Amazon.com (NASDAQ:AMZN) Shares Up 0.1% – Time to Buy?

Amazon.com, Inc. (NASDAQ:AMZN)’s share price shot up 0.1% during mid-day trading on Friday . The company traded as high as $195.74 and last traded at $195.12. 15,302,221 shares changed hands during trading, a decline of 60% from the average session volume of 38,226,725 shares. The stock had previously closed at $194.95.

Analyst Upgrades and Downgrades

A number of research firms have issued reports on AMZN. Needham & Company LLC restated a “buy” rating and set a $250.00 target price on shares of Amazon.com in a research report on Friday, February 7th. Stifel Nicolaus increased their price target on shares of Amazon.com from $245.00 to $275.00 and gave the company a “buy” rating in a research report on Friday, February 7th. Wells Fargo & Company cut their price target on shares of Amazon.com from $207.00 to $203.00 and set an “equal weight” rating on the stock in a research report on Tuesday, February 25th. Citigroup reiterated a “buy” rating on shares of Amazon.com in a research report on Thursday, February 13th. Finally, Robert W. Baird increased their price target on shares of Amazon.com from $220.00 to $260.00 and gave the company an “outperform” rating in a research report on Friday, December 13th. Two equities research analysts have rated the stock with a hold rating, forty-two have issued a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $260.65.

Amazon.com Stock Performance

The firm has a market cap of $2.08 trillion, a price-to-earnings ratio of 35.48, a P/E/G ratio of 1.50 and a beta of 1.19. The stock has a 50 day moving average of $218.90 and a 200 day moving average of $208.19. The company has a quick ratio of 0.87, a current ratio of 1.06 and a debt-to-equity ratio of 0.18.

Amazon.com (NASDAQ:AMZN) last posted its quarterly earnings results on Thursday, February 6th. The e-commerce giant reported $1.86 EPS for the quarter, beating analysts’ consensus estimates of $1.52 by $0.34. Amazon.com had a return on equity of 24.25% and a net margin of 9.29%. As a group, analysts anticipate that Amazon.com, Inc. will post 6.31 EPS for the current fiscal year.

Insider Buying and Selling at Amazon.com

In other Amazon.com news, SVP David Zapolsky sold 19,212 shares of Amazon.com stock in a transaction dated Monday, February 24th. The stock was sold at an average price of $217.50, for a total value of $4,178,610.00. Following the transaction, the senior vice president now owns 49,950 shares in the company, valued at $10,864,125. The trade was a 27.78 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, CEO Douglas J. Herrington sold 27,500 shares of Amazon.com stock in a transaction dated Wednesday, February 12th. The shares were sold at an average price of $230.27, for a total value of $6,332,425.00. Following the completion of the transaction, the chief executive officer now owns 497,067 shares in the company, valued at approximately $114,459,618.09. This represents a 5.24 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 102,298 shares of company stock worth $22,871,828 over the last 90 days. Insiders own 10.80% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Prostatis Group LLC grew its position in Amazon.com by 8.4% in the fourth quarter. Prostatis Group LLC now owns 13,766 shares of the e-commerce giant’s stock valued at $3,020,000 after acquiring an additional 1,071 shares during the last quarter. Nestegg Advisors Inc. bought a new stake in shares of Amazon.com during the fourth quarter worth about $303,000. Fairtree Asset Management Pty Ltd bought a new stake in shares of Amazon.com during the fourth quarter worth about $3,044,000. M1 Capital Management LLC bought a new stake in shares of Amazon.com during the fourth quarter worth about $2,307,000. Finally, DSG Capital Advisors LLC bought a new stake in shares of Amazon.com during the fourth quarter worth about $10,526,000. 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.