Amazon.com (NASDAQ:AMZN) Stock Price Down 1.2% – Time to Sell?

Shares of Amazon.com, Inc. (NASDAQ:AMZN) were down 1.2% during trading on Monday . The stock traded as low as $226.27 and last traded at $226.89. Approximately 34,675,182 shares changed hands during trading, a decline of 23% from the average daily volume of 45,128,008 shares. The stock had previously closed at $229.53.

Wall Street Analyst Weigh In

A number of equities analysts have recently commented on the company. Telsey Advisory Group lifted their price objective on Amazon.com from $265.00 to $300.00 and gave the stock an “outperform” rating in a research note on Friday, October 31st. TD Cowen raised their target price on Amazon.com from $255.00 to $300.00 and gave the company a “buy” rating in a report on Friday, October 31st. CIBC upped their price target on Amazon.com to $315.00 in a report on Monday, October 20th. Wells Fargo & Company reissued an “overweight” rating and issued a $295.00 price objective (up from $292.00) on shares of Amazon.com in a research report on Tuesday, December 2nd. Finally, Guggenheim initiated coverage on shares of Amazon.com in a research report on Tuesday. They set a “buy” rating and a $300.00 target price on the stock. One research analyst has rated the stock with a Strong Buy rating, fifty-seven have given a Buy rating and three have issued a Hold rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $295.43.

Amazon.com Price Performance

The stock has a market cap of $2.48 trillion, a price-to-earnings ratio of 32.74, a P/E/G ratio of 1.57 and a beta of 1.37. The company has a debt-to-equity ratio of 0.14, a current ratio of 1.01 and a quick ratio of 0.80. The stock’s 50 day simple moving average is $229.06 and its two-hundred day simple moving average is $224.52.

Amazon.com (NASDAQ:AMZN) last announced its quarterly earnings data on Thursday, October 30th. The e-commerce giant reported $1.95 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.57 by $0.38. Amazon.com had a net margin of 11.06% and a return on equity of 23.62%. The company had revenue of $180.17 billion during the quarter, compared to analysts’ expectations of $177.53 billion. During the same quarter in the prior year, the company posted $1.43 EPS. The business’s revenue was up 13.4% on a year-over-year basis. On average, analysts forecast that Amazon.com, Inc. will post 6.31 earnings per share for the current fiscal year.

Insider Activity

In other Amazon.com news, Director Daniel P. Huttenlocher sold 1,237 shares of Amazon.com stock in a transaction that occurred on Thursday, November 20th. The stock was sold at an average price of $226.61, for a total transaction of $280,316.57. Following the sale, the director directly owned 26,148 shares of the company’s stock, valued at approximately $5,925,398.28. The trade was a 4.52% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Jonathan Rubinstein sold 8,173 shares of the company’s stock in a transaction that occurred on Friday, October 31st. The shares were sold at an average price of $250.03, for a total value of $2,043,495.19. Following the completion of the sale, the director owned 80,030 shares in the company, valued at approximately $20,009,900.90. This represents a 9.27% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last quarter, insiders have sold 82,234 shares of company stock valued at $19,076,767. 9.70% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the stock. Fairway Wealth LLC grew its stake in Amazon.com by 113.2% during the third quarter. Fairway Wealth LLC now owns 113 shares of the e-commerce giant’s stock worth $25,000 after buying an additional 60 shares during the last quarter. Carderock Capital Management Inc. acquired a new position in shares of Amazon.com in the 2nd quarter worth approximately $27,000. Sellwood Investment Partners LLC bought a new stake in Amazon.com during the 3rd quarter worth approximately $27,000. Maryland Capital Advisors Inc. grew its position in Amazon.com by 81.9% during the 2nd quarter. Maryland Capital Advisors Inc. now owns 211 shares of the e-commerce giant’s stock worth $46,000 after acquiring an additional 95 shares during the last quarter. Finally, Ryan Investment Management Inc. acquired a new stake in Amazon.com during the 2nd quarter valued at $48,000. 72.20% of the stock is currently owned by institutional investors and hedge funds.

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.