Amazon.com (NASDAQ:AMZN) Trading Down 1.6%

Amazon.com, Inc. (NASDAQ:AMZN)’s stock price was down 1.6% during trading on Monday . The company traded as low as $183.55 and last traded at $183.59. Approximately 6,828,761 shares traded hands during trading, a decline of 84% from the average daily volume of 42,065,668 shares. The stock had previously closed at $186.49.

Analyst Upgrades and Downgrades

A number of equities analysts have recently weighed in on AMZN shares. Roth Mkm upped their price objective on Amazon.com from $210.00 to $215.00 and gave the stock a “buy” rating in a research note on Friday, August 2nd. Maxim Group upped their price target on Amazon.com from $238.00 to $251.00 and gave the stock a “buy” rating in a research note on Friday, August 2nd. Needham & Company LLC reiterated a “buy” rating and set a $210.00 price objective on shares of Amazon.com in a research report on Thursday. Morgan Stanley dropped their target price on shares of Amazon.com from $240.00 to $210.00 and set an “overweight” rating for the company in a research report on Tuesday, August 6th. Finally, Wells Fargo & Company reduced their price target on shares of Amazon.com from $232.00 to $225.00 and set an “overweight” rating on the stock in a report on Monday, August 26th. One equities research analyst has rated the stock with a hold rating, forty have assigned a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Buy” and an average target price of $222.49.

Amazon.com Price Performance

The company has a debt-to-equity ratio of 0.23, a quick ratio of 0.88 and a current ratio of 1.10. The stock has a 50 day moving average of $179.51 and a 200-day moving average of $181.68. The company has a market cap of $1.92 trillion, a PE ratio of 51.43, a price-to-earnings-growth ratio of 1.39 and a beta of 1.14.

Amazon.com (NASDAQ:AMZN) last posted its earnings results on Thursday, August 1st. The e-commerce giant reported $1.23 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.05 by $0.18. Amazon.com had a net margin of 7.35% and a return on equity of 21.39%. The firm had revenue of $147.98 billion during the quarter, compared to analysts’ expectations of $148.63 billion. Equities analysts predict that Amazon.com, Inc. will post 4.86 earnings per share for the current year.

Insiders Place Their Bets

In related news, CEO Andrew R. Jassy sold 20,784 shares of Amazon.com stock in a transaction on Wednesday, August 21st. The shares were sold at an average price of $180.77, for a total value of $3,757,123.68. Following the transaction, the chief executive officer now directly owns 2,056,534 shares in the company, valued at approximately $371,759,651.18. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. In related news, CEO Andrew R. Jassy sold 20,784 shares of the company’s stock in a transaction on Wednesday, August 21st. The shares were sold at an average price of $180.77, for a total transaction of $3,757,123.68. Following the completion of the sale, the chief executive officer now directly owns 2,056,534 shares of the company’s stock, valued at approximately $371,759,651.18. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CFO Brian T. Olsavsky sold 14,600 shares of the stock in a transaction dated Wednesday, August 21st. The shares were sold at an average price of $180.00, for a total value of $2,628,000.00. Following the completion of the transaction, the chief financial officer now directly owns 49,000 shares of the company’s stock, valued at approximately $8,820,000. The disclosure for this sale can be found here. Insiders sold 6,104,317 shares of company stock worth $1,220,621,322 in the last 90 days. Corporate insiders own 10.80% of the company’s stock.

Institutional Trading of Amazon.com

A number of hedge funds have recently made changes to their positions in the stock. Cooksen Wealth LLC bought a new stake in shares of Amazon.com in the 4th quarter worth about $30,000. PayPay Securities Corp raised its holdings in shares of Amazon.com by 64.6% during the second quarter. PayPay Securities Corp now owns 163 shares of the e-commerce giant’s stock worth $32,000 after acquiring an additional 64 shares during the period. Clarity Asset Management Inc. bought a new stake in Amazon.com in the 4th quarter valued at approximately $46,000. Christopher J. Hasenberg Inc boosted its holdings in Amazon.com by 650.0% during the second quarter. Christopher J. Hasenberg Inc now owns 300 shares of the e-commerce giant’s stock worth $58,000 after purchasing an additional 260 shares during the last quarter. Finally, Steph & Co. acquired a new stake in shares of Amazon.com in the first quarter valued at about $65,000. 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.