Amazon.com (NASDAQ:AMZN) Stock Price Up 1% – Time to Buy?

Amazon.com, Inc. (NASDAQ:AMZN)’s stock price rose 1% during mid-day trading on Thursday . The stock traded as high as $203.21 and last traded at $203.10. Approximately 8,310,394 shares were traded during mid-day trading, a decline of 78% from the average daily volume of 38,337,613 shares. The stock had previously closed at $201.13.

Wall Street Analyst Weigh In

AMZN has been the subject of a number of research reports. DA Davidson raised their price objective on Amazon.com from $235.00 to $280.00 and gave the company a “buy” rating in a research note on Friday, February 7th. Wells Fargo & Company decreased their price target on shares of Amazon.com from $207.00 to $203.00 and set an “equal weight” rating for the company in a research note on Tuesday, February 25th. Rosenblatt Securities raised their price objective on shares of Amazon.com from $236.00 to $287.00 and gave the company a “buy” rating in a research note on Friday, February 7th. Canaccord Genuity Group reissued a “buy” rating on shares of Amazon.com in a research report on Thursday, February 13th. Finally, Phillip Securities cut shares of Amazon.com from a “strong-buy” rating to a “moderate buy” rating in a research report on Monday, February 10th. Two research analysts have rated the stock with a hold rating, forty-two have issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $260.65.

Amazon.com Stock Performance

The business’s fifty day moving average price is $216.86 and its 200-day moving average price is $208.87. 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 stock has a market capitalization of $2.04 trillion, a PE ratio of 34.85, a P/E/G ratio of 1.50 and a beta of 1.19.

Amazon.com (NASDAQ:AMZN) last posted its earnings results on Thursday, February 6th. The e-commerce giant reported $1.86 earnings per share (EPS) for the quarter, topping the consensus estimate 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, equities research analysts expect that Amazon.com, Inc. will post 6.31 EPS for the current year.

Insider Activity at Amazon.com

In other news, CFO Brian T. Olsavsky sold 14,620 shares of the stock in a transaction on Friday, February 21st. The shares were sold at an average price of $223.14, for a total value of $3,262,306.80. Following the transaction, the chief financial officer now owns 49,000 shares of the company’s stock, valued at $10,933,860. This represents a 22.98 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, CEO Douglas J. Herrington sold 27,500 shares of Amazon.com stock in a transaction on Wednesday, February 12th. The stock was sold at an average price of $230.27, for a total transaction of $6,332,425.00. Following the sale, the chief executive officer now directly owns 497,067 shares of the company’s stock, valued at $114,459,618.09. This represents 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 102,298 shares of company stock valued at $22,871,828. Company insiders own 10.80% of the company’s stock.

Institutional Investors Weigh In On Amazon.com

A number of large investors have recently added to or reduced their stakes in the company. AMF Tjanstepension AB lifted its stake in Amazon.com by 44.3% in the third quarter. AMF Tjanstepension AB now owns 2,641,401 shares of the e-commerce giant’s stock worth $492,172,000 after purchasing an additional 811,425 shares during the last quarter. Swedbank AB increased its holdings in shares of Amazon.com by 1.4% in the third quarter. Swedbank AB now owns 13,335,826 shares of the e-commerce giant’s stock worth $2,484,864,000 after buying an additional 183,610 shares during the period. Sassicaia Capital Advisers LLC bought a new stake in shares of Amazon.com in the 3rd quarter valued at about $279,000. Howard Capital Management Group LLC boosted its holdings in Amazon.com by 0.3% during the 3rd quarter. Howard Capital Management Group LLC now owns 356,539 shares of the e-commerce giant’s stock valued at $66,434,000 after acquiring an additional 897 shares during the period. Finally, Meridian Management Co. grew its position in Amazon.com by 27.6% during the 3rd quarter. Meridian Management Co. now owns 33,460 shares of the e-commerce giant’s stock worth $6,235,000 after acquiring an additional 7,246 shares during the last quarter. Hedge funds and other 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.