Amazon.com (NASDAQ:AMZN) Stock Price Up 1.1% – Should You Buy?

Amazon.com, Inc. (NASDAQ:AMZN) rose 1.1% during trading on Friday . The company traded as high as $222.15 and last traded at $220.55. Approximately 41,140,220 shares were traded during trading, a decline of 1% from the average daily volume of 41,402,148 shares. The stock had previously closed at $218.16.

Wall Street Analysts Forecast Growth

A number of brokerages have issued reports on AMZN. Needham & Company LLC reaffirmed a “buy” rating and set a $250.00 price objective on shares of Amazon.com in a report on Wednesday. Robert W. Baird raised their target price on shares of Amazon.com from $213.00 to $220.00 and gave the company an “outperform” rating in a report on Friday, November 1st. Deutsche Bank Aktiengesellschaft raised their target price on shares of Amazon.com from $225.00 to $232.00 and gave the company a “buy” rating in a report on Friday, November 1st. TD Cowen raised their target price on shares of Amazon.com from $230.00 to $240.00 and gave the company a “buy” rating in a report on Friday, November 1st. Finally, Redburn Atlantic raised their target price on shares of Amazon.com from $225.00 to $235.00 and gave the company a “buy” rating in a report on Tuesday, November 26th. Two analysts have rated the stock with a hold rating, forty-one have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, Amazon.com presently has an average rating of “Moderate Buy” and an average target price of $236.20.

Amazon.com Price Performance

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 firm has a fifty day moving average of $197.39 and a two-hundred day moving average of $188.12. The stock has a market capitalization of $2.39 trillion, a P/E ratio of 48.61, a P/E/G ratio of 1.46 and a beta of 1.16.

Amazon.com (NASDAQ:AMZN) last released its quarterly earnings data on Thursday, October 31st. The e-commerce giant reported $1.43 earnings per share for the quarter, beating the consensus estimate of $1.14 by $0.29. The firm had revenue of $158.88 billion during the quarter, compared to the consensus estimate of $157.28 billion. Amazon.com had a return on equity of 22.41% and a net margin of 8.04%. The firm’s quarterly revenue was up 11.0% on a year-over-year basis. During the same period in the previous year, the company posted $0.85 earnings per share. On average, analysts predict that Amazon.com, Inc. will post 5.29 EPS for the current year.

Insiders Place Their Bets

In other Amazon.com news, SVP David Zapolsky sold 2,190 shares of the business’s stock in a transaction dated Tuesday, September 24th. The shares were sold at an average price of $195.00, for a total value of $427,050.00. Following the completion of the transaction, the senior vice president now directly owns 62,420 shares in the company, valued at approximately $12,171,900. The trade was a 3.39 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CEO Douglas J. Herrington sold 3,500 shares of the business’s stock in a transaction dated Monday, December 2nd. The stock was sold at an average price of $210.00, for a total transaction of $735,000.00. Following the completion of the transaction, the chief executive officer now owns 524,567 shares of the company’s stock, valued at $110,159,070. This represents a 0.66 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 6,030,183 shares of company stock worth $1,252,883,795. 10.80% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Amazon.com

A number of large investors have recently added to or reduced their stakes in the company. Dantai Capital Ltd raised its holdings in Amazon.com by 10.6% in the third quarter. Dantai Capital Ltd now owns 30,415 shares of the e-commerce giant’s stock worth $5,667,000 after purchasing an additional 2,925 shares in the last quarter. Boulder Wealth Advisors LLC purchased a new stake in shares of Amazon.com during the third quarter worth about $239,000. Oriental Harbor Investment Fund purchased a new stake in shares of Amazon.com during the third quarter worth about $60,957,000. Inspire Trust Co. N.A. grew its stake in shares of Amazon.com by 13.4% during the third quarter. Inspire Trust Co. N.A. now owns 17,405 shares of the e-commerce giant’s stock worth $3,243,000 after acquiring an additional 2,054 shares during the last quarter. Finally, Franklin Resources Inc. grew its stake in shares of Amazon.com by 0.5% during the third quarter. Franklin Resources Inc. now owns 47,156,540 shares of the e-commerce giant’s stock worth $8,843,714,000 after acquiring an additional 257,072 shares during the last quarter. 72.20% of the stock is currently owned by institutional investors.

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.