Amazon.com (NASDAQ:AMZN) Stock Price Down 2.1% - Should You Sell?

Amazon.com, Inc. (NASDAQ:AMZN) shares were down 2.1% on Monday . The company traded as low as $218.43 and last traded at $219.12. Approximately 8,301,525 shares traded hands during mid-day trading, a decline of 80% from the average daily volume of 40,969,047 shares. The stock had previously closed at $223.75.

Analyst Ratings Changes

Several research firms have recently issued reports on AMZN. Bank of America lifted their target price on shares of Amazon.com from $210.00 to $230.00 and gave the company a "buy" rating in a report on Friday, November 1st. Benchmark lifted their price objective on Amazon.com from $200.00 to $215.00 and gave the company a "buy" rating in a research note on Friday, November 1st. BMO Capital Markets restated an "outperform" rating and set a $236.00 price target on shares of Amazon.com in a report on Tuesday, December 3rd. Oppenheimer upped their price target on shares of Amazon.com from $220.00 to $230.00 and gave the stock an "outperform" rating in a research note on Friday, November 1st. Finally, Evercore ISI lifted their target price on shares of Amazon.com from $240.00 to $260.00 and gave the stock an "outperform" rating in a report on Friday, November 1st. Two analysts have rated the stock with a hold rating, forty-one have issued a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $243.00.

Amazon.com Price Performance

The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.87 and a current ratio of 1.09. The firm's fifty day moving average is $209.73 and its two-hundred day moving average is $192.89. The company has a market cap of $2.33 trillion, a P/E ratio of 47.39, a P/E/G ratio of 1.54 and a beta of 1.16.

Amazon.com (NASDAQ:AMZN - Get Free Report) last issued its quarterly earnings data on Thursday, October 31st. The e-commerce giant reported $1.43 earnings per share 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 firm had revenue of $158.88 billion during the quarter, compared to analyst estimates of $157.28 billion. During the same quarter last year, the business posted $0.85 earnings per share. The business's quarterly revenue was up 11.0% compared to the same quarter last year. As a group, analysts anticipate that Amazon.com, Inc. will post 5.29 earnings per share for the current fiscal year.

Insider Activity

In related news, Director Jonathan Rubinstein sold 4,351 shares of Amazon.com stock in a transaction dated Monday, December 9th. The shares were sold at an average price of $229.85, for a total transaction of $1,000,077.35. Following the completion of the transaction, the director now directly owns 88,203 shares of the company's stock, valued at approximately $20,273,459.55. The trade was a 4.70 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Daniel P. Huttenlocher sold 1,237 shares of the stock in a transaction dated Tuesday, November 19th. The stock was sold at an average price of $199.06, for a total transaction of $246,237.22. Following the completion of the sale, the director now directly owns 24,912 shares in the company, valued at $4,958,982.72. This trade represents a 4.73 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 6,032,344 shares of company stock valued at $1,253,456,822. 10.80% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Amazon.com

Several hedge funds have recently bought and sold shares of the business. PayPay Securities Corp lifted its holdings in Amazon.com by 64.6% during the 2nd quarter. PayPay Securities Corp now owns 163 shares of the e-commerce giant's stock valued at $32,000 after buying an additional 64 shares in the last quarter. Hoese & Co LLP bought a new stake in shares of Amazon.com in the third quarter valued at about $37,000. Bull Oak Capital LLC purchased a new stake in Amazon.com in the third quarter worth about $45,000. Christopher J. Hasenberg Inc grew its holdings in Amazon.com by 650.0% during the 2nd quarter. Christopher J. Hasenberg Inc now owns 300 shares of the e-commerce giant's stock worth $58,000 after acquiring an additional 260 shares in the last quarter. Finally, Values First Advisors Inc. purchased a new position in Amazon.com during the 3rd quarter valued at about $56,000. 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.