Amazon.com (NASDAQ:AMZN) Stock Price Down 1.6% – Time to Sell?

Amazon.com, Inc. (NASDAQ:AMZN) traded down 1.6% on Tuesday . The company traded as low as $225.02 and last traded at $225.09. 11,925,124 shares changed hands during trading, a decline of 65% from the average session volume of 34,121,594 shares. The stock had previously closed at $228.68.

Wall Street Analyst Weigh In

A number of equities analysts recently issued reports on AMZN shares. Phillip Securities lowered shares of Amazon.com from a “strong-buy” rating to a “moderate buy” rating in a research report on Monday, February 10th. Mizuho upped their price target on shares of Amazon.com from $240.00 to $260.00 and gave the stock an “outperform” rating in a research note on Tuesday, December 10th. Susquehanna raised their price objective on shares of Amazon.com from $220.00 to $230.00 and gave the company a “positive” rating in a research note on Friday, November 1st. Raymond James upped their target price on Amazon.com from $260.00 to $275.00 in a research report on Monday, February 10th. Finally, Telsey Advisory Group reiterated an “outperform” rating and set a $275.00 price target on shares of Amazon.com in a research report on Friday, February 7th. Two investment analysts have rated the stock with a hold rating, forty-two have given a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, Amazon.com presently has an average rating of “Moderate Buy” and a consensus target price of $260.74.

Amazon.com Stock Performance

The company has a current ratio of 1.09, a quick ratio of 0.87 and a debt-to-equity ratio of 0.21. The firm has a market capitalization of $2.38 trillion, a PE ratio of 40.95, a PEG ratio of 1.36 and a beta of 1.15. The firm’s fifty day moving average price is $228.26 and its 200 day moving average price is $202.87.

Amazon.com (NASDAQ:AMZN) last issued its earnings results on Thursday, February 6th. The e-commerce giant reported $1.86 EPS for the quarter, beating analysts’ consensus estimates of $1.52 by $0.34. Amazon.com had a return on equity of 25.49% and a net margin of 9.29%. On average, research analysts anticipate that Amazon.com, Inc. will post 6.24 earnings per share for the current year.

Insider Activity at Amazon.com

In related news, CEO Douglas J. Herrington sold 3,500 shares of Amazon.com stock in a transaction on Monday, December 2nd. The shares were sold at an average price of $210.00, for a total value of $735,000.00. Following the completion of the sale, the chief executive officer now owns 524,567 shares of the company’s stock, valued at approximately $110,159,070. The trade was a 0.66 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Matthew S. Garman sold 15,260 shares of the stock in a transaction on Thursday, November 21st. The stock was sold at an average price of $200.19, for a total transaction of $3,054,899.40. Following the transaction, the chief executive officer now directly owns 349,261 shares in the company, valued at $69,918,559.59. The trade was a 4.19 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 50,611 shares of company stock valued at $11,122,402. 10.80% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in the stock. Fiera Capital Corp increased its stake in shares of Amazon.com by 12.5% in the second quarter. Fiera Capital Corp now owns 401,113 shares of the e-commerce giant’s stock worth $77,515,000 after purchasing an additional 44,615 shares during the period. Beck Bode LLC bought a new position in Amazon.com in the 2nd quarter worth approximately $651,000. Davidson Capital Management Inc. increased its position in Amazon.com by 22.4% in the 2nd quarter. Davidson Capital Management Inc. now owns 17,086 shares of the e-commerce giant’s stock worth $3,302,000 after buying an additional 3,122 shares during the period. Callan Capital LLC lifted its holdings in shares of Amazon.com by 21.2% during the second quarter. Callan Capital LLC now owns 25,872 shares of the e-commerce giant’s stock worth $5,000,000 after buying an additional 4,520 shares during the last quarter. Finally, Bridges Investment Management Inc. boosted its position in shares of Amazon.com by 134.7% in the second quarter. Bridges Investment Management Inc. now owns 1,613,024 shares of the e-commerce giant’s stock valued at $311,717,000 after acquiring an additional 925,822 shares during the period. 72.20% of the stock is 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.