Amazon.com (NASDAQ:AMZN) Trading Up 0% – Still a Buy?

Amazon.com, Inc. (NASDAQ:AMZN) was up 0% on Thursday . The company traded as high as $223.52 and last traded at $222.13. Approximately 24,996,742 shares changed hands during mid-day trading, a decline of 15% from the average daily volume of 29,278,637 shares. The stock had previously closed at $222.11.

Analyst Ratings Changes

A number of analysts recently commented on the company. Rosenblatt Securities increased their price target on Amazon.com from $221.00 to $236.00 and gave the company a “buy” rating in a research report on Friday, November 1st. Oppenheimer lifted their target price on Amazon.com from $220.00 to $230.00 and gave the stock an “outperform” rating in a research note on Friday, November 1st. Royal Bank of Canada boosted their price target on shares of Amazon.com from $215.00 to $225.00 and gave the stock an “outperform” rating in a report on Friday, November 1st. Maxim Group raised their price objective on shares of Amazon.com from $251.00 to $260.00 and gave the stock a “buy” rating in a report on Friday, November 1st. Finally, Morgan Stanley boosted their target price on shares of Amazon.com from $210.00 to $230.00 and gave the company an “overweight” rating in a research note on Monday, November 4th. Two investment 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 data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $243.67.

Amazon.com Trading Up 0.0 %

The stock has a market capitalization of $2.34 trillion, a PE ratio of 47.57, a P/E/G ratio of 1.54 and a beta of 1.14. The company has a current ratio of 1.09, a quick ratio of 0.87 and a debt-to-equity ratio of 0.21. The stock has a 50 day moving average price of $215.07 and a 200-day moving average price of $194.92.

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

Insider Buying and Selling

In other news, CEO Douglas J. Herrington sold 3,500 shares of the company’s stock in a transaction that occurred on Monday, December 2nd. The shares were sold at an average price of $210.00, for a total value of $735,000.00. Following the completion of the sale, the chief executive officer now owns 524,567 shares of the company’s stock, valued at approximately $110,159,070. This represents a 0.66 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Jonathan Rubinstein sold 4,351 shares of Amazon.com stock in a transaction that occurred on Monday, December 9th. The shares were sold at an average price of $229.85, for a total transaction of $1,000,077.35. Following the transaction, the director now directly owns 88,203 shares in the company, valued at approximately $20,273,459.55. The trade was a 4.70 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 6,032,344 shares of company stock valued at $1,253,456,822. Company insiders own 10.80% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the stock. Vicus Capital increased its position in Amazon.com by 9.2% during the 2nd quarter. Vicus Capital now owns 25,313 shares of the e-commerce giant’s stock valued at $4,892,000 after buying an additional 2,137 shares in the last quarter. Busey Bank raised its stake in shares of Amazon.com by 1.4% during the 2nd quarter. Busey Bank now owns 547,635 shares of the e-commerce giant’s stock valued at $105,831,000 after buying an additional 7,824 shares during the last quarter. Iowa State Bank boosted its position in Amazon.com by 4.0% in the 2nd quarter. Iowa State Bank now owns 48,957 shares of the e-commerce giant’s stock worth $9,461,000 after purchasing an additional 1,884 shares in the last quarter. Burns J W & Co. Inc. NY grew its stake in shares of Amazon.com by 1.7% during the 2nd quarter. Burns J W & Co. Inc. NY now owns 131,669 shares of the e-commerce giant’s stock worth $25,445,000 after purchasing an additional 2,176 shares during the period. Finally, First Bancorp Inc ME boosted its holdings in Amazon.com by 5.5% during the second quarter. First Bancorp Inc ME now owns 11,559 shares of the e-commerce giant’s stock worth $2,234,000 after buying an additional 598 shares in the last quarter. 72.20% of the stock is currently owned by hedge funds and other 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.