Traders sold shares of Amazon.com Inc. (NASDAQ:AMZN) on strength during trading on Wednesday. $524.32 million flowed into the stock on the tick-up and $579.06 million flowed out of the stock on the tick-down, for a money net flow of $54.74 million out of the stock. Of all equities tracked, Amazon.com had the 0th highest net out-flow for the day. Amazon.com traded up $1.08 for the day and closed at $736.67

Several research analysts have issued reports on the company. Citigroup Inc. reissued a “buy” rating and issued a $760.00 target price (down from $780.00) on shares of Amazon.com in a research report on Friday, April 1st. Goldman Sachs Group Inc. reaffirmed a “buy” rating and set a $720.00 price objective on shares of Amazon.com in a research report on Thursday, April 21st. Pacific Crest reaffirmed an “overweight” rating and set a $800.00 price objective on shares of Amazon.com in a research report on Tuesday, May 17th. Jefferies Group reaffirmed a “buy” rating and set a $865.00 price objective on shares of Amazon.com in a research report on Monday, June 27th. Finally, Zacks Investment Research raised Amazon.com from a “hold” rating to a “buy” rating and set a $774.00 price objective on the stock in a research report on Tuesday, June 28th. Six equities research analysts have rated the stock with a hold rating and forty-five have issued a buy rating to the stock. The stock has an average rating of “Buy” and a consensus target price of $816.08.

The stock has a 50 day moving average of $727.28 and a 200-day moving average of $638.53. The firm has a market capitalization of $347.58 billion and a P/E ratio of 303.66.

Amazon.com (NASDAQ:AMZN) last released its earnings results on Thursday, April 28th. The e-commerce giant reported $1.07 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.58 by $0.49. The business had revenue of $29.10 million for the quarter, compared to analyst estimates of $27.97 million. During the same quarter in the previous year, the firm posted ($0.12) EPS. The business’s revenue for the quarter was up 28.2% on a year-over-year basis. Equities analysts expect 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 business’s 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 sale, the chief executive officer now owns 82,839,882 shares of the company’s stock, valued at approximately $55,609,584,387.78. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Andrew R. Jassy sold 2,305 shares of the business’s stock in a transaction that occurred on Monday, May 16th. The stock was sold at an average price of $703.73, for a total value of $1,622,097.65. Following the sale, the chief executive officer now directly owns 81,262 shares in the company, valued at approximately $57,186,507.26. The disclosure for this sale can be found here.

Several large investors have recently made changes to their positions in the company. Investors Capital Advisory Services raised its stake 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 valued at $1,226,000 after buying an additional 251 shares during the period. FUKOKU MUTUAL LIFE INSURANCE Co raised its stake 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 valued at $1,281,000 after buying an additional 275 shares during the period. Davidson & Garrard Inc. raised its stake 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 valued at $1,285,000 after buying an additional 165 shares during the period. Adirondack Trust Co. raised its stake 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 valued at $1,163,000 after buying an additional 44 shares during the period. Finally, Mandatum Life Insurance Co Ltd purchased a new stake in shares of Amazon.com during the fourth quarter valued at approximately $1,354,000.

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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