Traders Sell Amazon.com Inc. (AMZN) on Strength (AMZN)
Traders sold shares of Amazon.com Inc. (NASDAQ:AMZN) on strength during trading on Friday. $264.07 million flowed into the stock on the tick-up and $297.24 million flowed out of the stock on the tick-down, for a money net flow of $33.17 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 $1.32 for the day and closed at $772.56
Several analysts have recently commented on AMZN shares. JPMorgan Chase & Co. set a $908.00 target price on Amazon.com and gave the stock a “buy” rating in a research report on Tuesday, July 12th. Piper Jaffray Cos. reaffirmed a “buy” rating and issued a $800.00 target price on shares of Amazon.com in a research report on Friday, July 8th. Cantor Fitzgerald reaffirmed a “buy” rating and issued a $800.00 target price on shares of Amazon.com in a research report on Tuesday, July 5th. Vetr raised Amazon.com from a “hold” rating to a “buy” rating and set a $744.13 target price for the company in a research report on Monday, June 20th. Finally, Canaccord Genuity raised their target price on Amazon.com from $765.00 to $825.00 and gave the stock a “buy” rating in a research report on Sunday, July 24th. 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. The company has an average rating of “Buy” and a consensus price target of $851.20.
The stock has a 50-day moving average price of $743.31 and a 200 day moving average price of $652.79. The firm has a market cap of $366.25 billion and a PE ratio of 192.13.
Amazon.com (NASDAQ:AMZN) last issued its quarterly earnings data on Thursday, July 28th. The e-commerce giant reported $1.78 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.11 by $0.67. During the same quarter in the prior year, the business earned $0.19 earnings per share. The business had revenue of $30.40 billion for the quarter, compared to analyst estimates of $29.54 billion. The firm’s quarterly revenue was up 31.1% compared to the same quarter last year. Equities research analysts expect that Amazon.com Inc. will post $5.74 earnings per share for the current year.
In other news, CEO Andrew R. Jassy sold 2,305 shares of Amazon.com stock in a transaction dated 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 transaction, the chief executive officer now directly owns 81,262 shares in the company, valued at $57,186,507.26. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Thomas O. Ryder sold 4,000 shares of Amazon.com stock in a transaction dated Monday, May 16th. The shares were sold at an average price of $707.66, for a total transaction of $2,830,640.00. Following the transaction, the director now owns 20,453 shares of the company’s stock, valued at $14,473,769.98. The disclosure for this sale can be found here.
Other hedge funds and institutional investors have modified their holdings of the company. Immersion Capital LLP acquired a new position in shares of Amazon.com during the fourth quarter worth about $159,683,000. Green Valley Investors LLC acquired a new position in shares of Amazon.com during the fourth quarter worth about $141,937,000. Dimensional Fund Advisors LP boosted its position in shares of Amazon.com by 18.0% in the fourth quarter. Dimensional Fund Advisors LP now owns 758,695 shares of the e-commerce giant’s stock worth $512,871,000 after buying an additional 115,990 shares in the last quarter. Rovida Advisors Inc. acquired a new position in shares of Amazon.com during the fourth quarter worth about $42,376,000. Finally, Marshall Wace LLP boosted its position in shares of Amazon.com by 87.4% in the fourth quarter. Marshall Wace LLP now owns 111,587 shares of the e-commerce giant’s stock worth $75,420,000 after buying an additional 52,030 shares in 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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