Amazon.com (NASDAQ:AMZN) Shares Down 1%

Amazon.com, Inc. (NASDAQ:AMZN)'s stock price fell 1% on Wednesday . The company traded as low as $177.47 and last traded at $177.73. 9,931,580 shares changed hands during mid-day trading, a decline of 77% from the average session volume of 42,421,863 shares. The stock had previously closed at $179.54.

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on the stock. Robert W. Baird lifted their price target on shares of Amazon.com from $185.00 to $205.00 and gave the company an "outperform" rating in a research report on Friday, February 2nd. Needham & Company LLC reaffirmed a "buy" rating and set a $205.00 price objective on shares of Amazon.com in a research report on Thursday, April 18th. Susquehanna boosted their target price on Amazon.com from $185.00 to $220.00 and gave the stock a "positive" rating in a report on Friday, February 2nd. Piper Sandler increased their target price on Amazon.com from $185.00 to $205.00 and gave the stock an "overweight" rating in a research note on Friday, February 2nd. Finally, UBS Group lifted their price target on Amazon.com from $180.00 to $198.00 and gave the stock a "buy" rating in a research report on Friday, February 2nd. One equities research analyst has rated the stock with a hold rating, forty-four have given a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of "Buy" and a consensus price target of $204.76.

Amazon.com Stock Performance

The company has a debt-to-equity ratio of 0.29, a quick ratio of 0.84 and a current ratio of 1.05. The firm's 50-day moving average price is $177.71 and its two-hundred day moving average price is $158.12. The stock has a market cap of $1.83 trillion, a price-to-earnings ratio of 60.89, a PEG ratio of 1.54 and a beta of 1.16.

Amazon.com (NASDAQ:AMZN - Get Free Report) last posted its quarterly earnings results on Thursday, February 1st. The e-commerce giant reported $1.00 earnings per share for the quarter, beating the consensus estimate of $0.81 by $0.19. Amazon.com had a net margin of 5.29% and a return on equity of 16.61%. The business had revenue of $169.96 billion during the quarter, compared to analysts' expectations of $165.96 billion. During the same quarter in the prior year, the company posted $0.21 EPS. The business's revenue for the quarter was up 13.9% on a year-over-year basis. On average, analysts expect that Amazon.com, Inc. will post 4.1 EPS for the current fiscal year.

Insider Activity

In other Amazon.com news, CEO Adam Selipsky sold 500 shares of the company's stock in a transaction dated Thursday, February 1st. The shares were sold at an average price of $155.72, for a total value of $77,860.00. Following the transaction, the chief executive officer now owns 116,560 shares of the company's stock, valued at $18,150,723.20. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. In related news, CEO Douglas J. Herrington sold 20,200 shares of Amazon.com stock in a transaction that occurred on Wednesday, February 7th. The shares were sold at an average price of $169.99, for a total value of $3,433,798.00. Following the completion of the transaction, the chief executive officer now owns 514,131 shares in the company, valued at $87,397,128.69. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Adam Selipsky sold 500 shares of the company's stock in a transaction that occurred on 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 $18,150,723.20. The disclosure for this sale can be found here. Insiders have sold a total of 32,214,010 shares of company stock valued at $5,505,889,146 in the last quarter. Insiders own 10.80% of the company's stock.

Hedge Funds Weigh In On Amazon.com

Institutional investors have recently modified their holdings of the business. Mayflower Financial Advisors LLC raised its holdings in shares of Amazon.com by 0.3% in the 3rd quarter. Mayflower Financial Advisors LLC now owns 194,762 shares of the e-commerce giant's stock valued at $25,000 after purchasing an additional 572 shares in the last quarter. Cooksen Wealth LLC acquired a new stake in shares of Amazon.com during the 4th quarter worth about $30,000. PayPay Securities Corp lifted its stake in Amazon.com by 54.3% during the third quarter. PayPay Securities Corp now owns 267 shares of the e-commerce giant's stock worth $34,000 after purchasing an additional 94 shares during the last quarter. E Fund Management Hong Kong Co. Ltd. boosted its holdings in Amazon.com by 45.0% in the fourth quarter. E Fund Management Hong Kong Co. Ltd. now owns 277 shares of the e-commerce giant's stock valued at $42,000 after purchasing an additional 86 shares in the last quarter. Finally, Strid Group LLC purchased a new position in Amazon.com in the fourth quarter valued at approximately $43,000. Institutional investors and hedge funds 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.