Amazon.com (NASDAQ:AMZN) Shares Up 3% – Still a Buy?

Amazon.com, Inc. (NASDAQ:AMZN) shot up 3% on Monday . The company traded as high as $203.30 and last traded at $202.09. 13,347,183 shares were traded during mid-day trading, a decline of 65% from the average session volume of 38,346,651 shares. The stock had previously closed at $196.21.

Wall Street Analysts Forecast Growth

A number of analysts recently commented on AMZN shares. Stifel Nicolaus increased their price target on Amazon.com from $245.00 to $275.00 and gave the company a “buy” rating in a research report on Friday, February 7th. Piper Sandler restated an “overweight” rating and issued a $265.00 price objective (up previously from $225.00) on shares of Amazon.com in a research note on Friday, February 7th. Telsey Advisory Group reiterated an “outperform” rating and set a $275.00 target price on shares of Amazon.com in a research note on Friday, February 7th. UBS Group increased their price target on shares of Amazon.com from $230.00 to $264.00 and gave the company a “buy” rating in a research report on Monday, December 16th. Finally, Canaccord Genuity Group restated a “buy” rating on shares of Amazon.com in a report on Thursday, February 13th. Two research analysts have rated the stock with a hold rating, forty-two have issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $260.65.

Amazon.com Price Performance

The stock has a market capitalization of $2.15 trillion, a P/E ratio of 36.63, a price-to-earnings-growth ratio of 1.50 and a beta of 1.19. 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 firm has a 50-day moving average price of $218.90 and a 200 day moving average price of $208.44.

Amazon.com (NASDAQ:AMZN) last issued its earnings results on Thursday, February 6th. The e-commerce giant reported $1.86 EPS for the quarter, topping analysts’ consensus estimates of $1.52 by $0.34. Amazon.com had a net margin of 9.29% and a return on equity of 24.25%. On average, analysts expect that Amazon.com, Inc. will post 6.31 EPS for the current year.

Insider Buying and Selling at Amazon.com

In other news, CEO Douglas J. Herrington sold 5,501 shares of the company’s stock in a transaction dated Tuesday, February 18th. The shares were sold at an average price of $228.44, for a total transaction of $1,256,648.44. Following the completion of the transaction, the chief executive officer now directly owns 505,318 shares of the company’s stock, valued at approximately $115,434,843.92. This represents a 1.08 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CEO Andrew R. Jassy sold 20,784 shares of the firm’s stock in a transaction dated Friday, February 21st. The stock was sold at an average price of $220.65, for a total value of $4,585,989.60. Following the completion of the sale, the chief executive officer now directly owns 2,118,886 shares in the company, valued at $467,532,195.90. The trade was a 0.97 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 102,298 shares of company stock worth $22,871,828. 10.80% of the stock is currently owned by insiders.

Institutional Trading of Amazon.com

Large investors have recently added to or reduced their stakes in the stock. Mascagni Wealth Management Inc. purchased a new stake in Amazon.com in the fourth quarter worth about $1,814,000. Prostatis Group LLC lifted its stake in shares of Amazon.com by 8.4% in the 4th quarter. Prostatis Group LLC now owns 13,766 shares of the e-commerce giant’s stock valued at $3,020,000 after purchasing an additional 1,071 shares during the period. Nestegg Advisors Inc. bought a new stake in shares of Amazon.com during the fourth quarter valued at approximately $303,000. Fairtree Asset Management Pty Ltd bought a new stake in shares of Amazon.com during the fourth quarter valued at approximately $3,044,000. Finally, M1 Capital Management LLC purchased a new position in Amazon.com during the fourth quarter valued at $2,307,000. 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.