Amazon.com (NASDAQ:AMZN) Stock Price Down 1.6%

Amazon.com, Inc. (NASDAQ:AMZN) shares dropped 1.6% during trading on Monday . The stock traded as low as $183.55 and last traded at $183.59. Approximately 6,828,761 shares traded hands during mid-day trading, a decline of 84% from the average daily volume of 42,065,668 shares. The stock had previously closed at $186.49.

Wall Street Analysts Forecast Growth

AMZN has been the topic of a number of research reports. TD Cowen upped their price target on Amazon.com from $225.00 to $245.00 and gave the stock a “buy” rating in a research note on Wednesday, July 10th. Wedbush reissued an “outperform” rating and issued a $225.00 price target on shares of Amazon.com in a research report on Friday, August 2nd. Truist Financial upped 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. Royal Bank of Canada reiterated an “outperform” rating and set a $215.00 price objective on shares of Amazon.com in a report on Friday, August 2nd. Finally, Wells Fargo & Company lowered their target price on shares of Amazon.com from $232.00 to $225.00 and set an “overweight” rating on the stock in a report on Monday, August 26th. One investment analyst has rated the stock with a hold rating, forty have given a buy rating and two have given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Buy” and an average target price of $222.49.

Amazon.com Stock Down 0.2 %

The company has a debt-to-equity ratio of 0.23, a current ratio of 1.10 and a quick ratio of 0.88. The stock has a market capitalization of $1.94 trillion, a P/E ratio of 52.37, a price-to-earnings-growth ratio of 1.39 and a beta of 1.14. The stock has a fifty day moving average price of $178.97 and a 200 day moving average price of $181.80.

Amazon.com (NASDAQ:AMZN) last issued its earnings results on Thursday, August 1st. The e-commerce giant reported $1.23 EPS for the quarter, topping the consensus estimate of $1.05 by $0.18. Amazon.com had a return on equity of 21.39% and a net margin of 7.35%. The business had revenue of $147.98 billion during the quarter, compared to the consensus estimate of $148.63 billion. On average, research analysts forecast that Amazon.com, Inc. will post 4.86 earnings per share for the current year.

Insider Buying and Selling

In other Amazon.com news, VP Shelley Reynolds sold 3,791 shares of the firm’s stock in a transaction 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 SEC, which can be accessed through the SEC website. In other Amazon.com news, VP Shelley Reynolds sold 3,791 shares of the firm’s stock in a transaction dated 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 transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, SVP David Zapolsky sold 4,710 shares of Amazon.com stock in a transaction dated Thursday, June 27th. The shares were sold at an average price of $195.00, for a total value of $918,450.00. Following the sale, the senior vice president now owns 59,500 shares of the company’s stock, valued at approximately $11,602,500. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 6,104,317 shares of company stock valued at $1,220,621,322. Company insiders own 10.80% of the company’s stock.

Hedge Funds Weigh In On Amazon.com

A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. Cooksen Wealth LLC bought a new position in Amazon.com in the fourth quarter valued at $30,000. PayPay Securities Corp increased its position in shares of Amazon.com by 64.6% during the 2nd quarter. PayPay Securities Corp now owns 163 shares of the e-commerce giant’s stock valued at $32,000 after purchasing an additional 64 shares during the last quarter. Clarity Asset Management Inc. purchased a new position in shares of Amazon.com during the 4th quarter valued at about $46,000. Christopher J. Hasenberg Inc lifted its position in Amazon.com by 650.0% in the 2nd quarter. Christopher J. Hasenberg Inc now owns 300 shares of the e-commerce giant’s stock worth $58,000 after buying an additional 260 shares during the last quarter. Finally, Steph & Co. purchased a new stake in Amazon.com in the first quarter worth approximately $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.