Amazon.com (NASDAQ:AMZN) Trading 0.4% Higher - Here's What Happened

Shares of Amazon.com, Inc. (NASDAQ:AMZN) were up 0.4% on Friday . The company traded as high as $187.97 and last traded at $187.36. Approximately 10,187,808 shares traded hands during trading, a decline of 76% from the average daily volume of 41,850,609 shares. The stock had previously closed at $186.54.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently issued reports on the stock. Westpark Capital started coverage on shares of Amazon.com in a report on Tuesday, April 1st. They issued a "buy" rating and a $280.00 price target on the stock. Truist Financial lowered their target price on shares of Amazon.com from $265.00 to $230.00 and set a "buy" rating on the stock in a research note on Thursday, April 10th. UBS Group reduced their price target on shares of Amazon.com from $272.00 to $253.00 and set a "buy" rating for the company in a research report on Tuesday. Telsey Advisory Group lowered their price objective on Amazon.com from $275.00 to $235.00 and set an "outperform" rating on the stock in a research report on Wednesday, April 23rd. Finally, Phillip Securities cut Amazon.com from a "strong-buy" rating to a "moderate buy" rating in a research report on Monday, February 10th. Two research analysts have rated the stock with a hold rating and forty-five have issued a buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $246.50.

Amazon.com Stock Down 0.2 %

The company's fifty day simple moving average is $192.74 and its 200 day simple moving average is $208.04. The firm has a market capitalization of $1.99 trillion, a P/E ratio of 33.89, a price-to-earnings-growth ratio of 1.50 and a beta of 1.39. The company has a current ratio of 1.06, a quick ratio of 0.87 and a debt-to-equity ratio of 0.18.

Amazon.com (NASDAQ:AMZN - Get Free Report) last posted its quarterly earnings data on Thursday, February 6th. The e-commerce giant reported $1.86 earnings per share for the quarter, beating the consensus estimate of $1.52 by $0.34. Amazon.com had a return on equity of 24.25% and a net margin of 9.29%. Research analysts expect that Amazon.com, Inc. will post 6.31 EPS for the current year.

Insiders Place Their Bets

In other Amazon.com news, CEO Douglas J. Herrington sold 2,500 shares of the company's stock in a transaction dated Tuesday, April 1st. The shares were 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 in the company, valued at approximately $95,776,017.26. This represents a 0.49 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, VP Shelley Reynolds sold 8,833 shares of Amazon.com stock in a transaction that occurred on Friday, February 21st. The shares were sold at an average price of $222.47, for a total transaction of $1,965,077.51. Following the transaction, the vice president now owns 119,780 shares of the company's stock, valued at $26,647,456.60. The trade was a 6.87 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 104,798 shares of company stock worth $23,341,803. 10.80% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Swedbank AB boosted its stake in Amazon.com by 1.4% in the 3rd quarter. Swedbank AB now owns 13,335,826 shares of the e-commerce giant's stock worth $2,484,864,000 after purchasing an additional 183,610 shares in the last quarter. Sassicaia Capital Advisers LLC bought a new position in shares of Amazon.com in the third quarter worth approximately $279,000. Howard Capital Management Group LLC grew its holdings in shares of Amazon.com by 0.3% during the third 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. increased its position in shares of Amazon.com by 5.1% during the third quarter. Principal Financial Group Inc. now owns 20,166,314 shares of the e-commerce giant's stock valued at $3,757,589,000 after acquiring an additional 984,570 shares in the last quarter. Finally, Strengthening Families & Communities LLC raised its holdings in Amazon.com by 2.4% in the 3rd quarter. Strengthening Families & Communities LLC now owns 53,010 shares of the e-commerce giant's stock worth $9,877,000 after acquiring an additional 1,241 shares during the last quarter. 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.