Amazon.com (NASDAQ:AMZN) Trading Down 1.7%

Amazon.com, Inc. (NASDAQ:AMZN)’s share price fell 1.7% during trading on Tuesday . The company traded as low as $190.13 and last traded at $190.51. Approximately 11,414,929 shares changed hands during mid-day trading, a decline of 73% from the average session volume of 42,151,059 shares. The stock had previously closed at $193.88.

Analysts Set New Price Targets

A number of research analysts recently issued reports on AMZN shares. Tigress Financial increased their price objective on Amazon.com from $210.00 to $245.00 and gave the stock a “buy” rating in a report on Thursday, May 30th. BMO Capital Markets restated an “outperform” rating and set a $230.00 target price on shares of Amazon.com in a report on Thursday, September 19th. Rosenblatt Securities lifted their price target on shares of Amazon.com from $220.00 to $221.00 and gave the company a “buy” rating in a research note on Friday, August 2nd. Evercore ISI increased their price objective on shares of Amazon.com from $225.00 to $240.00 and gave the stock an “outperform” rating in a research note on Friday. Finally, Wells Fargo & Company dropped their target price on Amazon.com from $232.00 to $225.00 and set an “overweight” rating on the stock in a report on Monday, August 26th. One analyst has rated the stock with a hold rating, forty-one have assigned a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Buy” and an average target price of $222.84.

Amazon.com Trading Down 0.3 %

The company has a current ratio of 1.10, a quick ratio of 0.88 and a debt-to-equity ratio of 0.23. The company has a fifty day moving average of $178.57 and a two-hundred day moving average of $182.22. The stock has a market capitalization of $2.01 trillion, a price-to-earnings ratio of 53.36, a price-to-earnings-growth ratio of 1.39 and a beta of 1.14.

Amazon.com (NASDAQ:AMZN) last issued its earnings results on Thursday, August 1st. The e-commerce giant reported $1.23 earnings per share for the quarter, beating the consensus estimate of $1.05 by $0.18. Amazon.com had a net margin of 7.35% and a return on equity of 21.39%. The business had revenue of $147.98 billion for the quarter, compared to analyst estimates of $148.63 billion. On average, research analysts expect that Amazon.com, Inc. will post 4.86 EPS for the current year.

Insider Buying and Selling at Amazon.com

In other Amazon.com news, CEO Andrew R. Jassy sold 20,784 shares of the stock in a transaction dated Wednesday, August 21st. The shares were sold at an average price of $180.77, for a total transaction of $3,757,123.68. Following the sale, the chief executive officer now owns 2,056,534 shares of the company’s stock, valued at approximately $371,759,651.18. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. In other news, CEO Andrew R. Jassy sold 20,784 shares of the business’s stock in a transaction on Wednesday, August 21st. The stock was sold at an average price of $180.77, for a total transaction of $3,757,123.68. Following the completion of the sale, the chief executive officer now owns 2,056,534 shares in the company, valued at $371,759,651.18. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, insider Jeffrey P. Bezos sold 1,228,993 shares of Amazon.com stock in a transaction dated Monday, July 8th. The stock was sold at an average price of $200.36, for a total value of $246,241,037.48. Following the completion of the sale, the insider now owns 930,696,284 shares of the company’s stock, valued at $186,474,307,462.24. The disclosure for this sale can be found here. Insiders have sold a total of 6,104,317 shares of company stock worth $1,220,621,322 over the last ninety days. Corporate insiders own 10.80% of the company’s stock.

Institutional Trading of Amazon.com

Hedge funds have recently added to or reduced their stakes in the business. Garrison Point Advisors LLC boosted its position in shares of Amazon.com by 0.3% during the first quarter. Garrison Point Advisors LLC now owns 20,375 shares of the e-commerce giant’s stock worth $3,675,000 after buying an additional 55 shares during the period. Meridian Investment Counsel Inc. boosted its stake in shares of Amazon.com by 1.8% during the 2nd quarter. Meridian Investment Counsel Inc. now owns 3,076 shares of the e-commerce giant’s stock worth $594,000 after buying an additional 55 shares during the last quarter. Ridgecrest Wealth Partners LLC boosted its position in Amazon.com by 0.7% during the first quarter. Ridgecrest Wealth Partners LLC now owns 7,755 shares of the e-commerce giant’s stock valued at $1,399,000 after purchasing an additional 56 shares during the last quarter. Stordahl Capital Management Inc. lifted its stake in shares of Amazon.com by 2.1% during the 1st quarter. Stordahl Capital Management Inc. now owns 2,763 shares of the e-commerce giant’s stock worth $498,000 after buying an additional 56 shares during the last quarter. Finally, Lutz Financial Services LLC grew its stake in Amazon.com by 1.9% in the 1st quarter. Lutz Financial Services LLC now owns 3,053 shares of the e-commerce giant’s stock valued at $551,000 after buying an additional 57 shares during the last quarter. Institutional investors and hedge funds 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.