Amazon.com (NASDAQ:AMZN) Trading 2.3% Higher - Here's Why

Amazon.com, Inc. (NASDAQ:AMZN) was up 2.3% on Thursday . The company traded as high as $184.48 and last traded at $184.75. Approximately 12,317,744 shares traded hands during mid-day trading, a decline of 71% from the average daily volume of 41,823,322 shares. The stock had previously closed at $180.60.

Wall Street Analyst Weigh In

AMZN has been the topic of a number of research reports. Telsey Advisory Group lowered their target price on shares of Amazon.com from $275.00 to $235.00 and set an "outperform" rating on the stock in a research report on Wednesday, April 23rd. DA Davidson lowered their price objective on shares of Amazon.com from $280.00 to $230.00 and set a "buy" rating on the stock in a research report on Monday, April 14th. Benchmark increased their target price on shares of Amazon.com from $215.00 to $265.00 and gave the stock a "buy" rating in a research note on Tuesday, February 4th. Deutsche Bank Aktiengesellschaft lowered their price target on Amazon.com from $287.00 to $206.00 and set a "buy" rating on the stock in a report on Monday, April 14th. Finally, JPMorgan Chase & Co. reduced their price objective on Amazon.com from $270.00 to $220.00 and set an "overweight" rating for the company in a research note on Tuesday, April 8th. Two analysts have rated the stock with a hold rating and forty-five have given a buy rating to the company's stock. Based on data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $246.73.

Amazon.com Trading Down 0.7 %

The company has a current ratio of 1.06, a quick ratio of 0.87 and a debt-to-equity ratio of 0.18. The firm's 50-day simple moving average is $193.52 and its 200 day simple moving average is $208.05. The stock has a market cap of $1.99 trillion, a P/E ratio of 33.94, a PEG ratio of 1.50 and a beta of 1.39.

Amazon.com (NASDAQ:AMZN - Get Free Report) last posted its quarterly earnings data on Thursday, February 6th. The e-commerce giant reported $1.86 EPS for the quarter, beating 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%. As a group, equities research analysts anticipate that Amazon.com, Inc. will post 6.31 earnings per share for the current year.

Insider Activity at Amazon.com

In other news, SVP David Zapolsky sold 19,212 shares of the business's stock in a transaction on Monday, February 24th. The shares were sold at an average price of $217.50, for a total transaction of $4,178,610.00. Following the transaction, the senior vice president now directly owns 49,950 shares in the company, valued at $10,864,125. The trade was a 27.78 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, CEO Douglas J. Herrington sold 2,500 shares of the stock in a transaction on Tuesday, April 1st. The stock was sold at an average price of $187.99, for a total value of $469,975.00. Following the sale, the chief executive officer now owns 509,474 shares of the company's stock, valued at approximately $95,776,017.26. This represents a 0.49 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 104,798 shares of company stock valued at $23,341,803 over the last ninety days. Insiders own 10.80% of the company's stock.

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of AMZN. Castlekeep Investment Advisors LLC acquired a new stake in Amazon.com in the 4th quarter worth approximately $25,000. Accordant Advisory Group Inc raised its position in shares of Amazon.com by 400.0% in the fourth quarter. Accordant Advisory Group Inc now owns 125 shares of the e-commerce giant's stock valued at $27,000 after purchasing an additional 100 shares during the period. Prudent Man Investment Management Inc. bought a new stake in shares of Amazon.com during the 4th quarter worth $27,000. Icon Wealth Advisors LLC grew its stake in Amazon.com by 20.5% in the 3rd quarter. Icon Wealth Advisors LLC now owns 150,661 shares of the e-commerce giant's stock valued at $28,000 after buying an additional 25,581 shares during the last quarter. Finally, LSV Asset Management bought a new position in Amazon.com in the 4th quarter worth $35,000. 72.20% of the stock is owned by institutional investors and hedge funds.

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.