Amazon.com (NASDAQ:AMZN) Shares Down 1.4% - Should You Sell?

Amazon.com, Inc. (NASDAQ:AMZN)'s stock price was down 1.4% during mid-day trading on Monday . The company traded as low as $209.00 and last traded at $209.39. Approximately 9,669,400 shares traded hands during trading, a decline of 73% from the average daily volume of 36,112,363 shares. The stock had previously closed at $212.28.

Analyst Ratings Changes

A number of research firms have commented on AMZN. JPMorgan Chase & Co. raised their price objective on Amazon.com from $250.00 to $280.00 and gave the stock an "overweight" rating in a research note on Wednesday, December 18th. Wolfe Research raised their price target on Amazon.com from $250.00 to $270.00 and gave the stock an "outperform" rating in a research report on Friday, January 3rd. The Goldman Sachs Group upped their price objective on shares of Amazon.com from $240.00 to $255.00 and gave the stock a "buy" rating in a research report on Friday, February 7th. Loop Capital raised their target price on shares of Amazon.com from $275.00 to $285.00 and gave the company a "buy" rating in a report on Wednesday, February 12th. Finally, Moffett Nathanson upped their price target on shares of Amazon.com from $235.00 to $248.00 and gave the stock a "buy" rating in a report on Tuesday, November 26th. 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 company's stock. Based on data from MarketBeat, Amazon.com presently has an average rating of "Moderate Buy" and a consensus target price of $260.65.

Amazon.com Stock Performance

The company's 50-day moving average is $225.12 and its two-hundred day moving average is $206.50. The company has a market capitalization of $2.21 trillion, a P/E ratio of 37.68, a PEG ratio of 1.50 and a beta of 1.15. The company has a quick ratio of 0.87, a current ratio of 1.06 and a debt-to-equity ratio of 0.18.

Amazon.com (NASDAQ:AMZN - Get Free Report) last released its earnings results on Thursday, February 6th. The e-commerce giant reported $1.86 EPS for the quarter, beating analysts' consensus estimates of $1.52 by $0.34. Amazon.com had a return on equity of 24.25% and a net margin of 9.29%. Equities analysts anticipate that Amazon.com, Inc. will post 6.31 earnings per share for the current fiscal year.

Insider Buying and Selling at Amazon.com

In other Amazon.com news, CEO Douglas J. Herrington sold 27,500 shares of the firm's stock in a transaction on Wednesday, February 12th. The stock was sold at an average price of $230.27, for a total transaction of $6,332,425.00. Following the completion of the transaction, the chief executive officer now owns 497,067 shares of the company's stock, valued at approximately $114,459,618.09. This trade represents a 5.24 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director Jonathan Rubinstein sold 4,351 shares of Amazon.com stock in a transaction dated Monday, December 9th. The shares were sold at an average price of $229.85, for a total transaction of $1,000,077.35. Following the transaction, the director now directly owns 88,203 shares of the company's stock, valued at approximately $20,273,459.55. This trade represents a 4.70 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 106,649 shares of company stock worth $23,871,905 over the last ninety days. Insiders own 10.80% of the company's stock.

Institutional Trading of Amazon.com

A number of institutional investors and hedge funds have recently modified their holdings of AMZN. AMF Tjanstepension AB grew its position in shares of Amazon.com by 44.3% during the third quarter. AMF Tjanstepension AB now owns 2,641,401 shares of the e-commerce giant's stock valued at $492,172,000 after purchasing an additional 811,425 shares in the last quarter. Marion Wealth Management lifted its holdings in Amazon.com by 3.5% during the third quarter. Marion Wealth Management now owns 5,085 shares of the e-commerce giant's stock worth $947,000 after buying an additional 174 shares during the period. Bridge Creek Capital Management LLC boosted its position in Amazon.com by 0.4% during the third quarter. Bridge Creek Capital Management LLC now owns 35,379 shares of the e-commerce giant's stock valued at $6,592,000 after purchasing an additional 145 shares in the last quarter. Clean Yield Group grew its position in shares of Amazon.com by 11.2% in the 3rd quarter. Clean Yield Group now owns 2,173 shares of the e-commerce giant's stock worth $405,000 after buying an additional 218 shares during the last quarter. Finally, Legacy Private Trust Co. boosted its position in shares of Amazon.com by 3.6% in the 3rd quarter. Legacy Private Trust Co. now owns 105,100 shares of the e-commerce giant's stock worth $19,583,000 after purchasing an additional 3,614 shares in the last quarter. 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.

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