Amazon.com (NASDAQ:AMZN) Shares Down 3% - Time to Sell?

Amazon.com, Inc. (NASDAQ:AMZN)'s share price fell 3% during trading on Tuesday . The stock traded as low as $197.43 and last traded at $198.78. 22,626,825 shares were traded during trading, a decline of 38% from the average session volume of 36,561,441 shares. The stock had previously closed at $205.02.

Analyst Ratings Changes

Several research firms recently commented on AMZN. Needham & Company LLC restated a "buy" rating and set a $250.00 target price on shares of Amazon.com in a research report on Friday, February 7th. Telsey Advisory Group reiterated an "outperform" rating and issued a $275.00 price objective on shares of Amazon.com in a research report on Friday, February 7th. Phillip Securities downgraded Amazon.com from a "strong-buy" rating to a "moderate buy" rating in a research report on Monday, February 10th. The Goldman Sachs Group lifted their price objective on Amazon.com from $240.00 to $255.00 and gave the company a "buy" rating in a research report on Friday, February 7th. Finally, UBS Group lifted their price objective on Amazon.com from $230.00 to $264.00 and gave the company a "buy" rating in a research report on Monday, December 16th. Two research 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. According to MarketBeat.com, Amazon.com currently has a consensus rating of "Moderate Buy" and an average price target of $260.65.

Amazon.com Trading Down 0.7 %

The company has a market capitalization of $2.11 trillion, a P/E ratio of 36.03, a price-to-earnings-growth ratio of 1.50 and a beta of 1.19. The business has a fifty day moving average price of $224.11 and a 200 day moving average price of $206.61. The company has a quick ratio of 0.87, a current ratio of 1.06 and a debt-to-equity ratio of 0.18.

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Amazon.com (NASDAQ:AMZN - Get Free Report) last released its earnings results on Thursday, February 6th. The e-commerce giant reported $1.86 earnings per share (EPS) for the quarter, topping 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, analysts expect that Amazon.com, Inc. will post 6.31 earnings per share for the current fiscal year.

Insider Buying and Selling

In other Amazon.com news, VP Shelley Reynolds sold 8,833 shares of the company's stock in a transaction that occurred on Friday, February 21st. The stock was sold at an average price of $222.47, for a total value of $1,965,077.51. Following the sale, the vice president now owns 119,780 shares in the company, valued at $26,647,456.60. This represents a 6.87 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, Director Jonathan Rubinstein sold 4,351 shares of the company'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 sale, the director now owns 88,203 shares in the company, valued at $20,273,459.55. This represents a 4.70 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 106,649 shares of company stock worth $23,871,905. Corporate insiders own 10.80% of the company's stock.

Institutional Trading of Amazon.com

Several institutional investors and hedge funds have recently bought and sold shares of AMZN. Norges Bank bought a new stake in Amazon.com in the fourth quarter valued at approximately $27,266,582,000. International Assets Investment Management LLC lifted its holdings in Amazon.com by 20,897.2% during the 3rd quarter. International Assets Investment Management LLC now owns 39,135,449 shares of the e-commerce giant's stock worth $72,921,080,000 after purchasing an additional 38,949,065 shares during the last quarter. Capital World Investors lifted its holdings in Amazon.com by 36.8% during the 4th quarter. Capital World Investors now owns 65,709,496 shares of the e-commerce giant's stock worth $14,416,078,000 after purchasing an additional 17,681,004 shares during the last quarter. Vanguard Group Inc. lifted its holdings in Amazon.com by 2.2% during the 4th quarter. Vanguard Group Inc. now owns 823,360,597 shares of the e-commerce giant's stock worth $180,637,081,000 after purchasing an additional 17,635,391 shares during the last quarter. Finally, Proficio Capital Partners LLC lifted its holdings in Amazon.com by 17,054.5% during the 4th quarter. Proficio Capital Partners LLC now owns 12,088,589 shares of the e-commerce giant's stock worth $2,652,116,000 after purchasing an additional 12,018,120 shares during the last quarter. Institutional investors own 72.20% of the company's stock.

About Amazon.com

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.