Amazon.com (NASDAQ:AMZN) Trading Down 0.2%

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

Wall Street Analysts Forecast Growth

A number of equities research analysts have issued reports on the company. Benchmark restated a “buy” rating and set a $200.00 price target on shares of Amazon.com in a research note on Wednesday, April 24th. The Goldman Sachs Group boosted their price objective on Amazon.com from $200.00 to $220.00 and gave the company a “buy” rating in a research note on Friday, February 2nd. Sanford C. Bernstein boosted their price objective on Amazon.com from $175.00 to $200.00 and gave the company an “outperform” rating in a research note on Friday, February 2nd. BMO Capital Markets boosted their price objective on Amazon.com from $205.00 to $215.00 and gave the company an “outperform” rating in a research note on Tuesday, April 23rd. Finally, Moffett Nathanson reiterated a “buy” rating and set a $228.00 price objective on shares of Amazon.com in a research note on Thursday, April 11th. One analyst has rated the stock with a hold rating, forty-four have issued a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Buy” and a consensus price target of $205.13.

Amazon.com Stock Down 0.8 %

The company’s 50 day moving average is $178.22 and its 200 day moving average is $159.32. The company has a market cap of $1.87 trillion, a PE ratio of 62.30, a P/E/G ratio of 1.55 and a beta of 1.17. 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) last issued its earnings results on Thursday, February 1st. The e-commerce giant reported $1.00 EPS for the quarter, topping 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 business had revenue of $169.96 billion for the quarter, compared to analyst estimates of $165.96 billion. During the same period last year, the company posted $0.21 earnings per share. The company’s quarterly revenue was up 13.9% compared to the same quarter last year. As a group, analysts predict that Amazon.com, Inc. will post 4.11 earnings per share for the current fiscal year.

Insider Transactions at Amazon.com

In other Amazon.com news, CEO Adam Selipsky sold 500 shares of the firm’s stock in a transaction dated Thursday, April 18th. The shares were sold at an average price of $181.38, for a total transaction of $90,690.00. Following the transaction, the chief executive officer now owns 130,600 shares of the company’s stock, valued at approximately $23,688,228. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In related news, VP Shelley Reynolds sold 3,100 shares of the business’s stock in a transaction that occurred on Wednesday, February 21st. The shares were 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 owns 119,780 shares of the company’s stock, valued at $20,239,226.60. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Adam Selipsky sold 500 shares of the business’s stock in a transaction that occurred on Thursday, April 18th. The stock was sold at an average price of $181.38, for a total transaction of $90,690.00. Following the completion of the transaction, the chief executive officer now directly owns 130,600 shares of the company’s stock, valued at approximately $23,688,228. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 32,214,010 shares of company stock valued at $5,505,889,146. 10.80% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Amazon.com

Large investors have recently bought and sold shares of the business. Cherrydale Wealth Management LLC grew its holdings in Amazon.com by 14.7% in the fourth quarter. Cherrydale Wealth Management LLC now owns 5,260 shares of the e-commerce giant’s stock worth $799,000 after purchasing an additional 675 shares during the last quarter. Tompkins Financial Corp grew its holdings in Amazon.com by 3.3% in the fourth quarter. Tompkins Financial Corp now owns 71,576 shares of the e-commerce giant’s stock worth $10,875,000 after purchasing an additional 2,273 shares during the last quarter. Nicholas Company Inc. grew its holdings in Amazon.com by 3.9% in the third quarter. Nicholas Company Inc. now owns 705,065 shares of the e-commerce giant’s stock worth $89,628,000 after purchasing an additional 26,465 shares during the last quarter. Nordea Investment Management AB grew its holdings in Amazon.com by 5.4% in the fourth quarter. Nordea Investment Management AB now owns 5,397,520 shares of the e-commerce giant’s stock worth $825,065,000 after purchasing an additional 277,631 shares during the last quarter. Finally, Foresight Capital Management Advisors Inc. purchased a new position in Amazon.com in the fourth quarter worth $1,891,000. 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.