Amazon.com (NASDAQ:AMZN) Stock Price Down 0.3% - Time to Sell?

Amazon.com, Inc. (NASDAQ:AMZN) shares dropped 0.3% during mid-day trading on Friday . The stock traded as low as $191.16 and last traded at $191.48. Approximately 9,609,078 shares were traded during mid-day trading, a decline of 77% from the average daily volume of 41,627,536 shares. The stock had previously closed at $192.08.

Wall Street Analysts Forecast Growth

A number of brokerages have commented on AMZN. Needham & Company LLC reaffirmed a "buy" rating and set a $220.00 price target on shares of Amazon.com in a research report on Friday, May 2nd. Tigress Financial upped their price objective on shares of Amazon.com from $290.00 to $305.00 and gave the stock a "buy" rating in a research report on Tuesday, May 6th. Raymond James restated an "outperform" rating and issued a $195.00 price objective (down from $275.00) on shares of Amazon.com in a report on Monday, April 21st. Citizens Jmp dropped their target price on shares of Amazon.com from $285.00 to $240.00 and set an "outperform" rating for the company in a report on Monday, April 14th. Finally, Westpark Capital reiterated a "buy" rating and issued a $280.00 price objective on shares of Amazon.com in a report on Friday, May 2nd. Four research analysts have rated the stock with a hold rating and forty-four have assigned a buy rating to the company's stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $244.09.

Amazon.com Stock Up 1.3%

The company has a debt-to-equity ratio of 0.18, a quick ratio of 0.87 and a current ratio of 1.06. The stock has a market cap of $2.24 trillion, a P/E ratio of 38.22, a PEG ratio of 1.50 and a beta of 1.30. The firm's 50-day moving average is $188.50 and its two-hundred day moving average is $208.25.

Amazon.com (NASDAQ:AMZN - Get Free Report) last released its quarterly earnings results on Thursday, May 1st. The e-commerce giant reported $1.59 earnings per share for the quarter, beating the consensus estimate of $1.38 by $0.21. The firm had revenue of $155.67 billion for the quarter, compared to analysts' expectations of $154.96 billion. Amazon.com had a net margin of 9.29% and a return on equity of 24.25%. The business's revenue was up 8.6% on a year-over-year basis. During the same period in the prior year, the firm earned $0.98 EPS. On average, equities research analysts anticipate that Amazon.com, Inc. will post 6.31 earnings per share for the current year.

Insiders Place Their Bets

In other Amazon.com news, CEO Douglas J. Herrington sold 2,500 shares of the business's stock in a transaction that occurred on Thursday, May 1st. The shares were sold at an average price of $190.67, for a total value of $476,675.00. Following the completion of the transaction, the chief executive officer now owns 506,974 shares of the company's stock, valued at $96,664,732.58. The trade was a 0.49% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, VP Shelley Reynolds sold 8,833 shares of Amazon.com stock in a transaction that occurred on Friday, February 21st. The stock was sold at an average price of $222.47, for a total value of $1,965,077.51. Following the completion of the transaction, the vice president now directly owns 119,780 shares in the company, valued at $26,647,456.60. This trade represents a 6.87% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 107,298 shares of company stock worth $23,818,478. Corporate insiders own 9.70% of the company's stock.

Hedge Funds Weigh In On Amazon.com

Several large investors have recently modified their holdings of AMZN. Castlekeep Investment Advisors LLC acquired a new stake in Amazon.com during the 4th quarter valued at approximately $25,000. Accordant Advisory Group Inc lifted its holdings in Amazon.com by 400.0% during the 4th 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 in the last quarter. Prudent Man Investment Management Inc. purchased a new position in shares of Amazon.com in the 4th quarter valued at about $27,000. LSV Asset Management acquired a new stake in Amazon.com in the fourth quarter valued at approximately $35,000. Finally, Cooksen Wealth LLC acquired a new position in shares of Amazon.com during the 1st quarter worth about $36,000. 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.