Amazon.com (NASDAQ:AMZN) Trading Down 0% – Here’s What Happened

Amazon.com, Inc. (NASDAQ:AMZN)’s share price was down 0% during mid-day trading on Thursday . The company traded as low as $222.53 and last traded at $223.25. Approximately 5,965,238 shares changed hands during mid-day trading, a decline of 78% from the average daily volume of 27,201,441 shares. The stock had previously closed at $223.35.

Analysts Set New Price Targets

A number of analysts have recently commented on the stock. Needham & Company LLC reissued a “buy” rating and issued a $250.00 price objective on shares of Amazon.com in a research report on Tuesday, December 10th. Evercore ISI 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 Friday, November 1st. JPMorgan Chase & Co. lifted their price objective on shares of Amazon.com from $250.00 to $280.00 and gave the stock an “overweight” rating in a research note on Wednesday, December 18th. Susquehanna lifted their price target on shares of Amazon.com from $220.00 to $230.00 and gave the company a “positive” rating in a research report on Friday, November 1st. Finally, HSBC upped their target price on Amazon.com from $225.00 to $270.00 and gave the company a “buy” rating in a research report on Monday. Two analysts have rated the stock with a hold rating, forty-two have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat, Amazon.com has an average rating of “Moderate Buy” and a consensus price target of $245.65.

Amazon.com Stock Down 1.1 %

The stock has a 50 day simple moving average of $217.02 and a 200 day simple moving average of $195.74. The company has a quick ratio of 0.87, a current ratio of 1.09 and a debt-to-equity ratio of 0.21. The stock has a market cap of $2.32 trillion, a price-to-earnings ratio of 47.36, a PEG ratio of 1.22 and a beta of 1.14.

Amazon.com (NASDAQ:AMZN) last issued its quarterly earnings results on Thursday, October 31st. The e-commerce giant reported $1.43 earnings per share for the quarter, topping analysts’ consensus estimates of $1.14 by $0.29. Amazon.com had a net margin of 8.04% and a return on equity of 22.41%. The company had revenue of $158.88 billion for the quarter, compared to the consensus estimate of $157.28 billion. During the same period in the previous year, the firm earned $0.85 EPS. The firm’s quarterly revenue was up 11.0% on a year-over-year basis. As a group, analysts expect that Amazon.com, Inc. will post 5.38 earnings per share for the current fiscal year.

Insiders Place Their Bets

In related news, Director Daniel P. Huttenlocher sold 1,237 shares of the business’s stock in a transaction that occurred on Tuesday, November 19th. The shares were sold at an average price of $199.06, for a total transaction of $246,237.22. Following the completion of the transaction, the director now owns 24,912 shares of the company’s stock, valued at approximately $4,958,982.72. The trade was a 4.73 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Jeffrey P. Bezos sold 2,996,362 shares of the stock in a transaction that occurred on Friday, November 8th. The stock was sold at an average price of $208.85, for a total transaction of $625,790,203.70. Following the completion of the sale, the insider now owns 917,416,976 shares in the company, valued at $191,602,535,437.60. This represents a 0.33 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 6,032,344 shares of company stock worth $1,253,456,822 over the last quarter. 10.80% of the stock is currently owned by company insiders.

Institutional Trading of Amazon.com

Institutional investors and hedge funds have recently modified their holdings of the business. LaFleur & Godfrey LLC increased its position in shares of Amazon.com by 1.8% in the fourth quarter. LaFleur & Godfrey LLC now owns 49,407 shares of the e-commerce giant’s stock worth $10,839,000 after purchasing an additional 860 shares during the last quarter. Overbrook Management Corp increased its holdings in shares of Amazon.com by 0.5% in the 4th quarter. Overbrook Management Corp now owns 138,756 shares of the e-commerce giant’s stock worth $30,442,000 after buying an additional 631 shares during the last quarter. Cove Private Wealth LLC raised its position in shares of Amazon.com by 31.3% during the 4th quarter. Cove Private Wealth LLC now owns 35,757 shares of the e-commerce giant’s stock valued at $7,845,000 after buying an additional 8,515 shares in the last quarter. Zhang Financial LLC grew its position in Amazon.com by 7.7% in the fourth quarter. Zhang Financial LLC now owns 55,020 shares of the e-commerce giant’s stock worth $12,071,000 after acquiring an additional 3,929 shares in the last quarter. Finally, MassMutual Private Wealth & Trust FSB increased its stake in Amazon.com by 0.8% in the fourth quarter. MassMutual Private Wealth & Trust FSB now owns 473,274 shares of the e-commerce giant’s stock valued at $103,832,000 after acquiring an additional 3,975 shares during the last quarter. Hedge funds and other institutional investors own 72.20% of the company’s stock.

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.