Amazon.com (NASDAQ:AMZN) Trading Up 2.4% – Should You Buy?

Amazon.com, Inc. (NASDAQ:AMZN) shot up 2.4% during trading on Monday . The company traded as high as $226.51 and last traded at $225.94. 42,097,354 shares were traded during trading, an increase of 50% from the average session volume of 27,997,364 shares. The stock had previously closed at $220.66.

Analyst Upgrades and Downgrades

A number of research firms have issued reports on AMZN. Susquehanna raised their target price on Amazon.com from $220.00 to $230.00 and gave the stock a “positive” rating in a research report on Friday, November 1st. Robert W. Baird lifted their price objective on shares of Amazon.com from $220.00 to $260.00 and gave the company an “outperform” rating in a research note on Friday, December 13th. Wedbush increased their target price on Amazon.com from $250.00 to $260.00 and gave the stock an “outperform” rating in a research report on Monday, January 6th. Moffett Nathanson lifted their price target on Amazon.com from $235.00 to $248.00 and gave the company a “buy” rating in a research report on Tuesday, November 26th. Finally, Mizuho increased their price objective on Amazon.com from $240.00 to $260.00 and gave the stock an “outperform” rating in a report on Tuesday, December 10th. Two analysts have rated the stock with a hold rating, forty-two have issued a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, Amazon.com has a consensus rating of “Moderate Buy” and a consensus target price of $245.65.

Amazon.com Price Performance

The stock has a market cap of $2.38 trillion, a PE ratio of 48.38, a P/E/G ratio of 1.22 and a beta of 1.14. The business has a fifty day simple moving average of $217.91 and a two-hundred day simple moving average of $196.27. The company has a current ratio of 1.09, a quick ratio of 0.87 and a debt-to-equity ratio of 0.21.

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%. The firm’s quarterly revenue was up 11.0% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.85 earnings per share. Research analysts forecast that Amazon.com, Inc. will post 5.38 earnings per share for the current year.

Insider Activity

In related news, Director Jonathan Rubinstein sold 4,351 shares of the company’s stock in a transaction dated Monday, December 9th. The shares were sold at an average price of $229.85, for a total value of $1,000,077.35. Following the transaction, the director now owns 88,203 shares in the company, valued at $20,273,459.55. The trade was a 4.70 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Daniel P. Huttenlocher sold 1,237 shares of Amazon.com stock in a transaction dated Tuesday, November 19th. The stock was sold at an average price of $199.06, for a total transaction of $246,237.22. Following the completion of the transaction, the director now directly owns 24,912 shares of the company’s stock, valued at $4,958,982.72. This trade represents a 4.73 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 6,032,344 shares of company stock worth $1,253,456,822. Insiders own 10.80% of the company’s stock.

Institutional Investors Weigh In On Amazon.com

Several institutional investors have recently modified their holdings of AMZN. Smallwood Wealth Investment Management LLC boosted its holdings in shares of Amazon.com by 4.4% during the 4th quarter. Smallwood Wealth Investment Management LLC now owns 3,555 shares of the e-commerce giant’s stock valued at $780,000 after acquiring an additional 150 shares during the last quarter. FCG Investment Co boosted its holdings in Amazon.com by 8.3% in the fourth quarter. FCG Investment Co now owns 32,621 shares of the e-commerce giant’s stock worth $7,157,000 after purchasing an additional 2,503 shares during the last quarter. Key Client Fiduciary Advisors LLC raised its stake in Amazon.com by 2.9% during the 4th quarter. Key Client Fiduciary Advisors LLC now owns 29,466 shares of the e-commerce giant’s stock valued at $6,464,000 after buying an additional 828 shares during the last quarter. Apeiron RIA LLC raised its stake in Amazon.com by 4.9% during the 4th quarter. Apeiron RIA LLC now owns 8,466 shares of the e-commerce giant’s stock valued at $1,857,000 after buying an additional 398 shares during the last quarter. Finally, Veracity Capital LLC lifted its holdings in shares of Amazon.com by 5.6% during the 4th quarter. Veracity Capital LLC now owns 21,430 shares of the e-commerce giant’s stock valued at $4,702,000 after buying an additional 1,133 shares during the period. 72.20% of the stock is owned by hedge funds and other institutional investors.

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.