Amazon.com (NASDAQ:AMZN) Shares Gap Down After Analyst Downgrade

Amazon.com, Inc. (NASDAQ:AMZN)’s stock price gapped down prior to trading on Friday after Citigroup lowered their price target on the stock from $275.00 to $273.00. The stock had previously closed at $238.83, but opened at $232.50. Citigroup currently has a buy rating on the stock. Amazon.com shares last traded at $230.59, with a volume of 26,820,696 shares trading hands.

A number of other equities research analysts have also recently weighed in on AMZN. Wedbush reaffirmed an “outperform” rating and set a $280.00 price target on shares of Amazon.com in a report on Friday. Mizuho lifted their price objective on Amazon.com from $240.00 to $260.00 and gave the company an “outperform” rating in a research report on Tuesday, December 10th. Rosenblatt Securities increased their price objective on shares of Amazon.com from $236.00 to $287.00 and gave the stock a “buy” rating in a report on Friday. DA Davidson increased their price objective on shares of Amazon.com from $235.00 to $280.00 and gave the stock a “buy” rating in a report on Friday. Finally, Susquehanna increased their price objective on shares of Amazon.com from $220.00 to $230.00 and gave the stock a “positive” rating in a report on Friday, November 1st. Two analysts have rated the stock with a hold rating, forty-two have issued a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, Amazon.com presently has a consensus rating of “Moderate Buy” and an average target price of $260.20.

Insider Buying and Selling

In other news, Director Jonathan Rubinstein sold 4,351 shares of the firm’s stock in a transaction that occurred on Monday, December 9th. The shares were sold at an average price of $229.85, for a total value of $1,000,077.35. Following the completion of the transaction, the director now directly owns 88,203 shares in the company, valued at approximately $20,273,459.55. This trade represents a 4.70 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Jeffrey P. Bezos sold 2,996,362 shares of the business’s stock in a transaction on Monday, November 11th. The shares were sold at an average price of $206.75, for a total transaction of $619,497,843.50. Following the transaction, the insider now owns 914,420,614 shares of the company’s stock, valued at $189,056,461,944.50. This trade represents a 0.33 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 3,026,212 shares of company stock worth $625,666,424. Insiders own 10.80% of the company’s stock.

Institutional Trading of Amazon.com

A number of large investors have recently modified their holdings of AMZN. Warwick Investment Management Inc. lifted its stake in Amazon.com by 2.9% during the fourth quarter. Warwick Investment Management Inc. now owns 8,829 shares of the e-commerce giant’s stock worth $1,937,000 after purchasing an additional 246 shares during the last quarter. Saturna Capital Corp boosted its position in Amazon.com by 1.8% during the 4th quarter. Saturna Capital Corp now owns 28,999 shares of the e-commerce giant’s stock valued at $6,362,000 after buying an additional 505 shares during the period. Summit X LLC boosted its position in Amazon.com by 11.4% during the 4th quarter. Summit X LLC now owns 24,485 shares of the e-commerce giant’s stock valued at $5,372,000 after buying an additional 2,500 shares during the period. Wealth High Governance Capital Ltda increased its position in shares of Amazon.com by 396.0% in the fourth quarter. Wealth High Governance Capital Ltda now owns 49,600 shares of the e-commerce giant’s stock valued at $10,882,000 after acquiring an additional 39,600 shares during the period. Finally, Windle Wealth LLC raised its stake in shares of Amazon.com by 6.6% during the fourth quarter. Windle Wealth LLC now owns 12,884 shares of the e-commerce giant’s stock valued at $2,827,000 after acquiring an additional 800 shares during the last quarter. Institutional investors own 72.20% of the company’s stock.

Amazon.com Trading Down 4.1 %

The company has a quick ratio of 0.87, a current ratio of 1.09 and a debt-to-equity ratio of 0.21. The company has a market capitalization of $2.41 trillion, a PE ratio of 49.07, a price-to-earnings-growth ratio of 1.35 and a beta of 1.15. The stock’s fifty day moving average price is $226.51 and its two-hundred day moving average price is $200.30.

Amazon.com (NASDAQ:AMZN) last released its quarterly earnings data on Thursday, February 6th. The e-commerce giant reported $1.86 earnings per share for the quarter, topping the consensus estimate of $1.52 by $0.34. Amazon.com had a return on equity of 22.41% and a net margin of 8.04%. Sell-side analysts anticipate that Amazon.com, Inc. will post 5.3 earnings per share for the current year.

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.