Amazon.com (NASDAQ:AMZN) Trading Down 2% – Here’s Why

Amazon.com, Inc. (NASDAQ:AMZN) shares were down 2% during trading on Wednesday . The stock traded as low as $243.75 and last traded at $244.20. Approximately 30,499,680 shares were traded 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

AMZN has been the topic of a number of research analyst reports. Sanford C. Bernstein set a $300.00 price target on Amazon.com and gave the stock an “outperform” rating in a research note on Friday, October 31st. Cowen reissued a “buy” rating on shares of Amazon.com in a research report on Friday, October 31st. Daiwa Capital Markets raised their price objective on shares of Amazon.com from $254.00 to $300.00 and gave the stock a “buy” rating in a report on Tuesday. New Street Research boosted their target price on shares of Amazon.com from $270.00 to $340.00 and gave the stock a “buy” rating in a research report on Tuesday, November 4th. Finally, CICC Research increased their price target on shares of Amazon.com from $240.00 to $280.00 and gave the company an “outperform” rating in a research report on Wednesday, November 5th. Two research analysts have rated the stock with a Strong Buy rating, fifty-seven have given a Buy rating and one has assigned a Sell rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Buy” and a consensus target price of $294.15.

Amazon.com Price Performance

The company has a debt-to-equity ratio of 0.15, a current ratio of 1.02 and a quick ratio of 0.81. The stock has a fifty day moving average price of $228.25 and a 200-day moving average price of $219.87. The company has a market cap of $2.61 trillion, a PE ratio of 37.23, a price-to-earnings-growth ratio of 1.52 and a beta of 1.29.

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

Insider Buying and Selling at Amazon.com

In other Amazon.com news, CFO Brian T. Olsavsky sold 17,750 shares of the stock in a transaction on Thursday, August 21st. The stock was sold at an average price of $222.74, for a total transaction of $3,953,635.00. Following the completion of the transaction, the chief financial officer directly owned 49,000 shares in the company, valued at $10,914,260. This represents a 26.59% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CEO Andrew R. Jassy sold 19,872 shares of the firm’s stock in a transaction on Thursday, August 21st. The shares were sold at an average price of $221.58, for a total value of $4,403,237.76. Following the completion of the sale, the chief executive officer owned 2,178,502 shares of the company’s stock, valued at approximately $482,712,473.16. This trade represents a 0.90% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold 128,084 shares of company stock worth $29,405,457 over the last three months. 9.70% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of AMZN. Fairway Wealth LLC boosted its stake in Amazon.com by 113.2% during the third quarter. Fairway Wealth LLC now owns 113 shares of the e-commerce giant’s stock worth $25,000 after acquiring an additional 60 shares in the last quarter. Carderock Capital Management Inc. bought a new position in Amazon.com during the 2nd quarter valued at $27,000. Sellwood Investment Partners LLC purchased a new position in Amazon.com during the third quarter worth about $27,000. Cooksen Wealth LLC bought a new position in shares of Amazon.com in the first quarter valued at approximately $36,000. Finally, Capitol Family Office Inc. bought a new position in Amazon.com in the 1st quarter valued at $42,000. 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.