Amazon.com (NASDAQ:AMZN) Stock Price Up 1.9% – Still a Buy?

Amazon.com, Inc. (NASDAQ:AMZN)’s stock price was up 1.9% during trading on Monday . The stock traded as high as $212.99 and last traded at $211.88. Approximately 11,018,829 shares changed hands during trading, a decline of 73% from the average daily volume of 41,282,156 shares. The stock had previously closed at $207.89.

Analysts Set New Price Targets

Several equities research analysts have recently commented on AMZN shares. Susquehanna lifted their price target on shares of Amazon.com from $220.00 to $230.00 and gave the stock a “positive” rating in a research report on Friday, November 1st. Royal Bank of Canada boosted their price objective on shares of Amazon.com from $215.00 to $225.00 and gave the company an “outperform” rating in a report on Friday, November 1st. Benchmark boosted their price objective on shares of Amazon.com from $200.00 to $215.00 and gave the company a “buy” rating in a report on Friday, November 1st. Telsey Advisory Group boosted their price objective on shares of Amazon.com from $215.00 to $235.00 and gave the company an “outperform” rating in a report on Friday, November 1st. Finally, Monness Crespi & Hardt boosted their price objective on shares of Amazon.com from $225.00 to $245.00 and gave the company a “buy” rating in a report on Friday, November 1st. Two equities research analysts have rated the stock with a hold rating, forty-one have issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $236.20.

Amazon.com Stock Performance

The stock has a 50 day simple moving average of $195.51 and a 200 day simple moving average of $187.34. The company has a current ratio of 1.09, a quick ratio of 0.87 and a debt-to-equity ratio of 0.21. The stock has a market cap of $2.24 trillion, a P/E ratio of 45.70, a price-to-earnings-growth ratio of 1.41 and a beta of 1.16.

Amazon.com (NASDAQ:AMZN) last posted its quarterly earnings data on Thursday, October 31st. The e-commerce giant reported $1.43 EPS for the quarter, topping 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 firm had revenue of $158.88 billion for the quarter, compared to analyst estimates of $157.28 billion. During the same quarter last year, the company earned $0.85 EPS. The company’s revenue was up 11.0% on a year-over-year basis. On average, equities analysts expect that Amazon.com, Inc. will post 5.29 earnings per share for the current year.

Insiders Place Their Bets

In other news, SVP David Zapolsky sold 2,190 shares of Amazon.com stock in a transaction on Tuesday, September 24th. The stock was sold at an average price of $195.00, for a total value of $427,050.00. Following the transaction, the senior vice president now owns 62,420 shares in the company, valued at approximately $12,171,900. This trade represents a 3.39 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Jonathan Rubinstein sold 4,766 shares of Amazon.com stock in a transaction on Thursday, November 7th. The shares were sold at an average price of $209.85, for a total value of $1,000,145.10. Following the completion of the transaction, the director now owns 94,630 shares in the company, valued at approximately $19,858,105.50. The trade was a 4.79 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 6,026,683 shares of company stock worth $1,252,148,795 in the last 90 days. Company insiders own 10.80% of the company’s stock.

Hedge Funds Weigh In On Amazon.com

Several hedge funds and other institutional investors have recently modified their holdings of AMZN. China Universal Asset Management Co. Ltd. boosted its holdings in shares of Amazon.com by 31.6% during the 1st quarter. China Universal Asset Management Co. Ltd. now owns 182,359 shares of the e-commerce giant’s stock valued at $32,894,000 after acquiring an additional 43,759 shares in the last quarter. Quent Capital LLC boosted its holdings in shares of Amazon.com by 3.3% during the 1st quarter. Quent Capital LLC now owns 33,729 shares of the e-commerce giant’s stock valued at $6,084,000 after acquiring an additional 1,081 shares in the last quarter. NWK Group Inc. boosted its holdings in shares of Amazon.com by 2.2% during the 1st quarter. NWK Group Inc. now owns 69,472 shares of the e-commerce giant’s stock valued at $12,531,000 after acquiring an additional 1,481 shares in the last quarter. Orion Capital Management LLC boosted its holdings in shares of Amazon.com by 2.4% during the 1st quarter. Orion Capital Management LLC now owns 30,729 shares of the e-commerce giant’s stock valued at $5,542,000 after acquiring an additional 715 shares in the last quarter. Finally, Hillsdale Investment Management Inc. boosted its holdings in shares of Amazon.com by 3.8% during the 1st quarter. Hillsdale Investment Management Inc. now owns 13,424 shares of the e-commerce giant’s stock valued at $2,421,000 after acquiring an additional 486 shares in the last quarter. 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.