Amazon.com (NASDAQ:AMZN) Trading Down 2.5% – Here’s Why

Amazon.com, Inc. (NASDAQ:AMZN) fell 2.5% during mid-day trading on Wednesday . The stock traded as low as $235.50 and last traded at $236.10. 14,716,053 shares traded hands during trading, a decline of 54% from the average session volume of 31,871,828 shares. The stock had previously closed at $242.06.

Wall Street Analyst Weigh In

A number of brokerages have commented on AMZN. Rosenblatt Securities boosted their target price on shares of Amazon.com from $236.00 to $287.00 and gave the stock a “buy” rating in a report on Friday. BMO Capital Markets reaffirmed an “outperform” rating and set a $236.00 price target on shares of Amazon.com in a research report on Tuesday, December 3rd. Redburn Atlantic lifted their price target on Amazon.com from $225.00 to $235.00 and gave the company a “buy” rating in a research note on Tuesday, November 26th. Wolfe Research lifted their target price on shares of Amazon.com from $250.00 to $270.00 and gave the company an “outperform” rating in a research report on Friday, January 3rd. Finally, JPMorgan Chase & Co. increased their price objective on shares of Amazon.com from $250.00 to $280.00 and gave the company an “overweight” rating in a report on Wednesday, December 18th. Two research analysts have rated the stock with a hold rating, forty-two have given a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $260.20.

Amazon.com Stock Performance

The company has a quick ratio of 0.87, a current ratio of 1.09 and a debt-to-equity ratio of 0.21. The company has a market cap of $2.41 trillion, a PE ratio of 49.07, a price-to-earnings-growth ratio of 1.35 and a beta of 1.15. The firm has a fifty day simple moving average of $226.51 and a 200-day simple moving average of $200.30.

Amazon.com (NASDAQ:AMZN) last released its quarterly earnings results on Thursday, February 6th. The e-commerce giant reported $1.86 EPS for the quarter, topping the consensus estimate of $1.52 by $0.34. Amazon.com had a return on equity of 22.41% and a net margin of 8.04%. On average, research analysts forecast that Amazon.com, Inc. will post 5.3 EPS for the current fiscal year.

Insider Transactions at Amazon.com

In related news, insider Jeffrey P. Bezos sold 2,996,362 shares of the business’s stock in a transaction dated Monday, November 11th. The shares were sold at an average price of $206.75, for a total transaction of $619,497,843.50. Following the sale, the insider now owns 914,420,614 shares of the company’s stock, valued at approximately $189,056,461,944.50. The trade was a 0.33 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, CEO Matthew S. Garman sold 15,260 shares of the stock in a transaction dated Thursday, November 21st. The shares were sold at an average price of $200.19, for a total transaction of $3,054,899.40. Following the completion of the transaction, the chief executive officer now directly owns 349,261 shares of the company’s stock, valued at approximately $69,918,559.59. This trade represents a 4.19 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 3,026,212 shares of company stock worth $625,666,424 over the last ninety days. 10.80% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in AMZN. Warwick Investment Management Inc. lifted its stake in Amazon.com by 2.9% in the 4th quarter. Warwick Investment Management Inc. now owns 8,829 shares of the e-commerce giant’s stock valued at $1,937,000 after buying an additional 246 shares in the last quarter. Saturna Capital Corp lifted its position in shares of Amazon.com by 1.8% in the fourth quarter. Saturna Capital Corp now owns 28,999 shares of the e-commerce giant’s stock valued at $6,362,000 after acquiring an additional 505 shares in the last quarter. Summit X LLC boosted its stake in shares of Amazon.com by 11.4% during the fourth quarter. Summit X LLC now owns 24,485 shares of the e-commerce giant’s stock valued at $5,372,000 after acquiring an additional 2,500 shares during the last quarter. Wealth High Governance Capital Ltda increased its position in Amazon.com by 396.0% during the 4th quarter. Wealth High Governance Capital Ltda now owns 49,600 shares of the e-commerce giant’s stock worth $10,882,000 after purchasing an additional 39,600 shares in the last quarter. Finally, Windle Wealth LLC raised its stake in Amazon.com by 6.6% in the 4th quarter. Windle Wealth LLC now owns 12,884 shares of the e-commerce giant’s stock valued at $2,827,000 after purchasing an additional 800 shares during the last quarter. 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.