Amazon.com (NASDAQ:AMZN) Shares Up 3.6% - Should You Buy?

Amazon.com, Inc. (NASDAQ:AMZN) shot up 3.6% during mid-day trading on Tuesday . The company traded as high as $172.56 and last traded at $173.40. 12,263,005 shares traded hands during trading, a decline of 71% from the average session volume of 41,645,117 shares. The stock had previously closed at $167.32.

Analyst Ratings Changes

A number of equities research analysts have weighed in on AMZN shares. Telsey Advisory Group lowered their price target on Amazon.com from $275.00 to $235.00 and set an "outperform" rating on the stock in a research report on Wednesday. Mizuho dropped their target price on Amazon.com from $285.00 to $255.00 and set an "outperform" rating for the company in a research report on Wednesday, April 9th. Westpark Capital initiated coverage on Amazon.com in a research note on Tuesday, April 1st. They issued a "buy" rating and a $280.00 target price for the company. Royal Bank of Canada lifted their price target on shares of Amazon.com from $255.00 to $265.00 and gave the stock an "outperform" rating in a research note on Friday, February 7th. Finally, Jefferies Financial Group cut their price objective on shares of Amazon.com from $250.00 to $240.00 and set a "buy" rating for the company in a research note on Tuesday. Two analysts have rated the stock with a hold rating and forty-five have given a buy rating to the company's stock. According to data from MarketBeat.com, Amazon.com has an average rating of "Moderate Buy" and an average price target of $247.56.

Amazon.com Stock Up 0.0 %

The company has a debt-to-equity ratio of 0.18, a current ratio of 1.06 and a quick ratio of 0.87. The company has a market cap of $1.98 trillion, a price-to-earnings ratio of 33.83, a P/E/G ratio of 1.50 and a beta of 1.39. The firm's 50 day simple moving average is $194.27 and its 200-day simple moving average is $207.70.

Amazon.com (NASDAQ:AMZN - Get Free Report) last announced its earnings results on Thursday, February 6th. The e-commerce giant reported $1.86 EPS for the quarter, beating analysts' consensus estimates of $1.52 by $0.34. Amazon.com had a net margin of 9.29% and a return on equity of 24.25%. As a group, sell-side analysts anticipate that Amazon.com, Inc. will post 6.31 earnings per share for the current year.

Insider Buying and Selling at Amazon.com

In other Amazon.com news, CFO Brian T. Olsavsky sold 14,620 shares of the firm's stock in a transaction dated Friday, February 21st. The shares were sold at an average price of $223.14, for a total transaction of $3,262,306.80. Following the sale, the chief financial officer now directly owns 49,000 shares of the company's stock, valued at $10,933,860. This trade represents a 22.98 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Douglas J. Herrington sold 5,501 shares of Amazon.com stock in a transaction that occurred on Tuesday, February 18th. The stock was sold at an average price of $228.44, for a total transaction of $1,256,648.44. Following the completion of the sale, the chief executive officer now directly owns 505,318 shares of the company's stock, valued at $115,434,843.92. The trade was a 1.08 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 104,798 shares of company stock valued at $23,341,803. 10.80% of the stock is owned by company insiders.

Hedge Funds Weigh In On Amazon.com

A number of hedge funds have recently made changes to their positions in the stock. Buttonwood Financial Advisors Inc. lifted its stake in shares of Amazon.com by 0.5% in the 1st quarter. Buttonwood Financial Advisors Inc. now owns 23,403 shares of the e-commerce giant's stock valued at $4,453,000 after purchasing an additional 113 shares in the last quarter. Waterfront Wealth Inc. lifted its position in Amazon.com by 4.3% during the first quarter. Waterfront Wealth Inc. now owns 16,208 shares of the e-commerce giant's stock valued at $3,084,000 after buying an additional 674 shares in the last quarter. Strid Group LLC grew its stake in Amazon.com by 14.0% during the first quarter. Strid Group LLC now owns 759 shares of the e-commerce giant's stock worth $144,000 after buying an additional 93 shares during the period. Hobbs Wealth Management LLC increased its position in shares of Amazon.com by 17.9% in the first quarter. Hobbs Wealth Management LLC now owns 3,742 shares of the e-commerce giant's stock worth $712,000 after acquiring an additional 567 shares in the last quarter. Finally, Mmbg Investment Advisors CO. raised its stake in shares of Amazon.com by 8.1% in the 1st quarter. Mmbg Investment Advisors CO. now owns 368,654 shares of the e-commerce giant's stock valued at $70,140,000 after acquiring an additional 27,664 shares during the period. 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.