Amazon.com (NASDAQ:AMZN) Trading Down 3.3% - Here's Why

Shares of Amazon.com, Inc. (NASDAQ:AMZN) dropped 3.3% on Monday . The company traded as low as $190.88 and last traded at $192.77. Approximately 16,840,989 shares changed hands during mid-day trading, a decline of 55% from the average daily volume of 37,791,922 shares. The stock had previously closed at $199.25.

Analyst Upgrades and Downgrades

A number of research analysts have issued reports on AMZN shares. Wolfe Research boosted their target price on shares of Amazon.com from $250.00 to $270.00 and gave the company an "outperform" rating in a research note on Friday, January 3rd. Redburn Atlantic lifted their price target on Amazon.com from $225.00 to $235.00 and gave the company a "buy" rating in a report on Tuesday, November 26th. Phillip Securities lowered Amazon.com from a "strong-buy" rating to a "moderate buy" rating in a report on Monday, February 10th. Royal Bank of Canada lifted their target price on Amazon.com from $255.00 to $265.00 and gave the company an "outperform" rating in a research note on Friday, February 7th. Finally, Citigroup reiterated a "buy" rating on shares of Amazon.com in a research report on Thursday, February 13th. Two equities research analysts have rated the stock with a hold rating, forty-two have issued a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and an average target price of $260.65.

Amazon.com Stock Performance

The firm has a market capitalization of $2.07 trillion, a price-to-earnings ratio of 35.37, a PEG ratio of 1.50 and a beta of 1.19. The company has a debt-to-equity ratio of 0.18, a current ratio of 1.06 and a quick ratio of 0.87. The firm's fifty day moving average is $223.57 and its 200 day moving average is $207.12.

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

Insider Activity

In related news, CEO Douglas J. Herrington sold 5,501 shares of the business's stock in a transaction on Tuesday, February 18th. The stock was sold at an average price of $228.44, for a total value of $1,256,648.44. Following the sale, the chief executive officer now owns 505,318 shares of the company's stock, valued at $115,434,843.92. The trade was a 1.08 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, VP Shelley Reynolds sold 8,833 shares of the company's stock in a transaction on Friday, February 21st. The shares were sold at an average price of $222.47, for a total value of $1,965,077.51. Following the completion of the sale, the vice president now owns 119,780 shares in the company, valued at $26,647,456.60. This trade represents a 6.87 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 102,298 shares of company stock worth $22,871,828. 10.80% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Amazon.com

A number of institutional investors and hedge funds have recently added to or reduced their stakes in AMZN. Norges Bank bought a new position in Amazon.com in the 4th quarter valued at $27,266,582,000. International Assets Investment Management LLC raised its holdings in shares of Amazon.com by 20,897.2% in the third quarter. International Assets Investment Management LLC now owns 39,135,449 shares of the e-commerce giant's stock valued at $72,921,080,000 after buying an additional 38,949,065 shares during the last quarter. Capital World Investors lifted its position 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 buying an additional 17,681,004 shares in the last quarter. Vanguard Group Inc. lifted its position 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 buying an additional 17,635,391 shares in the last quarter. Finally, Proficio Capital Partners LLC increased its position in Amazon.com by 17,054.5% in the 4th quarter. Proficio Capital Partners LLC now owns 12,088,589 shares of the e-commerce giant's stock valued at $2,652,116,000 after acquiring an additional 12,018,120 shares in the last quarter. 72.20% of the stock is currently owned by institutional investors and hedge funds.

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.