Amazon.com (NASDAQ:AMZN) Stock Price Down 2%

Shares of Amazon.com, Inc. (NASDAQ:AMZN) were down 2% during trading on Friday . The stock traded as low as $173.90 and last traded at $174.30. Approximately 7,264,492 shares were traded during trading, a decline of 83% from the average daily volume of 42,318,051 shares. The stock had previously closed at $177.89.

Analysts Set New Price Targets

Several analysts recently commented on AMZN shares. TD Cowen increased their target price on shares of Amazon.com from $225.00 to $245.00 and gave the company a "buy" rating in a research note on Wednesday, July 10th. The Goldman Sachs Group cut their target price on shares of Amazon.com from $250.00 to $230.00 and set a "buy" rating for the company in a research note on Friday, August 2nd. JMP Securities increased their target price on shares of Amazon.com from $245.00 to $265.00 and gave the company a "market outperform" rating in a research note on Tuesday. Sanford C. Bernstein increased their target price on shares of Amazon.com from $210.00 to $215.00 and gave the company an "outperform" rating in a research note on Monday, July 22nd. Finally, Cantor Fitzgerald initiated coverage on shares of Amazon.com in a research note on Thursday. They set an "overweight" rating and a $230.00 target price for the company. One investment analyst has rated the stock with a hold rating, forty have assigned a buy rating and two have given a strong buy rating to the stock. Based on data from MarketBeat, Amazon.com currently has a consensus rating of "Buy" and an average price target of $222.49.

Amazon.com Trading Down 3.7 %

The business's fifty day simple moving average is $181.54 and its two-hundred day simple moving average is $181.18. The stock has a market capitalization of $1.78 trillion, a P/E ratio of 48.82, a P/E/G ratio of 1.34 and a beta of 1.14. The company has a current ratio of 1.10, a quick ratio of 0.88 and a debt-to-equity ratio of 0.23.

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

Insider Transactions at Amazon.com

In other news, VP Shelley Reynolds sold 3,791 shares of the firm's stock in a transaction dated 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 available through this hyperlink. In related news, SVP David Zapolsky sold 9,490 shares of Amazon.com stock in a transaction dated Wednesday, August 21st. The shares were sold at an average price of $180.88, for a total transaction of $1,716,551.20. Following the completion of the transaction, the senior vice president now directly owns 64,610 shares of the company's stock, valued at approximately $11,686,656.80. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, VP Shelley Reynolds sold 3,791 shares of Amazon.com stock in a transaction dated Wednesday, August 21st. The shares were sold at an average price of $181.04, for a total transaction of $686,322.64. Following the transaction, the vice president now directly owns 121,461 shares of the company's stock, valued at $21,989,299.44. The disclosure for this sale can be found here. In the last three months, insiders sold 6,104,317 shares of company stock valued at $1,220,621,322. Company insiders own 10.80% of the company's stock.

Institutional Investors Weigh In On Amazon.com

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Vanguard Group Inc. increased its position in Amazon.com by 1.9% in the 1st quarter. Vanguard Group Inc. now owns 785,811,114 shares of the e-commerce giant's stock valued at $141,744,609,000 after acquiring an additional 14,724,687 shares in the last quarter. Norges Bank acquired a new stake in shares of Amazon.com during the 4th quarter worth approximately $17,700,551,000. Capital Research Global Investors grew its position in shares of Amazon.com by 8.5% during the 1st quarter. Capital Research Global Investors now owns 86,982,857 shares of the e-commerce giant's stock worth $15,689,968,000 after buying an additional 6,810,145 shares during the period. Legal & General Group Plc grew its position in shares of Amazon.com by 1.5% during the 2nd quarter. Legal & General Group Plc now owns 69,686,374 shares of the e-commerce giant's stock worth $13,466,933,000 after buying an additional 1,042,177 shares during the period. Finally, Bank of New York Mellon Corp grew its position in shares of Amazon.com by 0.4% during the 2nd quarter. Bank of New York Mellon Corp now owns 67,745,972 shares of the e-commerce giant's stock worth $13,091,909,000 after buying an additional 289,532 shares during the period. Institutional investors and hedge funds own 72.20% of the company's stock.

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.