Amazon.com (NASDAQ:AMZN) Trading Down 0.6%

Amazon.com, Inc. (NASDAQ:AMZN) fell 0.6% on Wednesday . The stock traded as low as $173.03 and last traded at $175.17. 8,795,430 shares changed hands during trading, a decline of 79% from the average session volume of 42,410,332 shares. The stock had previously closed at $176.25.

Wall Street Analysts Forecast Growth

A number of equities analysts recently commented on AMZN shares. Itau BBA Securities cut shares of Amazon.com from an "outperform" rating to a "market perform" rating and set a $186.00 price target for the company. in a research note on Friday, August 2nd. Jefferies Financial Group cut their target price on Amazon.com from $235.00 to $225.00 and set a "buy" rating on the stock in a research note on Friday, August 2nd. TD Securities raised their price target on Amazon.com from $225.00 to $245.00 in a research note on Wednesday, July 10th. Piper Sandler cut their price objective on Amazon.com from $220.00 to $215.00 and set an "overweight" rating on the stock in a research report on Friday, August 2nd. Finally, Tigress Financial boosted their target price on shares of Amazon.com from $210.00 to $245.00 and gave the company a "buy" rating in a research note on Thursday, May 30th. One analyst has rated the stock with a hold rating, forty have issued a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat, the stock currently has an average rating of "Buy" and an average target price of $222.31.

Amazon.com Stock Down 1.7 %

The company has a market capitalization of $1.80 trillion, a price-to-earnings ratio of 49.07, a PEG ratio of 1.34 and a beta of 1.15. The company has a debt-to-equity ratio of 0.23, a quick ratio of 0.88 and a current ratio of 1.10. The business's 50 day moving average is $182.34 and its 200 day moving average is $181.26.

Amazon.com (NASDAQ:AMZN - Get Free Report) last posted its quarterly earnings results on Thursday, August 1st. The e-commerce giant reported $1.23 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.05 by $0.18. The business had revenue of $147.98 billion during the quarter, compared to analysts' expectations of $148.63 billion. Amazon.com had a net margin of 7.35% and a return on equity of 21.39%. Sell-side analysts anticipate that Amazon.com, Inc. will post 4.86 earnings per share for the current year.

Insider Buying and Selling at Amazon.com

In other Amazon.com news, VP Shelley Reynolds sold 3,791 shares of the firm's stock in a transaction that occurred on Wednesday, August 21st. The shares were sold at an average price of $181.04, for a total transaction of $686,322.64. Following the completion of the transaction, the vice president now directly owns 121,461 shares of the company's stock, valued at approximately $21,989,299.44. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. In other Amazon.com news, VP Shelley Reynolds sold 3,791 shares of the stock in a transaction dated Wednesday, August 21st. The stock was sold at an average price of $181.04, for a total transaction of $686,322.64. Following the sale, the vice president now directly owns 121,461 shares of the company's stock, valued at approximately $21,989,299.44. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Douglas J. Herrington sold 3,500 shares of the business's stock in a transaction dated Monday, July 1st. The shares were sold at an average price of $195.99, for a total value of $685,965.00. Following the completion of the transaction, the chief executive officer now directly owns 519,753 shares of the company's stock, valued at approximately $101,866,390.47. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 6,104,317 shares of company stock worth $1,220,621,322. 10.80% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Amazon.com

Hedge funds and other institutional investors have recently made changes to their positions in the company. Allen Capital Group LLC lifted its position in shares of Amazon.com by 6.6% during the 4th quarter. Allen Capital Group LLC now owns 28,181 shares of the e-commerce giant's stock valued at $4,282,000 after buying an additional 1,740 shares in the last quarter. Diversified Portfolios Inc. grew its position in shares of Amazon.com by 5.1% in the fourth quarter. Diversified Portfolios Inc. now owns 7,915 shares of the e-commerce giant's stock valued at $1,203,000 after purchasing an additional 381 shares during the period. Avior Wealth Management LLC grew its position in shares of Amazon.com by 3.1% in the fourth quarter. Avior Wealth Management LLC now owns 73,967 shares of the e-commerce giant's stock valued at $11,239,000 after purchasing an additional 2,200 shares during the period. Financial Strategies Group Inc. increased its stake in shares of Amazon.com by 12.4% during the fourth quarter. Financial Strategies Group Inc. now owns 37,337 shares of the e-commerce giant's stock worth $5,857,000 after purchasing an additional 4,114 shares in the last quarter. Finally, Tyche Wealth Partners LLC purchased a new position in Amazon.com in the 4th quarter valued at about $8,358,000. Institutional investors and hedge funds 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.