Amazon.com (NASDAQ:AMZN) Stock Price Up 1.7% – Time to Buy?

Amazon.com, Inc. (NASDAQ:AMZN) shares rose 1.7% on Friday . The stock traded as high as $198.57 and last traded at $197.20. Approximately 12,037,390 shares traded hands during mid-day trading, a decline of 69% from the average daily volume of 38,236,316 shares. The stock had previously closed at $193.89.

Analyst Upgrades and Downgrades

AMZN has been the subject of several research analyst reports. Redburn Atlantic lifted their price target on shares of Amazon.com from $225.00 to $235.00 and gave the company a “buy” rating in a research note on Tuesday, November 26th. Cantor Fitzgerald reissued an “overweight” rating and set a $270.00 target price on shares of Amazon.com in a research report on Friday, February 7th. Mizuho boosted their target price on shares of Amazon.com from $240.00 to $260.00 and gave the stock an “outperform” rating in a research report on Tuesday, December 10th. Moffett Nathanson boosted their target price on shares of Amazon.com from $235.00 to $248.00 and gave the stock a “buy” rating in a research report on Tuesday, November 26th. Finally, Piper Sandler reissued 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. Two investment 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’s stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $260.65.

Amazon.com Stock Up 2.1 %

The company’s 50 day simple moving average is $221.65 and its 200-day simple moving average is $207.50. The firm has a market capitalization of $2.10 trillion, a PE ratio of 35.80, a PEG ratio of 1.50 and a beta of 1.19. The company has a debt-to-equity ratio of 0.18, a quick ratio of 0.87 and a current ratio of 1.06.

Amazon.com (NASDAQ:AMZN) last issued its quarterly earnings results on Thursday, February 6th. The e-commerce giant reported $1.86 EPS for the quarter, topping 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 forecast that Amazon.com, Inc. will post 6.31 EPS for the current fiscal year.

Insider Transactions at Amazon.com

In related news, VP Shelley Reynolds sold 8,833 shares of the stock in a transaction on 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 transaction, the vice president now owns 119,780 shares of the company’s stock, valued at approximately $26,647,456.60. This trade represents a 6.87 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Douglas J. Herrington sold 27,500 shares of the stock in a transaction on Wednesday, February 12th. The shares were sold at an average price of $230.27, for a total transaction of $6,332,425.00. Following the transaction, the chief executive officer now directly 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 102,298 shares of company stock valued at $22,871,828 in the last quarter. Insiders own 10.80% of the company’s stock.

Hedge Funds Weigh In On Amazon.com

Institutional investors and hedge funds have recently made changes to their positions in the business. Prudent Man Investment Management Inc. bought a new position in shares of Amazon.com during the 4th quarter valued at $27,000. Accordant Advisory Group Inc grew its holdings in Amazon.com by 400.0% in the 4th quarter. Accordant Advisory Group Inc now owns 125 shares of the e-commerce giant’s stock worth $27,000 after acquiring an additional 100 shares during the last quarter. LSV Asset Management bought a new stake in Amazon.com in the 4th quarter worth $35,000. Perritt Capital Management Inc grew its holdings in Amazon.com by 72.7% in the 4th quarter. Perritt Capital Management Inc now owns 190 shares of the e-commerce giant’s stock worth $42,000 after acquiring an additional 80 shares during the last quarter. Finally, Compass Planning Associates Inc bought a new stake in Amazon.com in the 4th quarter worth $51,000. Institutional investors own 72.20% of the company’s stock.

Amazon.com Company Profile

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.