Investors Sell Shares of Amazon.com Inc. (AMZN) on Strength (AMZN)
Investors sold shares of Amazon.com Inc. (NASDAQ:AMZN) on strength during trading hours on Friday. $547.27 million flowed into the stock on the tick-up and $629.60 million flowed out of the stock on the tick-down, for a money net flow of $82.33 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 $9.78 for the day and closed at $769.00
A number of equities analysts have recently issued reports on AMZN shares. Oppenheimer Holdings Inc. set a $780.00 price objective on shares of Amazon.com and gave the company a “buy” rating in a research note on Monday, May 9th. Credit Suisse Group AG dropped their price objective on shares of Amazon.com in a research note on Tuesday, May 10th. Cantor Fitzgerald restated a “buy” rating on shares of Amazon.com in a research note on Sunday, August 14th. Zacks Investment Research upgraded shares of Amazon.com from a “hold” rating to a “buy” rating and set a $824.00 price objective for the company in a research note on Tuesday, July 19th. Finally, Sanford C. Bernstein restated an “outperform” rating on shares of Amazon.com in a research note on Thursday, May 26th. Seven equities research analysts have rated the stock with a hold rating, forty-four have issued a buy rating and one has given a strong buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and an average price target of $852.39.
The company’s 50-day moving average price is $755.13 and its 200-day moving average price is $667.33. The company has a market capitalization of $364.56 billion and a price-to-earnings ratio of 191.25.
Amazon.com (NASDAQ:AMZN) last released its quarterly earnings results on Thursday, July 28th. The e-commerce giant reported $1.78 EPS for the quarter, beating analysts’ consensus estimates of $1.11 by $0.67. The company earned $30.40 billion during the quarter, compared to analysts’ expectations of $29.54 billion. During the same period in the previous year, the company posted $0.19 earnings per share. The company’s quarterly revenue was up 31.1% compared to the same quarter last year. On average, analysts expect that Amazon.com Inc. will post $5.76 EPS for the current year.
In other news, CEO Andrew R. Jassy sold 2,305 shares of the stock in a transaction on Monday, August 15th. The stock was sold at an average price of $769.75, for a total transaction of $1,774,273.75. Following the completion of the transaction, the chief executive officer now owns 84,446 shares in the company, valued at approximately $65,002,308.50. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Patricia Q. Stonesifer sold 6,250 shares of the stock in a transaction on Monday, June 6th. The stock was sold at an average price of $726.27, for a total value of $4,539,187.50. Following the transaction, the director now owns 13,867 shares of the company’s stock, valued at approximately $10,071,186.09. The disclosure for this sale can be found here.
Other hedge funds and institutional investors have recently bought and sold shares of the company. Schwab Charles Investment Management Inc. increased its position in Amazon.com by 4.6% in the fourth quarter. Schwab Charles Investment Management Inc. now owns 1,045,154 shares of the e-commerce giant’s stock valued at $706,410,000 after buying an additional 45,740 shares during the last quarter. Calvert Investment Management Inc. increased its position in Amazon.com by 39.1% in the fourth quarter. Calvert Investment Management Inc. now owns 22,876 shares of the e-commerce giant’s stock valued at $15,462,000 after buying an additional 6,427 shares during the last quarter. Private Capital Management Inc. purchased a new position in Amazon.com during the fourth quarter valued at $1,294,000. Montag A & Associates Inc. increased its position in Amazon.com by 1.8% in the fourth quarter. Montag A & Associates Inc. now owns 4,651 shares of the e-commerce giant’s stock valued at $3,144,000 after buying an additional 83 shares during the last quarter. Finally, Alta Park Capital LP purchased a new position in Amazon.com during the fourth quarter valued at $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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