Amazon.com (NASDAQ:AMZN) Shares Down 1.3% - What's Next?

Key Points

• Amazon.com shares fell by 1.3% to $228.47, with trading volume significantly lower at 8.17 million shares, compared to an average of 44.57 million.
• Analysts have positive outlooks, with price targets raised by various firms, leading to an average target of $262.87 and a majority rating of "Buy".
• Recent insider trading saw Jeff Bezos sell over 4.27 million shares valued at $960 million, but he still retains ownership of nearly 897 million shares.

Amazon.com, Inc. (NASDAQ:AMZN) dropped 1.3% on Tuesday . The stock traded as low as $227.68 and last traded at $228.47. Approximately 8,169,499 shares traded hands during trading, a decline of 82% from the average daily volume of 44,572,480 shares. The stock had previously closed at $231.49.

Analyst Ratings Changes

Several equities analysts recently issued reports on AMZN shares. Scotiabank boosted their price target on Amazon.com from $250.00 to $275.00 and gave the company a "sector outperform" rating in a research note on Tuesday, July 22nd. Evercore ISI reiterated an "outperform" rating and issued a $280.00 price objective on shares of Amazon.com in a research note on Wednesday, August 13th. Royal Bank Of Canada upped their price objective on Amazon.com from $230.00 to $240.00 and gave the company an "outperform" rating in a research note on Friday, August 1st. Raymond James Financial reiterated an "outperform" rating and issued a $195.00 price objective (down from $275.00) on shares of Amazon.com in a research note on Monday, April 21st. Finally, JPMorgan Chase & Co. upped their price objective on Amazon.com from $255.00 to $265.00 and gave the company an "overweight" rating in a research note on Friday, August 1st. Two investment analysts have rated the stock with a Strong Buy rating, forty-six have given a Buy rating and one has issued a Hold rating to the company's stock. Based on data from MarketBeat, the stock has an average rating of "Buy" and an average price target of $262.87.

Amazon.com Stock Down 1.4%

The firm has a fifty day moving average price of $221.70 and a 200 day moving average price of $208.21. The company has a quick ratio of 0.81, a current ratio of 1.02 and a debt-to-equity ratio of 0.15. The company has a market cap of $2.43 trillion, a P/E ratio of 34.78, a PEG ratio of 1.56 and a beta of 1.31.

Amazon.com (NASDAQ:AMZN - Get Free Report) last issued its quarterly earnings results on Thursday, July 31st. The e-commerce giant reported $1.68 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.31 by $0.37. Amazon.com had a return on equity of 23.84% and a net margin of 10.54%.The business had revenue of $167.70 billion for the quarter, compared to analyst estimates of $161.80 billion. During the same quarter in the prior year, the firm posted $1.26 earnings per share. The firm's revenue for the quarter was up 13.3% compared to the same quarter last year. Amazon.com has set its Q3 2025 guidance at EPS. Equities research analysts forecast that Amazon.com, Inc. will post 6.31 earnings per share for the current year.

Insiders Place Their Bets

In other Amazon.com news, insider Jeffrey P. Bezos sold 4,273,237 shares of the stock in a transaction dated Friday, July 11th. The stock was sold at an average price of $224.81, for a total value of $960,666,409.97. Following the transaction, the insider owned 897,722,088 shares of the company's stock, valued at approximately $201,816,902,603.28. This represents a 0.47% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Insiders sold a total of 25,096,253 shares of company stock valued at $5,673,745,409 over the last quarter. Corporate insiders own 10.80% of the company's stock.

Institutional Trading of Amazon.com

Several hedge funds have recently added to or reduced their stakes in the company. Anchor Investment Management LLC grew its position in Amazon.com by 5.7% during the 2nd quarter. Anchor Investment Management LLC now owns 73,854 shares of the e-commerce giant's stock worth $16,203,000 after acquiring an additional 3,978 shares during the last quarter. L1 Capital Pty Ltd bought a new stake in Amazon.com during the 2nd quarter worth $259,000. Hohimer Wealth Management LLC grew its position in Amazon.com by 0.7% during the 2nd quarter. Hohimer Wealth Management LLC now owns 46,739 shares of the e-commerce giant's stock worth $10,254,000 after acquiring an additional 345 shares during the last quarter. Campbell Capital Management Inc. grew its position in Amazon.com by 26.7% during the 2nd quarter. Campbell Capital Management Inc. now owns 36,740 shares of the e-commerce giant's stock worth $8,060,000 after acquiring an additional 7,740 shares during the last quarter. Finally, Old North State Trust LLC grew its position in Amazon.com by 12.3% during the 2nd quarter. Old North State Trust LLC now owns 7,915 shares of the e-commerce giant's stock worth $1,736,000 after acquiring an additional 865 shares during the last quarter. 72.20% of the stock is owned by institutional investors and hedge funds.

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.

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