Amazon.com (NASDAQ:AMZN) Trading 1.9% Higher - Time to Buy?

Amazon.com, Inc. (NASDAQ:AMZN)'s stock price shot up 1.9% during trading on Tuesday . The stock traded as high as $205.36 and last traded at $204.81. 10,730,051 shares traded hands during mid-day trading, a decline of 74% from the average session volume of 41,898,935 shares. The stock had previously closed at $200.99.

Analyst Ratings Changes

Several brokerages recently commented on AMZN. Jefferies Financial Group reduced their price target on shares of Amazon.com from $250.00 to $240.00 and set a "buy" rating for the company in a research report on Tuesday, April 22nd. UBS Group restated a "buy" rating on shares of Amazon.com in a research report on Tuesday, May 6th. Westpark Capital restated a "buy" rating and issued a $280.00 price target on shares of Amazon.com in a research report on Friday, May 2nd. Evercore ISI reduced their price target on shares of Amazon.com from $270.00 to $260.00 and set an "outperform" rating for the company in a research report on Friday, May 2nd. Finally, Wells Fargo & Company dropped their price objective on shares of Amazon.com from $207.00 to $203.00 and set an "equal weight" rating on the stock in a research note on Tuesday, February 25th. Four investment analysts have rated the stock with a hold rating and forty-four have issued a buy rating to the company's stock. According to MarketBeat.com, Amazon.com has an average rating of "Moderate Buy" and a consensus target price of $244.09.

Amazon.com Stock Down 0.9%

The company has a debt-to-equity ratio of 0.18, a quick ratio of 0.87 and a current ratio of 1.06. The stock has a market cap of $2.16 trillion, a price-to-earnings ratio of 36.88, a PEG ratio of 1.50 and a beta of 1.30. The firm's 50-day simple moving average is $190.60 and its two-hundred day simple moving average is $208.70.

Amazon.com (NASDAQ:AMZN - Get Free Report) last posted its quarterly earnings data 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 analysts' expectations of $154.96 billion. Amazon.com had a net margin of 9.29% and a return on equity of 24.25%. The company's quarterly revenue was up 8.6% compared to the same quarter last year. During the same quarter last year, the company posted $0.98 EPS. On average, sell-side analysts expect that Amazon.com, Inc. will post 6.31 EPS for the current fiscal year.

Insider Buying and Selling at Amazon.com

In other news, CEO Matthew S. Garman sold 20,923 shares of the firm's stock in a transaction dated Wednesday, May 21st. The shares were sold at an average price of $201.30, for a total value of $4,211,799.90. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CEO Douglas J. Herrington sold 2,500 shares of the firm's stock in a transaction dated Thursday, May 1st. The shares were sold at an average price of $190.67, for a total transaction of $476,675.00. Following the completion of the transaction, the chief executive officer now directly owns 506,974 shares in the company, valued at $96,664,732.58. This trade represents a 0.49% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 99,537 shares of company stock worth $20,018,625. 9.70% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the company. Momentous Wealth Management Inc. bought a new position in Amazon.com during the 4th quarter worth approximately $749,000. Segall Bryant & Hamill LLC raised its holdings in shares of Amazon.com by 14.3% in the fourth quarter. Segall Bryant & Hamill LLC now owns 317,114 shares of the e-commerce giant's stock valued at $69,572,000 after purchasing an additional 39,696 shares during the last quarter. Evergreen Capital Management LLC raised its holdings in shares of Amazon.com by 0.5% in the fourth quarter. Evergreen Capital Management LLC now owns 242,550 shares of the e-commerce giant's stock valued at $53,213,000 after purchasing an additional 1,198 shares during the last quarter. Bearing Point Capital LLC acquired a new position in Amazon.com during the fourth quarter worth $12,014,000. Finally, Arrowstreet Capital Limited Partnership increased its holdings in Amazon.com by 173.6% during the fourth quarter. Arrowstreet Capital Limited Partnership now owns 3,461,573 shares of the e-commerce giant's stock worth $759,434,000 after buying an additional 2,196,353 shares during the last quarter. Institutional investors own 72.20% of the company's stock.

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.