Traders sold shares of Amazon.com Inc. (NASDAQ:AMZN) on strength during trading on Thursday. $341.38 million flowed into the stock on the tick-up and $414.57 million flowed out of the stock on the tick-down, for a money net flow of $73.19 million out of the stock. Of all stocks tracked, Amazon.com had the 0th highest net out-flow for the day. Amazon.com traded up $1.46 for the day and closed at $770.62

Several brokerages recently weighed in on AMZN. JMP Securities reiterated a “buy” rating on shares of Amazon.com in a research report on Sunday, July 17th. Bank of America Corp. restated a “buy” rating and set a $840.00 price target on shares of Amazon.com in a research report on Sunday, July 17th. Cantor Fitzgerald restated a “buy” rating on shares of Amazon.com in a research report on Saturday, June 4th. Jefferies Group restated a “buy” rating on shares of Amazon.com in a research report on Saturday, June 4th. Finally, Deutsche Bank AG restated a “buy” rating and set a $900.00 price target on shares of Amazon.com in a research report on Sunday, July 10th. Seven research 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. The company currently has an average rating of “Buy” and an average target price of $852.39.

The stock has a market capitalization of $366.19 billion and a price-to-earnings ratio of 192.10. The company’s 50 day moving average is $758.45 and its 200 day moving average is $675.84.

Amazon.com (NASDAQ:AMZN) last announced its quarterly earnings results on Thursday, July 28th. The e-commerce giant reported $1.78 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.11 by $0.67. During the same period in the prior year, the business earned $0.19 earnings per share. The firm had revenue of $30.40 billion for the quarter, compared to the consensus estimate of $29.54 billion. The company’s revenue for the quarter was up 31.1% on a year-over-year basis. Analysts forecast that Amazon.com Inc. will post $5.76 earnings per share for the current year.

In other Amazon.com news, Director Patricia Q. Stonesifer sold 6,250 shares of the business’s stock in a transaction dated Monday, June 6th. The shares were sold at an average price of $726.27, for a total value of $4,539,187.50. Following the completion of the transaction, the director now directly owns 13,867 shares of the company’s stock, valued at $10,071,186.09. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, insider Jeffrey M. Blackburn sold 10,000 shares of the business’s stock in a transaction dated Tuesday, August 2nd. The stock was sold at an average price of $760.98, for a total transaction of $7,609,800.00. Following the completion of the transaction, the insider now directly owns 55,887 shares of the company’s stock, valued at $42,528,889.26. The disclosure for this sale can be found here.

Several institutional investors recently made changes to their positions in AMZN. Dimensional Fund Advisors LP increased 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. State of Tennessee Treasury Department increased its position in shares of Amazon.com by 2.9% in the fourth quarter. State of Tennessee Treasury Department now owns 324,407 shares of the e-commerce giant’s stock worth $219,263,000 after buying an additional 9,224 shares in the last quarter. Westfield Capital Management Co. LP increased its position in shares of 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 in the last quarter. I.G. Investment Management LTD. increased its position in shares of 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 in the last quarter. Finally, KBC Group NV increased its position in shares of Amazon.com by 12.7% in the fourth quarter. KBC Group NV now owns 72,435 shares of the e-commerce giant’s stock worth $48,958,000 after buying an additional 8,149 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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