Amazon.com (NASDAQ:AMZN) Stock Price Down 1.8% – Time to Sell?

Amazon.com, Inc. (NASDAQ:AMZN) shares fell 1.8% on Friday . The company traded as low as $225.12 and last traded at $226.19. 34,706,328 shares traded hands during trading, a decline of 23% from the average session volume of 44,873,520 shares. The stock had previously closed at $230.28.

Analysts Set New Price Targets

A number of equities analysts recently issued reports on AMZN shares. The Goldman Sachs Group increased their price target on shares of Amazon.com from $240.00 to $275.00 and gave the stock a “buy” rating in a research note on Friday, October 3rd. Barclays reiterated an “overweight” rating and set a $300.00 target price (up previously from $275.00) on shares of Amazon.com in a report on Friday, October 31st. Cowen restated a “buy” rating on shares of Amazon.com in a research note on Tuesday, November 25th. HSBC lifted their price target on Amazon.com from $260.00 to $285.00 and gave the company a “buy” rating in a research report on Friday, October 31st. Finally, Stifel Nicolaus raised their price objective on Amazon.com from $269.00 to $295.00 and gave the company a “buy” rating in a research report on Friday, October 31st. Two research analysts have rated the stock with a Strong Buy rating, fifty-six have issued a Buy rating and three have assigned a Hold rating to the company. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $295.43.

Amazon.com Trading Down 1.8%

The stock has a market cap of $2.42 trillion, a PE ratio of 31.95, a price-to-earnings-growth ratio of 1.56 and a beta of 1.37. The firm has a 50-day moving average price of $229.35 and a 200-day moving average price of $224.87. The company has a debt-to-equity ratio of 0.14, a quick ratio of 0.80 and a current ratio of 1.01.

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

Insider Buying and Selling

In other news, Director Daniel P. Huttenlocher sold 1,237 shares of the business’s stock in a transaction on Thursday, November 20th. The stock was sold at an average price of $226.61, for a total value of $280,316.57. Following the completion of the transaction, the director owned 26,148 shares in the company, valued at $5,925,398.28. The trade was a 4.52% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CEO Douglas J. Herrington sold 22,000 shares of the stock in a transaction on Friday, October 31st. The shares were sold at an average price of $250.03, for a total value of $5,500,660.00. Following the sale, the chief executive officer directly owned 493,507 shares in the company, valued at $123,391,555.21. This trade represents a 4.27% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold 82,234 shares of company stock worth $19,076,767 over the last 90 days. 9.70% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Amazon.com

A number of hedge funds have recently bought and sold shares of the business. Fairway Wealth LLC lifted its holdings in shares of Amazon.com by 113.2% during the 3rd quarter. Fairway Wealth LLC now owns 113 shares of the e-commerce giant’s stock valued at $25,000 after buying an additional 60 shares during the period. Carderock Capital Management Inc. bought a new position in Amazon.com in the second quarter valued at about $27,000. Sellwood Investment Partners LLC purchased a new position in Amazon.com in the third quarter worth about $27,000. Maryland Capital Advisors Inc. grew its stake in shares of Amazon.com by 81.9% during the 2nd quarter. Maryland Capital Advisors Inc. now owns 211 shares of the e-commerce giant’s stock valued at $46,000 after purchasing an additional 95 shares during the period. Finally, Ryan Investment Management Inc. purchased a new stake in shares of Amazon.com during the 2nd quarter valued at about $48,000. 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.