Amazon.com (NASDAQ:AMZN) Stock Price Down 0.3%

Shares of Amazon.com, Inc. (NASDAQ:AMZN) were down 0.3% during mid-day trading on Tuesday . The company traded as low as $177.57 and last traded at $177.73. Approximately 7,323,599 shares were traded during trading, a decline of 83% from the average daily volume of 43,102,031 shares. The stock had previously closed at $178.22.

Analysts Set New Price Targets

A number of equities analysts have recently issued reports on AMZN shares. Royal Bank of Canada reissued an "outperform" rating and set a $215.00 target price on shares of Amazon.com in a research note on Friday, August 2nd. Wells Fargo & Company upped their price target on Amazon.com from $234.00 to $239.00 and gave the stock an "overweight" rating in a report on Friday, June 28th. TD Securities upped their price target on Amazon.com from $225.00 to $245.00 in a report on Wednesday, July 10th. Rosenblatt Securities upped their price target on Amazon.com from $220.00 to $221.00 and gave the stock a "buy" rating in a report on Friday, August 2nd. Finally, Morgan Stanley lowered their price target on Amazon.com from $240.00 to $210.00 and set an "overweight" rating on the stock in a report on Tuesday, August 6th. One research analyst has rated the stock with a hold rating, forty have given a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Buy" and a consensus price target of $221.69.

Amazon.com Stock Up 0.4 %

The company has a current ratio of 1.07, a quick ratio of 0.87 and a debt-to-equity ratio of 0.27. The firm has a market capitalization of $1.86 trillion, a PE ratio of 49.78, a price-to-earnings-growth ratio of 1.32 and a beta of 1.15. The firm has a 50-day moving average of $184.37 and a two-hundred day moving average of $180.84.

Insider Buying and Selling

In related news, CEO Douglas J. Herrington sold 3,500 shares of the stock in a transaction 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 transaction, the chief executive officer now directly owns 523,253 shares of the company's stock, valued at approximately $92,767,524.37. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. In other Amazon.com news, CEO Douglas J. Herrington sold 3,500 shares of the firm's stock in a transaction dated Monday, June 3rd. The stock was sold at an average price of $177.29, for a total value of $620,515.00. Following the transaction, the chief executive officer now directly owns 523,253 shares of the company's stock, valued at $92,767,524.37. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, SVP David Zapolsky sold 4,710 shares of the firm's stock in a transaction dated Thursday, June 27th. The shares were sold at an average price of $195.00, for a total value of $918,450.00. Following the completion of the transaction, the senior vice president now directly owns 59,500 shares in the company, valued at $11,602,500. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 6,059,152 shares of company stock valued at $1,212,453,840. 10.80% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in AMZN. Argus Investors Counsel Inc. grew its stake in shares of Amazon.com by 42.9% during the fourth quarter. Argus Investors Counsel Inc. now owns 19,630 shares of the e-commerce giant's stock valued at $2,983,000 after acquiring an additional 5,894 shares in the last quarter. Jacobsen Capital Management grew its stake in Amazon.com by 3.5% in the fourth quarter. Jacobsen Capital Management now owns 13,789 shares of the e-commerce giant's stock worth $2,095,000 after purchasing an additional 461 shares in the last quarter. ABLE Financial Group LLC grew its stake in Amazon.com by 5.2% in the fourth quarter. ABLE Financial Group LLC now owns 22,156 shares of the e-commerce giant's stock worth $3,366,000 after purchasing an additional 1,100 shares in the last quarter. Legacy Trust grew its stake in Amazon.com by 4.7% in the fourth quarter. Legacy Trust now owns 34,392 shares of the e-commerce giant's stock worth $5,226,000 after purchasing an additional 1,550 shares in the last quarter. Finally, Reliant Investment Management LLC grew its stake in Amazon.com by 1.3% in the fourth quarter. Reliant Investment Management LLC now owns 33,242 shares of the e-commerce giant's stock worth $5,051,000 after purchasing an additional 427 shares in the last quarter. 72.20% of the stock is 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.