Amazon.com (NASDAQ:AMZN) Shares Up 2.3% - Still a Buy?

Amazon.com, Inc. (NASDAQ:AMZN) shares shot up 2.3% during trading on Tuesday . The stock traded as high as $185.90 and last traded at $179.37. 28,537,171 shares traded hands during mid-day trading, a decline of 34% from the average session volume of 43,175,574 shares. The stock had previously closed at $175.26.

Analysts Set New Price Targets

A number of research firms have issued reports on AMZN. Bank of America decreased their price target on shares of Amazon.com from $257.00 to $225.00 and set a "buy" rating for the company in a report on Wednesday. Barclays increased their target price on Amazon.com from $235.00 to $265.00 and gave the company an "overweight" rating in a research note on Friday, February 7th. Citigroup reaffirmed a "buy" rating on shares of Amazon.com in a research report on Thursday, April 3rd. Robert W. Baird increased their price objective on Amazon.com from $220.00 to $260.00 and gave the company an "outperform" rating in a research report on Friday, December 13th. Finally, JPMorgan Chase & Co. lowered their price objective on shares of Amazon.com from $270.00 to $220.00 and set an "overweight" rating on the stock in a research note on Tuesday. Two investment analysts have rated the stock with a hold rating, forty-three have assigned a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $258.19.

Amazon.com Price Performance

The company has a market capitalization of $1.96 trillion, a price-to-earnings ratio of 33.43, a PEG ratio of 1.50 and a beta of 1.39. The company has a current ratio of 1.06, a quick ratio of 0.87 and a debt-to-equity ratio of 0.18. The company has a 50 day moving average price of $204.23 and a 200 day moving average price of $208.42.

Amazon.com (NASDAQ:AMZN - Get Free Report) last announced its quarterly earnings data on Thursday, February 6th. The e-commerce giant reported $1.86 earnings per share for the quarter, topping 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 forecast that Amazon.com, Inc. will post 6.31 earnings per share for the current year.

Insider Activity at Amazon.com

In other Amazon.com news, CEO Andrew R. Jassy sold 20,784 shares of Amazon.com stock in a transaction dated Friday, February 21st. The stock was sold at an average price of $220.65, for a total transaction of $4,585,989.60. Following the transaction, the chief executive officer now directly owns 2,118,886 shares in the company, valued at approximately $467,532,195.90. The trade was a 0.97 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CEO Douglas J. Herrington sold 5,501 shares of Amazon.com stock in a transaction dated Tuesday, February 18th. The shares were sold at an average price of $228.44, for a total value of $1,256,648.44. Following the transaction, the chief executive officer now owns 505,318 shares in the company, valued at $115,434,843.92. This trade represents a 1.08 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 104,798 shares of company stock worth $23,341,803 over the last ninety days. Company insiders own 10.80% of the company's stock.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the business. Castlekeep Investment Advisors LLC bought a new stake in shares of Amazon.com during the 4th quarter worth approximately $25,000. Accordant Advisory Group Inc raised its position in Amazon.com by 400.0% during the fourth 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 in the last quarter. Prudent Man Investment Management Inc. acquired a new stake in Amazon.com in the fourth quarter valued at $27,000. Icon Wealth Advisors LLC grew its position in shares of 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 valued at $28,000 after acquiring an additional 25,581 shares during the period. Finally, LSV Asset Management acquired a new position in shares of Amazon.com during the 4th quarter worth about $35,000. Institutional investors and hedge funds 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.