Amazon.com (NASDAQ:AMZN) Trading Down 0.4%

Amazon.com, Inc. (NASDAQ:AMZN) was down 0.4% during mid-day trading on Wednesday . The company traded as low as $192.46 and last traded at $193.27. Approximately 5,697,145 shares were traded during trading, a decline of 86% from the average daily volume of 42,127,328 shares. The stock had previously closed at $193.96.

Wall Street Analysts Forecast Growth

A number of analysts have recently issued reports on AMZN shares. Roth Mkm raised their price target on shares of Amazon.com from $210.00 to $215.00 and gave the company a “buy” rating in a report on Friday, August 2nd. Jefferies Financial Group dropped their price objective on shares of Amazon.com from $235.00 to $225.00 and set a “buy” rating on the stock in a report on Friday, August 2nd. TD Securities raised their price objective on shares of Amazon.com from $225.00 to $245.00 in a report on Wednesday, July 10th. Needham & Company LLC reissued a “buy” rating and issued a $210.00 price objective on shares of Amazon.com in a report on Thursday, September 12th. Finally, Truist Financial raised their price objective on shares of Amazon.com from $220.00 to $230.00 and gave the stock a “buy” rating in a report on Monday, July 22nd. One investment analyst has rated the stock with a hold rating, forty-one have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, Amazon.com has a consensus rating of “Buy” and an average price target of $222.84.

Amazon.com Stock Down 0.7 %

The stock has a market cap of $2.02 trillion, a PE ratio of 54.14, a price-to-earnings-growth ratio of 1.46 and a beta of 1.14. 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 business has a 50-day moving average price of $178.59 and a 200-day moving average price of $182.35.

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

Insider Activity at Amazon.com

In related news, VP Shelley Reynolds sold 3,791 shares of the stock in a transaction on Wednesday, August 21st. The stock was sold at an average price of $181.04, for a total value of $686,322.64. Following the completion of the transaction, the vice president now directly owns 121,461 shares of the company’s stock, valued at approximately $21,989,299.44. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. In related news, CFO Brian T. Olsavsky sold 14,600 shares of the company’s stock in a transaction that occurred on Wednesday, August 21st. The stock was sold at an average price of $180.00, for a total value of $2,628,000.00. Following the completion of the transaction, the chief financial officer now directly owns 49,000 shares of the company’s stock, valued at $8,820,000. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, VP Shelley Reynolds sold 3,791 shares of the company’s stock in a transaction that occurred on Wednesday, August 21st. The stock was sold at an average price of $181.04, for a total value of $686,322.64. Following the sale, the vice president now owns 121,461 shares of the company’s stock, valued at approximately $21,989,299.44. The disclosure for this sale can be found here. In the last ninety days, insiders sold 6,104,317 shares of company stock valued at $1,220,621,322. 10.80% of the stock is owned by insiders.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the business. Cooksen Wealth LLC acquired a new stake in Amazon.com in the fourth quarter valued at $30,000. PayPay Securities Corp boosted its stake in shares of Amazon.com by 64.6% during the second quarter. PayPay Securities Corp now owns 163 shares of the e-commerce giant’s stock valued at $32,000 after acquiring an additional 64 shares during the last quarter. Clarity Asset Management Inc. acquired a new stake in shares of Amazon.com during the fourth quarter valued at $46,000. Christopher J. Hasenberg Inc boosted its stake in shares of Amazon.com by 650.0% during the second quarter. Christopher J. Hasenberg Inc now owns 300 shares of the e-commerce giant’s stock valued at $58,000 after acquiring an additional 260 shares during the last quarter. Finally, Steph & Co. acquired a new stake in shares of Amazon.com during the first quarter valued at $65,000. 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.