Amazon.com (NASDAQ:AMZN) Stock Price Down 2.5% - Time to Sell?

Amazon.com, Inc. (NASDAQ:AMZN) shares dropped 2.5% during trading on Wednesday . The stock traded as low as $235.50 and last traded at $236.10. Approximately 14,716,053 shares traded hands during trading, a decline of 54% from the average daily volume of 31,871,828 shares. The stock had previously closed at $242.06.

Wall Street Analysts Forecast Growth

Several equities research analysts have issued reports on the stock. Piper Sandler reiterated an "overweight" rating and issued a $265.00 price target (up from $225.00) on shares of Amazon.com in a research note on Friday. Maxim Group lifted their target price on Amazon.com from $260.00 to $280.00 and gave the company a "buy" rating in a research report on Friday. Cantor Fitzgerald reiterated an "overweight" rating and set a $270.00 target price on shares of Amazon.com in a report on Friday. Needham & Company LLC restated a "buy" rating and issued a $250.00 price target on shares of Amazon.com in a research note on Friday. Finally, Sanford C. Bernstein upped their price objective on Amazon.com from $235.00 to $265.00 and gave the stock an "outperform" rating in a research note on Wednesday, December 18th. Two research analysts have rated the stock with a hold rating, forty-two have assigned a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average price target of $260.20.

Amazon.com Price Performance

The firm has a market capitalization of $2.41 trillion, a P/E ratio of 41.44, a PEG ratio of 1.36 and a beta of 1.15. 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 business's 50 day moving average is $226.93 and its 200-day moving average is $200.62.

Amazon.com (NASDAQ:AMZN - Get Free Report) last issued its quarterly earnings results on Thursday, February 6th. The e-commerce giant reported $1.86 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.52 by $0.34. Amazon.com had a return on equity of 25.49% and a net margin of 9.29%. As a group, sell-side analysts predict that Amazon.com, Inc. will post 6.24 EPS for the current fiscal year.

Insiders Place Their Bets

In other Amazon.com news, CEO Matthew S. Garman sold 15,260 shares of the company's stock in a transaction dated Thursday, November 21st. The stock was sold at an average price of $200.19, for a total value of $3,054,899.40. Following the completion of the transaction, the chief executive officer now owns 349,261 shares of the company's stock, valued at $69,918,559.59. This represents a 4.19 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Daniel P. Huttenlocher sold 1,237 shares of Amazon.com stock in a transaction dated Tuesday, November 19th. The shares were sold at an average price of $199.06, for a total value of $246,237.22. Following the sale, the director now directly owns 24,912 shares in the company, valued at $4,958,982.72. The trade was a 4.73 % 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 valued at $625,666,424. 10.80% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in AMZN. Accordant Advisory Group Inc lifted its holdings in shares of Amazon.com by 400.0% during the fourth quarter. Accordant Advisory Group Inc now owns 125 shares of the e-commerce giant's stock worth $27,000 after purchasing an additional 100 shares during the period. Icon Wealth Advisors LLC grew its position in shares of Amazon.com by 20.5% in the 3rd quarter. Icon Wealth Advisors LLC now owns 150,661 shares of the e-commerce giant's stock valued at $28,000 after buying an additional 25,581 shares during the last quarter. Hoese & Co LLP bought a new position in shares of Amazon.com during the third quarter worth about $37,000. Bull Oak Capital LLC acquired a new position in shares of Amazon.com in the third quarter worth approximately $45,000. Finally, Quattro Financial Advisors LLC boosted its holdings in Amazon.com by 23.8% in the fourth quarter. Quattro Financial Advisors LLC now owns 234 shares of the e-commerce giant's stock valued at $51,000 after acquiring an additional 45 shares during 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.