Amazon.com (NASDAQ:AMZN) Shares Down 1.8% - Time to Sell?

Amazon.com, Inc. (NASDAQ:AMZN) shares were down 1.8% during mid-day trading on Tuesday . The stock traded as low as $222.14 and last traded at $223.52. Approximately 8,823,001 shares were traded during mid-day trading, a decline of 65% from the average daily volume of 25,084,121 shares. The stock had previously closed at $227.61.

Analyst Ratings Changes

Several equities research analysts recently commented on AMZN shares. Roth Mkm lifted their price objective on Amazon.com from $220.00 to $250.00 and gave the stock a "buy" rating in a report on Monday, December 9th. Evercore ISI lifted their price objective on Amazon.com from $240.00 to $260.00 and gave the company an "outperform" rating in a research report on Friday, November 1st. BMO Capital Markets reissued an "outperform" rating and issued a $236.00 price target on shares of Amazon.com in a report on Tuesday, December 3rd. Jefferies Financial Group upped their price objective on Amazon.com from $235.00 to $275.00 and gave the stock a "buy" rating in a report on Monday, December 16th. Finally, Robert W. Baird upped their price objective on Amazon.com from $220.00 to $260.00 and gave the stock an "outperform" rating in a report on Friday, December 13th. Two research analysts have rated the stock with a hold rating, forty-one have issued a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat.com, Amazon.com has an average rating of "Moderate Buy" and an average price target of $243.67.

Amazon.com Price Performance

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 company has a market cap of $2.34 trillion, a PE ratio of 47.56, a P/E/G ratio of 1.54 and a beta of 1.14. The stock has a 50-day simple moving average of $213.85 and a 200 day simple moving average of $194.50.

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

Insider Buying and Selling

In other news, Director Jonathan Rubinstein sold 4,351 shares of the stock in a transaction dated Monday, December 9th. The stock was sold at an average price of $229.85, for a total value of $1,000,077.35. Following the transaction, the director now owns 88,203 shares in the company, valued at approximately $20,273,459.55. This represents a 4.70 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Daniel P. Huttenlocher sold 1,237 shares of the stock in a transaction dated Tuesday, November 19th. The shares were sold at an average price of $199.06, for a total value of $246,237.22. Following the completion of the transaction, the director now owns 24,912 shares in the company, valued at approximately $4,958,982.72. The trade was a 4.73 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 6,032,344 shares of company stock valued at $1,253,456,822 in the last three months. 10.80% of the stock is owned by corporate insiders.

Institutional Trading of Amazon.com

A number of large investors have recently made changes to their positions in the company. Semus Wealth Partners LLC boosted its position in shares of Amazon.com by 0.3% in the 3rd quarter. Semus Wealth Partners LLC now owns 17,920 shares of the e-commerce giant's stock valued at $3,339,000 after purchasing an additional 49 shares during the period. Bell Investment Advisors Inc boosted its position in shares of Amazon.com by 1.5% in the 3rd quarter. Bell Investment Advisors Inc now owns 3,359 shares of the e-commerce giant's stock valued at $626,000 after purchasing an additional 51 shares during the period. O Connor Financial Group LLC lifted its position in Amazon.com by 2.2% during the 3rd quarter. O Connor Financial Group LLC now owns 2,536 shares of the e-commerce giant's stock worth $473,000 after acquiring an additional 55 shares during the period. Cherrydale Wealth Management LLC lifted its position in Amazon.com by 0.7% during the 3rd quarter. Cherrydale Wealth Management LLC now owns 7,492 shares of the e-commerce giant's stock worth $1,396,000 after acquiring an additional 55 shares during the period. Finally, Cedar Point Capital Partners LLC lifted its position in Amazon.com by 4.4% during the 3rd quarter. Cedar Point Capital Partners LLC now owns 1,324 shares of the e-commerce giant's stock worth $247,000 after acquiring an additional 56 shares during the period. 72.20% of the stock is owned by institutional investors and hedge funds.

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.