Amazon.com (NASDAQ:AMZN) Shares Down 0.2%

Shares of Amazon.com, Inc. (NASDAQ:AMZN) traded down 0.2% on Tuesday . The stock traded as low as $180.51 and last traded at $180.67. 17,190,995 shares traded hands during trading, a decline of 60% from the average session volume of 42,642,523 shares. The stock had previously closed at $180.96.

Analysts Set New Price Targets

Several analysts have weighed in on the stock. Moffett Nathanson reiterated a “buy” rating and set a $228.00 target price on shares of Amazon.com in a research note on Thursday, April 11th. The Goldman Sachs Group upped their price target on shares of Amazon.com from $220.00 to $225.00 and gave the stock a “buy” rating in a research report on Wednesday. Citigroup upped their price target on shares of Amazon.com from $235.00 to $245.00 and gave the stock a “buy” rating in a research report on Wednesday. Telsey Advisory Group upped their price target on shares of Amazon.com from $200.00 to $215.00 and gave the stock an “outperform” rating in a research report on Wednesday. Finally, Rosenblatt Securities restated a “buy” rating and set a $220.00 price target on shares of Amazon.com in a research report on Wednesday. One investment analyst has rated the stock with a hold rating, forty-four have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, Amazon.com has a consensus rating of “Buy” and an average target price of $210.18.

Amazon.com Stock Performance

The stock has a market cap of $1.86 trillion, a P/E ratio of 50.14, a price-to-earnings-growth ratio of 1.53 and a beta of 1.15. The firm’s 50-day moving average is $178.59 and its two-hundred day moving average is $159.78. The company has a quick ratio of 0.84, a current ratio of 1.05 and a debt-to-equity ratio of 0.29.

Amazon.com (NASDAQ:AMZN) last issued its quarterly earnings data on Tuesday, April 30th. The e-commerce giant reported $0.98 earnings per share for the quarter, beating the consensus estimate of $0.83 by $0.15. The firm had revenue of $143.31 billion for the quarter, compared to analyst estimates of $142.65 billion. Amazon.com had a net margin of 6.38% and a return on equity of 20.73%. The company’s revenue for the quarter was up 12.5% on a year-over-year basis. During the same quarter last year, the firm earned $0.31 earnings per share. As a group, research analysts expect that Amazon.com, Inc. will post 4.08 EPS for the current year.

Insider Activity

In other news, CEO Adam Selipsky sold 500 shares of Amazon.com stock in a transaction that occurred on Thursday, April 18th. The shares were sold at an average price of $181.38, for a total value of $90,690.00. Following the transaction, the chief executive officer now owns 130,600 shares of the company’s stock, valued at $23,688,228. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. In other news, CEO Douglas J. Herrington sold 3,500 shares of the firm’s stock in a transaction on Monday, April 1st. The shares were sold at an average price of $180.73, for a total value of $632,555.00. Following the sale, the chief executive officer now owns 512,858 shares in the company, valued at $92,688,826.34. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, CEO Adam Selipsky sold 500 shares of the firm’s stock in a transaction on Thursday, April 18th. The stock was sold at an average price of $181.38, for a total transaction of $90,690.00. Following the completion of the sale, the chief executive officer now owns 130,600 shares in the company, valued at approximately $23,688,228. The disclosure for this sale can be found here. Insiders have sold a total of 32,213,510 shares of company stock valued at $5,505,811,286 over the last 90 days. 10.80% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Amazon.com

A number of institutional investors have recently bought and sold shares of AMZN. Norges Bank acquired a new stake in Amazon.com during the fourth quarter worth $17,700,551,000. Vanguard Group Inc. boosted its stake in Amazon.com by 4.4% during the third quarter. Vanguard Group Inc. now owns 757,951,795 shares of the e-commerce giant’s stock worth $96,350,832,000 after buying an additional 32,038,029 shares in the last quarter. International Assets Investment Management LLC boosted its stake in Amazon.com by 16,029.3% during the fourth quarter. International Assets Investment Management LLC now owns 23,865,216 shares of the e-commerce giant’s stock worth $36,260,810,000 after buying an additional 23,717,254 shares in the last quarter. FMR LLC boosted its stake in Amazon.com by 7.7% during the third quarter. FMR LLC now owns 302,101,441 shares of the e-commerce giant’s stock worth $38,403,135,000 after buying an additional 21,649,871 shares in the last quarter. Finally, Jennison Associates LLC lifted its holdings in shares of Amazon.com by 28.4% during the third quarter. Jennison Associates LLC now owns 54,981,548 shares of the e-commerce giant’s stock valued at $6,989,254,000 after acquiring an additional 12,176,114 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.