Amazon.com (NASDAQ:AMZN) Trading 1.9% Higher – Time to Buy?

Amazon.com, Inc. (NASDAQ:AMZN) shot up 1.9% on Friday . The company traded as high as $239.73 and last traded at $239.13. 10,361,408 shares traded hands during trading, a decline of 67% from the average session volume of 31,304,500 shares. The stock had previously closed at $234.64.

Analyst Ratings Changes

AMZN has been the subject of a number of research analyst reports. Needham & Company LLC reaffirmed a “buy” rating and issued a $250.00 price target on shares of Amazon.com in a research note on Tuesday, January 21st. DA Davidson restated a “buy” rating and issued a $235.00 target price on shares of Amazon.com in a research report on Thursday, October 10th. Cantor Fitzgerald reiterated an “overweight” rating and set a $270.00 price target on shares of Amazon.com in a research report on Wednesday, January 22nd. Oppenheimer upped their price objective on Amazon.com from $220.00 to $230.00 and gave the company an “outperform” rating in a report on Friday, November 1st. Finally, Stifel Nicolaus lifted their target price on Amazon.com from $224.00 to $245.00 and gave the stock a “buy” rating in a report on Friday, November 1st. Two research analysts have rated the stock with a hold rating, forty-two have given a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $250.33.

Amazon.com Stock Up 1.6 %

The business’s 50-day moving average is $223.02 and its two-hundred day moving average is $198.55. The firm has a market capitalization of $2.51 trillion, a price-to-earnings ratio of 51.09, a P/E/G ratio of 1.35 and a beta of 1.14. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.87 and a current ratio of 1.09.

Amazon.com (NASDAQ:AMZN) last posted its quarterly earnings data on Thursday, October 31st. The e-commerce giant reported $1.43 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.14 by $0.29. The business had revenue of $158.88 billion during the quarter, compared to the consensus estimate of $157.28 billion. Amazon.com had a return on equity of 22.41% and a net margin of 8.04%. Amazon.com’s quarterly revenue was up 11.0% on a year-over-year basis. During the same period last year, the company earned $0.85 earnings per share. On average, equities analysts anticipate that Amazon.com, Inc. will post 5.3 earnings per share for the current year.

Insider Activity

In other news, Director Jonathan Rubinstein sold 4,766 shares of the firm’s stock in a transaction that occurred on Thursday, November 7th. The stock was sold at an average price of $209.85, for a total value of $1,000,145.10. Following the completion of the sale, the director now directly owns 94,630 shares of the company’s stock, valued at $19,858,105.50. This trade represents a 4.79 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, insider Jeffrey P. Bezos sold 2,996,362 shares of the company’s stock in a transaction dated Friday, November 8th. The shares were sold at an average price of $208.85, for a total transaction of $625,790,203.70. Following the completion of the transaction, the insider now owns 917,416,976 shares in the company, valued at $191,602,535,437.60. This trade represents a 0.33 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 6,027,340 shares of company stock valued at $1,252,456,773. 10.80% of the stock is owned by insiders.

Institutional Trading of Amazon.com

Institutional investors have recently bought and sold shares of the business. Fiera Capital Corp raised its holdings in shares of Amazon.com by 12.5% during the 2nd quarter. Fiera Capital Corp now owns 401,113 shares of the e-commerce giant’s stock worth $77,515,000 after buying an additional 44,615 shares in the last quarter. Octavia Wealth Advisors LLC lifted its stake in shares of Amazon.com by 6.6% in the 2nd quarter. Octavia Wealth Advisors LLC now owns 103,346 shares of the e-commerce giant’s stock valued at $19,972,000 after purchasing an additional 6,415 shares during the period. Oregon Public Employees Retirement Fund boosted its holdings in shares of Amazon.com by 0.7% during the 2nd quarter. Oregon Public Employees Retirement Fund now owns 786,676 shares of the e-commerce giant’s stock worth $152,025,000 after buying an additional 5,261 shares in the last quarter. Founders Financial Securities LLC grew its holdings in Amazon.com by 10.0% in the second quarter. Founders Financial Securities LLC now owns 46,781 shares of the e-commerce giant’s stock worth $9,040,000 after purchasing an additional 4,256 shares during the period. Finally, Archer Investment Corp increased its position in Amazon.com by 3.2% in the 2nd quarter. Archer Investment Corp now owns 13,538 shares of the e-commerce giant’s stock valued at $2,616,000 after buying an additional 418 shares in the last quarter. 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.