Amazon.com (NASDAQ:AMZN) Stock Price Down 1.2%

Amazon.com, Inc. (NASDAQ:AMZN) was down 1.2% during mid-day trading on Tuesday . The stock traded as low as $180.75 and last traded at $181.33. Approximately 18,207,873 shares changed hands during mid-day trading, a decline of 58% from the average daily volume of 43,213,066 shares. The stock had previously closed at $183.54.

Wall Street Analyst Weigh In

A number of brokerages have commented on AMZN. Wedbush reaffirmed an “outperform” rating and set a $225.00 price target on shares of Amazon.com in a research report on Wednesday, May 1st. Rosenblatt Securities reiterated a “buy” rating and issued a $220.00 target price on shares of Amazon.com in a research report on Wednesday, May 1st. Benchmark reiterated a “buy” rating and issued a $200.00 price target on shares of Amazon.com in a report on Wednesday, May 1st. Truist Financial lifted their price objective on shares of Amazon.com from $216.00 to $220.00 and gave the company a “buy” rating in a research note on Wednesday, May 1st. Finally, BMO Capital Markets increased their price objective on shares of Amazon.com from $215.00 to $220.00 and gave the stock an “outperform” rating in a research note on Wednesday, May 1st. One analyst has rated the stock with a hold rating, forty-four have issued a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, Amazon.com has a consensus rating of “Buy” and an average target price of $211.62.

Get Our Latest Analysis on Amazon.com

Amazon.com Stock Down 0.3 %

The business has a fifty day moving average of $181.87 and a 200 day moving average of $165.67. The company has a debt-to-equity ratio of 0.27, a current ratio of 1.07 and a quick ratio of 0.87. The stock has a market capitalization of $1.90 trillion, a price-to-earnings ratio of 51.30, a PEG ratio of 1.32 and a beta of 1.15.

Amazon.com (NASDAQ:AMZNGet Free Report) last issued its quarterly earnings data on Tuesday, April 30th. The e-commerce giant reported $0.98 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.83 by $0.15. The firm had revenue of $143.31 billion for the quarter, compared to analyst estimates of $142.65 billion. Amazon.com had a net margin of 6.38% and a return on equity of 19.86%. Amazon.com’s revenue was up 12.5% on a year-over-year basis. During the same period in the previous year, the firm earned $0.31 EPS. As a group, equities analysts predict that Amazon.com, Inc. will post 4.67 earnings per share for the current year.

Insider Buying and Selling

In related news, Director Jonathan Rubinstein sold 5,556 shares of the stock in a transaction dated Monday, March 4th. The stock was sold at an average price of $180.00, for a total transaction of $1,000,080.00. Following the transaction, the director now owns 109,664 shares of the company’s stock, valued at approximately $19,739,520. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. In other news, Director Jonathan Rubinstein sold 5,556 shares of the stock in a transaction on Monday, March 4th. The stock was sold at an average price of $180.00, for a total value of $1,000,080.00. Following the sale, the director now directly owns 109,664 shares in the company, valued at $19,739,520. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CEO Andrew R. Jassy sold 50,000 shares of the business’s stock in a transaction on Monday, March 4th. The stock was sold at an average price of $180.00, for a total value of $9,000,000.00. Following the transaction, the chief executive officer now directly owns 1,994,182 shares of the company’s stock, valued at $358,952,760. The disclosure for this sale can be found here. In the last quarter, insiders sold 70,320 shares of company stock valued at $12,722,720. Company insiders own 10.80% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in AMZN. Burney Co. raised its holdings in shares of Amazon.com by 1.3% in the 1st quarter. Burney Co. now owns 193,207 shares of the e-commerce giant’s stock valued at $34,851,000 after purchasing an additional 2,450 shares in the last quarter. Cedar Point Capital Partners LLC purchased a new stake in Amazon.com during the 1st quarter worth about $224,000. Orleans Capital Management Corp LA acquired a new position in shares of Amazon.com during the 1st quarter worth about $1,012,000. Koesten Hirschmann & Crabtree INC. purchased a new position in shares of Amazon.com in the 1st quarter valued at about $69,000. Finally, BigSur Wealth Management LLC raised its position in shares of Amazon.com by 23.5% during the 1st quarter. BigSur Wealth Management LLC now owns 32,170 shares of the e-commerce giant’s stock worth $5,803,000 after acquiring an additional 6,120 shares in the last quarter. Hedge funds and other institutional investors own 72.20% of the company’s stock.

Amazon.com Company Profile

(Get Free Report)

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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