Amazon.com (NASDAQ:AMZN) Shares Down 1.1% - Should You Sell?

Amazon.com, Inc. (NASDAQ:AMZN) shares fell 1.1% on Friday . The stock traded as low as $210.08 and last traded at $210.27. 20,542,509 shares changed hands during mid-day trading, a decline of 51% from the average session volume of 42,079,965 shares. The stock had previously closed at $212.52.

Wall Street Analysts Forecast Growth

Several research analysts have recently weighed in on AMZN shares. Wells Fargo & Company dropped their price target on shares of Amazon.com from $207.00 to $203.00 and set an "equal weight" rating on the stock in a research note on Tuesday, February 25th. Wall Street Zen cut Amazon.com from a "buy" rating to a "hold" rating in a report on Monday, May 5th. BNP Paribas raised Amazon.com to a "hold" rating in a report on Wednesday, April 30th. Stifel Nicolaus reduced their price target on Amazon.com from $248.00 to $245.00 and set a "buy" rating for the company in a research report on Friday, May 2nd. Finally, Raymond James Financial reaffirmed an "outperform" rating and set a $195.00 price objective (down from $275.00) on shares of Amazon.com in a research report on Monday, April 21st. Four research analysts have rated the stock with a hold rating and forty-four have given a buy rating to the company. According to data from MarketBeat.com, Amazon.com currently has a consensus rating of "Moderate Buy" and a consensus target price of $245.53.

Amazon.com Stock Performance

The company has a debt-to-equity ratio of 0.17, a current ratio of 1.05 and a quick ratio of 0.84. The stock has a market capitalization of $2.23 trillion, a PE ratio of 34.18, a P/E/G ratio of 1.61 and a beta of 1.33. The firm has a fifty day moving average price of $197.91 and a two-hundred day moving average price of $209.34.

Amazon.com (NASDAQ:AMZN - Get Free Report) last announced its quarterly earnings data on Thursday, May 1st. The e-commerce giant reported $1.59 EPS for the quarter, beating the consensus estimate of $1.38 by $0.21. The company had revenue of $155.67 billion for the quarter, compared to the consensus estimate of $154.96 billion. Amazon.com had a return on equity of 24.14% and a net margin of 10.14%. Amazon.com's quarterly revenue was up 8.6% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.98 EPS. Research analysts expect that Amazon.com, Inc. will post 6.31 EPS for the current year.

Insiders Place Their Bets

In other news, Director Keith Brian Alexander sold 1,000 shares of the business's stock in a transaction dated Monday, May 12th. The shares were sold at an average price of $210.68, for a total value of $210,680.00. Following the completion of the sale, the director now owns 5,465 shares in the company, valued at approximately $1,151,366.20. The trade was a 15.47% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CEO Douglas J. Herrington sold 2,500 shares of the company's stock in a transaction that occurred on Tuesday, April 1st. The stock was sold at an average price of $187.99, for a total transaction of $469,975.00. Following the completion of the sale, the chief executive officer now directly owns 509,474 shares of the company's stock, valued at $95,776,017.26. The trade was a 0.49% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 102,037 shares of company stock worth $20,531,075 in the last three months. Corporate insiders own 9.70% of the company's stock.

Hedge Funds Weigh In On Amazon.com

Large investors have recently bought and sold shares of the business. Prudent Man Investment Management Inc. purchased a new stake in shares of Amazon.com during the fourth quarter valued at about $27,000. LSV Asset Management bought a new position in shares of Amazon.com during the 4th quarter worth approximately $35,000. Perritt Capital Management Inc lifted its position in Amazon.com by 72.7% during the fourth quarter. Perritt Capital Management Inc now owns 190 shares of the e-commerce giant's stock valued at $42,000 after acquiring an additional 80 shares during the last quarter. Cooksen Wealth LLC acquired a new stake in Amazon.com in the first quarter valued at approximately $36,000. Finally, Inlight Wealth Management LLC acquired a new stake in Amazon.com in the first quarter valued at approximately $40,000. 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.

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