Amazon.com (NASDAQ:AMZN) Trading Down 1.4% – Time to Sell?

Amazon.com, Inc. (NASDAQ:AMZN) shares dropped 1.4% during trading on Monday . The stock traded as low as $212.72 and last traded at $213.56. Approximately 12,373,851 shares traded hands during trading, a decline of 64% from the average daily volume of 34,675,984 shares. The stock had previously closed at $216.58.

Wall Street Analysts Forecast Growth

Several brokerages have recently issued reports on AMZN. Barclays lifted their price target on Amazon.com from $235.00 to $265.00 and gave the company an “overweight” rating in a research note on Friday, February 7th. Monness Crespi & Hardt boosted their target price on shares of Amazon.com from $225.00 to $245.00 and gave the stock a “buy” rating in a research note on Friday, November 1st. Citigroup reissued a “buy” rating on shares of Amazon.com in a report on Thursday, February 13th. Stifel Nicolaus upped their target price on Amazon.com from $245.00 to $275.00 and gave the stock a “buy” rating in a report on Friday, February 7th. Finally, DA Davidson increased their price objective on shares of Amazon.com from $235.00 to $280.00 and gave the stock a “buy” rating in a research report on Friday, February 7th. Two analysts have rated the stock with a hold rating, forty-two have assigned a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $260.74.

Amazon.com Price Performance

The stock has a market capitalization of $2.27 trillion, a P/E ratio of 38.70, a price-to-earnings-growth ratio of 1.54 and a beta of 1.15. The firm has a 50-day moving average price of $227.88 and a 200 day moving average price of $204.55. The company has a debt-to-equity ratio of 0.18, a quick ratio of 0.87 and a current ratio of 1.06.

Amazon.com (NASDAQ:AMZN) last issued its earnings results on Thursday, February 6th. The e-commerce giant reported $1.86 EPS for the quarter, topping analysts’ consensus estimates of $1.52 by $0.34. Amazon.com had a net margin of 9.29% and a return on equity of 24.25%. On average, analysts expect that Amazon.com, Inc. will post 6.31 EPS for the current year.

Insiders Place Their Bets

In related news, CEO Douglas J. Herrington sold 3,500 shares of the company’s stock in a transaction that occurred on Monday, December 2nd. The stock was sold at an average price of $210.00, for a total transaction of $735,000.00. Following the completion of the transaction, the chief executive officer now owns 524,567 shares in the company, valued at $110,159,070. This represents a 0.66 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Jonathan Rubinstein sold 4,351 shares of the company’s stock in a transaction on Monday, December 9th. The stock was sold at an average price of $229.85, for a total transaction of $1,000,077.35. Following the completion of the transaction, the director now owns 88,203 shares of the company’s stock, valued at $20,273,459.55. This trade represents a 4.70 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 40,852 shares of company stock valued at $9,324,151 in the last ninety days. Company insiders own 10.80% of the company’s stock.

Institutional Trading of Amazon.com

A number of institutional investors and hedge funds have recently bought and sold shares of the company. Rench Wealth Management Inc. boosted its stake in Amazon.com by 7.9% during the 3rd quarter. Rench Wealth Management Inc. now owns 50,403 shares of the e-commerce giant’s stock valued at $9,392,000 after purchasing an additional 3,703 shares during the last quarter. Foundations Investment Advisors LLC boosted its position in Amazon.com by 9.7% in the third quarter. Foundations Investment Advisors LLC now owns 184,594 shares of the e-commerce giant’s stock worth $34,395,000 after purchasing an additional 16,392 shares during the last quarter. Blankinship & Foster LLC grew its position in Amazon.com by 216.4% during the third quarter. Blankinship & Foster LLC now owns 6,930 shares of the e-commerce giant’s stock valued at $1,291,000 after buying an additional 4,740 shares during the period. Umpqua Bank increased its stake in shares of Amazon.com by 0.4% in the 3rd quarter. Umpqua Bank now owns 35,120 shares of the e-commerce giant’s stock worth $6,544,000 after purchasing an additional 137 shares in the last quarter. Finally, One Wealth Capital Management LLC purchased a new stake in Amazon.com in the fourth quarter worth about $4,270,000. 72.20% of the stock is currently owned by 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.