Amazon.com (NASDAQ:AMZN) Trading Down 0.8%

Amazon.com, Inc. (NASDAQ:AMZN)'s stock price fell 0.8% during mid-day trading on Tuesday . The stock traded as low as $182.32 and last traded at $182.60. 9,745,994 shares changed hands during trading, a decline of 77% from the average session volume of 41,586,281 shares. The stock had previously closed at $184.06.

Analyst Ratings Changes

Several equities research analysts recently weighed in on the company. Tigress Financial boosted their target price on Amazon.com from $210.00 to $245.00 and gave the stock a "buy" rating in a research note on Thursday, May 30th. Argus upped their target price on shares of Amazon.com from $185.00 to $205.00 and gave the company a "buy" rating in a report on Thursday, May 2nd. Needham & Company LLC reiterated a "buy" rating and set a $205.00 price target on shares of Amazon.com in a research note on Wednesday, May 15th. Robert W. Baird upped their price objective on shares of Amazon.com from $205.00 to $210.00 and gave the company an "outperform" rating in a research note on Wednesday, May 1st. Finally, BMO Capital Markets lifted their target price on Amazon.com from $215.00 to $220.00 and gave the stock an "outperform" rating in a research report on Wednesday, May 1st. One analyst has rated the stock with a hold rating, forty-three have assigned a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the company has an average rating of "Buy" and a consensus target price of $213.82.

Amazon.com Stock Down 0.7 %

The firm has a market cap of $1.90 trillion, a price-to-earnings ratio of 51.21, a PEG ratio of 1.32 and a beta of 1.14. The company has a quick ratio of 0.87, a current ratio of 1.07 and a debt-to-equity ratio of 0.27. The firm has a fifty day moving average price of $182.84 and a 200-day moving average price of $170.87.

Amazon.com (NASDAQ:AMZN - Get Free Report) last issued its quarterly earnings results on Tuesday, April 30th. The e-commerce giant reported $0.98 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.83 by $0.15. Amazon.com had a return on equity of 19.86% and a net margin of 6.38%. The firm had revenue of $143.31 billion for the quarter, compared to analyst estimates of $142.65 billion. During the same period last year, the company earned $0.31 EPS. The firm's quarterly revenue was up 12.5% on a year-over-year basis. As a group, sell-side analysts forecast that Amazon.com, Inc. will post 4.72 EPS for the current year.

Insider Activity at Amazon.com

In other Amazon.com news, CEO Douglas J. Herrington sold 3,500 shares of the business's stock in a transaction dated Monday, June 3rd. The stock was sold at an average price of $177.29, for a total transaction of $620,515.00. Following the completion of the sale, the chief executive officer now owns 523,253 shares of the company's stock, valued at $92,767,524.37. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. In other news, CEO Andrew R. Jassy sold 20,784 shares of the stock in a transaction dated Tuesday, May 21st. The stock was sold at an average price of $181.44, for a total value of $3,771,048.96. Following the completion of the sale, the chief executive officer now owns 2,025,358 shares in the company, valued at $367,480,955.52. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, CEO Douglas J. Herrington sold 3,500 shares of the company's stock in a transaction that occurred on Monday, June 3rd. The stock was sold at an average price of $177.29, for a total value of $620,515.00. Following the completion of the transaction, the chief executive officer now owns 523,253 shares of the company's stock, valued at approximately $92,767,524.37. The disclosure for this sale can be found here. Over the last three months, insiders sold 65,838 shares of company stock worth $11,984,344. 10.80% of the stock is owned by company insiders.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in the company. Metis Global Partners LLC grew its position in shares of Amazon.com by 17.3% during the third quarter. Metis Global Partners LLC now owns 433,892 shares of the e-commerce giant's stock worth $55,156,000 after buying an additional 64,019 shares in the last quarter. Acorn Wealth Advisors LLC increased its position in shares of Amazon.com by 3.9% in the 3rd quarter. Acorn Wealth Advisors LLC now owns 5,522 shares of the e-commerce giant's stock worth $702,000 after purchasing an additional 208 shares during the last quarter. Clearstead Advisors LLC raised its stake in shares of Amazon.com by 37.6% in the 3rd quarter. Clearstead Advisors LLC now owns 135,448 shares of the e-commerce giant's stock valued at $17,218,000 after purchasing an additional 37,019 shares in the last quarter. LCM Capital Management Inc lifted its position in shares of Amazon.com by 4.4% during the third quarter. LCM Capital Management Inc now owns 18,569 shares of the e-commerce giant's stock worth $2,360,000 after purchasing an additional 777 shares during the last quarter. Finally, Financial Counselors Inc. grew its stake in Amazon.com by 2.7% in the third quarter. Financial Counselors Inc. now owns 895,084 shares of the e-commerce giant's stock worth $113,783,000 after purchasing an additional 23,596 shares in the last quarter. 72.20% of the stock is owned by institutional investors and hedge funds.

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.