Amazon.com (NASDAQ:AMZN) Shares Down 0.4%

Amazon.com, Inc. (NASDAQ:AMZN)'s share price traded down 0.4% on Wednesday . The company traded as low as $186.39 and last traded at $188.00. 8,569,935 shares changed hands during mid-day trading, a decline of 80% from the average session volume of 43,627,477 shares. The stock had previously closed at $188.76.

Analyst Ratings Changes

Several brokerages recently weighed in on AMZN. JMP Securities restated a "market outperform" rating and issued a $225.00 price target on shares of Amazon.com in a research note on Wednesday, May 1st. Barclays increased their target price on Amazon.com from $220.00 to $230.00 and gave the company an "overweight" rating in a research report on Wednesday, May 1st. Needham & Company LLC restated a "buy" rating and set a $205.00 price objective on shares of Amazon.com in a research report on Wednesday, May 1st. JPMorgan Chase & Co. lifted their target price on shares of Amazon.com from $225.00 to $240.00 and gave the company an "overweight" rating in a research report on Wednesday, May 1st. Finally, Wells Fargo & Company boosted their target price on shares of Amazon.com from $217.00 to $234.00 and gave the stock an "overweight" rating in a research note on Wednesday, May 1st. One equities research analyst has rated the stock with a hold rating, forty-four have issued a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of "Buy" and a consensus price target of $211.62.

Amazon.com Stock Performance

The company has a quick ratio of 0.87, a current ratio of 1.07 and a debt-to-equity ratio of 0.27. The firm has a 50-day simple moving average of $179.60 and a 200 day simple moving average of $161.63. The company has a market cap of $1.96 trillion, a price-to-earnings ratio of 52.66, a price-to-earnings-growth ratio of 1.35 and a beta of 1.15.

Amazon.com (NASDAQ:AMZN - Get Free Report) last released its quarterly earnings results on Tuesday, April 30th. The e-commerce giant reported $0.98 EPS for the quarter, beating the consensus estimate of $0.83 by $0.15. Amazon.com had a net margin of 6.38% and a return on equity of 19.86%. The firm had revenue of $143.31 billion during the quarter, compared to the consensus estimate of $142.65 billion. During the same quarter in the prior year, the firm earned $0.31 EPS. Amazon.com's revenue for the quarter was up 12.5% on a year-over-year basis. On average, sell-side analysts predict that Amazon.com, Inc. will post 4.67 earnings per share for the current fiscal year.

Insider Activity

In related news, VP Shelley Reynolds sold 3,100 shares of the firm's stock in a transaction that occurred on Wednesday, February 21st. The stock was sold at an average price of $168.97, for a total value of $523,807.00. Following the completion of the transaction, the vice president now directly owns 119,780 shares of the company's stock, valued at approximately $20,239,226.60. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. In other Amazon.com news, Director Keith Brian Alexander sold 1,000 shares of the company's stock in a transaction dated Monday, May 6th. The shares were sold at an average price of $186.22, for a total value of $186,220.00. Following the sale, the director now owns 4,760 shares of the company's stock, valued at $886,407.20. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, VP Shelley Reynolds sold 3,100 shares of the stock in a transaction that occurred on Wednesday, February 21st. The shares were sold at an average price of $168.97, for a total transaction of $523,807.00. Following the completion of the sale, the vice president now owns 119,780 shares in the company, valued at $20,239,226.60. The disclosure for this sale can be found here. In the last three months, insiders sold 26,198,961 shares of company stock worth $4,482,430,577. Company insiders own 10.80% of the company's stock.

Institutional Investors Weigh In On Amazon.com

Large investors have recently bought and sold shares of the stock. Vanguard Group Inc. lifted its holdings in Amazon.com by 1.7% in the 4th quarter. Vanguard Group Inc. now owns 771,086,427 shares of the e-commerce giant's stock valued at $117,158,872,000 after purchasing an additional 13,134,632 shares in the last quarter. FMR LLC lifted its stake in shares of Amazon.com by 7.7% during the third quarter. FMR LLC now owns 302,101,441 shares of the e-commerce giant's stock valued at $38,403,135,000 after buying an additional 21,649,871 shares during the period. Norges Bank acquired a new stake in Amazon.com during the fourth quarter worth approximately $17,700,551,000. Northern Trust Corp grew its stake in Amazon.com by 3.7% in the 3rd quarter. Northern Trust Corp now owns 92,329,336 shares of the e-commerce giant's stock worth $11,736,905,000 after acquiring an additional 3,260,411 shares during the period. Finally, Jennison Associates LLC raised its holdings in Amazon.com by 0.5% in the 1st quarter. Jennison Associates LLC now owns 56,666,183 shares of the e-commerce giant's stock valued at $10,221,446,000 after acquiring an additional 295,132 shares during the last quarter. 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.