Amazon.com (NASDAQ:AMZN) Trading Down 0.1% – Time to Sell?

Amazon.com, Inc. (NASDAQ:AMZN) shares traded down 0.1% on Wednesday . The stock traded as low as $229.23 and last traded at $230.87. 6,568,168 shares were traded during mid-day trading, a decline of 84% from the average session volume of 41,080,926 shares. The stock had previously closed at $231.15.

Analysts Set New Price Targets

A number of brokerages have commented on AMZN. TD Cowen lifted their price objective on shares of Amazon.com from $240.00 to $265.00 and gave the stock a “buy” rating in a research note on Thursday, December 12th. Evercore ISI upped their price objective on Amazon.com from $240.00 to $260.00 and gave the company an “outperform” rating in a research report on Friday, November 1st. Telsey Advisory Group lifted their price target on shares of Amazon.com from $215.00 to $235.00 and gave the company an “outperform” rating in a research note on Friday, November 1st. Maxim Group lifted their price objective on Amazon.com from $251.00 to $260.00 and gave the company a “buy” rating in a report on Friday, November 1st. Finally, BMO Capital Markets reaffirmed an “outperform” rating and set a $236.00 target price on shares of Amazon.com in a research report on Tuesday, December 3rd. Two investment analysts have rated the stock with a hold rating, forty-one have given a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $242.00.

Amazon.com Trading Down 0.7 %

The business’s 50-day moving average is $203.67 and its two-hundred day moving average is $190.54. The company has a current ratio of 1.09, a quick ratio of 0.87 and a debt-to-equity ratio of 0.21. The firm has a market cap of $2.41 trillion, a P/E ratio of 49.15, a P/E/G ratio of 1.54 and a beta of 1.16.

Amazon.com (NASDAQ:AMZN) last released its quarterly earnings results on Thursday, October 31st. The e-commerce giant reported $1.43 earnings per share for the quarter, beating 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 business had revenue of $158.88 billion for the quarter, compared to the consensus estimate of $157.28 billion. During the same quarter last year, the firm earned $0.85 EPS. Amazon.com’s revenue for the quarter was up 11.0% on a year-over-year basis. As a group, analysts expect that Amazon.com, Inc. will post 5.29 earnings per share for the current fiscal year.

Insider Activity at Amazon.com

In related news, Director Jonathan Rubinstein sold 4,351 shares of the stock in a transaction that occurred on Monday, December 9th. The stock was sold at an average price of $229.85, for a total transaction of $1,000,077.35. Following the completion of the transaction, the director now directly owns 88,203 shares of the company’s stock, valued at approximately $20,273,459.55. This represents a 4.70 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, SVP David Zapolsky sold 2,190 shares of the business’s stock in a transaction on Tuesday, September 24th. The stock was sold at an average price of $195.00, for a total transaction of $427,050.00. Following the transaction, the senior vice president now owns 62,420 shares in the company, valued at approximately $12,171,900. The trade was a 3.39 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 6,034,534 shares of company stock worth $1,253,883,872. 10.80% of the stock is owned by corporate insiders.

Institutional Trading of Amazon.com

Several institutional investors have recently added to or reduced their stakes in AMZN. IMS Capital Management boosted its position in shares of Amazon.com by 2.3% in the third quarter. IMS Capital Management now owns 48,008 shares of the e-commerce giant’s stock valued at $8,945,000 after acquiring an additional 1,078 shares during the period. Syntax Research Inc. raised its position in shares of Amazon.com by 10.8% in the third quarter. Syntax Research Inc. now owns 4,300 shares of the e-commerce giant’s stock valued at $801,000 after buying an additional 420 shares in the last quarter. SMART Wealth LLC raised its stake in Amazon.com by 41.1% in the third quarter. SMART Wealth LLC now owns 7,317 shares of the e-commerce giant’s stock valued at $1,363,000 after purchasing an additional 2,132 shares in the last quarter. Legacy Wealth Management LLC MS boosted its stake in Amazon.com by 75.7% in the third quarter. Legacy Wealth Management LLC MS now owns 12,922 shares of the e-commerce giant’s stock valued at $2,408,000 after buying an additional 5,567 shares in the last quarter. Finally, Alternative Investment Advisors LLC. raised its position in shares of Amazon.com by 2.2% during the third quarter. Alternative Investment Advisors LLC. now owns 10,164 shares of the e-commerce giant’s stock worth $1,894,000 after acquiring an additional 215 shares during the last quarter. 72.20% of the stock is currently owned by institutional investors.

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.