Amazon.com (NASDAQ:AMZN) Shares Down 3.2%

Amazon.com, Inc. (NASDAQ:AMZN)’s share price traded down 3.2% on Thursday . The company traded as low as $166.32 and last traded at $170.92. 20,671,126 shares were traded during trading, a decline of 51% from the average session volume of 42,438,934 shares. The stock had previously closed at $176.59.

Wall Street Analyst Weigh In

A number of analysts have recently weighed in on the stock. JMP Securities reiterated a “market outperform” rating and set a $225.00 target price on shares of Amazon.com in a report on Wednesday. Monness Crespi & Hardt increased their price target on shares of Amazon.com from $170.00 to $215.00 and gave the stock a “buy” rating in a research note on Friday, February 2nd. BMO Capital Markets increased their price target on shares of Amazon.com from $205.00 to $215.00 and gave the stock an “outperform” rating in a research note on Tuesday. Raymond James increased their price target on shares of Amazon.com from $185.00 to $200.00 and gave the stock a “strong-buy” rating in a research note on Friday, February 2nd. Finally, Wolfe Research lifted their target price on shares of Amazon.com from $195.00 to $205.00 and gave the company an “outperform” rating in a report on Friday, February 2nd. One investment analyst has rated the stock with a hold rating, forty-four have assigned a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Buy” and an average target price of $205.13.

Amazon.com Price Performance

The company has a current ratio of 1.05, a quick ratio of 0.84 and a debt-to-equity ratio of 0.29. The company has a market capitalization of $1.87 trillion, a PE ratio of 61.94, a price-to-earnings-growth ratio of 1.53 and a beta of 1.16. The stock’s 50-day moving average is $177.99 and its two-hundred day moving average is $158.59.

Amazon.com (NASDAQ:AMZN) last posted its quarterly earnings data on Thursday, February 1st. The e-commerce giant reported $1.00 earnings per share for the quarter, topping analysts’ consensus estimates of $0.81 by $0.19. Amazon.com had a net margin of 5.29% and a return on equity of 16.61%. The company had revenue of $169.96 billion for the quarter, compared to analyst estimates of $165.96 billion. During the same period in the prior year, the company posted $0.21 EPS. The firm’s revenue for the quarter was up 13.9% on a year-over-year basis. On average, equities analysts predict that Amazon.com, Inc. will post 4.1 EPS for the current year.

Insider Buying and Selling

In other news, insider Jeffrey P. Bezos sold 5,998,849 shares of the firm’s stock in a transaction that occurred on Wednesday, February 7th. The shares were sold at an average price of $170.16, for a total transaction of $1,020,764,145.84. Following the transaction, the insider now directly owns 982,252,968 shares of the company’s stock, valued at $167,140,165,034.88. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. In other news, insider Jeffrey P. Bezos sold 5,998,849 shares of the firm’s stock in a transaction that occurred on Wednesday, February 7th. The shares were sold at an average price of $170.16, for a total transaction of $1,020,764,145.84. Following the transaction, the insider now directly owns 982,252,968 shares of the company’s stock, valued at $167,140,165,034.88. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, VP Shelley Reynolds sold 3,100 shares of the firm’s stock in a transaction that occurred on Wednesday, February 21st. The stock was sold at an average price of $168.97, for a total transaction of $523,807.00. Following the transaction, the vice president now directly owns 119,780 shares in the company, valued at $20,239,226.60. The disclosure for this sale can be found here. Insiders have sold 32,214,010 shares of company stock valued at $5,505,889,146 in the last ninety days. 10.30% of the stock is owned by company insiders.

Hedge Funds Weigh In On Amazon.com

A number of hedge funds and other institutional investors have recently modified their holdings of the business. Vanguard Group Inc. boosted its stake in shares of Amazon.com by 1.7% during the fourth quarter. Vanguard Group Inc. now owns 771,086,427 shares of the e-commerce giant’s stock valued at $117,158,872,000 after purchasing an additional 13,134,632 shares in the last quarter. FMR LLC boosted its stake in shares of Amazon.com by 7.7% during the third quarter. FMR LLC now owns 302,101,441 shares of the e-commerce giant’s stock valued at $38,403,135,000 after purchasing an additional 21,649,871 shares in the last quarter. Norges Bank bought a new position in shares of Amazon.com during the fourth quarter valued at approximately $17,700,551,000. Northern Trust Corp boosted its stake in Amazon.com by 3.7% in the third quarter. Northern Trust Corp now owns 92,329,336 shares of the e-commerce giant’s stock valued at $11,736,905,000 after acquiring an additional 3,260,411 shares in the last quarter. Finally, Jennison Associates LLC boosted its stake in Amazon.com by 2.5% in the fourth quarter. Jennison Associates LLC now owns 56,371,051 shares of the e-commerce giant’s stock valued at $8,565,017,000 after acquiring an additional 1,389,503 shares in the last quarter. 72.20% of the stock is currently owned by institutional investors.

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.