Amazon.com (NASDAQ:AMZN) Shares Up 0.1% – Should You Buy?

Amazon.com, Inc. (NASDAQ:AMZN)’s stock price was up 0.1% during trading on Wednesday . The stock traded as high as $194.29 and last traded at $193.07. Approximately 8,049,307 shares were traded during trading, a decline of 79% from the average daily volume of 38,115,899 shares. The stock had previously closed at $192.82.

Analysts Set New Price Targets

Several equities analysts have recently weighed in on the company. JMP Securities reaffirmed a “market outperform” rating and issued a $285.00 price objective on shares of Amazon.com in a research note on Friday, February 7th. Robert W. Baird raised their target price on shares of Amazon.com from $220.00 to $260.00 and gave the company an “outperform” rating in a research note on Friday, December 13th. Moffett Nathanson raised their price objective on Amazon.com from $235.00 to $248.00 and gave the company a “buy” rating in a research report on Tuesday, November 26th. BMO Capital Markets reiterated an “outperform” rating and issued a $236.00 target price on shares of Amazon.com in a research note on Tuesday, December 3rd. Finally, The Goldman Sachs Group boosted their price target on Amazon.com from $240.00 to $255.00 and gave the stock a “buy” rating in a research report on Friday, February 7th. Two analysts have rated the stock with a hold rating, forty-two have given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, Amazon.com currently has a consensus rating of “Moderate Buy” and a consensus target price of $260.65.

Amazon.com Trading Up 0.0 %

The firm’s 50-day simple moving average is $220.43 and its 200 day simple moving average is $208.02. The stock has a market cap of $2.04 trillion, a P/E ratio of 34.89, a PEG ratio of 1.50 and a beta of 1.19. The company has a current ratio of 1.06, a quick ratio of 0.87 and a debt-to-equity ratio of 0.18.

Amazon.com (NASDAQ:AMZN) last posted its earnings results on Thursday, February 6th. The e-commerce giant reported $1.86 EPS for the quarter, beating the consensus estimate 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, equities research analysts anticipate that Amazon.com, Inc. will post 6.31 earnings per share for the current year.

Insider Buying and Selling

In other Amazon.com news, CEO Douglas J. Herrington sold 27,500 shares of the company’s stock in a transaction that occurred on Wednesday, February 12th. The stock was sold at an average price of $230.27, for a total value of $6,332,425.00. Following the completion of the sale, the chief executive officer now directly owns 497,067 shares in the company, valued at $114,459,618.09. This represents a 5.24 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CEO Andrew R. Jassy sold 20,784 shares of the business’s stock in a transaction on Friday, February 21st. The stock was sold at an average price of $220.65, for a total value of $4,585,989.60. Following the completion of the sale, the chief executive officer now directly owns 2,118,886 shares in the company, valued at $467,532,195.90. This represents a 0.97 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 102,298 shares of company stock valued at $22,871,828 over the last 90 days. 10.80% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Amazon.com

Institutional investors and hedge funds have recently modified their holdings of the business. Cable Hill Partners LLC lifted its holdings in shares of 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 buying an additional 44 shares during the last quarter. Quattro Financial Advisors LLC boosted its holdings in Amazon.com by 23.8% in the 4th quarter. Quattro Financial Advisors LLC now owns 234 shares of the e-commerce giant’s stock valued at $51,000 after purchasing an additional 45 shares during the period. Northern Capital Management Inc. grew its position in Amazon.com by 0.6% in the 4th quarter. Northern Capital Management Inc. now owns 7,353 shares of the e-commerce giant’s stock worth $1,613,000 after purchasing an additional 45 shares during the last quarter. White Wing Wealth Management increased its holdings in shares of Amazon.com by 2.4% during the 4th quarter. White Wing Wealth Management now owns 1,972 shares of the e-commerce giant’s stock worth $433,000 after purchasing an additional 47 shares during the period. Finally, MBM Wealth Consultants LLC grew its holdings in shares of Amazon.com by 0.6% during the 4th quarter. MBM Wealth Consultants LLC now owns 8,578 shares of the e-commerce giant’s stock worth $1,889,000 after purchasing an additional 48 shares in the last quarter. Institutional investors and hedge funds 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.