Amazon.com (NASDAQ:AMZN) Stock Price Down 0.2% - Time to Sell?

Shares of Amazon.com, Inc. (NASDAQ:AMZN) fell 0.2% during trading on Friday . The stock traded as low as $204.45 and last traded at $204.82. 13,397,893 shares were traded during mid-day trading, a decline of 68% from the average session volume of 41,825,992 shares. The stock had previously closed at $205.17.

Analysts Set New Price Targets

Several brokerages have commented on AMZN. The Goldman Sachs Group lowered their price objective on shares of Amazon.com from $255.00 to $220.00 and set a "buy" rating on the stock in a research report on Tuesday, April 22nd. Rosenblatt Securities lifted their price objective on shares of Amazon.com from $287.00 to $288.00 and gave the stock a "buy" rating in a research report on Friday, May 2nd. Benchmark reaffirmed a "buy" rating and issued a $260.00 price objective on shares of Amazon.com in a research report on Friday, May 2nd. Barclays lowered their price objective on shares of Amazon.com from $265.00 to $240.00 and set an "overweight" rating on the stock in a research report on Friday, May 2nd. Finally, Oppenheimer lowered their price objective on shares of Amazon.com from $260.00 to $220.00 and set an "outperform" rating on the stock in a research report on Monday, April 28th. Four analysts have rated the stock with a hold rating and forty-four have issued a buy rating to the company's stock. According to data from MarketBeat, Amazon.com presently has a consensus rating of "Moderate Buy" and an average price target of $244.09.

Amazon.com Stock Up 0.2%

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 firm has a market capitalization of $2.18 trillion, a P/E ratio of 37.18, a price-to-earnings-growth ratio of 1.50 and a beta of 1.30. The company's fifty day simple moving average is $189.33 and its 200 day simple moving average is $208.61.

Amazon.com (NASDAQ:AMZN - Get Free Report) last issued its quarterly earnings results on Thursday, May 1st. The e-commerce giant reported $1.59 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.38 by $0.21. The company had revenue of $155.67 billion during the quarter, compared to analyst estimates of $154.96 billion. Amazon.com had a net margin of 9.29% and a return on equity of 24.25%. Amazon.com's quarterly revenue was up 8.6% compared to the same quarter last year. During the same period last year, the business earned $0.98 EPS. Research analysts expect that Amazon.com, Inc. will post 6.31 EPS for the current year.

Insider Buying and Selling

In related news, CEO Andrew R. Jassy sold 20,784 shares of the stock in a transaction dated Friday, February 21st. The shares were sold at an average price of $220.65, for a total transaction of $4,585,989.60. Following the sale, the chief executive officer now directly owns 2,118,886 shares of the company's stock, valued at approximately $467,532,195.90. This represents a 0.97% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CEO Douglas J. Herrington sold 5,501 shares of the firm's stock in a transaction dated Tuesday, February 18th. The shares were sold at an average price of $228.44, for a total transaction of $1,256,648.44. Following the sale, the chief executive officer now directly owns 505,318 shares in the company, valued at approximately $115,434,843.92. The trade was a 1.08% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 80,798 shares of company stock worth $17,696,733 in the last three months. 9.70% of the stock is owned by corporate insiders.

Institutional Trading of Amazon.com

A number of institutional investors have recently made changes to their positions in the stock. Norges Bank purchased a new position in shares of Amazon.com in the fourth quarter worth approximately $27,266,582,000. Nuveen LLC purchased a new position in shares of Amazon.com in the first quarter worth approximately $11,674,091,000. GAMMA Investing LLC boosted its holdings in shares of Amazon.com by 21,420.5% in the first quarter. GAMMA Investing LLC now owns 30,245,061 shares of the e-commerce giant's stock worth $5,754,425,000 after buying an additional 30,104,520 shares during the last quarter. Capital World Investors boosted its holdings in shares of Amazon.com by 36.8% in the fourth quarter. Capital World Investors now owns 65,709,496 shares of the e-commerce giant's stock worth $14,416,078,000 after buying an additional 17,681,004 shares during the last quarter. Finally, Vanguard Group Inc. boosted its holdings in shares of Amazon.com by 2.2% in the fourth quarter. Vanguard Group Inc. now owns 823,360,597 shares of the e-commerce giant's stock worth $180,637,081,000 after buying an additional 17,635,391 shares during the last quarter. Hedge funds and other institutional investors 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.