Amazon.com (NASDAQ:AMZN) Trading 1.3% Higher – Still a Buy?

by · The Cerbat Gem

Shares of Amazon.com, Inc. (NASDAQ:AMZN) were up 1.3% during trading on Wednesday . The stock traded as high as $195.61 and last traded at $193.30. Approximately 13,108,833 shares changed hands during mid-day trading, a decline of 68% from the average daily volume of 40,769,574 shares. The stock had previously closed at $190.83.

Wall Street Analyst Weigh In

Several equities analysts recently commented on the company. Jefferies Financial Group cut their target price on Amazon.com from $235.00 to $225.00 and set a “buy” rating for the company in a research report on Friday, August 2nd. Roth Mkm raised their price target on Amazon.com from $210.00 to $215.00 and gave the stock a “buy” rating in a research report on Friday, August 2nd. Itau BBA Securities cut Amazon.com from an “outperform” rating to a “market perform” rating and set a $186.00 price objective on the stock. in a report on Friday, August 2nd. Maxim Group lifted their price objective on Amazon.com from $238.00 to $251.00 and gave the company a “buy” rating in a report on Friday, August 2nd. Finally, Rosenblatt Securities upped their target price on Amazon.com from $220.00 to $221.00 and gave the stock a “buy” rating in a report on Friday, August 2nd. Two analysts have rated the stock with a hold rating, forty-two have issued a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, Amazon.com presently has an average rating of “Moderate Buy” and a consensus price target of $236.76.

Get Our Latest Stock Analysis on Amazon.com

Amazon.com Trading Up 1.5 %

The stock has a market capitalization of $2.03 trillion, a P/E ratio of 46.24, a PEG ratio of 1.38 and a beta of 1.14. The company has a quick ratio of 0.88, a current ratio of 1.10 and a debt-to-equity ratio of 0.23. The firm’s 50-day simple moving average is $183.94 and its 200 day simple moving average is $183.57.

Amazon.com (NASDAQ:AMZN – Get Free Report) last posted its quarterly earnings results on Thursday, August 1st. The e-commerce giant reported $1.23 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.05 by $0.18. Amazon.com had a net margin of 7.35% and a return on equity of 21.39%. The business had revenue of $147.98 billion during the quarter, compared to analyst estimates of $148.63 billion. Equities research analysts anticipate that Amazon.com, Inc. will post 4.85 EPS for the current fiscal year.

Insiders Place Their Bets

In other Amazon.com news, CEO Andrew R. Jassy sold 20,784 shares of Amazon.com stock in a transaction that occurred on Wednesday, August 21st. The stock was sold at an average price of $180.77, for a total value of $3,757,123.68. Following the transaction, the chief executive officer now directly owns 2,056,534 shares of the company’s stock, valued at $371,759,651.18. The trade was a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. In related news, CFO Brian T. Olsavsky sold 14,600 shares of the company’s stock in a transaction dated Wednesday, August 21st. The stock was sold at an average price of $180.00, for a total value of $2,628,000.00. Following the completion of the sale, the chief financial officer now owns 49,000 shares in the company, valued at approximately $8,820,000. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, CEO Andrew R. Jassy sold 20,784 shares of the stock in a transaction dated Wednesday, August 21st. The stock was sold at an average price of $180.77, for a total value of $3,757,123.68. Following the completion of the sale, the chief executive officer now owns 2,056,534 shares of the company’s stock, valued at $371,759,651.18. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 54,355 shares of company stock valued at $9,877,423 over the last quarter. Insiders own 10.80% of the company’s stock.

Institutional Trading of Amazon.com

Hedge funds have recently made changes to their positions in the business. DGS Capital Management LLC lifted its holdings in Amazon.com by 39.0% during the 1st quarter. DGS Capital Management LLC now owns 22,816 shares of the e-commerce giant’s stock worth $4,116,000 after buying an additional 6,401 shares during the period. Affiance Financial LLC boosted its stake in shares of Amazon.com by 4.3% in the 1st quarter. Affiance Financial LLC now owns 10,690 shares of the e-commerce giant’s stock worth $1,928,000 after buying an additional 436 shares during the last quarter. S.A. Mason LLC grew its holdings in Amazon.com by 11.5% during the 1st quarter. S.A. Mason LLC now owns 3,219 shares of the e-commerce giant’s stock valued at $581,000 after buying an additional 332 shares in the last quarter. Wealthcare Advisory Partners LLC boosted its stake in Amazon.com by 35.2% during the first quarter. Wealthcare Advisory Partners LLC now owns 84,407 shares of the e-commerce giant’s stock valued at $15,225,000 after buying an additional 21,998 shares during the period. Finally, WealthCare Investment Partners LLC grew its position in Amazon.com by 11.8% during the first quarter. WealthCare Investment Partners LLC now owns 3,472 shares of the e-commerce giant’s stock worth $626,000 after buying an additional 366 shares in the last quarter. 72.20% of the stock is owned by institutional investors and hedge funds.

Amazon.com Company Profile

(Get Free Report)

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.

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