Amazon.com (NASDAQ:AMZN) Stock Price Down 2.2% - Here's Why

Shares of Amazon.com, Inc. (NASDAQ:AMZN) traded down 2.2% during trading on Thursday . The stock traded as low as $202.16 and last traded at $203.78. 10,521,971 shares traded hands during trading, a decline of 72% from the average session volume of 36,940,891 shares. The stock had previously closed at $208.36.

Analyst Ratings Changes

Several analysts recently commented on the stock. Mizuho lifted their target price on shares of Amazon.com from $240.00 to $260.00 and gave the stock an "outperform" rating in a report on Tuesday, December 10th. Rosenblatt Securities boosted their price objective on shares of Amazon.com from $236.00 to $287.00 and gave the company a "buy" rating in a report on Friday, February 7th. Roth Mkm boosted their price objective on shares of Amazon.com from $220.00 to $250.00 and gave the company a "buy" rating in a report on Monday, December 9th. Moffett Nathanson boosted their price objective on shares of Amazon.com from $235.00 to $248.00 and gave the company a "buy" rating in a report on Tuesday, November 26th. Finally, TD Cowen boosted their price objective on shares of Amazon.com from $240.00 to $265.00 and gave the company a "buy" rating in a report on Thursday, December 12th. Two investment analysts have rated the stock with a hold rating, forty-two have issued a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and an average target price of $260.65.

Amazon.com Stock Performance

The company has a current ratio of 1.06, a quick ratio of 0.87 and a debt-to-equity ratio of 0.18. The company's 50-day simple moving average is $224.11 and its 200-day simple moving average is $206.99. The stock has a market capitalization of $2.11 trillion, a price-to-earnings ratio of 36.03, a PEG ratio of 1.50 and a beta of 1.19.

Amazon.com (NASDAQ:AMZN - Get Free Report) last posted its quarterly earnings data on Thursday, February 6th. The e-commerce giant reported $1.86 EPS for the quarter, beating analysts' consensus estimates of $1.52 by $0.34. Amazon.com had a net margin of 9.29% and a return on equity of 24.25%. On average, analysts expect that Amazon.com, Inc. will post 6.31 EPS for the current year.

Insider Activity

In related news, VP Shelley Reynolds sold 8,833 shares of the stock in a transaction on Friday, February 21st. The shares were sold at an average price of $222.47, for a total transaction of $1,965,077.51. Following the transaction, the vice president now directly owns 119,780 shares of the company's stock, valued at $26,647,456.60. This represents a 6.87 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Douglas J. Herrington sold 27,500 shares of the stock in a transaction on Wednesday, February 12th. The stock was sold at an average price of $230.27, for a total transaction of $6,332,425.00. Following the transaction, the chief executive officer now directly owns 497,067 shares in the company, valued at approximately $114,459,618.09. This represents a 5.24 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 106,649 shares of company stock valued at $23,871,905. 10.80% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the business. Prudent Man Investment Management Inc. purchased a new stake in shares of Amazon.com in the fourth quarter valued at about $27,000. Accordant Advisory Group Inc increased its holdings in Amazon.com by 400.0% during the fourth quarter. Accordant Advisory Group Inc now owns 125 shares of the e-commerce giant's stock worth $27,000 after buying an additional 100 shares during the last quarter. LSV Asset Management purchased a new stake in Amazon.com during the fourth quarter worth about $35,000. Perritt Capital Management Inc increased its holdings 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 worth $42,000 after buying an additional 80 shares during the last quarter. Finally, Compass Planning Associates Inc purchased a new stake in Amazon.com during the fourth quarter worth about $51,000. Institutional investors and hedge funds own 72.20% of the company's stock.

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.