Amazon.com (NASDAQ:AMZN) Shares Down 0.1% – Time to Sell?

Shares of Amazon.com, Inc. (NASDAQ:AMZN) fell 0.1% during trading on Wednesday . The company traded as low as $229.23 and last traded at $230.87. 6,568,168 shares changed hands during trading, a decline of 84% from the average session volume of 41,080,926 shares. The stock had previously closed at $231.15.

Wall Street Analyst Weigh In

Several equities research analysts have recently commented on AMZN shares. Scotiabank boosted their target price on shares of Amazon.com from $245.00 to $246.00 and gave the stock a “sector outperform” rating in a research report on Friday, November 1st. JPMorgan Chase & Co. boosted their price objective on Amazon.com from $250.00 to $280.00 and gave the stock an “overweight” rating in a report on Wednesday. Robert W. Baird raised their target price on Amazon.com from $220.00 to $260.00 and gave the company an “outperform” rating in a report on Friday, December 13th. Truist Financial lifted their target price on Amazon.com from $265.00 to $270.00 and gave the company a “buy” rating in a research report on Friday, November 1st. Finally, Wells Fargo & Company reissued an “equal weight” rating and issued a $197.00 price target on shares of Amazon.com in a research report on Wednesday, November 20th. Two equities research analysts have rated the stock with a hold rating, forty-one have given a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $242.00.

Amazon.com Trading Down 0.7 %

The company has a market capitalization of $2.41 trillion, a PE ratio of 49.15, a PEG ratio of 1.54 and a beta of 1.16. The stock has a fifty day moving average of $203.67 and a two-hundred day moving average of $190.54. The company has a current ratio of 1.09, a quick ratio of 0.87 and a debt-to-equity ratio of 0.21.

Amazon.com (NASDAQ:AMZN) last announced its quarterly earnings data on Thursday, October 31st. The e-commerce giant reported $1.43 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.14 by $0.29. The company had revenue of $158.88 billion during the quarter, compared to analysts’ expectations of $157.28 billion. Amazon.com had a net margin of 8.04% and a return on equity of 22.41%. The firm’s revenue was up 11.0% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.85 EPS. As a group, sell-side analysts anticipate that Amazon.com, Inc. will post 5.29 earnings per share for the current fiscal year.

Insider Buying and Selling

In other Amazon.com news, SVP David Zapolsky sold 2,190 shares of the stock in a transaction that occurred on Tuesday, September 24th. The stock was sold at an average price of $195.00, for a total value of $427,050.00. Following the completion of the sale, the senior vice president now owns 62,420 shares in the company, valued at approximately $12,171,900. This trade represents a 3.39 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Jonathan Rubinstein sold 4,351 shares of the company’s stock in a transaction on Monday, December 9th. The stock was sold at an average price of $229.85, for a total transaction of $1,000,077.35. Following the completion of the transaction, the director now owns 88,203 shares of the company’s stock, valued at $20,273,459.55. This trade represents a 4.70 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 6,034,534 shares of company stock worth $1,253,883,872 in the last ninety days. 10.80% of the stock is owned by insiders.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the company. Praetorian Wealth Management Inc. bought a new position in shares of Amazon.com in the 2nd quarter worth approximately $597,000. CVA Family Office LLC lifted its holdings in Amazon.com by 4.7% during the second quarter. CVA Family Office LLC now owns 21,533 shares of the e-commerce giant’s stock valued at $4,161,000 after purchasing an additional 961 shares in the last quarter. Hilltop National Bank lifted its stake in shares of Amazon.com by 2.1% during the 2nd quarter. Hilltop National Bank now owns 10,677 shares of the e-commerce giant’s stock valued at $2,063,000 after buying an additional 222 shares in the last quarter. CWM LLC lifted its holdings in Amazon.com by 1.0% in the 2nd quarter. CWM LLC now owns 1,185,983 shares of the e-commerce giant’s stock worth $229,191,000 after purchasing an additional 11,194 shares in the last quarter. Finally, Fiduciary Alliance LLC boosted its stake in Amazon.com by 17.1% in the 2nd quarter. Fiduciary Alliance LLC now owns 75,496 shares of the e-commerce giant’s stock worth $15,099,000 after purchasing an additional 10,998 shares during the period. Hedge funds and other 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.