Amazon.com (NASDAQ:AMZN) Trading Down 3% - Time to Sell?

Amazon.com, Inc. (NASDAQ:AMZN) was down 3% during trading on Thursday . The company traded as low as $186.90 and last traded at $186.93. Approximately 13,207,886 shares were traded during trading, a decline of 68% from the average daily volume of 40,749,602 shares. The stock had previously closed at $192.73.

Analyst Ratings Changes

A number of equities research analysts have commented on AMZN shares. TD Securities raised their price objective on Amazon.com from $225.00 to $245.00 in a research report on Wednesday, July 10th. Wolfe Research initiated coverage on Amazon.com in a research note on Tuesday, July 16th. They set an "outperform" rating and a $250.00 price target for the company. Loop Capital raised their price target on Amazon.com from $750.00 to $800.00 and gave the stock a "buy" rating in a research note on Wednesday, October 16th. BMO Capital Markets reaffirmed an "outperform" rating and set a $230.00 price target on shares of Amazon.com in a research note on Thursday, September 19th. Finally, Royal Bank of Canada reaffirmed an "outperform" rating and set a $215.00 price target on shares of Amazon.com in a research note on Friday, August 2nd. Two investment analysts have rated the stock with a hold rating, forty-two have issued a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, Amazon.com presently has an average rating of "Moderate Buy" and a consensus target price of $236.76.

Amazon.com Price Performance

The company has a market cap of $1.96 trillion, a price-to-earnings ratio of 44.59, a price-to-earnings-growth ratio of 1.38 and a beta of 1.14. The company has a fifty day moving average price of $184.40 and a two-hundred day moving average price of $183.65. 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 announced its quarterly earnings results on Thursday, August 1st. The e-commerce giant reported $1.23 EPS for the quarter, beating the consensus estimate of $1.05 by $0.18. The business had revenue of $147.98 billion for the quarter, compared to analyst estimates of $148.63 billion. Amazon.com had a return on equity of 21.39% and a net margin of 7.35%. As a group, equities research analysts anticipate that Amazon.com, Inc. will post 4.85 EPS for the current fiscal year.

Insider Activity at Amazon.com

In related news, CEO Andrew R. Jassy sold 20,784 shares of the business's stock in a transaction on Wednesday, August 21st. The stock was sold at an average price of $180.77, for a total value of $3,757,123.68. Following the sale, the chief executive officer now owns 2,056,534 shares of the company's stock, valued at $371,759,651.18. The trade was a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. In related news, CEO Andrew R. Jassy sold 20,784 shares of the business's stock in a transaction on Wednesday, August 21st. The stock was sold at an average price of $180.77, for a total value of $3,757,123.68. Following the sale, the chief executive officer now owns 2,056,534 shares of the company's stock, valued at $371,759,651.18. The trade was a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO Brian T. Olsavsky sold 14,600 shares of the business's stock in a transaction on Wednesday, August 21st. The shares were sold at an average price of $180.00, for a total value of $2,628,000.00. Following the completion of the sale, the chief financial officer now directly owns 49,000 shares in the company, valued at approximately $8,820,000. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 50,855 shares of company stock valued at $9,215,048 in the last 90 days. 10.80% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Amazon.com

A number of institutional investors and hedge funds have recently bought and sold shares of AMZN. PayPay Securities Corp boosted its stake in Amazon.com by 64.6% in the second quarter. PayPay Securities Corp now owns 163 shares of the e-commerce giant's stock worth $32,000 after purchasing an additional 64 shares in the last quarter. Hoese & Co LLP acquired a new position in Amazon.com in the third quarter worth $37,000. Bull Oak Capital LLC acquired a new position in Amazon.com in the third quarter worth $45,000. Values First Advisors Inc. acquired a new position in Amazon.com in the third quarter worth $56,000. Finally, Christopher J. Hasenberg Inc boosted its stake in Amazon.com by 650.0% in the second quarter. Christopher J. Hasenberg Inc now owns 300 shares of the e-commerce giant's stock worth $58,000 after purchasing an additional 260 shares in the last quarter. 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.