Investors Sell Shares of Amazon.com Inc. (AMZN) on Strength (AMZN)
Investors sold shares of Amazon.com Inc. (NASDAQ:AMZN) on strength during trading on Monday. $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
A number of research analysts have recently weighed in on AMZN shares. Credit Suisse Group AG reissued an “outperform” rating and set a $800.00 target price on shares of Amazon.com in a research report on Monday, April 18th. Macquarie reissued an “outperform” rating and set a $725.00 target price on shares of Amazon.com in a research report on Tuesday, April 19th. Wedbush reissued an “outperform” rating and set a $700.00 target price on shares of Amazon.com in a research report on Tuesday, April 19th. Goldman Sachs Group Inc. restated a “buy” rating and set a $720.00 price target on shares of Amazon.com in a research note on Thursday, April 21st. Finally, SunTrust Banks Inc. restated a “hold” rating and set a $625.00 price target (up from $600.00) on shares of Amazon.com in a research note on Wednesday, April 20th. Seven investment analysts have rated the stock with a hold rating, forty-four have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Amazon.com currently has an average rating of “Buy” and an average price target of $851.76.
The company has a market capitalization of $362.71 billion and a PE ratio of 190.28. The company has a 50 day moving average of $745.29 and a 200-day moving average of $654.63.
Amazon.com (NASDAQ:AMZN) last released its earnings results 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. During the same period last year, the firm posted $0.19 EPS. The company earned $30.40 billion during the quarter, compared to analysts’ expectations of $29.54 billion. Amazon.com’s quarterly revenue was up 31.1% compared to the same quarter last year. Equities analysts predict that Amazon.com Inc. will post $5.74 earnings per share for the current year.
In related news, Director Patricia Q. Stonesifer sold 6,250 shares of the company’s stock in a transaction on Monday, June 6th. The shares were sold at an average price of $726.27, for a total transaction of $4,539,187.50. Following the sale, the director now owns 13,867 shares of the company’s stock, valued at $10,071,186.09. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, CEO Jeffrey P. Bezos sold 1,000,000 shares of the company’s stock in a transaction on Thursday, August 4th. The shares were sold at an average price of $756.74, for a total transaction of $756,740,000.00. Following the sale, the chief executive officer now directly owns 81,871,067 shares in the company, valued at approximately $61,955,111,241.58. The disclosure for this sale can be found here.
Other large investors have added to or reduced their stakes in the company. FUKOKU MUTUAL LIFE INSURANCE Co increased its stake in 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. Private Capital Management Inc. acquired a new stake in Amazon.com during the fourth quarter worth about $1,294,000. Mandatum Life Insurance Co Ltd acquired a new stake in Amazon.com during the fourth quarter worth about $1,354,000. Bailard Inc. increased its stake in Amazon.com by 147.0% in the fourth quarter. Bailard Inc. now owns 2,465 shares of the e-commerce giant’s stock worth $1,666,000 after buying an additional 1,467 shares during the last quarter. Finally, Alta Park Capital LP acquired a new stake in Amazon.com during the fourth quarter worth about $2,230,000.
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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