Amazon.com (NASDAQ:AMZN) Shares Down 1.7%

Amazon.com, Inc. (NASDAQ:AMZN)’s stock price was down 1.7% during trading on Tuesday . The stock traded as low as $190.13 and last traded at $190.51. Approximately 11,414,929 shares traded hands during trading, a decline of 73% from the average daily volume of 42,151,059 shares. The stock had previously closed at $193.88.

Analyst Ratings Changes

AMZN has been the topic of several research reports. TD Cowen raised their price objective on shares of Amazon.com from $225.00 to $245.00 and gave the stock a “buy” rating in a research report on Wednesday, July 10th. Cantor Fitzgerald reaffirmed an “overweight” rating and set a $230.00 price objective on shares of Amazon.com in a research note on Monday. Maxim Group boosted their target price on Amazon.com from $238.00 to $251.00 and gave the company a “buy” rating in a report on Friday, August 2nd. Stifel Nicolaus decreased their price target on Amazon.com from $228.00 to $224.00 and set a “buy” rating for the company in a report on Friday, August 2nd. Finally, UBS Group upped their price objective on shares of Amazon.com from $217.00 to $224.00 and gave the stock a “buy” rating in a research report on Tuesday, July 30th. One equities research analyst has rated the stock with a hold rating, forty-one have issued a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, Amazon.com currently has an average rating of “Buy” and an average target price of $222.84.

Amazon.com Price Performance

The stock has a 50 day moving average of $178.57 and a two-hundred day moving average of $182.22. The company has a debt-to-equity ratio of 0.23, a quick ratio of 0.88 and a current ratio of 1.10. The firm has a market capitalization of $2.01 trillion, a P/E ratio of 53.36, a P/E/G ratio of 1.39 and a beta of 1.14.

Amazon.com (NASDAQ:AMZN) last released its quarterly earnings results on Thursday, August 1st. The e-commerce giant reported $1.23 EPS for the quarter, beating analysts’ consensus estimates of $1.05 by $0.18. Amazon.com had a net margin of 7.35% and a return on equity of 21.39%. The company had revenue of $147.98 billion for the quarter, compared to analyst estimates of $148.63 billion. Sell-side analysts predict that Amazon.com, Inc. will post 4.86 earnings per share for the current fiscal year.

Insider Activity at Amazon.com

In related news, VP Shelley Reynolds sold 3,791 shares of the business’s stock in a transaction dated Wednesday, August 21st. The stock was sold at an average price of $181.04, for a total transaction of $686,322.64. Following the transaction, the vice president now directly owns 121,461 shares in the company, valued at $21,989,299.44. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. In related news, CEO Douglas J. Herrington sold 3,500 shares of the stock in a transaction dated Monday, July 1st. The shares were sold at an average price of $195.99, for a total transaction of $685,965.00. Following the completion of the sale, the chief executive officer now owns 519,753 shares in the company, valued at approximately $101,866,390.47. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, VP Shelley Reynolds sold 3,791 shares of the company’s stock in a transaction that occurred on Wednesday, August 21st. The stock was sold at an average price of $181.04, for a total transaction of $686,322.64. Following the transaction, the vice president now owns 121,461 shares in the company, valued at $21,989,299.44. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 6,104,317 shares of company stock worth $1,220,621,322. Company insiders own 10.80% of the company’s stock.

Hedge Funds Weigh In On Amazon.com

Several large investors have recently made changes to their positions in the company. Norges Bank bought a new stake in shares of Amazon.com during the 4th quarter valued at $17,700,551,000. Vanguard Group Inc. boosted its position in shares of Amazon.com by 1.9% during the first quarter. Vanguard Group Inc. now owns 785,811,114 shares of the e-commerce giant’s stock worth $141,744,609,000 after purchasing an additional 14,724,687 shares in the last quarter. Swedbank AB acquired a new stake in Amazon.com during the 1st quarter worth $2,239,757,000. Capital World Investors grew its stake in Amazon.com by 64.6% in the first quarter. Capital World Investors now owns 29,359,677 shares of the e-commerce giant’s stock valued at $5,295,899,000 after acquiring an additional 11,524,463 shares during the period. Finally, Capital Research Global Investors raised its position in shares of Amazon.com by 8.5% during the first quarter. Capital Research Global Investors now owns 86,982,857 shares of the e-commerce giant’s stock worth $15,689,968,000 after purchasing an additional 6,810,145 shares during the period. Institutional investors and hedge funds 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.