Amazon.com (NASDAQ:AMZN) Trading 0.3% Higher on Better-Than-Expected Earnings

Amazon.com, Inc. (NASDAQ:AMZN)'s share price was up 0.3% during mid-day trading on Friday following a better than expected earnings announcement. The stock traded as high as $192.30 and last traded at $190.76. Approximately 34,578,961 shares were traded during trading, a decline of 17% from the average daily volume of 41,575,446 shares. The stock had previously closed at $190.20.

The e-commerce giant reported $1.59 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.38 by $0.21. The business had revenue of $155.67 billion during 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 for the quarter was up 8.6% on a year-over-year basis. During the same quarter last year, the company posted $0.98 EPS.

Analysts Set New Price Targets

Several analysts have issued reports on the company. Needham & Company LLC reissued a "buy" rating and issued a $220.00 price target on shares of Amazon.com in a research note on Friday. Citigroup reaffirmed an "outperform" rating on shares of Amazon.com in a research report on Friday. The Goldman Sachs Group cut their target price on shares of Amazon.com from $255.00 to $220.00 and set a "buy" rating for the company in a research note on Tuesday, April 22nd. Morgan Stanley reduced their target price on Amazon.com from $280.00 to $245.00 and set an "overweight" rating for the company in a research note on Monday, April 14th. Finally, Telsey Advisory Group reiterated an "outperform" rating and issued a $235.00 price objective on shares of Amazon.com in a report on Friday. Four analysts have rated the stock with a hold rating and forty-four have given a buy rating to the company. Based on data from MarketBeat, the stock has an average rating of "Moderate Buy" and an average target price of $244.09.

Insider Activity at Amazon.com

In other news, CEO Douglas J. Herrington sold 27,500 shares of the business's stock in a transaction that occurred on Wednesday, February 12th. The stock was sold at an average price of $230.27, for a total value of $6,332,425.00. Following the completion of the sale, the chief executive officer now directly owns 497,067 shares in the company, valued at $114,459,618.09. The trade was a 5.24 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CEO Andrew R. Jassy sold 20,784 shares of the company's stock in a transaction on Friday, February 21st. The stock was sold at an average price of $220.65, for a total transaction of $4,585,989.60. Following the transaction, the chief executive officer now owns 2,118,886 shares of the company's stock, valued at $467,532,195.90. This represents a 0.97 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 107,298 shares of company stock worth $23,818,478 in the last three months. Company insiders own 9.70% of the company's stock.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in the business. Sassicaia Capital Advisers LLC acquired a new position in Amazon.com during the 3rd quarter worth approximately $279,000. Howard Capital Management Group LLC grew its position in shares of Amazon.com by 0.3% in the 3rd quarter. Howard Capital Management Group LLC now owns 356,539 shares of the e-commerce giant's stock valued at $66,434,000 after buying an additional 897 shares during the last quarter. Principal Financial Group Inc. raised its stake in Amazon.com by 5.1% during the 3rd quarter. Principal Financial Group Inc. now owns 20,166,314 shares of the e-commerce giant's stock worth $3,757,589,000 after acquiring an additional 984,570 shares in the last quarter. Harvest Fund Management Co. Ltd lifted its position in Amazon.com by 25.1% in the third quarter. Harvest Fund Management Co. Ltd now owns 367,604 shares of the e-commerce giant's stock valued at $68,485,000 after acquiring an additional 73,696 shares during the last quarter. Finally, Concentric Wealth Management LLC boosted its stake in Amazon.com by 3.4% in the third quarter. Concentric Wealth Management LLC now owns 12,266 shares of the e-commerce giant's stock valued at $2,286,000 after acquiring an additional 402 shares in the last quarter. Hedge funds and other institutional investors own 72.20% of the company's stock.

Amazon.com Stock Performance

The company has a quick ratio of 0.87, a current ratio of 1.06 and a debt-to-equity ratio of 0.18. The company has a market cap of $1.97 trillion, a PE ratio of 33.53, a price-to-earnings-growth ratio of 1.50 and a beta of 1.30. The firm has a fifty day simple moving average of $189.92 and a 200-day simple moving average of $208.04.

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.