Amazon.com (NASDAQ:AMZN) Stock Price Down 1.6% – Time to Sell?

Amazon.com, Inc. (NASDAQ:AMZN)’s stock price dropped 1.6% on Monday . The stock traded as low as $221.50 and last traded at $222.54. Approximately 45,846,742 shares traded hands during trading, an increase of 2% from the average daily volume of 44,913,258 shares. The stock had previously closed at $226.19.

Analyst Ratings Changes

A number of equities research analysts have commented on the company. Zacks Research upgraded Amazon.com from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, October 22nd. Desjardins increased their price target on shares of Amazon.com to $218.00 in a research report on Monday, December 8th. Guggenheim raised shares of Amazon.com to a “strong-buy” rating in a research report on Wednesday, December 10th. JMP Securities set a $300.00 price objective on shares of Amazon.com in a research note on Friday, October 31st. Finally, Rothschild & Co Redburn reissued a “neutral” rating and set a $250.00 target price on shares of Amazon.com in a research note on Tuesday, November 18th. Two analysts have rated the stock with a Strong Buy rating, fifty-six have given a Buy rating and three have assigned a Hold rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $295.43.

Amazon.com Stock Performance

The stock has a fifty day moving average price of $229.35 and a 200 day moving average price of $225.01. The company has a current ratio of 1.01, a quick ratio of 0.80 and a debt-to-equity ratio of 0.14. The firm has a market cap of $2.38 trillion, a price-to-earnings ratio of 31.43, a price-to-earnings-growth ratio of 1.56 and a beta of 1.37.

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

Insider Activity

In other news, Director Daniel P. Huttenlocher sold 1,237 shares of the firm’s stock in a transaction dated Thursday, November 20th. The stock was sold at an average price of $226.61, for a total value of $280,316.57. Following the sale, the director directly owned 26,148 shares of the company’s stock, valued at approximately $5,925,398.28. This trade represents a 4.52% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CEO Andrew R. Jassy sold 19,872 shares of Amazon.com stock in a transaction dated Friday, November 21st. The stock was sold at an average price of $216.94, for a total value of $4,311,031.68. Following the completion of the transaction, the chief executive officer owned 2,208,310 shares in the company, valued at $479,070,771.40. The trade was a 0.89% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last 90 days, insiders have sold 82,234 shares of company stock worth $19,076,767. Insiders own 10.80% of the company’s stock.

Institutional Trading of Amazon.com

Several hedge funds and other institutional investors have recently bought and sold shares of AMZN. Vanguard Group Inc. raised its stake in shares of Amazon.com by 2.1% in the second quarter. Vanguard Group Inc. now owns 849,721,601 shares of the e-commerce giant’s stock valued at $186,420,422,000 after acquiring an additional 17,447,045 shares during the last quarter. State Street Corp increased its holdings in Amazon.com by 2.0% during the 3rd quarter. State Street Corp now owns 381,681,441 shares of the e-commerce giant’s stock valued at $83,805,794,000 after purchasing an additional 7,584,156 shares in the last quarter. Geode Capital Management LLC raised its position in Amazon.com by 1.7% in the 2nd quarter. Geode Capital Management LLC now owns 216,717,657 shares of the e-commerce giant’s stock valued at $47,332,625,000 after purchasing an additional 3,721,658 shares during the last quarter. Kingstone Capital Partners Texas LLC raised its position in Amazon.com by 542,733.6% in the 2nd 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 purchasing an additional 132,616,953 shares during the last quarter. Finally, Norges Bank acquired a new position in Amazon.com in the second quarter worth $27,438,011,000. 72.20% of the stock is currently owned by institutional investors and hedge funds.

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.