Amazon.com (NASDAQ:AMZN) Shares Down 2%

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

Wall Street Analysts Forecast Growth

AMZN has been the topic of a number of recent analyst reports. BMO Capital Markets increased their price objective on Amazon.com from $220.00 to $230.00 and gave the company an “outperform” rating in a report on Thursday, July 25th. Jefferies Financial Group dropped their price objective on Amazon.com from $235.00 to $225.00 and set a “buy” rating on the stock in a report on Friday, August 2nd. JPMorgan Chase & Co. dropped their price objective on Amazon.com from $240.00 to $230.00 and set an “overweight” rating on the stock in a report on Friday, August 2nd. JMP Securities increased their price objective on Amazon.com from $245.00 to $265.00 and gave the company a “market outperform” rating in a report on Tuesday. Finally, Wells Fargo & Company dropped their price objective on Amazon.com from $232.00 to $225.00 and set an “overweight” rating on the stock in a report on Monday, August 26th. One equities research analyst has rated the stock with a hold rating, forty have assigned a buy rating and two have issued a strong buy rating to the company’s stock. According to MarketBeat, Amazon.com currently has a consensus rating of “Buy” and a consensus price target of $222.49.

Amazon.com Stock Performance

The stock has a 50-day simple moving average of $181.54 and a 200-day simple moving average of $181.18. 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 $1.79 trillion, a PE ratio of 48.82, a P/E/G ratio of 1.34 and a beta of 1.14.

Amazon.com (NASDAQ:AMZN) last issued its earnings results on Thursday, August 1st. The e-commerce giant reported $1.23 earnings per share for the quarter, topping 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. Equities analysts predict that Amazon.com, Inc. will post 4.86 earnings per share for the current fiscal year.

Insider Transactions at Amazon.com

In other news, SVP David Zapolsky sold 4,710 shares of the company’s stock in a transaction dated Thursday, June 27th. The stock was sold at an average price of $195.00, for a total value of $918,450.00. Following the completion of the sale, the senior vice president now owns 59,500 shares of the company’s stock, valued at $11,602,500. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. In related news, CEO Douglas J. Herrington sold 3,500 shares of the stock in a transaction dated Monday, July 1st. The stock was sold at an average price of $195.99, for a total value of $685,965.00. Following the completion of the transaction, the chief executive officer now owns 519,753 shares of the company’s stock, valued at $101,866,390.47. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, SVP David Zapolsky sold 4,710 shares of the stock in a transaction dated Thursday, June 27th. The shares were sold at an average price of $195.00, for a total value of $918,450.00. Following the completion of the transaction, the senior vice president now directly owns 59,500 shares of the company’s stock, valued at approximately $11,602,500. The disclosure for this sale can be found here. Insiders sold 6,104,317 shares of company stock valued at $1,220,621,322 over the last quarter. Company insiders own 10.80% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of AMZN. PayPay Securities Corp raised its stake in Amazon.com by 64.6% during the second quarter. PayPay Securities Corp now owns 163 shares of the e-commerce giant’s stock valued at $32,000 after buying an additional 64 shares in the last quarter. Cooksen Wealth LLC acquired a new stake in Amazon.com during the fourth quarter valued at approximately $30,000. Christopher J. Hasenberg Inc raised its stake in Amazon.com by 650.0% during the second quarter. Christopher J. Hasenberg Inc now owns 300 shares of the e-commerce giant’s stock valued at $58,000 after buying an additional 260 shares in the last quarter. Clarity Asset Management Inc. acquired a new stake in Amazon.com during the fourth quarter valued at approximately $46,000. Finally, Steph & Co. acquired a new stake in Amazon.com during the first quarter valued at approximately $65,000. Hedge funds and other institutional investors 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.