating and issued a $270.00 target price on shares of Amazon.com in a research report on Wednesday. Wolfe Research lifted their price objective on Amazon.com from $250.00 to $270.00 and gave the stock an “outperform” rating in a report on Friday, January 3rd. Wells Fargo & Company increased their target price on Amazon.com from $197.00 to $212.00 and gave the company an “equal weight” rating in a report on Tuesday, January 14th. Wedbush lifted their price target on Amazon.com from $250.00 to $260.00 and gave the stock an “outperform” rating in a research note on Monday, January 6th. Finally, The Goldman Sachs Group increased their price objective on Amazon.com from $230.00 to $240.00 and gave the company a “buy” rating in a research note on Friday, November 1st. Two investment analysts have rated the stock with a hold rating, forty-two have given a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, Amazon.com currently has an average rating of “Moderate Buy” and an average price target of $249.02.

Amazon.com Stock Down 0.2 %

The company has a market capitalization of $2.47 trillion, a PE ratio of 50.29, a P/E/G ratio of 1.31 and a beta of 1.14. 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 company’s 50-day moving average is $220.27 and its 200 day moving average is $197.47.

Amazon.com (NASDAQ:AMZN) last posted its quarterly earnings results on Thursday, October 31st. The e-commerce giant reported $1.43 EPS for the quarter, beating analysts’ consensus estimates of $1.14 by $0.29. Amazon.com had a net margin of 8.04% and a return on equity of 22.41%. The firm had revenue of $158.88 billion for the quarter, compared to analysts’ expectations of $157.28 billion. During the same quarter in the prior year, the company posted $0.85 earnings per share. The business’s revenue for the quarter was up 11.0% on a year-over-year basis. As a group, analysts anticipate that Amazon.com, Inc. will post 5.39 EPS for the current year.

Insiders Place Their Bets

In other news, Director Jonathan Rubinstein sold 4,351 shares of Amazon.com stock in a transaction that occurred on Monday, December 9th. The shares were sold at an average price of $229.85, for a total value of $1,000,077.35. Following the completion of the sale, the director now directly owns 88,203 shares in the company, valued at $20,273,459.55. The trade was a 4.70 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, CEO Douglas J. Herrington sold 3,500 shares of the stock in a transaction that occurred on Monday, December 2nd. The shares were sold at an average price of $210.00, for a total transaction of $735,000.00. Following the transaction, the chief executive officer now owns 524,567 shares in the company, valued at approximately $110,159,070. This trade represents a 0.66 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 6,032,344 shares of company stock valued at $1,253,456,822. Corporate insiders own 10.80% of the company’s stock.

Institutional Trading of Amazon.com

Large investors have recently modified their holdings of the company. MBM Wealth Consultants LLC grew its stake in shares of Amazon.com by 0.6% during the 4th quarter. MBM Wealth Consultants LLC now owns 8,578 shares of the e-commerce giant’s stock valued at $1,889,000 after purchasing an additional 48 shares during the period. Semus Wealth Partners LLC boosted its holdings in shares of Amazon.com by 0.3% in the third quarter. Semus Wealth Partners LLC now owns 17,920 shares of the e-commerce giant’s stock worth $3,339,000 after buying an additional 49 shares during the last quarter. Bell Investment Advisors Inc grew its position in Amazon.com by 1.5% during the third quarter. Bell Investment Advisors Inc now owns 3,359 shares of the e-commerce giant’s stock valued at $626,000 after buying an additional 51 shares during the period. Eaton Cambridge Inc. increased its holdings in Amazon.com by 1.1% during the fourth quarter. Eaton Cambridge Inc. now owns 4,533 shares of the e-commerce giant’s stock valued at $994,000 after buying an additional 51 shares during the last quarter. Finally, Proathlete Wealth Management LLC raised its position in Amazon.com by 0.4% in the fourth quarter. Proathlete Wealth Management LLC now owns 12,853 shares of the e-commerce giant’s stock worth $2,820,000 after acquiring an additional 51 shares during the period. 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.