Amazon.com (NASDAQ:AMZN) Stock Price Down 0% – Here’s What Happened

Amazon.com, Inc. (NASDAQ:AMZN)’s stock price dropped 0% during mid-day trading on Thursday . The company traded as low as $186.00 and last traded at $186.86. Approximately 7,175,809 shares traded hands during mid-day trading, a decline of 83% from the average daily volume of 41,258,563 shares. The stock had previously closed at $186.89.

Analyst Ratings Changes

A number of research firms have recently commented on AMZN. Piper Sandler lowered their target price on Amazon.com from $220.00 to $215.00 and set an “overweight” rating for the company in a research report on Friday, August 2nd. Morgan Stanley reiterated an “overweight” rating and set a $210.00 price objective on shares of Amazon.com in a research report on Thursday, October 3rd. Wolfe Research initiated coverage on shares of Amazon.com in a report on Tuesday, July 16th. They issued an “outperform” rating and a $250.00 target price on the stock. Loop Capital increased their price target on shares of Amazon.com from $750.00 to $800.00 and gave the company a “buy” rating in a report on Wednesday. Finally, Evercore ISI reissued an “outperform” rating and set a $240.00 price objective on shares of Amazon.com in a research note on Friday, October 11th. Two analysts have rated the stock with a hold rating, forty-two have issued a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $236.78.

Amazon.com Stock Performance

The business has a 50-day moving average of $181.98 and a two-hundred day moving average of $183.41. The company has a debt-to-equity ratio of 0.23, a current ratio of 1.10 and a quick ratio of 0.88. The company has a market cap of $1.97 trillion, a P/E ratio of 52.94, a P/E/G ratio of 1.38 and a beta of 1.14.

Amazon.com (NASDAQ:AMZN) last issued its quarterly earnings data on Thursday, August 1st. The e-commerce giant reported $1.23 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.05 by $0.18. The firm had revenue of $147.98 billion for the quarter, compared to the consensus estimate of $148.63 billion. Amazon.com had a net margin of 7.35% and a return on equity of 21.39%. On average, sell-side analysts predict that Amazon.com, Inc. will post 4.85 EPS for the current fiscal year.

Insider Transactions at Amazon.com

In related news, CEO Douglas J. Herrington sold 3,500 shares of the business’s stock in a transaction on Thursday, August 1st. The stock was sold at an average price of $189.25, for a total transaction of $662,375.00. Following the transaction, the chief executive officer now directly owns 503,753 shares in the company, valued at $95,335,255.25. The trade was a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. In other Amazon.com news, CEO Douglas J. Herrington sold 3,500 shares of the firm’s stock in a transaction dated Thursday, August 1st. The stock was sold at an average price of $189.25, for a total value of $662,375.00. Following the completion of the sale, the chief executive officer now owns 503,753 shares of the company’s stock, valued at approximately $95,335,255.25. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, VP Shelley Reynolds sold 3,791 shares of the business’s stock in a transaction dated Wednesday, August 21st. The stock was sold at an average price of $181.04, for a total value of $686,322.64. Following the sale, the vice president now owns 121,461 shares in the company, valued at $21,989,299.44. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 54,355 shares of company stock valued at $9,877,423. Corporate insiders own 10.80% of the company’s stock.

Institutional Investors Weigh In On Amazon.com

Several institutional investors and hedge funds have recently made changes to their positions in the stock. PayPay Securities Corp grew its stake in Amazon.com by 64.6% during the 2nd quarter. PayPay Securities Corp now owns 163 shares of the e-commerce giant’s stock valued at $32,000 after purchasing an additional 64 shares during the last quarter. Hoese & Co LLP acquired a new position in Amazon.com in the 3rd quarter worth approximately $37,000. Christopher J. Hasenberg Inc raised its position in Amazon.com by 650.0% during the 2nd quarter. Christopher J. Hasenberg Inc now owns 300 shares of the e-commerce giant’s stock worth $58,000 after buying an additional 260 shares during the last quarter. Steph & Co. acquired a new stake in Amazon.com during the 1st quarter valued at approximately $65,000. Finally, Koesten Hirschmann & Crabtree INC. purchased a new stake in shares of Amazon.com in the 1st quarter valued at $69,000. 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.