Traders sold shares of Amazon.com Inc. (NASDAQ:AMZN) on strength during trading hours on Wednesday. $269.79 million flowed into the stock on the tick-up and $293.28 million flowed out of the stock on the tick-down, for a money net flow of $23.49 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 $1.58 for the day and closed at $769.16

A number of equities research analysts recently issued reports on the company. Cantor Fitzgerald reissued a “buy” rating on shares of Amazon.com in a research report on Sunday, August 14th. Morgan Stanley reissued an “overweight” rating and set a $800.00 price target on shares of Amazon.com in a research report on Monday, August 15th. Vetr downgraded Amazon.com from a “buy” rating to a “hold” rating and set a $798.81 price target on the stock. in a research report on Wednesday, August 10th. Bank of America Corp. reissued a “buy” rating and set a $860.00 price target on shares of Amazon.com in a research report on Monday, August 15th. Finally, Argus reissued a “hold” rating on shares of Amazon.com in a research report on Monday, August 1st. Seven investment analysts have rated the stock with a hold rating, forty-four have given a buy rating and one has assigned a strong buy rating to the stock. The stock has an average rating of “Buy” and a consensus price target of $852.39.

The stock has a 50-day moving average price of $756.80 and a 200-day moving average price of $674.46. The company has a market capitalization of $364.64 billion and a P/E ratio of 191.29.

Amazon.com (NASDAQ:AMZN) last posted its earnings results on Thursday, July 28th. The e-commerce giant reported $1.78 earnings per share for the quarter, topping analysts’ consensus estimates of $1.11 by $0.67. The business earned $30.40 billion during the quarter, compared to the consensus estimate of $29.54 billion. During the same quarter last year, the firm earned $0.19 earnings per share. The business’s quarterly revenue was up 31.1% on a year-over-year basis. On average, analysts anticipate 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 business’s stock in a transaction dated Monday, August 15th. The shares were sold at an average price of $769.75, for a total value of $1,774,273.75. Following the sale, the chief executive officer now directly owns 84,446 shares in the company, valued at approximately $65,002,308.50. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CEO Jeffrey P. Bezos sold 1,000,000 shares of the business’s stock in a transaction dated Thursday, August 4th. The stock was sold at an average price of $756.74, for a total transaction of $756,740,000.00. Following the completion of the sale, the chief executive officer now owns 81,871,067 shares in the company, valued at $61,955,111,241.58. The disclosure for this sale can be found here.

Several hedge funds have bought and sold shares of AMZN. Alta Park Capital LP acquired a new stake in Amazon.com during the fourth quarter worth $2,230,000. Westfield Capital Management Co. LP increased its stake in Amazon.com by 1.7% in the fourth quarter. Westfield Capital Management Co. LP now owns 288,023 shares of the e-commerce giant’s stock worth $194,672,000 after buying an additional 4,746 shares during the period. I.G. Investment Management LTD. increased its stake in Amazon.com by 24.9% in the fourth quarter. I.G. Investment Management LTD. now owns 113,595 shares of the e-commerce giant’s stock worth $76,778,000 after buying an additional 22,612 shares during the period. Redwood Investments LLC increased its stake in Amazon.com by 20.5% in the fourth quarter. Redwood Investments LLC now owns 36,424 shares of the e-commerce giant’s stock worth $24,619,000 after buying an additional 6,195 shares during the period. Finally, South Texas Money Management Ltd. increased its stake in Amazon.com by 4.5% in the fourth quarter. South Texas Money Management Ltd. now owns 1,957 shares of the e-commerce giant’s stock worth $1,323,000 after buying an additional 84 shares during the period.

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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