Amazon.com (NASDAQ:AMZN) Trading Up 1.2% - Still a Buy?

Amazon.com, Inc. (NASDAQ:AMZN)'s share price traded up 1.2% on Thursday . The stock traded as high as $208.81 and last traded at $207.08. 11,694,114 shares were traded during trading, a decline of 72% from the average session volume of 41,872,227 shares. The stock had previously closed at $204.72.

Wall Street Analyst Weigh In

Several brokerages have recently weighed in on AMZN. Bank of America cut their price objective on Amazon.com from $257.00 to $225.00 and set a "buy" rating for the company in a report on Wednesday, April 9th. JMP Securities restated a "market outperform" rating on shares of Amazon.com in a research note on Tuesday, May 6th. Citizens Jmp reduced their price objective on Amazon.com from $285.00 to $240.00 and set an "outperform" rating for the company in a research report on Monday, April 14th. Jefferies Financial Group cut their price objective on Amazon.com from $250.00 to $240.00 and set a "buy" rating for the company in a research report on Tuesday, April 22nd. Finally, Oppenheimer lowered their target price on Amazon.com from $260.00 to $220.00 and set an "outperform" rating for the company in a research note on Monday, April 28th. Four research analysts have rated the stock with a hold rating and forty-four have given a buy rating to the company's stock. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average target price of $244.09.

Amazon.com Stock Down 0.9%

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 market cap of $2.16 trillion, a PE ratio of 36.88, a P/E/G ratio of 1.50 and a beta of 1.30. The business has a fifty day moving average price of $190.57 and a two-hundred day moving average price of $208.66.

Amazon.com (NASDAQ:AMZN - Get Free Report) last announced its earnings results on Thursday, May 1st. The e-commerce giant reported $1.59 earnings per share for the quarter, beating the consensus estimate of $1.38 by $0.21. The firm had revenue of $155.67 billion during the quarter, compared to the consensus estimate of $154.96 billion. Amazon.com had a return on equity of 24.25% and a net margin of 9.29%. The firm's revenue for the quarter was up 8.6% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.98 EPS. On average, analysts anticipate that Amazon.com, Inc. will post 6.31 EPS for the current fiscal year.

Insider Activity at Amazon.com

In other news, CEO Matthew S. Garman sold 20,923 shares of the stock in a transaction that occurred on Wednesday, May 21st. The stock was sold at an average price of $201.30, for a total value of $4,211,799.90. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, VP Shelley Reynolds sold 2,695 shares of the stock in a transaction that occurred on Wednesday, May 21st. The shares were sold at an average price of $200.79, for a total value of $541,129.05. Following the sale, the vice president now directly owns 119,780 shares of the company's stock, valued at $24,050,626.20. The trade was a 2.20% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 99,537 shares of company stock valued at $20,018,625. 9.70% of the stock is owned by insiders.

Hedge Funds Weigh In On Amazon.com

Hedge funds have recently made changes to their positions in the stock. Castlekeep Investment Advisors LLC bought a new stake in shares of Amazon.com in the 4th quarter worth approximately $25,000. Accordant Advisory Group Inc lifted its holdings in shares of Amazon.com by 400.0% in the 4th quarter. Accordant Advisory Group Inc now owns 125 shares of the e-commerce giant's stock valued at $27,000 after acquiring an additional 100 shares during the last quarter. Prudent Man Investment Management Inc. bought a new stake in Amazon.com in the fourth quarter worth about $27,000. LSV Asset Management purchased a new position in shares of Amazon.com during the fourth quarter worth approximately $35,000. Finally, Cooksen Wealth LLC purchased a new position in Amazon.com during the first quarter valued at approximately $36,000. 72.20% of the stock is currently 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.