Amazon.com (NASDAQ:AMZN) Shares Down 1.4%

Amazon.com, Inc. (NASDAQ:AMZN)'s stock price was down 1.4% during trading on Friday . The company traded as low as $175.45 and last traded at $176.75. Approximately 15,761,872 shares traded hands during trading, a decline of 63% from the average daily volume of 42,414,809 shares. The stock had previously closed at $179.22.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently commented on AMZN shares. Susquehanna lifted their price target on shares of Amazon.com from $185.00 to $220.00 and gave the stock a "positive" rating in a report on Friday, February 2nd. Bank of America upped their price objective on shares of Amazon.com from $185.00 to $204.00 and gave the company a "buy" rating in a report on Friday, February 2nd. Benchmark upped their price objective on shares of Amazon.com from $175.00 to $200.00 and gave the company a "buy" rating in a report on Friday, February 2nd. Moffett Nathanson reissued a "buy" rating and set a $228.00 target price on shares of Amazon.com in a research report on Thursday, April 11th. Finally, Royal Bank of Canada boosted their target price on shares of Amazon.com from $180.00 to $215.00 and gave the stock an "outperform" rating in a research report on Friday, February 2nd. One analyst has rated the stock with a hold rating, forty-four have issued a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, Amazon.com presently has a consensus rating of "Buy" and an average target price of $202.80.

Amazon.com Price Performance

The company has a market capitalization of $1.82 trillion, a P/E ratio of 60.22, a P/E/G ratio of 1.57 and a beta of 1.16. The business's fifty day moving average price is $177.28 and its 200-day moving average price is $156.83. The company has a current ratio of 1.05, a quick ratio of 0.84 and a debt-to-equity ratio of 0.29.

Amazon.com (NASDAQ:AMZN - Get Free Report) last released its quarterly earnings data on Thursday, February 1st. The e-commerce giant reported $1.00 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.81 by $0.19. Amazon.com had a net margin of 5.29% and a return on equity of 16.61%. The firm had revenue of $169.96 billion for the quarter, compared to analysts' expectations of $165.96 billion. During the same quarter in the previous year, the company earned $0.21 earnings per share. The company's revenue for the quarter was up 13.9% compared to the same quarter last year. As a group, sell-side analysts predict that Amazon.com, Inc. will post 4.1 earnings per share for the current fiscal year.

Insider Activity

In other news, CEO Adam Selipsky sold 500 shares of Amazon.com stock in a transaction dated Thursday, February 1st. The shares were sold at an average price of $155.72, for a total transaction of $77,860.00. Following the sale, the chief executive officer now owns 116,560 shares of the company's stock, valued at approximately $18,150,723.20. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In related news, insider Jeffrey P. Bezos sold 5,998,849 shares of the business's stock in a transaction dated Wednesday, February 7th. The shares were sold at an average price of $170.16, for a total transaction of $1,020,764,145.84. Following the sale, the insider now owns 982,252,968 shares of the company's stock, valued at $167,140,165,034.88. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Adam Selipsky sold 500 shares of the business's stock in a transaction dated Thursday, February 1st. The stock was sold at an average price of $155.72, for a total transaction of $77,860.00. Following the sale, the chief executive officer now directly owns 116,560 shares in the company, valued at approximately $18,150,723.20. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 32,213,510 shares of company stock valued at $5,505,798,456. Corporate insiders own 12.30% of the company's stock.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the company. Bridgefront Capital LLC purchased a new position in shares of Amazon.com during the first quarter valued at approximately $228,000. Krane Funds Advisors LLC raised its holdings in shares of Amazon.com by 239.1% during the first quarter. Krane Funds Advisors LLC now owns 78 shares of the e-commerce giant's stock valued at $254,000 after purchasing an additional 55 shares during the last quarter. Range Financial Group LLC purchased a new stake in Amazon.com during the first quarter valued at approximately $258,000. My Personal CFO LLC purchased a new stake in Amazon.com during the first quarter valued at approximately $261,000. Finally, Worth Asset Management LLC purchased a new stake in Amazon.com during the first quarter valued at approximately $191,000. Institutional investors 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.