Amazon.com (NASDAQ:AMZN) Shares Down 1.7%

Amazon.com, Inc. (NASDAQ:AMZN) fell 1.7% on Wednesday . The company traded as low as $183.10 and last traded at $183.30. 9,418,415 shares changed hands during trading, a decline of 78% from the average session volume of 42,351,703 shares. The stock had previously closed at $186.41.

Analyst Upgrades and Downgrades

AMZN has been the subject of several research analyst reports. Mizuho lifted their target price on Amazon.com from $230.00 to $240.00 and gave the stock a “buy” rating in a research note on Wednesday, May 1st. UBS Group increased their target price on shares of Amazon.com from $215.00 to $217.00 and gave the stock a “buy” rating in a research report on Wednesday, May 1st. Piper Sandler boosted their price target on Amazon.com from $205.00 to $220.00 and gave the company an “overweight” rating in a research note on Wednesday, May 1st. Roth Mkm restated a “buy” rating and set a $210.00 price objective on shares of Amazon.com in a research note on Tuesday, July 9th. Finally, Barclays cut their target price on Amazon.com from $230.00 to $220.00 and set an “overweight” rating for the company in a research report on Tuesday, July 16th. One investment analyst has rated the stock with a hold rating, forty-two have issued a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Buy” and a consensus target price of $220.04.

Amazon.com Stock Performance

The firm has a market capitalization of $1.87 trillion, a PE ratio of 50.38, a P/E/G ratio of 1.29 and a beta of 1.15. The company has a debt-to-equity ratio of 0.27, a current ratio of 1.07 and a quick ratio of 0.87. The business has a 50-day simple moving average of $187.32 and a 200-day simple moving average of $178.38.

Amazon.com (NASDAQ:AMZN) last posted its quarterly earnings data on Tuesday, April 30th. The e-commerce giant reported $0.98 earnings per share for the quarter, beating analysts’ consensus estimates of $0.83 by $0.15. The business had revenue of $143.31 billion for the quarter, compared to analysts’ expectations of $142.65 billion. Amazon.com had a net margin of 6.38% and a return on equity of 19.86%. The business’s revenue was up 12.5% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.31 earnings per share. Equities research analysts expect that Amazon.com, Inc. will post 4.73 earnings per share for the current fiscal year.

Insider Transactions at Amazon.com

In other news, CEO Douglas J. Herrington sold 3,500 shares of the stock in a transaction on Monday, June 3rd. The stock was sold at an average price of $177.29, for a total transaction of $620,515.00. Following the transaction, the chief executive officer now owns 523,253 shares of the company’s stock, valued at approximately $92,767,524.37. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. In other news, CEO Douglas J. Herrington sold 3,500 shares of the business’s stock in a transaction dated Monday, June 3rd. The stock was sold at an average price of $177.29, for a total transaction of $620,515.00. Following the sale, the chief executive officer now owns 523,253 shares in the company, valued at $92,767,524.37. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Jeffrey P. Bezos sold 266,396 shares of Amazon.com stock in a transaction that occurred on Wednesday, July 10th. The stock was sold at an average price of $200.01, for a total transaction of $53,281,863.96. Following the completion of the sale, the insider now owns 928,433,873 shares of the company’s stock, valued at $185,696,058,938.73. The disclosure for this sale can be found here. Over the last three months, insiders have sold 6,112,990 shares of company stock valued at $1,222,250,048. 10.80% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Amazon.com

Hedge funds have recently made changes to their positions in the company. Single Point Partners LLC increased its stake in shares of Amazon.com by 34.9% in the fourth quarter. Single Point Partners LLC now owns 4,922 shares of the e-commerce giant’s stock worth $748,000 after acquiring an additional 1,273 shares during the period. Talbot Financial LLC grew its position in Amazon.com by 1.5% during the 4th quarter. Talbot Financial LLC now owns 266,841 shares of the e-commerce giant’s stock worth $40,544,000 after purchasing an additional 3,816 shares during the period. Avity Investment Management Inc. raised its stake in shares of Amazon.com by 1.8% during the 4th quarter. Avity Investment Management Inc. now owns 312,125 shares of the e-commerce giant’s stock valued at $47,424,000 after buying an additional 5,561 shares during the last quarter. 17 Capital Partners LLC acquired a new position in shares of Amazon.com in the 4th quarter valued at about $1,172,000. Finally, Affinity Wealth Management LLC boosted its stake in shares of Amazon.com by 11.8% in the fourth quarter. Affinity Wealth Management LLC now owns 47,308 shares of the e-commerce giant’s stock worth $7,188,000 after buying an additional 4,985 shares during the last quarter. 72.20% of the stock is owned by institutional investors and hedge funds.

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.