Amazon.com (AMZN) Trading Down 1.2% on Analyst Downgrade

Shares of Amazon.com, Inc. (NASDAQ:AMZN) were down 1.2% on Tuesday after JMP Securities lowered their price target on the stock from $2,075.00 to $2,050.00. JMP Securities currently has an outperform rating on the stock. Amazon.com traded as low as $1,495.00 and last traded at $1,519.87. Approximately 8,112,610 shares were traded during mid-day trading, an increase of 10% from the average daily volume of 7,375,610 shares. The stock had previously closed at $1,538.88.

Several other equities research analysts also recently commented on the company. Royal Bank of Canada reaffirmed a “$1,842.92” rating on shares of Amazon.com in a report on Wednesday, July 18th. Canaccord Genuity reaffirmed a “buy” rating and set a $2,000.00 target price (up from $1,800.00) on shares of Amazon.com in a report on Thursday, July 12th. Morgan Stanley reaffirmed a “buy” rating on shares of Amazon.com in a report on Wednesday, July 11th. JPMorgan Chase & Co. reaffirmed a “buy” rating on shares of Amazon.com in a report on Monday, July 9th. Finally, Argus upped their target price on Amazon.com to $1,900.00 and gave the company a “buy” rating in a report on Tuesday, July 3rd. Four analysts have rated the stock with a hold rating and forty-six have given a buy rating to the company. Amazon.com presently has an average rating of “Buy” and an average price target of $2,091.53.

In other Amazon.com news, CEO Andrew R. Jassy sold 1,726 shares of the company’s stock in a transaction dated Wednesday, August 15th. The stock was sold at an average price of $1,900.00, for a total value of $3,279,400.00. Following the transaction, the chief executive officer now directly owns 88,801 shares of the company’s stock, valued at approximately $168,721,900. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, Director Tom A. Alberg sold 2,320 shares of the company’s stock in a transaction dated Monday, August 6th. The stock was sold at an average price of $1,827.29, for a total value of $4,239,312.80. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 20,308 shares of company stock worth $38,986,448. Insiders own 16.30% of the company’s stock.



A number of hedge funds have recently modified their holdings of AMZN. Guidant Wealth Advisors increased its holdings in shares of Amazon.com by 657.4% during the 2nd quarter. Guidant Wealth Advisors now owns 409 shares of the e-commerce giant’s stock valued at $100,000 after acquiring an additional 355 shares during the last quarter. Spirit of America Management Corp NY acquired a new position in shares of Amazon.com during the 3rd quarter valued at about $110,000. Lee Financial Co increased its holdings in shares of Amazon.com by 154.3% during the 1st quarter. Lee Financial Co now owns 89 shares of the e-commerce giant’s stock valued at $129,000 after acquiring an additional 54 shares during the last quarter. Point72 Asia Hong Kong Ltd acquired a new position in shares of Amazon.com during the 1st quarter valued at about $145,000. Finally, Taylor Hoffman Wealth Management increased its holdings in shares of Amazon.com by 192.3% during the 3rd quarter. Taylor Hoffman Wealth Management now owns 76 shares of the e-commerce giant’s stock valued at $152,000 after acquiring an additional 50 shares during the last quarter. 56.73% of the stock is currently owned by institutional investors.

The company has a debt-to-equity ratio of 0.63, a current ratio of 1.08 and a quick ratio of 0.80. The firm has a market cap of $801.27 billion, a P/E ratio of 336.36, a PEG ratio of 3.42 and a beta of 1.58.

Amazon.com (NASDAQ:AMZN) last issued its quarterly earnings data on Thursday, October 25th. The e-commerce giant reported $5.75 EPS for the quarter, beating the Zacks’ consensus estimate of $3.29 by $2.46. The business had revenue of $56.58 billion for the quarter, compared to analyst estimates of $57.05 billion. Amazon.com had a return on equity of 24.35% and a net margin of 4.03%. Equities research analysts anticipate that Amazon.com, Inc. will post 17.81 earnings per share for the current year.

Amazon.com Company Profile (NASDAQ:AMZN)

Amazon.com, Inc engages in the retail sale of consumer products and subscriptions in North America and internationally. The company operates through three segments: North America, International, and Amazon Web Services (AWS) segments. It sells merchandise and content purchased for resale from vendors, as well as those offered by third-party sellers through physical stores and retail Websites, such as amazon.com, amazon.ca, amazon.com.mx, amazon.com.au, amazon.com.br, amazon.cn, amazon.fr, amazon.de, amazon.in, amazon.it, amazon.co.jp, amazon.nl, amazon.es, and amazon.co.uk.

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