Amazon.com (NASDAQ:AMZN) Shares Down 0.6% - What's Next?

Amazon.com, Inc. (NASDAQ:AMZN)'s stock price was down 0.6% during trading on Monday . The stock traded as low as $205.91 and last traded at $207.03. Approximately 10,032,897 shares changed hands during trading, a decline of 76% from the average daily volume of 41,295,156 shares. The stock had previously closed at $208.18.

Analyst Upgrades and Downgrades

Several equities analysts have recently weighed in on the company. TD Cowen raised their price objective on Amazon.com from $230.00 to $240.00 and gave the company a "buy" rating in a report on Friday, November 1st. Evercore ISI raised their price target on Amazon.com from $240.00 to $260.00 and gave the company an "outperform" rating in a research note on Friday, November 1st. Telsey Advisory Group boosted their price target on Amazon.com from $215.00 to $235.00 and gave the stock an "outperform" rating in a research report on Friday, November 1st. Oppenheimer increased their price objective on Amazon.com from $220.00 to $230.00 and gave the company an "outperform" rating in a report on Friday, November 1st. Finally, Sanford C. Bernstein raised their target price on shares of Amazon.com from $225.00 to $235.00 and gave the company an "outperform" rating in a research note on Friday, November 1st. Two analysts have rated the stock with a hold rating, forty have assigned a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $234.55.

Amazon.com Stock Performance

The firm has a market capitalization of $2.17 trillion, a price-to-earnings ratio of 44.33, a PEG ratio of 1.40 and a beta of 1.14. The company has a current ratio of 1.09, a quick ratio of 0.87 and a debt-to-equity ratio of 0.21. The stock's 50-day moving average is $187.83 and its 200-day moving average is $184.71.

Amazon.com (NASDAQ:AMZN - Get Free Report) last announced its quarterly earnings results on Thursday, October 31st. The e-commerce giant reported $1.43 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.14 by $0.29. Amazon.com had a net margin of 8.04% and a return on equity of 22.41%. The company had revenue of $158.88 billion during the quarter, compared to the consensus estimate of $157.28 billion. During the same period in the prior year, the business earned $0.85 earnings per share. The company's revenue for the quarter was up 11.0% compared to the same quarter last year. On average, analysts predict that Amazon.com, Inc. will post 5.24 EPS for the current fiscal year.

Insider Activity

In other news, CEO Andrew R. Jassy sold 20,784 shares of the company's stock in a transaction that occurred on Wednesday, August 21st. The stock was sold at an average price of $180.77, for a total value of $3,757,123.68. Following the completion of the transaction, the chief executive officer now owns 2,056,534 shares of the company's stock, valued at $371,759,651.18. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. In other Amazon.com news, Director Jonathan Rubinstein sold 5,004 shares of the company's stock in a transaction dated Friday, November 1st. The stock was sold at an average price of $199.85, for a total value of $1,000,049.40. Following the sale, the director now owns 99,396 shares in the company, valued at approximately $19,864,290.60. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, CEO Andrew R. Jassy sold 20,784 shares of the stock in a transaction dated Wednesday, August 21st. The shares were sold at an average price of $180.77, for a total value of $3,757,123.68. Following the completion of the sale, the chief executive officer now directly owns 2,056,534 shares of the company's stock, valued at approximately $371,759,651.18. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 55,859 shares of company stock valued at $10,215,097. 10.80% of the stock is currently owned by corporate insiders.

Institutional Trading of Amazon.com

A number of institutional investors and hedge funds have recently added to or reduced their stakes in AMZN. Wealthstar Advisors LLC raised its position in shares of Amazon.com by 3.5% in the 1st quarter. Wealthstar Advisors LLC now owns 16,126 shares of the e-commerce giant's stock worth $2,909,000 after acquiring an additional 546 shares in the last quarter. First Trust Direct Indexing L.P. grew its stake in shares of Amazon.com by 19.7% in the 1st quarter. First Trust Direct Indexing L.P. now owns 212,144 shares of the e-commerce giant's stock valued at $38,267,000 after buying an additional 34,913 shares during the period. Accel Wealth Management increased its position in Amazon.com by 12.8% in the 1st quarter. Accel Wealth Management now owns 29,473 shares of the e-commerce giant's stock valued at $5,316,000 after buying an additional 3,349 shares in the last quarter. Core Wealth Partners LLC raised its stake in Amazon.com by 1.7% during the 1st quarter. Core Wealth Partners LLC now owns 17,611 shares of the e-commerce giant's stock worth $3,177,000 after buying an additional 300 shares during the period. Finally, Spinnaker Investment Group LLC boosted its holdings in Amazon.com by 12.7% in the first quarter. Spinnaker Investment Group LLC now owns 4,921 shares of the e-commerce giant's stock worth $888,000 after acquiring an additional 553 shares in the last quarter. Institutional investors and hedge funds 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.

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