Amazon.com (NASDAQ:AMZN) Shares Down 2.6% - Time to Sell?

Shares of Amazon.com, Inc. (NASDAQ:AMZN) were down 2.6% during mid-day trading on Monday . The company traded as low as $180.56 and last traded at $181.67. Approximately 15,323,029 shares were traded during mid-day trading, a decline of 63% from the average daily volume of 41,837,422 shares. The stock had previously closed at $186.51.

Analyst Ratings Changes

Several research analysts have weighed in on AMZN shares. The Goldman Sachs Group lowered their price target on shares of Amazon.com from $250.00 to $230.00 and set a "buy" rating on the stock in a report on Friday, August 2nd. TD Cowen boosted their price target on Amazon.com from $225.00 to $245.00 and gave the company a "buy" rating in a research note on Wednesday, July 10th. Itau BBA Securities cut Amazon.com from an "outperform" rating to a "market perform" rating and set a $186.00 price objective on the stock. in a research report on Friday, August 2nd. JPMorgan Chase & Co. reduced their target price on shares of Amazon.com from $240.00 to $230.00 and set an "overweight" rating for the company in a research report on Friday, August 2nd. Finally, Jefferies Financial Group lowered their price target on shares of Amazon.com from $235.00 to $225.00 and set a "buy" rating on the stock in a research report on Friday, August 2nd. Two analysts have rated the stock with a hold rating, forty have assigned a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, Amazon.com presently has a consensus rating of "Moderate Buy" and an average price target of $222.67.

Amazon.com Price Performance

The business's fifty day moving average price is $179.17 and its 200 day moving average price is $182.99. The company has a debt-to-equity ratio of 0.23, a current ratio of 1.10 and a quick ratio of 0.88. The stock has a market cap of $1.88 trillion, a P/E ratio of 50.65, a PEG ratio of 1.46 and a beta of 1.14.

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

Insider Activity

In other news, VP Shelley Reynolds sold 3,791 shares of the company's stock in a transaction that occurred on Wednesday, August 21st. The stock was sold at an average price of $181.04, for a total value of $686,322.64. Following the completion of the transaction, the vice president now owns 121,461 shares of the company's stock, valued at $21,989,299.44. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. In other Amazon.com news, CEO Andrew R. Jassy sold 20,784 shares of the stock in a transaction that occurred on Wednesday, August 21st. The shares were sold at an average price of $180.77, for a total transaction of $3,757,123.68. Following the completion of the sale, the chief executive officer now owns 2,056,534 shares of the company's stock, valued at approximately $371,759,651.18. This represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, VP Shelley Reynolds sold 3,791 shares of the 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 sale, the vice president now directly owns 121,461 shares of the company's stock, valued at $21,989,299.44. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 320,751 shares of company stock valued at $63,159,286 over the last quarter. 10.80% of the stock is owned by company insiders.

Institutional Trading of Amazon.com

A number of institutional investors and hedge funds have recently added to or reduced their stakes in AMZN. Cooksen Wealth LLC acquired a new stake in Amazon.com during the 4th quarter valued at approximately $30,000. PayPay Securities Corp grew its position in shares of Amazon.com by 64.6% during the 2nd quarter. PayPay Securities Corp now owns 163 shares of the e-commerce giant's stock worth $32,000 after buying an additional 64 shares during the period. Clarity Asset Management Inc. acquired a new stake in shares of Amazon.com during the 4th quarter worth approximately $46,000. Christopher J. Hasenberg Inc grew its position in shares of Amazon.com by 650.0% during the 2nd quarter. Christopher J. Hasenberg Inc now owns 300 shares of the e-commerce giant's stock worth $58,000 after buying an additional 260 shares during the period. Finally, Steph & Co. acquired a new stake in shares of Amazon.com during the 1st quarter worth approximately $65,000. 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.