Amazon.com (NASDAQ:AMZN) Trading Down 3% – Time to Sell?

Amazon.com, Inc. (NASDAQ:AMZN)’s stock price dropped 3% during mid-day trading on Tuesday . The stock traded as low as $197.43 and last traded at $198.78. Approximately 22,626,825 shares were traded during mid-day trading, a decline of 38% from the average daily volume of 36,561,441 shares. The stock had previously closed at $205.02.

Wall Street Analyst Weigh In

AMZN has been the subject of several analyst reports. Robert W. Baird raised their price objective on Amazon.com from $220.00 to $260.00 and gave the company an “outperform” rating in a research note on Friday, December 13th. Redburn Atlantic increased their price target on Amazon.com from $225.00 to $235.00 and gave the stock a “buy” rating in a report on Tuesday, November 26th. Loop Capital increased their price target on Amazon.com from $275.00 to $285.00 and gave the stock a “buy” rating in a report on Wednesday, February 12th. DA Davidson increased their price target on Amazon.com from $235.00 to $280.00 and gave the stock a “buy” rating in a report on Friday, February 7th. Finally, Sanford C. Bernstein increased their price target on Amazon.com from $235.00 to $265.00 and gave the stock an “outperform” rating in a report on Wednesday, December 18th. Two equities research analysts have rated the stock with a hold rating, forty-two have assigned a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $260.65.

Amazon.com Stock Down 0.6 %

The company has a debt-to-equity ratio of 0.18, a current ratio of 1.06 and a quick ratio of 0.87. The company has a market cap of $2.16 trillion, a price-to-earnings ratio of 36.85, a P/E/G ratio of 1.50 and a beta of 1.15. The firm’s 50 day simple moving average is $226.04 and its 200-day simple moving average is $206.30.

Amazon.com (NASDAQ:AMZN) last released its quarterly earnings data on Thursday, February 6th. The e-commerce giant reported $1.86 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.52 by $0.34. Amazon.com had a net margin of 9.29% and a return on equity of 24.25%. As a group, sell-side analysts anticipate that Amazon.com, Inc. will post 6.31 earnings per share for the current year.

Insider Transactions at Amazon.com

In other Amazon.com news, Director Jonathan Rubinstein sold 4,351 shares of Amazon.com stock in a transaction that occurred on Monday, December 9th. The stock was sold at an average price of $229.85, for a total value of $1,000,077.35. Following the sale, the director now owns 88,203 shares of the company’s stock, valued at approximately $20,273,459.55. The trade was a 4.70 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Douglas J. Herrington sold 5,501 shares of Amazon.com stock in a transaction that occurred on Tuesday, February 18th. The shares were sold at an average price of $228.44, for a total value of $1,256,648.44. Following the completion of the sale, the chief executive officer now directly owns 505,318 shares in the company, valued at $115,434,843.92. This represents a 1.08 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 106,649 shares of company stock worth $23,871,905. Company insiders own 10.80% of the company’s stock.

Institutional Investors Weigh In On Amazon.com

Several institutional investors have recently modified their holdings of AMZN. AMF Tjanstepension AB raised its position in shares of Amazon.com by 44.3% during the 3rd quarter. AMF Tjanstepension AB now owns 2,641,401 shares of the e-commerce giant’s stock worth $492,172,000 after purchasing an additional 811,425 shares during the last quarter. Heartwood Wealth Advisors LLC raised its holdings in Amazon.com by 1.8% in the 3rd quarter. Heartwood Wealth Advisors LLC now owns 10,635 shares of the e-commerce giant’s stock valued at $1,982,000 after acquiring an additional 190 shares during the last quarter. Greenfield Savings Bank raised its holdings in Amazon.com by 2.5% in the 3rd quarter. Greenfield Savings Bank now owns 23,692 shares of the e-commerce giant’s stock valued at $4,415,000 after acquiring an additional 578 shares during the last quarter. Verde Servicos Internacionais S.A. acquired a new position in Amazon.com in the 3rd quarter valued at $21,120,000. Finally, Bath Savings Trust Co raised its holdings in Amazon.com by 1.1% in the 3rd quarter. Bath Savings Trust Co now owns 91,489 shares of the e-commerce giant’s stock valued at $17,047,000 after acquiring an additional 1,021 shares during the last quarter. Hedge funds and other 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.