Amazon.com (NASDAQ:AMZN) Trading Down 0.2% – Time to Sell?

Amazon.com, Inc. (NASDAQ:AMZN)’s stock price dropped 0.2% during trading on Wednesday . The company traded as low as $236.55 and last traded at $237.76. Approximately 7,285,902 shares were traded during trading, a decline of 77% from the average daily volume of 31,389,346 shares. The stock had previously closed at $238.15.

Analysts Set New Price Targets

Several analysts have recently weighed in on the stock. UBS Group raised their price objective 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. Pivotal Research assumed coverage on shares of Amazon.com in a research report on Friday, October 11th. They issued a “buy” rating and a $260.00 price target on the stock. Robert W. Baird increased their target price on Amazon.com from $220.00 to $260.00 and gave the stock an “outperform” rating in a research note on Friday, December 13th. Mizuho lifted their target price on Amazon.com from $240.00 to $260.00 and gave the company an “outperform” rating in a research report on Tuesday, December 10th. Finally, Wells Fargo & Company increased their price objective on shares of Amazon.com from $197.00 to $212.00 and gave the stock an “equal weight” rating in a research note on Tuesday, January 14th. Two investment analysts have rated the stock with a hold rating, forty-two have given a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $249.46.

Amazon.com Stock Down 0.2 %

The company has a market cap of $2.50 trillion, a P/E ratio of 50.78, a price-to-earnings-growth ratio of 1.31 and a beta of 1.14. The firm’s 50 day moving average price is $221.62 and its two-hundred day moving average price is $198.03. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.87 and a current ratio of 1.09.

Amazon.com (NASDAQ:AMZN) last issued its earnings results on Thursday, October 31st. The e-commerce giant reported $1.43 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.14 by $0.29. Amazon.com had a return on equity of 22.41% and a net margin of 8.04%. The company had revenue of $158.88 billion for the quarter, compared to analysts’ expectations of $157.28 billion. During the same period last year, the business earned $0.85 EPS. Amazon.com’s quarterly revenue was up 11.0% compared to the same quarter last year. Equities research analysts anticipate that Amazon.com, Inc. will post 5.39 EPS for the current fiscal year.

Insider Activity at Amazon.com

In other Amazon.com news, CEO Douglas J. Herrington sold 5,502 shares of the stock in a transaction dated Friday, November 15th. The shares were sold at an average price of $205.81, for a total transaction of $1,132,366.62. Following the completion of the transaction, the chief executive officer now owns 518,911 shares in the company, valued at $106,797,072.91. This trade represents a 1.05 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Daniel P. Huttenlocher sold 1,237 shares of the business’s stock in a transaction on Tuesday, November 19th. The shares were sold at an average price of $199.06, for a total transaction of $246,237.22. Following the sale, the director now directly owns 24,912 shares in the company, valued at $4,958,982.72. The trade was a 4.73 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 6,032,344 shares of company stock valued at $1,253,456,822 over the last 90 days. Insiders own 10.80% of the company’s stock.

Institutional Investors Weigh In On Amazon.com

Several hedge funds and other institutional investors have recently modified their holdings of AMZN. Wealth Advisors Northwest LLC purchased a new stake in shares of Amazon.com in the fourth quarter worth $9,675,000. TCV Trust & Wealth Management Inc. grew its stake in shares of Amazon.com by 0.4% during the fourth quarter. TCV Trust & Wealth Management Inc. now owns 88,433 shares of the e-commerce giant’s stock valued at $19,401,000 after buying an additional 346 shares during the last quarter. Sonata Capital Group Inc. increased its stake in Amazon.com by 1.7% in the 4th quarter. Sonata Capital Group Inc. now owns 43,526 shares of the e-commerce giant’s stock worth $9,549,000 after purchasing an additional 725 shares during the period. David Wealth Management LLC purchased a new position in shares of Amazon.com in the fourth quarter valued at about $644,000. Finally, Montz Harcus Wealth Management LLC raised its position in Amazon.com by 0.9% during the 4th quarter. Montz Harcus Wealth Management LLC now owns 22,168 shares of the e-commerce giant’s stock valued at $4,863,000 after purchasing an additional 187 shares during 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.