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

Shares of Amazon.com, Inc. (NASDAQ:AMZN) traded down 0.7% during mid-day trading on Friday . The company traded as low as $195.92 and last traded at $196.54. 15,834,421 shares changed hands during trading, a decline of 63% from the average session volume of 42,429,676 shares. The stock had previously closed at $197.85.

Analyst Upgrades and Downgrades

A number of equities research analysts recently weighed in on AMZN shares. Wells Fargo & Company upped their price target on Amazon.com from $234.00 to $239.00 and gave the stock an “overweight” rating in a report on Friday. Roth Mkm reiterated a “buy” rating and issued a $210.00 price objective (up from $205.00) on shares of Amazon.com in a research report on Wednesday, May 1st. Oppenheimer raised their target price on shares of Amazon.com from $210.00 to $220.00 and gave the company an “outperform” rating in a report on Wednesday, May 1st. Tigress Financial upped their price target on shares of Amazon.com from $210.00 to $245.00 and gave the company a “buy” rating in a report on Thursday, May 30th. Finally, Bank of America increased their price target on shares of Amazon.com from $210.00 to $220.00 and gave the company a “buy” rating in a research report on Wednesday. One equities research analyst has rated the stock with a hold rating, forty-three have assigned a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, Amazon.com currently has a consensus rating of “Buy” and a consensus price target of $215.86.

Amazon.com Stock Down 2.3 %

The firm has a market capitalization of $2.01 trillion, a PE ratio of 54.13, a P/E/G ratio of 1.42 and a beta of 1.14. The company has a quick ratio of 0.87, a current ratio of 1.07 and a debt-to-equity ratio of 0.27. The firm’s 50 day moving average price is $183.87 and its two-hundred day moving average price is $173.11.

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

Insider Buying and Selling at Amazon.com

In other news, CEO Douglas J. Herrington sold 3,500 shares of the firm’s stock in a transaction that occurred on Monday, June 3rd. The shares were sold at an average price of $177.29, for a total transaction of $620,515.00. Following the completion of the sale, the chief executive officer now owns 523,253 shares of the company’s stock, valued at $92,767,524.37. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. In related news, CEO Douglas J. Herrington sold 3,500 shares of the business’s stock in a transaction dated Monday, June 3rd. The stock was sold at an average price of $177.29, for a total value of $620,515.00. Following the completion of the sale, the chief executive officer now directly owns 523,253 shares of the company’s stock, valued at $92,767,524.37. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, VP Shelley Reynolds sold 2,700 shares of the stock in a transaction that occurred 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 transaction, the vice president now directly owns 119,780 shares in the company, valued at approximately $21,726,894.20. The disclosure for this sale can be found here. Insiders have sold a total of 65,338 shares of company stock valued at $11,894,344 in the last three months. Corporate insiders own 10.80% of the company’s stock.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of the business. Montag A & Associates Inc. grew its position in Amazon.com by 13.4% in the 3rd quarter. Montag A & Associates Inc. now owns 171,891 shares of the e-commerce giant’s stock valued at $21,851,000 after buying an additional 20,358 shares in the last quarter. Fiera Capital Corp raised its holdings in Amazon.com by 6.7% during the third quarter. Fiera Capital Corp now owns 232,452 shares of the e-commerce giant’s stock worth $29,549,000 after purchasing an additional 14,604 shares in the last quarter. City of London Investment Management Co. Ltd. lifted its position in Amazon.com by 118.7% in the third quarter. City of London Investment Management Co. Ltd. now owns 25,315 shares of the e-commerce giant’s stock worth $3,218,000 after purchasing an additional 13,740 shares during the period. Lee Financial Co boosted its stake in Amazon.com by 6.4% during the 3rd quarter. Lee Financial Co now owns 5,805 shares of the e-commerce giant’s stock valued at $738,000 after purchasing an additional 347 shares in the last quarter. Finally, Curran Financial Partners LLC increased its position in shares of Amazon.com by 13.1% during the 3rd quarter. Curran Financial Partners LLC now owns 6,347 shares of the e-commerce giant’s stock valued at $807,000 after purchasing an additional 736 shares during the period. 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.