Amazon.com (NASDAQ:AMZN) Stock Price Up 2.1% - Time to Buy?

Amazon.com, Inc. (NASDAQ:AMZN)'s share price rose 2.1% during trading on Tuesday . The stock traded as high as $241.13 and last traded at $240.46. Approximately 14,694,806 shares traded hands during trading, a decline of 53% from the average daily volume of 31,094,520 shares. The stock had previously closed at $235.42.

Analyst Ratings Changes

A number of equities analysts have weighed in on the company. Cantor Fitzgerald reissued an "overweight" rating and issued a $270.00 target price on shares of Amazon.com in a research report on Wednesday, January 22nd. Redburn Atlantic boosted their price target on Amazon.com from $225.00 to $235.00 and gave the company a "buy" rating in a report on Tuesday, November 26th. Mizuho increased their price objective on shares of Amazon.com from $240.00 to $260.00 and gave the stock an "outperform" rating in a research note on Tuesday, December 10th. Monness Crespi & Hardt lifted their target price on Amazon.com from $225.00 to $245.00 and gave the company a "buy" rating in a research note on Friday, November 1st. Finally, JPMorgan Chase & Co. increased their price objective on shares of Amazon.com from $250.00 to $280.00 and gave the company an "overweight" rating in a report on Wednesday, December 18th. 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 company. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average price target of $250.33.

Amazon.com Stock Up 1.4 %

The business's fifty day moving average price is $223.02 and its two-hundred day moving average price is $198.55. The company has a debt-to-equity ratio of 0.21, a current ratio of 1.09 and a quick ratio of 0.87. The stock has a market capitalization of $2.50 trillion, a PE ratio of 50.99, a price-to-earnings-growth ratio of 1.35 and a beta of 1.14.

Amazon.com (NASDAQ:AMZN - Get Free Report) last released its quarterly earnings data on Thursday, October 31st. The e-commerce giant reported $1.43 EPS for the quarter, beating the consensus estimate of $1.14 by $0.29. The business had revenue of $158.88 billion for the quarter, compared to the consensus estimate of $157.28 billion. Amazon.com had a net margin of 8.04% and a return on equity of 22.41%. The business's revenue for the quarter was up 11.0% on a year-over-year basis. During the same period in the prior year, the firm earned $0.85 EPS. On average, equities research analysts forecast that Amazon.com, Inc. will post 5.3 EPS for the current fiscal year.

Insider Activity

In related news, CEO Douglas J. Herrington sold 5,502 shares of Amazon.com stock in a transaction dated Friday, November 15th. The stock was sold at an average price of $205.81, for a total value of $1,132,366.62. Following the completion of the transaction, the chief executive officer now owns 518,911 shares in the company, valued at $106,797,072.91. The trade was a 1.05 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Daniel P. Huttenlocher sold 1,237 shares of the stock in a transaction that occurred on Tuesday, November 19th. The shares were sold at an average price of $199.06, for a total value of $246,237.22. Following the transaction, the director now owns 24,912 shares in the company, valued at $4,958,982.72. This trade represents a 4.73 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 6,027,340 shares of company stock valued at $1,252,456,773 in the last quarter. 10.80% of the stock is currently owned by company insiders.

Institutional Trading of Amazon.com

Several large investors have recently made changes to their positions in AMZN. State Street Corp boosted its holdings in shares of Amazon.com by 3.3% during the 3rd quarter. State Street Corp now owns 359,179,990 shares of the e-commerce giant's stock worth $66,926,008,000 after purchasing an additional 11,370,309 shares during the last quarter. Geode Capital Management LLC raised its holdings in shares of Amazon.com by 3.4% during the 3rd quarter. Geode Capital Management LLC now owns 199,915,046 shares of the e-commerce giant's stock worth $37,116,341,000 after acquiring an additional 6,545,944 shares during the period. Legal & General Group Plc boosted its position in shares of Amazon.com by 1.5% during the 2nd quarter. Legal & General Group Plc now owns 69,686,374 shares of the e-commerce giant's stock valued at $13,466,933,000 after acquiring an additional 1,042,177 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its holdings in shares of Amazon.com by 3.6% in the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 57,833,954 shares of the e-commerce giant's stock valued at $10,776,201,000 after purchasing an additional 1,984,592 shares during the period. Finally, Charles Schwab Investment Management Inc. grew its stake in shares of Amazon.com by 3.6% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 57,308,094 shares of the e-commerce giant's stock valued at $10,678,217,000 after buying an additional 1,980,663 shares during the period. 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.