Amazon.com (NASDAQ:AMZN) Stock Price Down 1.7% – What’s Next?

Amazon.com, Inc. (NASDAQ:AMZN)’s share price dropped 1.7% during trading on Thursday . The stock traded as low as $193.85 and last traded at $195.41. Approximately 12,152,029 shares traded hands during mid-day trading, a decline of 69% from the average daily volume of 38,745,496 shares. The stock had previously closed at $198.89.

Wall Street Analyst Weigh In

Several analysts recently weighed in on the company. Stifel Nicolaus lifted their price target on Amazon.com from $245.00 to $275.00 and gave the stock a “buy” rating in a report on Friday, February 7th. Mizuho upped their price target on shares of Amazon.com from $240.00 to $260.00 and gave the company an “outperform” rating in a research note on Tuesday, December 10th. Jefferies Financial Group lifted their price objective on shares of Amazon.com from $235.00 to $275.00 and gave the stock a “buy” rating in a research note on Monday, December 16th. Loop Capital increased their target price on shares of Amazon.com from $275.00 to $285.00 and gave the stock a “buy” rating in a research report on Wednesday, February 12th. Finally, Citigroup reiterated a “buy” rating on shares of Amazon.com in a research report on Thursday, February 13th. Two equities research analysts have rated the stock with a hold rating, forty-two have given a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, Amazon.com has an average rating of “Moderate Buy” and a consensus target price of $260.65.

Amazon.com Stock Performance

The company has a debt-to-equity ratio of 0.18, a current ratio of 1.06 and a quick ratio of 0.87. The company’s 50-day moving average price is $222.71 and its two-hundred day moving average price is $207.20. The company has a market capitalization of $2.04 trillion, a price-to-earnings ratio of 34.75, a PEG ratio of 1.50 and a beta of 1.19.

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

Insider Activity

In related news, CEO Douglas J. Herrington sold 5,501 shares of the company’s stock in a transaction that occurred on 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 transaction, the chief executive officer now directly owns 505,318 shares of the company’s stock, valued at approximately $115,434,843.92. This represents a 1.08 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, SVP David Zapolsky sold 5,848 shares of the firm’s stock in a transaction that occurred on Friday, February 21st. The shares were sold at an average price of $220.72, for a total value of $1,290,770.56. Following the completion of the sale, the senior vice president now directly owns 69,162 shares of the company’s stock, valued at $15,265,436.64. This trade represents a 7.80 % decrease in their position. The disclosure for this sale can be found here. Over 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 Inflows and Outflows

A number of large investors have recently made changes to their positions in the business. Castlekeep Investment Advisors LLC acquired a new position in Amazon.com during the 4th quarter valued at about $25,000. Accordant Advisory Group Inc boosted its position in shares of 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 last quarter. Prudent Man Investment Management Inc. bought a new stake in Amazon.com during the fourth quarter worth $27,000. Icon Wealth Advisors LLC raised its position in Amazon.com by 20.5% in the 3rd 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 bought a new position in Amazon.com during the 4th quarter valued at $35,000. 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.