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

Amazon.com, Inc. (NASDAQ:AMZN) traded up 0.1% during mid-day trading on Tuesday . The company traded as high as $201.89 and last traded at $201.82. 7,027,844 shares traded hands during trading, a decline of 83% from the average session volume of 41,453,906 shares. The stock had previously closed at $201.70.

Analyst Ratings Changes

A number of equities research analysts have recently commented on the company. Morgan Stanley lifted their target price on Amazon.com from $210.00 to $230.00 and gave the stock an “overweight” rating in a research note on Monday, November 4th. Jefferies Financial Group raised their target price on Amazon.com from $225.00 to $235.00 and gave the stock a “buy” rating in a research note on Friday, November 1st. Wedbush upped their price target on Amazon.com from $225.00 to $250.00 and gave the company an “outperform” rating in a research report on Friday, November 1st. Susquehanna raised their price objective on shares of Amazon.com from $220.00 to $230.00 and gave the company a “positive” rating in a research report on Friday, November 1st. Finally, TD Cowen increased their target price on shares of Amazon.com from $230.00 to $240.00 and gave the stock a “buy” rating in a research note on Friday, November 1st. Two equities research analysts have rated the stock with a hold rating, forty have issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, Amazon.com presently has a consensus rating of “Moderate Buy” and an average target price of $235.45.

Amazon.com Stock Up 1.3 %

The business’s fifty day moving average price is $191.69 and its 200 day moving average price is $185.93. The firm has a market capitalization of $2.15 trillion, a price-to-earnings ratio of 43.22, a PEG ratio of 1.36 and a beta of 1.14. The company has a current ratio of 1.09, a quick ratio of 0.87 and a debt-to-equity ratio of 0.21.

Amazon.com (NASDAQ:AMZN) last announced its earnings results on Thursday, October 31st. The e-commerce giant reported $1.43 EPS for the quarter, beating analysts’ consensus estimates of $1.14 by $0.29. Amazon.com had a net margin of 8.04% and a return on equity of 22.41%. The business had revenue of $158.88 billion during the quarter, compared to analysts’ expectations of $157.28 billion. During the same period in the prior year, the company earned $0.85 earnings per share. The business’s revenue was up 11.0% compared to the same quarter last year. On average, equities analysts expect that Amazon.com, Inc. will post 5.27 EPS for the current year.

Insider Buying and Selling at Amazon.com

In other Amazon.com news, CFO Brian T. Olsavsky sold 14,600 shares of the company’s stock in a transaction dated Wednesday, August 21st. The shares were sold at an average price of $180.00, for a total value of $2,628,000.00. Following the sale, the chief financial officer now owns 49,000 shares of the company’s stock, valued at $8,820,000. This represents a 22.96 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, SVP David Zapolsky sold 2,190 shares of the company’s stock in a transaction on Tuesday, September 24th. The shares were sold at an average price of $195.00, for a total value of $427,050.00. Following the completion of the sale, the senior vice president now owns 62,420 shares in the company, valued at $12,171,900. This represents a 3.39 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 6,053,349 shares of company stock worth $1,256,503,289. 10.80% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Amazon.com

Several hedge funds have recently made changes to their positions in the business. China Universal Asset Management Co. Ltd. lifted its stake in shares of Amazon.com by 31.6% during the first quarter. China Universal Asset Management Co. Ltd. now owns 182,359 shares of the e-commerce giant’s stock worth $32,894,000 after purchasing an additional 43,759 shares in the last quarter. Quent Capital LLC lifted its position in shares of Amazon.com by 3.3% during the first quarter. Quent Capital LLC now owns 33,729 shares of the e-commerce giant’s stock worth $6,084,000 after purchasing an additional 1,081 shares in the last quarter. Pittenger & Anderson Inc. boosted its stake in shares of Amazon.com by 1.6% in the first quarter. Pittenger & Anderson Inc. now owns 201,991 shares of the e-commerce giant’s stock valued at $36,435,000 after purchasing an additional 3,094 shares during the period. Haverford Trust Co grew its holdings in Amazon.com by 2.4% during the 1st quarter. Haverford Trust Co now owns 66,778 shares of the e-commerce giant’s stock valued at $12,045,000 after purchasing an additional 1,555 shares in the last quarter. Finally, Graypoint LLC lifted its holdings in Amazon.com by 9.4% in the 1st quarter. Graypoint LLC now owns 80,620 shares of the e-commerce giant’s stock worth $14,542,000 after buying an additional 6,929 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.