Amazon.com (NASDAQ:AMZN) Trading Down 1.2% - Here's What Happened

Key Points

• Amazon's stock price fell by 1.2%, trading as low as $217.89 on Tuesday, with a total of approximately 47.8 million shares traded, representing an 8% increase from the average volume.
• Several analysts have upgraded their target prices for Amazon, with Stifel Nicolaus raising it from $245 to $262 and other firms setting targets ranging between $250 and $280, indicating a general consensus of "Buy" for the stock.
• Amazon recently reported earnings of $1.68 EPS, surpassing estimates of $1.31, and noted a revenue of $167.7 billion for the quarter, reflecting a 13.3% year-over-year growth.

Amazon.com, Inc. (NASDAQ:AMZN)'s stock price dropped 1.2% on Tuesday . The stock traded as low as $217.89 and last traded at $219.57. Approximately 47,797,292 shares were traded during mid-day trading, an increase of 8% from the average daily volume of 44,207,266 shares. The stock had previously closed at $222.17.

Analyst Upgrades and Downgrades

AMZN has been the subject of several analyst reports. Stifel Nicolaus raised their target price on shares of Amazon.com from $245.00 to $262.00 and gave the company a "buy" rating in a research note on Tuesday, July 29th. BNP Paribas raised shares of Amazon.com from a "hold" rating to a "strong-buy" rating in a research report on Friday, June 27th. Roth Capital set a $250.00 price objective on shares of Amazon.com and gave the stock a "buy" rating in a research report on Tuesday, July 8th. BMO Capital Markets lifted their price objective on shares of Amazon.com from $270.00 to $280.00 and gave the stock an "outperform" rating in a research report on Friday, August 1st. Finally, Cantor Fitzgerald lifted their price objective on shares of Amazon.com from $260.00 to $280.00 and gave the stock an "overweight" rating in a research report on Friday, August 1st. Two research analysts have rated the stock with a Strong Buy rating, forty-seven have given a Buy rating and one has given a Hold rating to the company's stock. According to MarketBeat.com, Amazon.com presently has a consensus rating of "Buy" and a consensus price target of $265.09.

Amazon.com Stock Performance

The stock's 50-day moving average price is $227.30 and its 200-day moving average price is $210.52. The company has a market cap of $2.34 trillion, a P/E ratio of 33.47, a PEG ratio of 1.47 and a beta of 1.31. The company has a debt-to-equity ratio of 0.15, a current ratio of 1.02 and a quick ratio of 0.81.

Amazon.com (NASDAQ:AMZN - Get Free Report) last announced its earnings results on Thursday, July 31st. The e-commerce giant reported $1.68 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.31 by $0.37. The company had revenue of $167.70 billion during the quarter, compared to analysts' expectations of $161.80 billion. Amazon.com had a net margin of 10.54% and a return on equity of 23.84%. Amazon.com's quarterly revenue was up 13.3% on a year-over-year basis. During the same quarter in the previous year, the business posted $1.26 earnings per share. Amazon.com has set its Q3 2025 guidance at EPS. Equities analysts anticipate that Amazon.com, Inc. will post 6.31 EPS for the current year.

Insider Buying and Selling

In related news, insider Jeffrey P. Bezos sold 4,273,237 shares of the business's stock in a transaction dated Friday, July 11th. The stock was sold at an average price of $224.81, for a total value of $960,666,409.97. Following the completion of the transaction, the insider owned 897,722,088 shares of the company's stock, valued at $201,816,902,603.28. The trade was a 0.47% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Insiders sold a total of 21,770,485 shares of company stock valued at $4,938,795,968 over the last three months. 10.80% of the stock is owned by insiders.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Castlekeep Investment Advisors LLC acquired a new position in Amazon.com in the fourth quarter valued at about $25,000. Carderock Capital Management Inc. acquired a new position in Amazon.com in the second quarter valued at about $27,000. Cooksen Wealth LLC acquired a new position in Amazon.com during the first quarter worth about $36,000. Inlight Wealth Management LLC acquired a new position in Amazon.com during the first quarter worth about $40,000. Finally, Capitol Family Office Inc. acquired a new position in Amazon.com during the first quarter worth about $42,000. Institutional investors and hedge funds own 72.20% of the company's stock.

About Amazon.com

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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