Amazon.com (NASDAQ:AMZN) Trading Down 1.1%

Amazon.com, Inc. (NASDAQ:AMZN) shares fell 1.1% on Monday . The company traded as low as $185.57 and last traded at $185.87. 8,407,834 shares traded hands during trading, a decline of 80% from the average session volume of 41,994,652 shares. The stock had previously closed at $187.97.

Wall Street Analyst Weigh In

A number of research firms have issued reports on AMZN. Sanford C. Bernstein lifted their target price on shares of Amazon.com from $210.00 to $215.00 and gave the company an “outperform” rating in a research note on Monday, July 22nd. BMO Capital Markets reissued an “outperform” rating and issued a $230.00 price target on shares of Amazon.com in a research report on Thursday, September 19th. Cantor Fitzgerald reissued an “overweight” rating and set a $230.00 price objective on shares of Amazon.com in a report on Monday. Benchmark reissued a “buy” rating and set a $200.00 price target on shares of Amazon.com in a report on Friday, August 2nd. Finally, Wedbush reiterated an “outperform” rating and issued a $225.00 price objective on shares of Amazon.com in a research report on Friday, August 2nd. One investment analyst has rated the stock with a hold rating, forty-one have given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Buy” and an average target price of $223.65.

Amazon.com Price Performance

The stock has a 50 day simple moving average of $178.92 and a 200-day simple moving average of $182.68. The firm has a market cap of $1.93 trillion, a PE ratio of 51.81, 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.

Amazon.com (NASDAQ:AMZN) last posted 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. The company had revenue of $147.98 billion during the quarter, compared to analysts’ expectations of $148.63 billion. Amazon.com had a net margin of 7.35% and a return on equity of 21.39%. Equities analysts anticipate that Amazon.com, Inc. will post 4.86 earnings per share for the current fiscal year.

Insider Activity at Amazon.com

In other Amazon.com news, VP Shelley Reynolds sold 3,791 shares of the company’s 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 sale, the vice president now directly owns 121,461 shares in the company, valued at approximately $21,989,299.44. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. In related news, VP Shelley Reynolds sold 3,791 shares of the stock in a transaction that occurred on Wednesday, August 21st. The shares were 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 sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, SVP David Zapolsky sold 2,190 shares of Amazon.com stock in a transaction that occurred on Tuesday, September 24th. The shares were sold at an average price of $195.00, for a total transaction of $427,050.00. Following the sale, the senior vice president now owns 62,420 shares of the company’s stock, valued at $12,171,900. The disclosure for this sale can be found here. Insiders have sold a total of 6,098,297 shares of company stock valued at $1,219,443,957 over the last 90 days. 10.80% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Amazon.com

A number of large investors have recently added to or reduced their stakes in AMZN. Collective Family Office LLC lifted its position in shares of 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 acquiring an additional 819 shares in the last quarter. Phillips Wealth Planners LLC raised its position in shares of Amazon.com by 9.2% in the first quarter. Phillips Wealth Planners LLC now owns 2,655 shares of the e-commerce giant’s stock valued at $487,000 after buying an additional 224 shares during the last quarter. Bayesian Capital Management LP purchased a new position in shares of Amazon.com in the fourth quarter worth about $5,926,000. Concord Investment Counsel Inc. acquired a new position in Amazon.com during the first quarter worth about $20,790,000. Finally, O Shaughnessy Asset Management LLC grew its stake in Amazon.com by 26.1% during the 1st quarter. O Shaughnessy Asset Management LLC now owns 644,319 shares of the e-commerce giant’s stock valued at $116,222,000 after acquiring an additional 133,471 shares in the last quarter. 72.20% of the stock is currently owned by institutional investors and hedge funds.

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.