Amazon.com (NASDAQ:AMZN) Trading Down 1.7%

Amazon.com, Inc. (NASDAQ:AMZN) was down 1.7% during trading on Wednesday . The stock traded as low as $182.73 and last traded at $183.90. Approximately 31,155,385 shares changed hands during trading, a decline of 28% from the average daily volume of 43,285,965 shares. The stock had previously closed at $187.07.

Analyst Ratings Changes

Several equities research analysts have recently weighed in on the stock. Citigroup increased their target price on shares of Amazon.com from $235.00 to $245.00 and gave the company a "buy" rating in a research note on Wednesday, May 1st. Deutsche Bank Aktiengesellschaft increased their price target on Amazon.com from $175.00 to $200.00 and gave the stock a "buy" rating in a report on Friday, February 2nd. Argus boosted their price objective on Amazon.com from $185.00 to $205.00 and gave the company a "buy" rating in a report on Thursday, May 2nd. JPMorgan Chase & Co. increased their target price on Amazon.com from $225.00 to $240.00 and gave the stock an "overweight" rating in a research note on Wednesday, May 1st. Finally, TD Cowen boosted their target price on shares of Amazon.com from $200.00 to $225.00 and gave the company an "outperform" rating in a research note on Friday, February 2nd. One 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. According to MarketBeat.com, the company has a consensus rating of "Buy" and a consensus target price of $211.62.

Amazon.com Trading Down 0.6 %

The company has a debt-to-equity ratio of 0.27, a quick ratio of 0.87 and a current ratio of 1.07. The company has a market cap of $1.94 trillion, a price-to-earnings ratio of 51.51, a P/E/G ratio of 1.35 and a beta of 1.15. The company's fifty day moving average is $180.77 and its two-hundred day moving average is $163.84.

Amazon.com (NASDAQ:AMZN - Get Free Report) last released its quarterly earnings data 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 business had revenue of $143.31 billion for the quarter, compared to the consensus estimate of $142.65 billion. During the same period in the prior year, the firm earned $0.31 EPS. The business's revenue for the quarter was up 12.5% on a year-over-year basis. On average, research analysts anticipate that Amazon.com, Inc. will post 4.67 EPS for the current year.

Insiders Place Their Bets

In other news, CEO Adam Selipsky sold 500 shares of the business's stock in a transaction dated Thursday, March 21st. The stock was sold at an average price of $180.00, for a total value of $90,000.00. Following the completion of the transaction, the chief executive officer now owns 132,600 shares of the company's stock, valued at approximately $23,868,000. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. In related news, CEO Adam Selipsky sold 500 shares of Amazon.com stock in a transaction that occurred on Thursday, March 21st. The stock was sold at an average price of $180.00, for a total transaction of $90,000.00. Following the completion of the transaction, the chief executive officer now directly owns 132,600 shares in the company, valued at $23,868,000. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CEO Andrew R. Jassy sold 50,000 shares of the company's stock in a transaction that occurred on Friday, February 16th. The stock was sold at an average price of $168.65, for a total value of $8,432,500.00. Following the completion of the sale, the chief executive officer now owns 2,014,055 shares in the company, valued at approximately $339,670,375.75. The disclosure for this sale can be found here. In the last three months, insiders have sold 8,181,245 shares of company stock valued at $1,380,028,066. Company insiders own 10.80% of the company's stock.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Cooksen Wealth LLC purchased a new stake in shares of Amazon.com in the fourth quarter valued at approximately $30,000. PayPay Securities Corp raised its position 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 acquiring an additional 94 shares during the period. E Fund Management Hong Kong Co. Ltd. lifted its holdings in Amazon.com by 45.0% during 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. Strid Group LLC acquired a new stake in shares of Amazon.com in the fourth quarter valued at about $43,000. Finally, Harbor Investment Advisory LLC increased its stake 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 in the last quarter. Hedge funds and other 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.

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