Amazon.com (NASDAQ:AMZN) Stock Price Down 1.2% – Should You Sell?

Shares of Amazon.com, Inc. (NASDAQ:AMZN) fell 1.2% during trading on Monday . The stock traded as low as $226.27 and last traded at $226.89. 34,675,182 shares changed hands during trading, a decline of 23% from the average session volume of 45,128,008 shares. The stock had previously closed at $229.53.

Wall Street Analyst Weigh In

A number of research firms recently issued reports on AMZN. Susquehanna set a $300.00 price target on Amazon.com and gave the company a “positive” rating in a report on Friday, October 31st. JMP Securities set a $300.00 price objective on shares of Amazon.com in a research report on Friday, October 31st. Evercore ISI boosted their target price on shares of Amazon.com from $280.00 to $335.00 and gave the stock an “outperform” rating in a research note on Friday, October 31st. Cantor Fitzgerald reissued an “overweight” rating on shares of Amazon.com in a research note on Wednesday, December 3rd. Finally, Monness Crespi & Hardt raised their price target on shares of Amazon.com from $275.00 to $300.00 and gave the company a “buy” rating in a report on Friday, October 31st. One equities research analyst has rated the stock with a Strong Buy rating, fifty-seven have given a Buy rating and three have given a Hold rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $295.93.

Amazon.com Price Performance

The company has a debt-to-equity ratio of 0.14, a quick ratio of 0.80 and a current ratio of 1.01. The company has a 50-day moving average price of $228.58 and a 200-day moving average price of $224.11. The firm has a market capitalization of $2.43 trillion, a P/E ratio of 32.05, a price-to-earnings-growth ratio of 1.58 and a beta of 1.37.

Amazon.com (NASDAQ:AMZN) last released its quarterly earnings data on Thursday, October 30th. The e-commerce giant reported $1.95 EPS for the quarter, beating analysts’ consensus estimates of $1.57 by $0.38. Amazon.com had a return on equity of 23.62% and a net margin of 11.06%.The business had revenue of $180.17 billion during the quarter, compared to the consensus estimate of $177.53 billion. During the same quarter in the prior year, the company posted $1.43 earnings per share. The firm’s revenue was up 13.4% on a year-over-year basis. On average, sell-side analysts predict that Amazon.com, Inc. will post 6.31 earnings per share for the current year.

Insider Buying and Selling

In related news, Director Keith Brian Alexander sold 900 shares of the stock in a transaction that occurred on Monday, November 17th. The shares were sold at an average price of $233.00, for a total value of $209,700.00. Following the sale, the director directly owned 7,170 shares in the company, valued at $1,670,610. This trade represents a 11.15% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, CEO Matthew S. Garman sold 17,768 shares of the business’s stock in a transaction that occurred on Friday, November 21st. The shares were sold at an average price of $216.90, for a total transaction of $3,853,879.20. Following the transaction, the chief executive officer owned 6,273 shares of the company’s stock, valued at approximately $1,360,613.70. This represents a 73.91% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold a total of 82,234 shares of company stock worth $19,076,767 over the last quarter. Insiders own 10.80% of the company’s stock.

Institutional Trading of Amazon.com

Large investors have recently made changes to their positions in the company. Kingstone Capital Partners Texas LLC grew its stake in Amazon.com by 542,733.6% in the second quarter. Kingstone Capital Partners Texas LLC now owns 132,641,388 shares of the e-commerce giant’s stock valued at $29,100,194,000 after acquiring an additional 132,616,953 shares during the period. Norges Bank bought a new position in shares of Amazon.com during the 2nd quarter valued at about $27,438,011,000. Nuveen LLC bought a new position in shares of Amazon.com during the 1st quarter valued at about $11,674,091,000. Vanguard Group Inc. grew its position in shares of Amazon.com by 2.1% in the 2nd quarter. Vanguard Group Inc. now owns 849,721,601 shares of the e-commerce giant’s stock valued at $186,420,422,000 after purchasing an additional 17,447,045 shares during the period. Finally, Laurel Wealth Advisors LLC increased its stake in Amazon.com by 22,085.8% during the 2nd quarter. Laurel Wealth Advisors LLC now owns 12,177,557 shares of the e-commerce giant’s stock worth $2,671,634,000 after purchasing an additional 12,122,668 shares in the last quarter. 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.