Amazon.com (NASDAQ:AMZN) Shares Down 0.7% - Time to Sell?

Amazon.com, Inc. (NASDAQ:AMZN) dropped 0.7% on Thursday . The stock traded as low as $226.67 and last traded at $227.52. Approximately 4,480,364 shares traded hands during mid-day trading, a decline of 89% from the average daily volume of 41,111,176 shares. The stock had previously closed at $229.05.

Analyst Upgrades and Downgrades

AMZN has been the subject of several research reports. JPMorgan Chase & Co. lifted their price target on Amazon.com from $250.00 to $280.00 and gave the stock an "overweight" rating in a research note on Wednesday, December 18th. Moffett Nathanson increased their price objective on Amazon.com from $235.00 to $248.00 and gave the company a "buy" rating in a research note on Tuesday, November 26th. Roth Mkm upped their target price 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. Morgan Stanley upped their price objective on shares of Amazon.com from $210.00 to $230.00 and gave the company an "overweight" rating in a research note on Monday, November 4th. Finally, Bank of America boosted their price target on Amazon.com from $210.00 to $230.00 and gave the company a "buy" rating in a report on Friday, November 1st. Two analysts have rated the stock with a hold rating, forty-one have given a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average target price of $243.00.

Amazon.com Stock Down 0.9 %

The stock has a market capitalization of $2.39 trillion, a price-to-earnings ratio of 48.62, a price-to-earnings-growth ratio of 1.54 and a beta of 1.16. The company has a quick ratio of 0.87, a current ratio of 1.09 and a debt-to-equity ratio of 0.21. The firm has a 50-day moving average of $208.25 and a two-hundred day moving average of $192.31.

Amazon.com (NASDAQ:AMZN - Get Free Report) last issued its quarterly earnings results on Thursday, October 31st. The e-commerce giant reported $1.43 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.14 by $0.29. The company had revenue of $158.88 billion for the quarter, compared to the consensus estimate of $157.28 billion. Amazon.com had a return on equity of 22.41% and a net margin of 8.04%. The firm's revenue was up 11.0% compared to the same quarter last year. During the same period last year, the business posted $0.85 earnings per share. As a group, sell-side analysts anticipate that Amazon.com, Inc. will post 5.29 earnings per share for the current year.

Insider Buying and Selling at Amazon.com

In other news, CEO Douglas J. Herrington sold 5,502 shares of the company's stock in a transaction dated Friday, November 15th. The stock was sold at an average price of $205.81, for a total value of $1,132,366.62. Following the completion of the sale, the chief executive officer now directly owns 518,911 shares of the company's stock, valued at $106,797,072.91. This represents a 1.05 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Director Jonathan Rubinstein sold 5,004 shares of the business's stock in a transaction dated Friday, November 1st. The shares were sold at an average price of $199.85, for a total value of $1,000,049.40. Following the completion of the transaction, the director now directly owns 99,396 shares of the company's stock, valued at approximately $19,864,290.60. The trade was a 4.79 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 6,032,344 shares of company stock worth $1,253,456,822. 10.80% of the stock is currently owned by insiders.

Institutional Trading of Amazon.com

Several institutional investors and hedge funds have recently bought and sold shares of AMZN. IMS Capital Management increased its stake in Amazon.com by 2.3% in the third quarter. IMS Capital Management now owns 48,008 shares of the e-commerce giant's stock valued at $8,945,000 after acquiring an additional 1,078 shares during the last quarter. Syntax Research Inc. raised its position in Amazon.com by 10.8% during the 3rd quarter. Syntax Research Inc. now owns 4,300 shares of the e-commerce giant's stock worth $801,000 after purchasing an additional 420 shares during the last quarter. SMART Wealth LLC boosted its holdings in Amazon.com by 41.1% in the third quarter. SMART Wealth LLC now owns 7,317 shares of the e-commerce giant's stock valued at $1,363,000 after acquiring an additional 2,132 shares during the last quarter. Legacy Wealth Management LLC MS increased its position in shares of Amazon.com by 75.7% during the third quarter. Legacy Wealth Management LLC MS now owns 12,922 shares of the e-commerce giant's stock worth $2,408,000 after buying an additional 5,567 shares during the period. Finally, Alternative Investment Advisors LLC. lifted its stake in shares of Amazon.com by 2.2% in the 3rd quarter. Alternative Investment Advisors LLC. now owns 10,164 shares of the e-commerce giant's stock valued at $1,894,000 after purchasing an additional 215 shares during the period. 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.