Amazon.com, Inc. (NASDAQ:AMZN) shares fell 3.2% during mid-day trading on Wednesday after Barclays lowered their price target on the stock from $230.00 to $220.00. Barclays currently has an overweight rating on the stock. Amazon.com traded as low as $185.99 and last traded at $186.89. 16,170,706 shares traded hands during mid-day trading, a decline of 62% from the average session volume of 42,242,969 shares. The stock had previously closed at $193.02.
A number of other research analysts have also commented on AMZN. Wolfe Research began coverage on Amazon.com in a research report on Tuesday. They set an “outperform” rating and a $250.00 price target for the company. JMP Securities reaffirmed a “market outperform” rating and set a $225.00 price target on shares of Amazon.com in a research report on Wednesday, May 1st. Moffett Nathanson reaffirmed a “buy” rating and set a $228.00 price target on shares of Amazon.com in a research report on Thursday, April 11th. Maxim Group lowered their price target on Amazon.com from $318.00 to $238.00 and set a “buy” rating for the company in a research report on Wednesday, May 1st. Finally, Stifel Nicolaus increased their target price on Amazon.com from $224.00 to $228.00 and gave the stock a “buy” rating in a research report on Wednesday, May 1st. One analyst has rated the stock with a hold rating, forty-two have issued a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, Amazon.com presently has an average rating of “Buy” and an average target price of $218.82.
Insider Buying and Selling at Amazon.com
In other Amazon.com news, VP Shelley Reynolds sold 2,700 shares of the firm’s stock in a transaction dated Tuesday, May 21st. The stock was sold at an average price of $181.39, for a total transaction of $489,753.00. Following the sale, the vice president now directly owns 119,780 shares of the company’s stock, valued at $21,726,894.20. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. In other news, insider Jeffrey P. Bezos sold 1,228,993 shares of the firm’s stock in a transaction dated Monday, July 8th. The stock was sold at an average price of $200.36, for a total transaction of $246,241,037.48. Following the completion of the transaction, the insider now owns 930,696,284 shares in the company, valued at $186,474,307,462.24. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, VP Shelley Reynolds sold 2,700 shares of the firm’s stock in a transaction dated Tuesday, May 21st. The shares were sold at an average price of $181.39, for a total value of $489,753.00. Following the transaction, the vice president now owns 119,780 shares of the company’s stock, valued at approximately $21,726,894.20. The disclosure for this sale can be found here. Insiders have sold a total of 6,113,490 shares of company stock valued at $1,222,340,738 over the last ninety days. 10.80% of the stock is currently owned by company insiders.
Institutional Inflows and Outflows
A number of institutional investors have recently made changes to their positions in the company. Garrison Point Advisors LLC grew its position in shares of Amazon.com by 0.3% during the first quarter. Garrison Point Advisors LLC now owns 20,375 shares of the e-commerce giant’s stock valued at $3,675,000 after purchasing an additional 55 shares in the last quarter. Ridgecrest Wealth Partners LLC increased its stake in Amazon.com by 0.7% during the first quarter. Ridgecrest Wealth Partners LLC now owns 7,755 shares of the e-commerce giant’s stock worth $1,399,000 after acquiring an additional 56 shares during the last quarter. Stordahl Capital Management Inc. increased its stake in Amazon.com by 2.1% during the first quarter. Stordahl Capital Management Inc. now owns 2,763 shares of the e-commerce giant’s stock worth $498,000 after acquiring an additional 56 shares during the last quarter. Lutz Financial Services LLC increased its stake in Amazon.com by 1.9% during the first quarter. Lutz Financial Services LLC now owns 3,053 shares of the e-commerce giant’s stock worth $551,000 after acquiring an additional 57 shares during the last quarter. Finally, O Dell Group LLC increased its stake in Amazon.com by 0.4% during the first quarter. O Dell Group LLC now owns 13,638 shares of the e-commerce giant’s stock worth $2,460,000 after acquiring an additional 57 shares during the last quarter. Hedge funds and other institutional investors own 72.20% of the company’s stock.
Amazon.com Stock Down 2.6 %
The company has a 50 day simple moving average of $187.79 and a two-hundred day simple moving average of $177.13. The company has a quick ratio of 0.87, a current ratio of 1.07 and a debt-to-equity ratio of 0.27. The company has a market capitalization of $1.96 trillion, a P/E ratio of 52.64, a PEG ratio of 1.38 and a beta of 1.15.
Amazon.com (NASDAQ:AMZN – Get Free Report) last issued its quarterly earnings data on Tuesday, April 30th. The e-commerce giant reported $0.98 earnings per share for the quarter, topping the consensus estimate of $0.83 by $0.15. The company had revenue of $143.31 billion for the quarter, compared to analysts’ expectations of $142.65 billion. Amazon.com had a return on equity of 19.86% and a net margin of 6.38%. The firm’s revenue for the quarter was up 12.5% on a year-over-year basis. During the same period in the previous year, the firm posted $0.31 earnings per share. As a group, equities analysts predict that Amazon.com, Inc. will post 4.72 EPS for the current year.
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.