Traders Sell Shares of Amazon.com Inc. (AMZN) on Strength (AMZN)
Traders sold shares of Amazon.com Inc. (NASDAQ:AMZN) on strength during trading on Monday. $398.05 million flowed into the stock on the tick-up and $486.01 million flowed out of the stock on the tick-down, for a money net flow of $87.96 million out of the stock. Of all stocks tracked, Amazon.com had the 3rd highest net out-flow for the day. Amazon.com traded up $1.82 for the day and closed at $772.44
A number of research analysts recently commented on AMZN shares. Oppenheimer Holdings Inc. set a $780.00 price target on Amazon.com and gave the stock a “buy” rating in a research report on Monday, May 9th. Sanford C. Bernstein restated a “buy” rating and issued a $1,000.00 price target (up previously from $770.00) on shares of Amazon.com in a research report on Tuesday, May 10th. Piper Jaffray Cos. restated a “buy” rating and issued a $800.00 price target on shares of Amazon.com in a research report on Tuesday, May 10th. Credit Suisse Group AG decreased their price target on Amazon.com in a research report on Tuesday, May 10th. Finally, Vetr cut Amazon.com from a “hold” rating to a “sell” rating and set a $669.78 price target on the stock. in a research report on Tuesday, May 10th. Seven analysts have rated the stock with a hold rating, forty-four have issued a buy rating and one has issued a strong buy rating to the company’s stock. The stock has a consensus rating of “Buy” and an average price target of $852.39.
The company has a market capitalization of $366.19 billion and a P/E ratio of 192.10. The firm’s 50-day moving average price is $758.45 and its 200-day moving average price is $675.84.
Amazon.com (NASDAQ:AMZN) last issued its quarterly earnings data on Thursday, July 28th. The e-commerce giant reported $1.78 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.11 by $0.67. The company had revenue of $30.40 billion for the quarter, compared to the consensus estimate of $29.54 billion. The company’s revenue was up 31.1% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.19 earnings per share. On average, equities research analysts forecast that Amazon.com Inc. will post $5.76 earnings per share for the current year.
In other news, CEO Jeffrey P. Bezos sold 1,000,000 shares of the company’s stock in a transaction that occurred on 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 transaction, the chief executive officer now owns 81,871,067 shares of the company’s stock, valued at $61,955,111,241.58. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, VP Shelley Reynolds sold 625 shares of the company’s stock in a transaction that occurred on Monday, August 15th. The shares were sold at an average price of $770.10, for a total value of $481,312.50. Following the transaction, the vice president now directly owns 6,519 shares in the company, valued at approximately $5,020,281.90. The disclosure for this sale can be found here.
Other hedge funds and institutional investors have added to or reduced their stakes in the company. Private Capital Management Inc. acquired a new position in Amazon.com during the fourth quarter worth approximately $1,294,000. South Texas Money Management Ltd. boosted its position 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 in the last quarter. Stephens Inc. AR boosted its position in Amazon.com by 31.2% in the fourth quarter. Stephens Inc. AR now owns 5,344 shares of the e-commerce giant’s stock worth $3,612,000 after buying an additional 1,272 shares in the last quarter. Rail Splitter Capital Management LLC boosted its position in Amazon.com by 15.9% in the fourth quarter. Rail Splitter Capital Management LLC now owns 24,610 shares of the e-commerce giant’s stock worth $16,634,000 after buying an additional 3,382 shares in the last quarter. Finally, Bbva Compass Bancshares Inc. boosted its position in Amazon.com by 6.5% in the fourth quarter. Bbva Compass Bancshares Inc. now owns 27,985 shares of the e-commerce giant’s stock worth $18,915,000 after buying an additional 1,712 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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