Amazon.com (NASDAQ:AMZN) Trading Up 0.1% - Should You Buy?

Shares of Amazon.com, Inc. (NASDAQ:AMZN) were up 0.1% during mid-day trading on Wednesday . The company traded as high as $192.99 and last traded at $192.43. Approximately 8,922,378 shares were traded during trading, a decline of 78% from the average daily volume of 39,856,100 shares. The stock had previously closed at $192.17.

Wall Street Analyst Weigh In

AMZN has been the subject of several research analyst reports. JPMorgan Chase & Co. boosted their price objective on shares of Amazon.com from $250.00 to $280.00 and gave the stock an "overweight" rating in a research report on Wednesday, December 18th. Stifel Nicolaus upped their price target on Amazon.com from $245.00 to $275.00 and gave the company a "buy" rating in a research note on Friday, February 7th. Royal Bank of Canada lifted their price objective on Amazon.com from $255.00 to $265.00 and gave the stock an "outperform" rating in a research report on Friday, February 7th. Wedbush restated an "outperform" rating and set a $280.00 target price on shares of Amazon.com in a research report on Friday, February 7th. Finally, Piper Sandler reiterated an "overweight" rating and set a $265.00 price target (up previously from $225.00) on shares of Amazon.com in a research report on Friday, February 7th. Two research analysts have rated the stock with a hold rating, forty-three have assigned a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average target price of $260.53.

Amazon.com Stock Performance

The stock has a market capitalization of $1.81 trillion, a P/E ratio of 30.92, a P/E/G ratio of 1.50 and a beta of 1.39. The company has a quick ratio of 0.87, a current ratio of 1.06 and a debt-to-equity ratio of 0.18. The stock has a 50 day simple moving average of $212.18 and a two-hundred day simple moving average of $208.91.

Amazon.com (NASDAQ:AMZN - Get Free Report) last issued its earnings results on Thursday, February 6th. The e-commerce giant reported $1.86 earnings per share for the quarter, topping 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%. On average, equities analysts forecast that Amazon.com, Inc. will post 6.31 EPS for the current fiscal year.

Insider Activity at Amazon.com

In other Amazon.com news, CEO Douglas J. Herrington sold 27,500 shares of Amazon.com stock in a transaction on Wednesday, February 12th. The shares were sold at an average price of $230.27, for a total transaction of $6,332,425.00. Following the completion of the transaction, the chief executive officer now directly owns 497,067 shares of the company's stock, valued at $114,459,618.09. The trade was a 5.24 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CFO Brian T. Olsavsky sold 14,620 shares of the 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 completion of the transaction, the chief financial officer now directly owns 49,000 shares in the company, valued at $10,933,860. The trade was a 22.98 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 104,798 shares of company stock worth $23,341,803. Insiders own 10.80% of the company's stock.

Hedge Funds Weigh In On Amazon.com

Several institutional investors and hedge funds have recently made changes to their positions in AMZN. Castlekeep Investment Advisors LLC bought a new stake in shares of Amazon.com in the fourth quarter valued at approximately $25,000. Accordant Advisory Group Inc lifted its stake 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 purchasing an additional 100 shares during the last quarter. Prudent Man Investment Management Inc. acquired a new stake in shares of Amazon.com in the 4th quarter valued at $27,000. Icon Wealth Advisors LLC increased its stake 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 purchasing an additional 25,581 shares during the last quarter. Finally, LSV Asset Management acquired a new position in shares of Amazon.com during the 4th quarter worth $35,000. 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.