Amazon.com (NASDAQ:AMZN) Shares Down 1.6% - What's Next?

Amazon.com, Inc. (NASDAQ:AMZN) shares traded down 1.6% during mid-day trading on Tuesday . The stock traded as low as $225.02 and last traded at $225.09. 11,925,124 shares changed hands during trading, a decline of 65% from the average session volume of 34,121,594 shares. The stock had previously closed at $228.68.

Analysts Set New Price Targets

Several equities analysts have recently issued reports on the stock. Needham & Company LLC restated a "buy" rating and set a $250.00 price objective on shares of Amazon.com in a report on Friday, February 7th. JMP Securities reiterated a "market outperform" rating and issued a $285.00 target price on shares of Amazon.com in a research report on Friday, February 7th. Evercore ISI upped their target price on Amazon.com from $240.00 to $260.00 and gave the company an "outperform" rating in a research report on Friday, November 1st. Robert W. Baird upped their target price on Amazon.com from $220.00 to $260.00 and gave the company an "outperform" rating in a research report on Friday, December 13th. Finally, Maxim Group upped 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, February 7th. Two research analysts have rated the stock with a hold rating, forty-two have given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $260.74.

Amazon.com Trading Down 2.8 %

The company has a 50 day moving average of $227.88 and a 200 day moving average of $204.26. The company has a debt-to-equity ratio of 0.18, a quick ratio of 0.87 and a current ratio of 1.06. The stock has a market capitalization of $2.30 trillion, a price-to-earnings ratio of 39.16, a P/E/G ratio of 1.54 and a beta of 1.15.

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Amazon.com (NASDAQ:AMZN - Get Free Report) last posted its quarterly earnings data on Thursday, February 6th. The e-commerce giant reported $1.86 EPS for the quarter, beating the consensus estimate of $1.52 by $0.34. Amazon.com had a return on equity of 24.25% and a net margin of 9.29%. On average, research analysts predict that Amazon.com, Inc. will post 6.31 EPS for the current fiscal year.

Insiders Place Their Bets

In other Amazon.com news, CEO Douglas J. Herrington sold 3,500 shares of the firm's stock in a transaction on Monday, December 2nd. The stock was sold at an average price of $210.00, for a total value of $735,000.00. Following the completion of the sale, the chief executive officer now directly owns 524,567 shares of the company's stock, valued at $110,159,070. This trade represents a 0.66 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Jonathan Rubinstein sold 4,351 shares of the firm's stock in a transaction on Monday, December 9th. The stock was sold at an average price of $229.85, for a total value of $1,000,077.35. Following the completion of the sale, the director now directly owns 88,203 shares of the company's stock, valued at $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 sold 40,852 shares of company stock valued at $9,324,151 in the last three months. 10.80% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Amazon.com

A number of hedge funds have recently modified their holdings of AMZN. Fiera Capital Corp grew its holdings in shares of Amazon.com by 12.5% during the 2nd quarter. Fiera Capital Corp now owns 401,113 shares of the e-commerce giant's stock worth $77,515,000 after purchasing an additional 44,615 shares during the period. Beck Bode LLC purchased a new position in Amazon.com during the 2nd quarter valued at about $651,000. Point72 Asia Singapore Pte. Ltd. purchased a new position in Amazon.com during the 2nd quarter valued at about $3,243,000. Ameriprise Financial Inc. boosted its holdings in Amazon.com by 3.4% during the 2nd quarter. Ameriprise Financial Inc. now owns 40,973,804 shares of the e-commerce giant's stock valued at $7,917,906,000 after acquiring an additional 1,329,150 shares during the period. Finally, Employees Retirement System of Texas boosted its holdings in Amazon.com by 1.6% during the 2nd quarter. Employees Retirement System of Texas now owns 1,843,015 shares of the e-commerce giant's stock valued at $356,163,000 after acquiring an additional 29,308 shares during the period. 72.20% of the stock is currently owned by hedge funds and other institutional investors.

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.