Investors Sell Amazon.com Inc. (AMZN) on Strength (AMZN)
Investors sold shares of Amazon.com Inc. (NASDAQ:AMZN) on strength during trading on Tuesday. $356.27 million flowed into the stock on the tick-up and $672.30 million flowed out of the stock on the tick-down, for a money net flow of $316.03 million out of the stock. Of all stocks tracked, Amazon.com had the highest net out-flow for the day. Amazon.com traded up $3.88 for the day and closed at $739.95
Several equities research analysts have recently commented on AMZN shares. Needham & Company LLC reissued a “hold” rating on shares of Amazon.com in a research report on Monday, June 27th. Oppenheimer Holdings Inc. set a $780.00 target price on shares of Amazon.com and gave the stock a “buy” rating in a research report on Monday, May 9th. Deutsche Bank AG reissued a “buy” rating and set a $800.00 target price on shares of Amazon.com in a research report on Monday, April 4th. Stifel Nicolaus boosted their target price on shares of Amazon.com from $750.00 to $775.00 and gave the stock a “buy” rating in a research report on Tuesday, March 29th. Finally, Raymond James Financial Inc. downgraded shares of Amazon.com from a “strong-buy” rating to an “outperform” rating and decreased their target price for the stock from $760.00 to $655.00 in a research report on Tuesday, March 22nd. Six research analysts have rated the stock with a hold rating and forty-five have issued a buy rating to the stock. Amazon.com has an average rating of “Buy” and an average target price of $801.32.
The company has a market cap of $349.13 billion and a PE ratio of 305.01. The company has a 50-day moving average price of $724.41 and a 200-day moving average price of $633.49.
Amazon.com (NASDAQ:AMZN) last announced its earnings results on Thursday, April 28th. The e-commerce giant reported $1.07 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.58 by $0.49. The business had revenue of $29.10 million for the quarter, compared to analysts’ expectations of $27.97 million. During the same quarter last year, the business earned ($0.12) EPS. The company’s quarterly revenue was up 28.2% on a year-over-year basis. On average, equities analysts predict that Amazon.com Inc. will post $5.40 EPS for the current year.
In other news, CEO Jeffrey P. Bezos sold 1,000,000 shares of the stock in a transaction that occurred on Thursday, May 5th. The stock was sold at an average price of $671.29, for a total transaction of $671,290,000.00. Following the transaction, the chief executive officer now owns 82,839,882 shares in the company, valued at approximately $55,609,584,387.78. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, Director Thomas O. Ryder sold 4,000 shares of the stock in a transaction that occurred on Monday, May 16th. The shares were sold at an average price of $707.66, for a total value of $2,830,640.00. Following the transaction, the director now owns 20,453 shares in the company, valued at approximately $14,473,769.98. The disclosure for this sale can be found here.
A number of hedge funds and institutional investors have recently made changes to their positions in the stock. WESPAC Advisors LLC purchased a new position in shares of Amazon.com during the fourth quarter worth $1,105,000. Adirondack Trust Co. raised its position in shares of Amazon.com by 2.3% in the fourth quarter. Adirondack Trust Co. now owns 1,982 shares of the e-commerce giant’s stock worth $1,163,000 after buying an additional 44 shares during the last quarter. Investors Capital Advisory Services raised its position in shares of Amazon.com by 16.0% in the fourth quarter. Investors Capital Advisory Services now owns 1,815 shares of the e-commerce giant’s stock worth $1,226,000 after buying an additional 251 shares during the last quarter. FUKOKU MUTUAL LIFE INSURANCE Co raised its position in shares of Amazon.com by 17.0% in the fourth quarter. FUKOKU MUTUAL LIFE INSURANCE Co now owns 1,895 shares of the e-commerce giant’s stock worth $1,281,000 after buying an additional 275 shares during the last quarter. Finally, Davidson & Garrard Inc. raised its position in shares of Amazon.com by 9.5% in the fourth quarter. Davidson & Garrard Inc. now owns 1,901 shares of the e-commerce giant’s stock worth $1,285,000 after buying an additional 165 shares during the last quarter.
Amazon.com, Inc offers a range of products and services through its Websites. The Company’s products include merchandise and content that it purchases for resale from vendors and those offered by third-party sellers. The Company has three segments: North America, International and Amazon Web Services (AWS).
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