Amazon.com (NASDAQ:AMZN) Stock Price Down 1.2% – What’s Next?

Amazon.com, Inc. (NASDAQ:AMZN) was down 1.2% on Wednesday . The stock traded as low as $201.68 and last traded at $203.30. Approximately 9,832,240 shares traded hands during mid-day trading, a decline of 74% from the average daily volume of 38,323,085 shares. The stock had previously closed at $205.71.

Wall Street Analyst Weigh In

A number of analysts recently issued reports on the company. BMO Capital Markets reissued an “outperform” rating and set a $236.00 price objective on shares of Amazon.com in a report on Tuesday, December 3rd. UBS Group upped their target price on Amazon.com from $230.00 to $264.00 and gave the stock a “buy” rating in a research note on Monday, December 16th. Scotiabank raised their price objective on shares of Amazon.com from $246.00 to $306.00 and gave the company a “sector outperform” rating in a research report on Friday, January 24th. Rosenblatt Securities upped their target price on shares of Amazon.com from $236.00 to $287.00 and gave the stock a “buy” rating in a research report on Friday, February 7th. Finally, JPMorgan Chase & Co. increased their target price on Amazon.com from $250.00 to $280.00 and gave the company an “overweight” rating in a research note on Wednesday, December 18th. Two 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 stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $260.65.

Amazon.com Trading Down 1.7 %

The firm has a market capitalization of $2.10 trillion, a P/E ratio of 35.94, a PEG ratio of 1.50 and a beta of 1.19. The company has a quick ratio of 0.87, a current ratio of 1.06 and a debt-to-equity ratio of 0.18. The stock has a fifty day simple moving average of $217.53 and a 200 day simple moving average of $208.75.

Amazon.com (NASDAQ:AMZN) last posted its quarterly earnings results on Thursday, February 6th. The e-commerce giant reported $1.86 earnings per share for the quarter, topping the consensus estimate of $1.52 by $0.34. Amazon.com had a return on equity of 24.25% and a net margin of 9.29%. As a group, research analysts forecast that Amazon.com, Inc. will post 6.31 EPS for the current year.

Insider Activity at Amazon.com

In related news, VP Shelley Reynolds sold 8,833 shares of the company’s stock in a transaction dated Friday, February 21st. The shares were sold at an average price of $222.47, for a total transaction of $1,965,077.51. Following the transaction, the vice president now directly owns 119,780 shares in the company, valued at approximately $26,647,456.60. This represents a 6.87 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CEO Douglas J. Herrington sold 5,501 shares of the firm’s stock in a transaction dated Tuesday, February 18th. The stock was sold at an average price of $228.44, for a total transaction of $1,256,648.44. Following the completion of the sale, the chief executive officer now directly owns 505,318 shares of the company’s stock, valued at approximately $115,434,843.92. The trade was a 1.08 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 102,298 shares of company stock worth $22,871,828. Company insiders own 10.80% of the company’s stock.

Institutional Trading of Amazon.com

Large investors have recently made changes to their positions in the stock. Castlekeep Investment Advisors LLC purchased a new position in shares of Amazon.com during the fourth quarter worth approximately $25,000. Accordant Advisory Group Inc increased its holdings in Amazon.com by 400.0% during the fourth quarter. Accordant Advisory Group Inc now owns 125 shares of the e-commerce giant’s stock valued at $27,000 after buying an additional 100 shares during the period. Prudent Man Investment Management Inc. bought a new position in shares of Amazon.com in the 4th quarter worth $27,000. Icon Wealth Advisors LLC lifted its position in shares of Amazon.com by 20.5% during the third quarter. Icon Wealth Advisors LLC now owns 150,661 shares of the e-commerce giant’s stock valued at $28,000 after buying an additional 25,581 shares during the last quarter. Finally, LSV Asset Management acquired a new stake in Amazon.com in the fourth quarter valued at approximately $35,000. 72.20% of the stock is owned by hedge funds and other 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.