Amazon.com (NASDAQ:AMZN) Stock Price Down 1% - What's Next?

Amazon.com, Inc. (NASDAQ:AMZN) witnessed a slight decline of 1% in its stock price on Thursday. The shares dropped to a low of $205.05 before finishing the day at approximately $205.74. This trading session saw a total of 28,061,638 shares exchanged, marking a 32% decrease from the average trading volume of 41,492,559 shares. The previous closing price was $207.86.

Recent Analyst Ratings

Several research analysts have recently evaluated Amazon’s stock. Cantor Fitzgerald reiterated a rating of "overweight" while setting a price target of $230.00 per share in their report on October 7th. On November 1st, Bank of America increased its price target from $210.00 to $230.00, maintaining a "buy" rating. Monness Crespi & Hardt also raised their target from $225.00 to $245.00 the same day, with a "buy" recommendation. Jefferies Financial Group followed suit, increasing their price target from $225.00 to $235.00, also retaining a "buy" rating. Additionally, Barclays raised its target from $220.00 to $235.00, affirming an "overweight" rating. Overall, two equity analysts have given the stock a hold rating, while forty-one have issued buy ratings, including one strong buy. According to MarketBeat.com, Amazon's stock is rated as a "Moderate Buy" with an average target price of $236.20.

Performance Overview

Amazon.com has a 50-day moving average price of $194.14 and a 200-day moving average price of $186.66. With a market capitalization of $2.16 trillion, the company holds a P/E ratio of 44.06 and a price-to-earnings growth (PEG) ratio of 1.35, along with a beta of 1.14. The company exhibits a quick ratio of 0.87, a current ratio of 1.09, and a debt-to-equity ratio of 0.21.

In its latest earnings report released on October 31st, Amazon posted an earnings per share (EPS) of $1.43, exceeding analysts' expectations of $1.14 by $0.29. The company reported a return on equity of 22.41% and a net margin of 8.04%. Amazon’s revenue for the quarter reached $158.88 billion, surpassing the anticipated $157.28 billion, with a year-over-year revenue growth of 11%. Analysts forecast that Amazon will achieve an EPS of 5.29 for the current fiscal year.

Insider Activity

In related news, CEO Matthew S. Garman sold 15,260 shares of Amazon stock on November 21st at an average price of $200.19, totaling approximately $3,054,899.40. Post-transaction, Garman now holds about 349,261 shares worth roughly $69,918,559.59, reflecting a decrease of 4.19% in his position. Additionally, insider Jeffrey P. Bezos sold 2,996,362 shares on November 8th at an average price of $208.85, amounting to about $625,790,203.70, resulting in a 0.33% drop in his ownership. In the past ninety days, insiders have sold 6,026,683 shares valued at $1,252,148,795. Currently, insiders own approximately 10.80% of the company’s stock.

Investor Activity

Recent adjustments from large investors show shifts in their positions in Amazon. For instance, Semus Wealth Partners LLC increased its stake by 0.3% in the third quarter, now owning 17,920 shares valued at $3,339,000 after acquiring 49 additional shares. Similarly, Bell Investment Advisors Inc expanded its holdings by 1.5% during the same period, now possessing 3,359 shares worth $626,000 after a purchase of 51 shares. Garrison Point Advisors LLC and Meridian Investment Counsel Inc. also made modest increases in their share counts. Institutional investors, including hedge funds, collectively own about 72.20% of Amazon's stock.

About Amazon.com

Amazon.com, Inc. is involved in the online and physical retail of consumer products, advertising, and subscription services mainly in North America and internationally. The company operates through three segments: North America, International, and Amazon Web Services (AWS). Besides retail, Amazon also produces and sells electronic devices such as Kindle e-readers, Fire tablets, Fire TVs, Echo smart speakers, Ring security cameras, Blink cameras, and eero Wi-Fi devices, along with developing media content.

Amazon, Stock, Earnings