Amazon.com (NASDAQ:AMZN) Stock Price Down 0.2%

Amazon.com, Inc. (NASDAQ:AMZN)'s share price dropped 0.2% on Tuesday . The company traded as low as $180.51 and last traded at $180.67. Approximately 17,190,995 shares changed hands during mid-day trading, a decline of 60% from the average daily volume of 42,642,523 shares. The stock had previously closed at $180.96.

Wall Street Analysts Forecast Growth

AMZN has been the topic of a number of analyst reports. Benchmark restated a "buy" rating and set a $200.00 target price on shares of Amazon.com in a research report on Wednesday, April 24th. Bank of America increased their price target on Amazon.com from $185.00 to $204.00 and gave the company a "buy" rating in a report on Friday, February 2nd. Barclays raised their target price on Amazon.com from $190.00 to $220.00 and gave the stock an "overweight" rating in a research note on Friday, February 2nd. Evercore ISI upped their price objective on shares of Amazon.com from $195.00 to $220.00 and gave the company an "outperform" rating in a report on Friday, February 2nd. Finally, Raymond James raised their price target on shares of Amazon.com from $185.00 to $200.00 and gave the stock a "strong-buy" rating in a 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 issued a strong buy rating to the company's stock. According to data from MarketBeat, the company currently has a consensus rating of "Buy" and a consensus price target of $205.13.

Amazon.com Trading Down 3.3 %

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 has a market capitalization of $1.82 trillion, a price-to-earnings ratio of 60.34, a P/E/G ratio of 1.55 and a beta of 1.17. The business has a fifty day moving average price of $178.38 and a 200 day moving average price of $159.64.

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 for the quarter, beating the consensus estimate of $0.81 by $0.19. Amazon.com had a return on equity of 16.61% and a net margin of 5.29%. The business had revenue of $169.96 billion for the quarter, compared to analyst estimates of $165.96 billion. During the same period in the previous year, the company posted $0.21 EPS. The company's revenue was up 13.9% compared to the same quarter last year. As a group, equities analysts forecast that Amazon.com, Inc. will post 4.11 earnings per share for the current year.

Insider Buying and Selling

In other Amazon.com news, 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 transaction, the chief executive officer now owns 116,560 shares in the company, valued at $18,150,723.20. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. In other news, VP Shelley Reynolds sold 3,100 shares of Amazon.com stock in a transaction dated Wednesday, February 21st. The stock was sold at an average price of $168.97, for a total transaction of $523,807.00. Following the sale, the vice president now directly owns 119,780 shares of the company's stock, valued at $20,239,226.60. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, CEO Adam Selipsky sold 500 shares of the 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 completion of the transaction, the chief executive officer now directly owns 116,560 shares of the company's stock, valued at approximately $18,150,723.20. The disclosure for this sale can be found here. In the last three months, insiders sold 32,214,010 shares of company stock valued at $5,505,889,146. Company insiders own 10.80% of the company's stock.

Hedge Funds Weigh In On Amazon.com

Several institutional investors and hedge funds have recently made changes to their positions in AMZN. Cooksen Wealth LLC acquired a new stake in shares of Amazon.com in the 4th quarter valued at about $30,000. PayPay Securities Corp lifted its holdings in Amazon.com by 54.3% during the 3rd quarter. PayPay Securities Corp now owns 267 shares of the e-commerce giant's stock worth $34,000 after buying an additional 94 shares during the last quarter. E Fund Management Hong Kong Co. Ltd. raised its position in shares of Amazon.com by 45.0% during the 4th quarter. E Fund Management Hong Kong Co. Ltd. now owns 277 shares of the e-commerce giant's stock valued at $42,000 after acquiring an additional 86 shares in the last quarter. Strid Group LLC bought a new position in Amazon.com during the fourth quarter worth $43,000. Finally, Harbor Investment Advisory LLC raised its holdings in shares of Amazon.com by 0.7% during the fourth quarter. Harbor Investment Advisory LLC now owns 299,959 shares of the e-commerce giant's stock worth $46,000 after purchasing an additional 1,988 shares during the period. 72.20% of the stock is currently owned by hedge funds and other institutional investors.

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.