Amazon.com (NASDAQ:AMZN) Stock Price Down 0.5% - Time to Sell?

Shares of Amazon.com, Inc. (NASDAQ:AMZN) dropped 0.5% during mid-day trading on Wednesday . The stock traded as low as $200.06 and last traded at $203.01. Approximately 14,577,407 shares changed hands during mid-day trading, a decline of 65% from the average daily volume of 41,851,039 shares. The stock had previously closed at $204.07.

Wall Street Analyst Weigh In

Several brokerages recently issued reports on AMZN. Royal Bank of Canada cut their target price on shares of Amazon.com from $235.00 to $230.00 and set an "outperform" rating for the company in a research report on Friday, May 2nd. Citigroup reiterated an "outperform" rating on shares of Amazon.com in a research note on Friday, May 2nd. Piper Sandler reissued an "overweight" rating and issued a $212.00 price objective (down from $215.00) on shares of Amazon.com in a research note on Friday, May 2nd. Scotiabank lowered their price target on Amazon.com from $306.00 to $250.00 and set a "sector outperform" rating for the company in a research report on Monday, April 21st. Finally, Stifel Nicolaus cut their target price on Amazon.com from $248.00 to $245.00 and set a "buy" rating on the stock in a research note on Friday, May 2nd. Four analysts have rated the stock with a hold rating and forty-four have issued a buy rating to the company. Based on data from MarketBeat.com, Amazon.com has a consensus rating of "Moderate Buy" and an average price target of $244.09.

Amazon.com Stock Down 0.4%

The stock has a market cap of $2.16 trillion, a PE ratio of 36.74, a P/E/G ratio of 1.50 and a beta of 1.30. The business has a 50 day moving average price of $189.68 and a 200 day moving average price of $208.79. The company has a quick ratio of 0.87, a current ratio of 1.06 and a debt-to-equity ratio of 0.18.

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

Insiders Place Their Bets

In other news, CEO Andrew R. Jassy sold 20,784 shares of Amazon.com stock in a transaction that occurred on Friday, February 21st. The stock was sold at an average price of $220.65, for a total value 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 $467,532,195.90. The trade was a 0.97% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, SVP David Zapolsky sold 19,212 shares of the business's stock in a transaction on Monday, February 24th. The stock was sold at an average price of $217.50, for a total value of $4,178,610.00. Following the transaction, the senior vice president now directly owns 49,950 shares in the company, valued at $10,864,125. This trade represents a 27.78% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 80,081 shares of company stock worth $17,421,044. Company insiders own 9.70% of the company's stock.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the business. Norges Bank acquired a new position in Amazon.com during the 4th quarter worth approximately $27,266,582,000. Nuveen LLC acquired a new stake in shares of Amazon.com in the 1st quarter valued at about $11,674,091,000. GAMMA Investing LLC grew its stake in Amazon.com by 21,420.5% during the 1st 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 increased its holdings in shares of Amazon.com by 36.8% in the 4th quarter. Capital World Investors now owns 65,709,496 shares of the e-commerce giant's stock valued at $14,416,078,000 after acquiring an additional 17,681,004 shares during the period. Finally, Vanguard Group Inc. boosted its stake in shares of Amazon.com by 2.2% during 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 period. 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.

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