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

Amazon.com, Inc. (NASDAQ:AMZN) shares were down 0.6% during trading on Friday . The stock traded as low as $196.75 and last traded at $197.15. Approximately 7,491,490 shares changed hands during mid-day trading, a decline of 82% from the average daily volume of 41,448,922 shares. The stock had previously closed at $198.38.

Analyst Ratings Changes

AMZN has been the subject of several analyst reports. Bank of America increased their target price on Amazon.com from $210.00 to $230.00 and gave the company a “buy” rating in a report on Friday, November 1st. JMP Securities raised their target price on shares of Amazon.com from $265.00 to $285.00 and gave the stock a “market outperform” rating in a report on Friday, November 1st. Maxim Group lifted their target price on shares of Amazon.com from $251.00 to $260.00 and gave the stock a “buy” rating in a research note on Friday, November 1st. Truist Financial increased their price target on shares of Amazon.com from $265.00 to $270.00 and gave the company a “buy” rating in a research report on Friday, November 1st. Finally, JPMorgan Chase & Co. boosted their price objective on shares of Amazon.com from $230.00 to $250.00 and gave the company an “overweight” rating in a research report on Friday, November 1st. Two research analysts have rated the stock with a hold rating, forty have issued a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $235.77.

Amazon.com Stock Performance

The business has a 50-day moving average of $193.00 and a 200 day moving average of $186.31. The company has a debt-to-equity ratio of 0.21, a current ratio of 1.09 and a quick ratio of 0.87. The company has a market cap of $2.07 trillion, a PE ratio of 42.21, a PEG ratio of 1.33 and a beta of 1.14.

Amazon.com (NASDAQ:AMZN) last released its quarterly earnings results on Thursday, October 31st. The e-commerce giant reported $1.43 EPS for the quarter, beating the consensus estimate of $1.14 by $0.29. The firm had revenue of $158.88 billion during the quarter, compared to analyst estimates of $157.28 billion. Amazon.com had a net margin of 8.04% and a return on equity of 22.41%. The business’s revenue for the quarter was up 11.0% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.85 EPS. Equities research analysts anticipate that Amazon.com, Inc. will post 5.27 EPS for the current fiscal year.

Insider Transactions at Amazon.com

In related news, SVP David Zapolsky sold 2,190 shares of the business’s stock in a transaction that occurred on Tuesday, September 24th. The stock was sold at an average price of $195.00, for a total transaction of $427,050.00. Following the completion of the transaction, the senior vice president now directly owns 62,420 shares in the company, valued at approximately $12,171,900. The trade was a 3.39 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider Jeffrey P. Bezos sold 2,996,362 shares of the firm’s stock in a transaction that occurred on Friday, November 8th. The stock was sold at an average price of $208.85, for a total transaction of $625,790,203.70. Following the sale, the insider now owns 917,416,976 shares in the company, valued at approximately $191,602,535,437.60. The trade was a 0.33 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 6,011,423 shares of company stock worth $1,249,093,896 in the last three months. Corporate insiders own 10.80% of the company’s stock.

Institutional Trading of Amazon.com

A number of hedge funds and other institutional investors have recently modified their holdings of AMZN. Capstone Capital LLC lifted its stake in shares of Amazon.com by 16.2% during the 3rd quarter. Capstone Capital LLC now owns 1,424 shares of the e-commerce giant’s stock valued at $265,000 after buying an additional 198 shares in the last quarter. Sculati Wealth Management LLC lifted its position in shares of Amazon.com by 0.3% in the third quarter. Sculati Wealth Management LLC now owns 37,930 shares of the e-commerce giant’s stock valued at $6,842,000 after acquiring an additional 124 shares in the last quarter. Eaton Financial Holdings Company LLC purchased a new position in shares of Amazon.com in the third quarter valued at about $3,937,000. Anchor Investment Management LLC boosted its stake in shares of Amazon.com by 4.7% in the third quarter. Anchor Investment Management LLC now owns 66,237 shares of the e-commerce giant’s stock worth $12,342,000 after acquiring an additional 2,961 shares during the period. Finally, Tudor Financial Inc. purchased a new stake in shares of Amazon.com during the third quarter worth about $720,000. 72.20% of the stock is owned by hedge funds and other institutional investors.

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.