Amazon.com (NASDAQ:AMZN) Shares Down 0.7%

Amazon.com, Inc. (NASDAQ:AMZN)’s stock price was down 0.7% during trading on Wednesday . The stock traded as low as $181.43 and last traded at $182.81. Approximately 36,659,157 shares were traded during mid-day trading, an increase of 15% from the average daily volume of 31,811,844 shares. The stock had previously closed at $184.06.

Analysts Set New Price Targets

A number of analysts recently commented on AMZN shares. Morgan Stanley lifted their price target on Amazon.com from $215.00 to $220.00 and gave the stock an “overweight” rating in a report on Wednesday, May 1st. Raymond James lifted their price objective on shares of Amazon.com from $200.00 to $205.00 and gave the stock a “strong-buy” rating in a research report on Wednesday, May 1st. Robert W. Baird increased their target price on shares of Amazon.com from $205.00 to $210.00 and gave the company an “outperform” rating in a research report on Wednesday, May 1st. Rosenblatt Securities restated a “buy” rating and issued a $220.00 target price on shares of Amazon.com in a research note on Wednesday, May 1st. Finally, The Goldman Sachs Group boosted their price objective on Amazon.com from $220.00 to $225.00 and gave the company a “buy” rating in a research note on Wednesday, May 1st. One equities research analyst has rated the stock with a hold rating, forty-three have issued a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, Amazon.com currently has a consensus rating of “Buy” and a consensus target price of $213.82.

Amazon.com Price Performance

The firm has a market cap of $1.94 trillion, a PE ratio of 52.13, a price-to-earnings-growth ratio of 1.31 and a beta of 1.14. The company has a debt-to-equity ratio of 0.27, a current ratio of 1.07 and a quick ratio of 0.87. The firm has a 50-day simple moving average of $182.72 and a 200 day simple moving average of $171.06.

Amazon.com (NASDAQ:AMZN) last issued its quarterly earnings results on Tuesday, April 30th. The e-commerce giant reported $0.98 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.83 by $0.15. The company had revenue of $143.31 billion during the quarter, compared to analysts’ expectations of $142.65 billion. Amazon.com had a net margin of 6.38% and a return on equity of 19.86%. Amazon.com’s revenue was up 12.5% on a year-over-year basis. During the same period last year, the company posted $0.31 EPS. As a group, equities analysts expect that Amazon.com, Inc. will post 4.72 EPS for the current year.

Insider Activity at Amazon.com

In other news, VP Shelley Reynolds sold 2,700 shares of the stock in a transaction on Tuesday, May 21st. The stock was sold at an average price of $181.39, for a total value of $489,753.00. Following the sale, the vice president now directly owns 119,780 shares of the company’s stock, valued at $21,726,894.20. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. In other Amazon.com news, SVP David Zapolsky sold 9,490 shares of the company’s stock in a transaction dated Tuesday, May 21st. The shares were sold at an average price of $181.41, for a total transaction of $1,721,580.90. Following the transaction, the senior vice president now owns 64,210 shares in the company, valued at approximately $11,648,336.10. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, VP Shelley Reynolds sold 2,700 shares of Amazon.com stock in a transaction that occurred on Tuesday, May 21st. The stock was sold at an average price of $181.39, for a total transaction of $489,753.00. Following the completion of the sale, the vice president now owns 119,780 shares of the company’s stock, valued at $21,726,894.20. The disclosure for this sale can be found here. Insiders sold a total of 65,338 shares of company stock valued at $11,894,344 in the last 90 days. Corporate insiders own 10.80% of the company’s stock.

Institutional Trading of Amazon.com

A number of hedge funds have recently bought and sold shares of AMZN. TruNorth Capital Management LLC purchased a new stake in shares of Amazon.com during the 1st quarter valued at about $344,000. Chelsea Counsel Co. boosted its holdings in shares of Amazon.com by 1.5% in the first quarter. Chelsea Counsel Co. now owns 11,820 shares of the e-commerce giant’s stock worth $2,132,000 after buying an additional 180 shares during the last quarter. Keynote Financial Services LLC bought a new stake in Amazon.com during the first quarter valued at approximately $1,505,000. Jackson Wealth Management LLC raised its position in Amazon.com by 359.8% in the first quarter. Jackson Wealth Management LLC now owns 25,846 shares of the e-commerce giant’s stock worth $4,662,000 after acquiring an additional 20,225 shares during the period. Finally, Cypress Asset Management Inc. TX boosted its stake in shares of Amazon.com by 2.4% during the 1st quarter. Cypress Asset Management Inc. TX now owns 67,368 shares of the e-commerce giant’s stock worth $12,274,000 after acquiring an additional 1,591 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.