Amazon.com (NASDAQ:AMZN) Stock Price Down 1.3%

Amazon.com, Inc. (NASDAQ:AMZN) shares were down 1.3% during mid-day trading on Tuesday . The stock traded as low as $183.45 and last traded at $183.82. Approximately 10,992,666 shares changed hands during mid-day trading, a decline of 74% from the average daily volume of 42,006,668 shares. The stock had previously closed at $186.33.

Analyst Ratings Changes

A number of research analysts recently weighed in on AMZN shares. Itau BBA Securities cut Amazon.com from an “outperform” rating to a “market perform” rating and set a $186.00 target price on the stock. in a report on Friday, August 2nd. The Goldman Sachs Group lowered their target price on Amazon.com from $250.00 to $230.00 and set a “buy” rating for the company in a research note on Friday, August 2nd. Piper Sandler dropped their price target on shares of Amazon.com from $220.00 to $215.00 and set an “overweight” rating for the company in a research note on Friday, August 2nd. JMP Securities boosted their price objective on Amazon.com from $245.00 to $265.00 and gave the company a “market outperform” rating in a report on Tuesday, September 3rd. Finally, Cantor Fitzgerald reissued an “overweight” rating and set a $230.00 target price on shares of Amazon.com in a report on Monday. One investment 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 stock. According to MarketBeat.com, the company has a consensus rating of “Buy” and an average target price of $223.65.

Amazon.com Stock Performance

The firm’s fifty day moving average is $179.00 and its 200 day moving average is $182.74. The firm has a market capitalization of $1.93 trillion, a price-to-earnings ratio of 51.49, a PEG ratio of 1.46 and a beta of 1.14. The company has a debt-to-equity ratio of 0.23, a current ratio of 1.10 and a quick ratio of 0.88.

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

Insider Buying and Selling

In other news, VP Shelley Reynolds sold 3,791 shares of the stock in a transaction on Wednesday, August 21st. The shares were 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 approximately $21,989,299.44. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. In other news, VP Shelley Reynolds sold 3,791 shares of the company’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 completion of the sale, the vice president now owns 121,461 shares in the company, valued at approximately $21,989,299.44. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, insider Jeffrey P. Bezos sold 1,228,993 shares of the firm’s stock in a transaction that occurred on Monday, July 8th. The shares were sold at an average price of $200.36, for a total value of $246,241,037.48. Following the completion of the transaction, the insider now directly owns 930,696,284 shares in the company, valued at $186,474,307,462.24. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 4,634,860 shares of company stock worth $926,639,482. Insiders own 10.80% of the company’s stock.

Hedge Funds Weigh In On Amazon.com

A number of institutional investors and hedge funds have recently bought and sold shares of AMZN. Cooksen Wealth LLC acquired a new position in shares of Amazon.com during the fourth quarter valued at about $30,000. PayPay Securities Corp raised its holdings in Amazon.com by 64.6% in the 2nd quarter. PayPay Securities Corp now owns 163 shares of the e-commerce giant’s stock valued at $32,000 after acquiring an additional 64 shares in the last quarter. Clarity Asset Management Inc. bought a new stake in shares of Amazon.com in the 4th quarter worth approximately $46,000. Christopher J. Hasenberg Inc grew its holdings in shares of Amazon.com by 650.0% during the 2nd quarter. Christopher J. Hasenberg Inc now owns 300 shares of the e-commerce giant’s stock worth $58,000 after purchasing an additional 260 shares in the last quarter. Finally, Steph & Co. bought a new stake in shares of Amazon.com during the first quarter valued at approximately $65,000. Institutional investors own 72.20% of the company’s stock.

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.