Amazon.com (NASDAQ:AMZN) Shares Down 2.4% – Here’s Why

20 Mar 2025, 08:00 by Doug Wharley · The Cerbat Gem

Amazon.com, Inc. (NASDAQ:AMZN)’s share price traded down 2.4% on Tuesday . The company traded as low as $189.38 and last traded at $191.13. 14,203,940 shares changed hands during mid-day trading, a decline of 63% from the average session volume of 38,115,478 shares. The stock had previously closed at $195.74.

Analyst Upgrades and Downgrades

A number of analysts recently weighed in on the stock. Canaccord Genuity Group reissued a “buy” rating on shares of Amazon.com in a research report on Thursday, February 13th. Piper Sandler reaffirmed an “overweight” rating and set a $265.00 target price (up from $225.00) on shares of Amazon.com in a research report on Friday, February 7th. UBS Group raised their target price on shares of Amazon.com from $230.00 to $264.00 and gave the stock a “buy” rating in a research report on Monday, December 16th. Oppenheimer raised their target price on shares of Amazon.com from $230.00 to $260.00 and gave the stock an “outperform” rating in a research report on Friday, February 7th. Finally, JPMorgan Chase & Co. raised their target price on shares of Amazon.com from $250.00 to $280.00 and gave the stock an “overweight” rating in a research report on Wednesday, December 18th. Two investment analysts have rated the stock with a hold rating, forty-two have assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, Amazon.com presently has a consensus rating of “Moderate Buy” and a consensus target price of $260.65.

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Amazon.com Stock Up 1.4 %

The company has a debt-to-equity ratio of 0.18, a current ratio of 1.06 and a quick ratio of 0.87. The business’s fifty day simple moving average is $219.90 and its two-hundred day simple moving average is $207.94. The company has a market cap of $2.07 trillion, a PE ratio of 35.36, a PEG ratio of 1.50 and a beta of 1.19.

Amazon.com (NASDAQ:AMZN – Get Free Report) last released its quarterly earnings data on Thursday, February 6th. The e-commerce giant reported $1.86 earnings per share for the quarter, beating analysts’ consensus estimates of $1.52 by $0.34. Amazon.com had a net margin of 9.29% and a return on equity of 24.25%. On average, analysts predict that Amazon.com, Inc. will post 6.31 earnings per share for the current year.

Insider Buying and Selling at Amazon.com

In other news, VP Shelley Reynolds sold 8,833 shares of the business’s stock in a transaction dated Friday, February 21st. The shares were sold at an average price of $222.47, for a total transaction of $1,965,077.51. Following the completion of the sale, the vice president now owns 119,780 shares of the company’s stock, valued at $26,647,456.60. The trade was a 6.87 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, SVP David Zapolsky sold 5,848 shares of the business’s stock in a transaction dated Friday, February 21st. The stock was sold at an average price of $220.72, for a total transaction of $1,290,770.56. Following the sale, the senior vice president now directly owns 69,162 shares of the company’s stock, valued at $15,265,436.64. This represents a 7.80 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 102,298 shares of company stock valued at $22,871,828. Corporate insiders own 10.80% of the company’s stock.

Hedge Funds Weigh In On Amazon.com

A number of institutional investors and hedge funds have recently bought and sold shares of the business. Cable Hill Partners LLC boosted its position in Amazon.com by 0.5% during the fourth quarter. Cable Hill Partners LLC now owns 9,588 shares of the e-commerce giant’s stock worth $2,104,000 after acquiring an additional 44 shares during the last quarter. Quattro Financial Advisors LLC boosted its position in Amazon.com by 23.8% during the fourth quarter. Quattro Financial Advisors LLC now owns 234 shares of the e-commerce giant’s stock worth $51,000 after acquiring an additional 45 shares during the last quarter. Northern Capital Management Inc. boosted its position in Amazon.com by 0.6% during the fourth quarter. Northern Capital Management Inc. now owns 7,353 shares of the e-commerce giant’s stock worth $1,613,000 after acquiring an additional 45 shares during the last quarter. White Wing Wealth Management boosted its position in Amazon.com by 2.4% during the fourth quarter. White Wing Wealth Management now owns 1,972 shares of the e-commerce giant’s stock worth $433,000 after acquiring an additional 47 shares during the last quarter. Finally, MBM Wealth Consultants LLC boosted its position in Amazon.com by 0.6% during the fourth quarter. MBM Wealth Consultants LLC now owns 8,578 shares of the e-commerce giant’s stock worth $1,889,000 after acquiring an additional 48 shares during the last quarter. 72.20% of the stock is currently owned by institutional investors and hedge funds.

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