Amazon.com (NASDAQ:AMZN) Trading Up 2.1% – Time to Buy?

Shares of Amazon.com, Inc. (NASDAQ:AMZN) were up 2.1% during trading on Tuesday . The company traded as high as $241.13 and last traded at $240.46. Approximately 14,694,806 shares were traded during mid-day trading, a decline of 53% from the average daily volume of 31,094,520 shares. The stock had previously closed at $235.42.

Analyst Upgrades and Downgrades

AMZN has been the topic of several recent analyst reports. Wedbush reiterated an “outperform” rating and issued a $280.00 target price (up from $260.00) on shares of Amazon.com in a research note on Monday. Wells Fargo & Company boosted their target price on Amazon.com from $197.00 to $212.00 and gave the stock an “equal weight” rating in a research report on Tuesday, January 14th. Maxim Group raised their price target on Amazon.com from $251.00 to $260.00 and gave the company a “buy” rating in a report on Friday, November 1st. DA Davidson reiterated a “buy” rating and set a $235.00 price target on shares of Amazon.com in a research report on Thursday, October 10th. Finally, 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. 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. Based on data from MarketBeat.com, Amazon.com presently has a consensus rating of “Moderate Buy” and a consensus target price of $249.46.

Amazon.com Stock Down 1.0 %

The company has a quick ratio of 0.87, a current ratio of 1.09 and a debt-to-equity ratio of 0.21. The company’s fifty day moving average price is $222.30 and its 200-day moving average price is $198.30. The stock has a market capitalization of $2.47 trillion, a PE ratio of 50.24, a price-to-earnings-growth ratio of 1.31 and a beta of 1.14.

Amazon.com (NASDAQ:AMZN) last announced its quarterly earnings data on Thursday, October 31st. The e-commerce giant reported $1.43 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.14 by $0.29. Amazon.com had a return on equity of 22.41% and a net margin of 8.04%. The business had revenue of $158.88 billion during the quarter, compared to analysts’ expectations of $157.28 billion. During the same quarter in the previous year, the business earned $0.85 earnings per share. The firm’s quarterly revenue was up 11.0% compared to the same quarter last year. Analysts forecast that Amazon.com, Inc. will post 5.39 earnings per share for the current year.

Insider Activity

In related news, Director Jonathan Rubinstein sold 5,004 shares of the firm’s stock in a transaction that occurred on Friday, November 1st. The shares were sold at an average price of $199.85, for a total transaction of $1,000,049.40. Following the completion of the sale, the director now owns 99,396 shares of the company’s stock, valued at $19,864,290.60. This trade represents a 4.79 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Daniel P. Huttenlocher sold 1,237 shares of the company’s stock in a transaction that occurred on Tuesday, November 19th. The shares were sold at an average price of $199.06, for a total value of $246,237.22. Following the completion of the transaction, the director now directly owns 24,912 shares in the company, valued at $4,958,982.72. This trade represents a 4.73 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 6,032,344 shares of company stock worth $1,253,456,822 over the last three months. 10.80% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Amazon.com

Hedge funds have recently bought and sold shares of the business. Accordant Advisory Group Inc boosted its holdings in Amazon.com by 400.0% in the fourth quarter. Accordant Advisory Group Inc now owns 125 shares of the e-commerce giant’s stock worth $27,000 after purchasing an additional 100 shares during the last quarter. Icon Wealth Advisors LLC increased its holdings in Amazon.com by 20.5% in the 3rd quarter. Icon Wealth Advisors LLC now owns 150,661 shares of the e-commerce giant’s stock worth $28,000 after acquiring an additional 25,581 shares in the last quarter. Hoese & Co LLP purchased a new stake in shares of Amazon.com in the third quarter worth $37,000. Bull Oak Capital LLC bought a new stake in shares of Amazon.com during the 3rd quarter valued at $45,000. Finally, Quattro Financial Advisors LLC lifted its stake in shares of Amazon.com by 23.8% during the 4th quarter. Quattro Financial Advisors LLC now owns 234 shares of the e-commerce giant’s stock valued at $51,000 after buying an additional 45 shares in the last quarter. Hedge funds and other 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.