Amazon.com (NASDAQ:AMZN) Trading Down 0.6% – What’s Next?

Shares of Amazon.com, Inc. (NASDAQ:AMZN) fell 0.6% during mid-day trading on Wednesday . The company traded as low as $186.09 and last traded at $186.61. 6,212,408 shares changed hands during mid-day trading, a decline of 85% from the average session volume of 41,336,961 shares. The stock had previously closed at $187.69.

Analyst Upgrades and Downgrades

Several equities analysts have recently commented on AMZN shares. TD Cowen boosted their price objective on Amazon.com from $225.00 to $245.00 and gave the company a “buy” rating in a research report on Wednesday, July 10th. Robert W. Baird increased their price objective on shares of Amazon.com from $210.00 to $213.00 and gave the company an “outperform” rating in a report on Friday, June 21st. Scotiabank started coverage on shares of Amazon.com in a report on Friday, October 11th. They issued a “sector outperform” rating and a $245.00 target price on the stock. Truist Financial raised their target price on shares of Amazon.com from $230.00 to $265.00 and gave the company a “buy” rating in a research note on Monday, September 30th. Finally, Benchmark restated a “buy” rating and set a $200.00 price objective on shares of Amazon.com in a research report on Friday, August 2nd. Two analysts have rated the stock with a hold rating, forty-two have given a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, Amazon.com presently has a consensus rating of “Moderate Buy” and a consensus price target of $236.78.

Amazon.com Stock Down 0.7 %

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 stock has a market cap of $1.94 trillion, a P/E ratio of 52.11, a price-to-earnings-growth ratio of 1.38 and a beta of 1.14. The stock’s 50-day moving average is $180.63 and its 200-day moving average is $183.30.

Amazon.com (NASDAQ:AMZN) last released its quarterly earnings data on Thursday, August 1st. The e-commerce giant reported $1.23 EPS for the quarter, topping 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 the consensus estimate of $148.63 billion. As a group, research analysts anticipate that Amazon.com, Inc. will post 4.85 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, CFO Brian T. Olsavsky sold 14,600 shares of the stock in a transaction dated Wednesday, August 21st. The shares were sold at an average price of $180.00, for a total value of $2,628,000.00. Following the completion of the sale, the chief financial officer now owns 49,000 shares in the company, valued at approximately $8,820,000. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other Amazon.com news, CFO Brian T. Olsavsky sold 14,600 shares of the business’s stock in a transaction on Wednesday, August 21st. The shares were sold at an average price of $180.00, for a total value of $2,628,000.00. Following the sale, the chief financial officer now owns 49,000 shares of the company’s stock, valued at $8,820,000. The trade was a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, SVP David Zapolsky sold 2,190 shares of the stock in a transaction dated Tuesday, September 24th. The stock was sold at an average price of $195.00, for a total transaction of $427,050.00. Following the completion of the transaction, the senior vice president now directly owns 62,420 shares of the company’s stock, valued at $12,171,900. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 54,355 shares of company stock valued at $9,877,423. 10.80% of the stock is owned by company insiders.

Institutional Trading of Amazon.com

A number of large investors have recently bought and sold shares of AMZN. Collective Family Office LLC boosted its position in Amazon.com by 9.7% in the first quarter. Collective Family Office LLC now owns 9,278 shares of the e-commerce giant’s stock valued at $1,674,000 after buying an additional 819 shares in the last quarter. Phillips Wealth Planners LLC grew its position in Amazon.com by 9.2% during the 1st quarter. Phillips Wealth Planners LLC now owns 2,655 shares of the e-commerce giant’s stock worth $487,000 after acquiring an additional 224 shares during the last quarter. Stonekeep Investments LLC acquired a new stake in Amazon.com during the 2nd quarter valued at $2,588,000. Concord Investment Counsel Inc. bought a new position in Amazon.com in the 1st quarter valued at $20,790,000. Finally, O Shaughnessy Asset Management LLC boosted its stake in Amazon.com by 26.1% in the first quarter. O Shaughnessy Asset Management LLC now owns 644,319 shares of the e-commerce giant’s stock worth $116,222,000 after purchasing an additional 133,471 shares in the last quarter. 72.20% of the stock is currently owned by institutional investors.

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.