Amazon.com (NASDAQ:AMZN) Shares Up 3.6% - Still a Buy?

Amazon.com, Inc. (NASDAQ:AMZN) shares rose 3.6% during trading on Tuesday . The company traded as high as $172.56 and last traded at $173.40. Approximately 12,263,005 shares were traded during mid-day trading, a decline of 71% from the average daily volume of 41,645,117 shares. The stock had previously closed at $167.32.

Wall Street Analysts Forecast Growth

AMZN has been the subject of several research reports. Wolfe Research lifted their target price on Amazon.com from $250.00 to $270.00 and gave the company an "outperform" rating in a research note on Friday, January 3rd. Raymond James reiterated an "outperform" rating and issued a $195.00 price objective (down from $275.00) on shares of Amazon.com in a research report on Monday, April 21st. Canaccord Genuity Group reaffirmed a "buy" rating on shares of Amazon.com in a research note on Thursday, February 13th. Morgan Stanley lowered their price target on shares of Amazon.com from $280.00 to $245.00 and set an "overweight" rating for the company in a research report on Monday, April 14th. 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 investment analysts have rated the stock with a hold rating and forty-five have given a buy rating to the stock. According to data from MarketBeat, Amazon.com currently has an average rating of "Moderate Buy" and a consensus price target of $247.56.

Amazon.com Stock Up 1.3 %

The company has a market cap of $2.00 trillion, a price-to-earnings ratio of 34.18, a P/E/G ratio of 1.50 and a beta of 1.39. 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 firm has a 50-day moving average price of $193.52 and a 200 day moving average price of $207.75.

Amazon.com (NASDAQ:AMZN - Get Free Report) last posted its quarterly earnings data on Thursday, February 6th. The e-commerce giant reported $1.86 earnings per share for the quarter, topping the consensus estimate of $1.52 by $0.34. Amazon.com had a return on equity of 24.25% and a net margin of 9.29%. Sell-side analysts predict that Amazon.com, Inc. will post 6.31 EPS for the current year.

Insider Buying and Selling at Amazon.com

In related news, CEO Douglas J. Herrington sold 27,500 shares of the business's stock in a transaction dated Wednesday, February 12th. The stock was sold at an average price of $230.27, for a total value of $6,332,425.00. Following the completion of the transaction, the chief executive officer now owns 497,067 shares of the company's stock, valued at $114,459,618.09. The trade was a 5.24 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, SVP David Zapolsky sold 19,212 shares of the stock in a transaction dated Monday, February 24th. The stock was sold at an average price of $217.50, for a total transaction of $4,178,610.00. Following the sale, the senior vice president now owns 49,950 shares in the company, valued at $10,864,125. The trade was a 27.78 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 104,798 shares of company stock valued at $23,341,803 in the last quarter. Company insiders own 10.80% of the company's stock.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the company. West Bancorporation Inc. increased its stake in shares of Amazon.com by 2.5% in the 1st quarter. West Bancorporation Inc. now owns 4,574 shares of the e-commerce giant's stock valued at $870,000 after purchasing an additional 113 shares during the last quarter. Kampmann Melissa S. lifted its position in shares of Amazon.com by 0.6% during the 1st quarter. Kampmann Melissa S. now owns 19,285 shares of the e-commerce giant's stock worth $3,669,000 after buying an additional 115 shares during the last quarter. Mather Group LLC. boosted its stake in Amazon.com by 24.8% in the first quarter. Mather Group LLC. now owns 61,504 shares of the e-commerce giant's stock valued at $11,702,000 after buying an additional 12,214 shares in the last quarter. Heritage Investment Group Inc. grew its position in Amazon.com by 8.2% in the first quarter. Heritage Investment Group Inc. now owns 3,689 shares of the e-commerce giant's stock valued at $702,000 after acquiring an additional 280 shares during the last quarter. Finally, Family Capital Trust Co acquired a new position in Amazon.com during the first quarter worth about $2,694,000. 72.20% of the stock is currently owned by institutional investors and hedge funds.

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.