Amazon.com (NASDAQ:AMZN) Trading Up 0.4% - Time to Buy?

Amazon.com, Inc. (NASDAQ:AMZN)'s share price traded up 0.4% during mid-day trading on Friday . The company traded as high as $187.97 and last traded at $187.36. 10,187,808 shares were traded during mid-day trading, a decline of 76% from the average session volume of 41,850,609 shares. The stock had previously closed at $186.54.

Wall Street Analysts Forecast Growth

A number of analysts recently commented on the company. Piper Sandler reaffirmed an "overweight" rating and issued a $265.00 price target (up previously from $225.00) on shares of Amazon.com in a research note on Friday, February 7th. Phillip Securities downgraded Amazon.com from a "strong-buy" rating to a "moderate buy" rating in a report on Monday, February 10th. Maxim Group upped their price target on Amazon.com from $260.00 to $280.00 and gave the stock a "buy" rating in a research note on Friday, February 7th. Raymond James reaffirmed an "outperform" rating and issued a $195.00 target price (down from $275.00) on shares of Amazon.com in a research report on Monday. Finally, DA Davidson cut their price objective on shares of Amazon.com from $280.00 to $230.00 and set a "buy" rating on the stock in a report on Monday, April 14th. Two equities research analysts have rated the stock with a hold rating and forty-five have assigned a buy rating to the company. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $247.56.

Amazon.com Stock Up 0.2 %

The firm has a 50-day moving average of $194.27 and a two-hundred day moving average of $207.70. The company has a market capitalization of $1.98 trillion, a PE ratio of 33.84, a price-to-earnings-growth 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.

Amazon.com (NASDAQ:AMZN - Get Free Report) last announced its quarterly earnings results on Thursday, February 6th. The e-commerce giant reported $1.86 earnings per share 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%. Equities research analysts predict that Amazon.com, Inc. will post 6.31 earnings per share for the current fiscal year.

Insider Activity

In other Amazon.com news, VP Shelley Reynolds sold 8,833 shares of the business's stock in a transaction on Friday, February 21st. The shares were sold at an average price of $222.47, for a total value of $1,965,077.51. Following the completion of the transaction, the vice president now owns 119,780 shares in the company, valued at $26,647,456.60. The trade was a 6.87 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, CEO Douglas J. Herrington sold 27,500 shares of the stock in a transaction on Wednesday, February 12th. The shares were sold at an average price of $230.27, for a total value of $6,332,425.00. Following the completion of the sale, the chief executive officer now owns 497,067 shares in the company, valued at approximately $114,459,618.09. The trade was a 5.24 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 104,798 shares of company stock valued at $23,341,803. 10.80% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the company. Cable Hill Partners LLC lifted its holdings in shares of Amazon.com by 0.5% during the fourth quarter. Cable Hill Partners LLC now owns 9,588 shares of the e-commerce giant's stock worth $2,104,000 after purchasing an additional 44 shares during the period. Quattro Financial Advisors LLC boosted its holdings in shares of Amazon.com by 23.8% in the fourth quarter. Quattro Financial Advisors LLC now owns 234 shares of the e-commerce giant's stock valued at $51,000 after acquiring an additional 45 shares in the last quarter. Northern Capital Management Inc. lifted its position in Amazon.com by 0.6% in the fourth quarter. Northern Capital Management Inc. now owns 7,353 shares of the e-commerce giant's stock valued at $1,613,000 after purchasing an additional 45 shares during the period. White Wing Wealth Management boosted its holdings in Amazon.com by 2.4% in the 4th quarter. White Wing Wealth Management now owns 1,972 shares of the e-commerce giant's stock valued at $433,000 after purchasing an additional 47 shares in the last quarter. Finally, MBM Wealth Consultants LLC raised its stake in shares of Amazon.com by 0.6% during the 4th quarter. MBM Wealth Consultants LLC now owns 8,578 shares of the e-commerce giant's stock worth $1,889,000 after buying an additional 48 shares in the last quarter. 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.

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