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

Amazon.com, Inc. (NASDAQ:AMZN)'s stock price traded up 2.1% during mid-day trading on Friday . The company traded as high as $213.70 and last traded at $212.17. 13,820,499 shares traded hands during mid-day trading, a decline of 67% from the average session volume of 41,963,979 shares. The stock had previously closed at $207.91.

Wall Street Analyst Weigh In

AMZN has been the topic of several recent analyst reports. DA Davidson reduced their target price on Amazon.com from $280.00 to $230.00 and set a "buy" rating on the stock in a report on Monday, April 14th. Jefferies Financial Group reduced their price objective on Amazon.com from $250.00 to $240.00 and set a "buy" rating on the stock in a research note on Tuesday, April 22nd. Citigroup restated a "buy" rating on shares of Amazon.com in a research note on Monday, June 2nd. JMP Securities reaffirmed a "market outperform" rating on shares of Amazon.com in a report on Tuesday, May 6th. Finally, Wall Street Zen lowered shares of Amazon.com from a "buy" rating to a "hold" rating in a report on Monday, May 5th. Four research analysts have rated the stock with a hold rating and forty-four have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average price target of $244.89.

Amazon.com Stock Performance

The stock has a market cap of $2.27 trillion, a P/E ratio of 38.62, a price-to-earnings-growth ratio of 1.50 and a beta of 1.33. 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 stock's 50 day simple moving average is $191.84 and its two-hundred day simple moving average is $208.71.

Amazon.com (NASDAQ:AMZN - Get Free Report) last posted its quarterly earnings data on Thursday, May 1st. The e-commerce giant reported $1.59 EPS for the quarter, beating the consensus estimate of $1.38 by $0.21. The business had revenue of $155.67 billion for 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 firm's revenue was up 8.6% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.98 EPS. As a group, research analysts forecast that Amazon.com, Inc. will post 6.31 EPS for the current year.

Insider Transactions at Amazon.com

In other news, Director Keith Brian Alexander sold 1,000 shares of the firm's stock in a transaction dated Monday, May 12th. The stock was sold at an average price of $210.68, for a total value of $210,680.00. Following the completion of the transaction, the director now owns 5,465 shares in the company, valued at $1,151,366.20. This trade represents a 15.47% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, VP Shelley Reynolds sold 2,695 shares of Amazon.com stock in a transaction dated Wednesday, May 21st. The shares were sold at an average price of $200.79, for a total value of $541,129.05. Following the completion of the sale, the vice president now directly owns 119,780 shares in the company, valued at approximately $24,050,626.20. This represents a 2.20% decrease in their position. The disclosure for this sale can be found here. Insiders sold 102,037 shares of company stock valued at $20,531,075 over the last three months. Company insiders own 9.70% of the company's stock.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the stock. eCIO Inc. acquired a new position in Amazon.com during the first quarter worth $338,000. Blue Oak Capital LLC increased its stake in shares of Amazon.com by 34.2% during the 1st quarter. Blue Oak Capital LLC now owns 1,845 shares of the e-commerce giant's stock worth $351,000 after purchasing an additional 470 shares during the last quarter. CBIZ Investment Advisory Services LLC grew its holdings in Amazon.com by 22.6% during the first quarter. CBIZ Investment Advisory Services LLC now owns 3,710 shares of the e-commerce giant's stock worth $706,000 after purchasing an additional 685 shares during the period. Invst LLC lifted its position in shares of Amazon.com by 77.4% in the first quarter. Invst LLC now owns 45,582 shares of the e-commerce giant's stock valued at $8,672,000 after buying an additional 19,894 shares during the last quarter. Finally, Integrity Wealth Advisors Inc. lifted its holdings in Amazon.com by 9.8% during the 1st quarter. Integrity Wealth Advisors Inc. now owns 6,001 shares of the e-commerce giant's stock valued at $1,142,000 after purchasing an additional 535 shares during the last quarter. 72.20% of the stock is currently owned by 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.