Amazon.com (NASDAQ:AMZN) Shares Up 1.6% - Time to Buy?

Key Points

• Amazon.com shares increased by 1.6% to $225.22 during trading, with over 46 million shares exchanged, marking a rise in trading volume.
• Several analysts have upgraded their price targets for Amazon, with estimates ranging from $260 to $300, and a consensus rating of "Buy" with an average price target of $266.26.
• In recent insider trading activity, Amazon executives sold significant shares, with CEO Andrew R. Jassy selling 19,872 shares and SVP David Zapolsky selling 13,570 shares.

Amazon.com, Inc. (NASDAQ:AMZN) shares shot up 1.6% during trading on Wednesday . The company traded as high as $226.73 and last traded at $225.22. 46,057,677 shares traded hands during mid-day trading, an increase of 4% from the average session volume of 44,102,309 shares. The stock had previously closed at $221.78.

Analyst Upgrades and Downgrades

A number of research firms recently weighed in on AMZN. Cantor Fitzgerald increased their price objective on Amazon.com from $260.00 to $280.00 and gave the company an "overweight" rating in a report on Friday, August 1st. Canaccord Genuity Group reissued a "buy" rating and set a $280.00 price objective on shares of Amazon.com in a research report on Friday, August 1st. Mizuho set a $300.00 price objective on shares of Amazon.com and gave the stock an "outperform" rating in a research report on Monday, September 29th. Westpark Capital reissued a "buy" rating and set a $280.00 price objective on shares of Amazon.com in a report on Friday, August 1st. Finally, UBS Group reissued a "buy" rating and issued a $271.00 price objective (up from $249.00) on shares of Amazon.com in a research note on Monday, July 28th. Three equities research analysts have rated the stock with a Strong Buy rating, forty-seven have assigned a Buy rating and one has assigned a Hold rating to the stock. According to MarketBeat.com, the company has an average rating of "Buy" and an average target price of $266.26.

Amazon.com Stock Up 1.6%

The stock has a 50-day simple moving average of $226.13 and a two-hundred day simple moving average of $211.48. The company has a quick ratio of 0.81, a current ratio of 1.02 and a debt-to-equity ratio of 0.15. The firm has a market cap of $2.40 trillion, a PE ratio of 34.33, a P/E/G ratio of 1.48 and a beta of 1.28.

Amazon.com (NASDAQ:AMZN - Get Free Report) last released its quarterly earnings data on Thursday, July 31st. The e-commerce giant reported $1.68 EPS for the quarter, topping the consensus estimate of $1.31 by $0.37. The firm had revenue of $167.70 billion for the quarter, compared to the consensus estimate of $161.80 billion. Amazon.com had a return on equity of 23.84% and a net margin of 10.54%.The company's quarterly revenue was up 13.3% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.26 earnings per share. Amazon.com has set its Q3 2025 guidance at EPS. Analysts expect that Amazon.com, Inc. will post 6.31 earnings per share for the current year.

Insider Buying and Selling at Amazon.com

In other Amazon.com news, SVP David Zapolsky sold 13,570 shares of the stock in a transaction on Friday, August 22nd. The stock was sold at an average price of $222.76, for a total value of $3,022,853.20. Following the completion of the sale, the senior vice president owned 44,110 shares in the company, valued at approximately $9,825,943.60. This represents a 23.53% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CEO Andrew R. Jassy sold 19,872 shares of the stock in a transaction on Thursday, August 21st. The stock was sold at an average price of $221.58, for a total value of $4,403,237.76. Following the completion of the sale, the chief executive officer owned 2,178,502 shares of the company's stock, valued at $482,712,473.16. The trade was a 0.90% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 18,313,335 shares of company stock worth $4,164,795,815. 10.80% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in the stock. Western Wealth Management LLC raised its stake in shares of Amazon.com by 0.9% during the first quarter. Western Wealth Management LLC now owns 140,122 shares of the e-commerce giant's stock valued at $26,660,000 after acquiring an additional 1,297 shares in the last quarter. Flaharty Asset Management LLC raised its stake in Amazon.com by 87.7% in the first quarter. Flaharty Asset Management LLC now owns 5,088 shares of the e-commerce giant's stock worth $968,000 after buying an additional 2,377 shares in the last quarter. Barnes Dennig Private Wealth Management LLC bought a new position in Amazon.com in the first quarter worth approximately $514,000. Border to Coast Pensions Partnership Ltd raised its stake in Amazon.com by 6.0% in the second quarter. Border to Coast Pensions Partnership Ltd now owns 1,136,311 shares of the e-commerce giant's stock worth $249,295,000 after buying an additional 63,924 shares in the last quarter. Finally, Harbor Investment Advisory LLC raised its stake in Amazon.com by 0.7% in the first quarter. Harbor Investment Advisory LLC now owns 304,091 shares of the e-commerce giant's stock worth $58,000 after buying an additional 2,145 shares in the last quarter. Institutional investors 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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