Amazon.com (NASDAQ:AMZN) Stock Price Down 1% – What’s Next?

Shares of Amazon.com, Inc. (NASDAQ:AMZN) fell 1% on Friday . The stock traded as low as $205.05 and last traded at $205.74. 28,061,638 shares changed hands during trading, a decline of 41% from the average session volume of 47,809,624 shares. The stock had previously closed at $207.86.

Analyst Ratings Changes

Several research firms have weighed in on AMZN. Itau BBA Securities lowered shares of Amazon.com from an “outperform” rating to a “market perform” rating and set a $186.00 target price for the company. in a research note on Friday, August 2nd. Loop Capital boosted their target price on shares of Amazon.com from $225.00 to $275.00 and gave the company a “buy” rating in a research note on Wednesday, November 6th. UBS Group boosted their target price on shares of Amazon.com from $220.00 to $223.00 and gave the company a “buy” rating in a research note on Monday, October 28th. Barclays boosted their price target on shares of Amazon.com from $220.00 to $235.00 and gave the company an “overweight” rating in a report on Friday, August 2nd. Finally, Cantor Fitzgerald reissued an “overweight” rating and set a $230.00 price target on shares of Amazon.com in a report on Monday, October 7th. Two equities research analysts have rated the stock with a hold rating, forty-one have issued a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, Amazon.com presently has an average rating of “Moderate Buy” and an average price target of $236.20.

Amazon.com Stock Down 1.0 %

The stock has a market cap of $2.16 trillion, a P/E ratio of 44.06, a PEG ratio of 1.38 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 business has a 50-day simple moving average of $194.46 and a 200-day simple moving average of $186.79.

Amazon.com (NASDAQ:AMZN) last announced 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. The firm had revenue of $158.88 billion during the quarter, compared to analysts’ expectations of $157.28 billion. Amazon.com had a return on equity of 22.41% and a net margin of 8.04%. The company’s revenue was up 11.0% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.85 earnings per share. Analysts expect that Amazon.com, Inc. will post 5.29 EPS for the current year.

Insider Activity

In other news, Director Daniel P. Huttenlocher sold 1,237 shares of the stock in a transaction that occurred on Tuesday, November 19th. The stock was sold at an average price of $199.06, for a total value of $246,237.22. Following the completion of the sale, the director now directly owns 24,912 shares of the company’s stock, valued at approximately $4,958,982.72. This represents a 4.73 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Jeffrey P. Bezos sold 2,996,362 shares of the stock in a transaction that occurred on Friday, November 8th. The shares were sold at an average price of $208.85, for a total value of $625,790,203.70. Following the completion of the sale, the insider now directly owns 917,416,976 shares of the company’s stock, valued at $191,602,535,437.60. This represents a 0.33 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 6,026,683 shares of company stock valued at $1,252,148,795. 10.80% of the stock is owned by company insiders.

Institutional Investors Weigh In On Amazon.com

Hedge funds have recently modified their holdings of the business. Franklin Resources Inc. raised its stake in shares of Amazon.com by 0.5% in the third quarter. Franklin Resources Inc. now owns 47,156,540 shares of the e-commerce giant’s stock valued at $8,843,714,000 after purchasing an additional 257,072 shares in the last quarter. Asset Advisors Investment Management LLC raised its stake in shares of Amazon.com by 1.3% in the third quarter. Asset Advisors Investment Management LLC now owns 116,869 shares of the e-commerce giant’s stock valued at $21,776,000 after purchasing an additional 1,499 shares in the last quarter. Tri Ri Asset Management Corp acquired a new position in shares of Amazon.com in the third quarter valued at $9,821,000. Optimist Retirement Group LLC acquired a new position in shares of Amazon.com in the third quarter valued at $8,942,000. Finally, Blankinship & Foster LLC raised its stake in shares of Amazon.com by 216.4% in the third quarter. Blankinship & Foster LLC now owns 6,930 shares of the e-commerce giant’s stock valued at $1,291,000 after purchasing an additional 4,740 shares in the last quarter. 72.20% of the stock is 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.