Amazon.com (NASDAQ:AMZN) Stock Price Down 0.6% – Here’s What Happened

Amazon.com, Inc. (NASDAQ:AMZN)’s share price was down 0.6% on Monday . The stock traded as low as $216.47 and last traded at $217.66. Approximately 7,872,829 shares changed hands during mid-day trading, a decline of 71% from the average daily volume of 27,118,650 shares. The stock had previously closed at $218.94.

Analyst Upgrades and Downgrades

Several research analysts recently issued reports on the company. BMO Capital Markets reaffirmed an “outperform” rating and set a $236.00 target price on shares of Amazon.com in a research report on Tuesday, December 3rd. Moffett Nathanson upped their target price on Amazon.com from $235.00 to $248.00 and gave the company a “buy” rating in a report on Tuesday, November 26th. UBS Group raised their price target on shares of Amazon.com from $230.00 to $264.00 and gave the stock a “buy” rating in a report on Monday, December 16th. Wolfe Research increased their price objective on shares of Amazon.com from $250.00 to $270.00 and gave the stock an “outperform” rating in a research report on Friday, January 3rd. Finally, Piper Sandler boosted their target price on shares of Amazon.com from $215.00 to $225.00 and gave the company an “overweight” rating in a report on Friday, November 1st. Two equities research analysts have rated the stock with a hold rating, forty-two have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $245.33.

Amazon.com Stock Performance

The firm has a market capitalization of $2.29 trillion, a PE ratio of 46.63, a PEG ratio of 1.54 and a beta of 1.14. The company has a quick ratio of 0.87, a current ratio of 1.09 and a debt-to-equity ratio of 0.21. The company has a 50-day moving average of $216.20 and a 200 day moving average of $195.42.

Amazon.com (NASDAQ:AMZN) last posted its quarterly earnings data on Thursday, October 31st. The e-commerce giant reported $1.43 earnings per share for the quarter, topping the consensus estimate of $1.14 by $0.29. Amazon.com had a net margin of 8.04% and a return on equity of 22.41%. The company had revenue of $158.88 billion for the quarter, compared to analysts’ expectations of $157.28 billion. During the same period in the prior year, the business earned $0.85 earnings per share. Amazon.com’s revenue for the quarter was up 11.0% compared to the same quarter last year. Equities research analysts predict that Amazon.com, Inc. will post 5.29 EPS for the current year.

Insider Transactions at Amazon.com

In other Amazon.com news, CEO Matthew S. Garman sold 15,260 shares of the firm’s stock in a transaction on Thursday, November 21st. The shares were sold at an average price of $200.19, for a total value of $3,054,899.40. Following the sale, the chief executive officer now owns 349,261 shares of the company’s stock, valued at $69,918,559.59. This trade represents a 4.19 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Jeffrey P. Bezos sold 2,996,362 shares of the company’s stock in a transaction dated Friday, November 8th. The shares were sold at an average price of $208.85, for a total transaction of $625,790,203.70. Following the transaction, the insider now directly owns 917,416,976 shares of the company’s stock, valued at approximately $191,602,535,437.60. This trade represents a 0.33 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 6,032,344 shares of company stock valued at $1,253,456,822. Insiders own 10.80% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the business. ACT Advisors LLC. lifted its stake in shares of Amazon.com by 23.3% in the 2nd quarter. ACT Advisors LLC. now owns 2,883 shares of the e-commerce giant’s stock valued at $557,000 after purchasing an additional 545 shares during the period. Oldfather Financial Services LLC grew its position in shares of Amazon.com by 15.2% in the 2nd quarter. Oldfather Financial Services LLC now owns 2,124 shares of the e-commerce giant’s stock worth $410,000 after buying an additional 281 shares during the period. TrueWealth Advisors LLC increased its stake in shares of Amazon.com by 6.3% in the 2nd quarter. TrueWealth Advisors LLC now owns 7,061 shares of the e-commerce giant’s stock worth $1,365,000 after acquiring an additional 416 shares in the last quarter. Silverleafe Capital Partners LLC boosted its stake in Amazon.com by 2.5% during the second quarter. Silverleafe Capital Partners LLC now owns 4,685 shares of the e-commerce giant’s stock worth $905,000 after acquiring an additional 115 shares in the last quarter. Finally, Planned Solutions Inc. bought a new stake in Amazon.com during the second quarter worth about $202,000. Hedge funds and other institutional investors 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.