Investors Sell Shares of Amazon.com Inc. (AMZN) on Strength (AMZN)
Traders sold shares of Amazon.com Inc. (NASDAQ:AMZN) on strength during trading on Thursday. $381.35 million flowed into the stock on the tick-up and $435.00 million flowed out of the stock on the tick-down, for a money net flow of $53.65 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 $2.68 for the day and closed at $771.24
AMZN has been the topic of several recent research reports. Oppenheimer Holdings Inc. set a $780.00 target price on Amazon.com and gave the company a “buy” rating in a report on Monday, May 9th. Wedbush restated an “outperform” rating and set a $700.00 target price on shares of Amazon.com in a report on Tuesday, April 19th. Goldman Sachs Group Inc. raised their target price on Amazon.com from $720.00 to $800.00 and gave the company a “buy” rating in a report on Friday, April 29th. Axiom Securities raised their target price on Amazon.com from $797.00 to $811.00 and gave the company a “buy” rating in a report on Friday, April 29th. Finally, Credit Suisse Group AG cut their target price on Amazon.com in a report on Tuesday, May 10th. Eight equities research analysts have rated the stock with a hold rating, forty-three have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and a consensus target price of $851.20.
The firm’s 50 day moving average price is $741.87 and its 200 day moving average price is $651.53. The company has a market cap of $365.62 billion and a PE ratio of 191.80.
Amazon.com (NASDAQ:AMZN) last announced its quarterly earnings data on Thursday, July 28th. The e-commerce giant reported $1.78 EPS for the quarter, topping the consensus estimate of $1.11 by $0.67. The company earned $30.40 billion during the quarter, compared to the consensus estimate of $29.54 billion. The business’s revenue was up 31.1% on a year-over-year basis. During the same period in the prior year, the firm posted $0.19 EPS. Equities research analysts expect that Amazon.com Inc. will post $5.74 EPS for the current fiscal year.
In other news, Director Thomas O. Ryder sold 4,000 shares of the business’s 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 sale, the director now owns 20,453 shares of the company’s stock, valued at $14,473,769.98. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, CEO Andrew R. Jassy sold 2,305 shares of the business’s stock in a transaction that occurred on Monday, May 16th. The shares were sold at an average price of $703.73, for a total transaction of $1,622,097.65. Following the completion of 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.
Other hedge funds have bought and sold shares of the company. Mizuho Trust & Banking Co. Ltd. raised its stake in Amazon.com by 1.4% in the fourth quarter. Mizuho Trust & Banking Co. Ltd. now owns 602,731 shares of the e-commerce giant’s stock valued at $415,324,000 after buying an additional 8,603 shares during the period. Private Advisor Group LLC raised its stake in Amazon.com by 38.7% in the fourth quarter. Private Advisor Group LLC now owns 15,136 shares of the e-commerce giant’s stock valued at $10,230,000 after buying an additional 4,220 shares during the period. GSA Capital Partners LLP raised its stake in Amazon.com by 75.7% in the fourth quarter. GSA Capital Partners LLP now owns 16,199 shares of the e-commerce giant’s stock valued at $10,949,000 after buying an additional 6,978 shares during the period. JW Asset Management LLC raised its stake in Amazon.com by 143.9% in the fourth quarter. JW Asset Management LLC now owns 20,339 shares of the e-commerce giant’s stock valued at $13,747,000 after buying an additional 12,000 shares during the period. Finally, Azimuth Capital Management LLC acquired a new stake in Amazon.com during the fourth quarter valued at about $8,848,000.
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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