Investors Sell Amazon.com Inc. (AMZN) on Strength (AMZN)
Traders sold shares of Amazon.com Inc. (NASDAQ:AMZN) on strength during trading hours on Friday. $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 companies 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 equities analysts recently issued reports on AMZN shares. Needham & Company LLC restated a “hold” rating on shares of Amazon.com in a research note on Monday, June 27th. Oppenheimer Holdings Inc. set a $780.00 price objective on Amazon.com and gave the stock a “buy” rating in a research note on Monday, May 9th. Piper Jaffray Cos. restated a “buy” rating and set a $800.00 price objective on shares of Amazon.com in a research note on Sunday, July 31st. Raymond James Financial Inc. restated a “buy” rating and set a $770.00 price objective on shares of Amazon.com in a research note on Wednesday, June 8th. Finally, Pacific Crest restated a “buy” rating and set a $820.00 price objective on shares of Amazon.com in a research note on Friday, July 15th. Seven research analysts have rated the stock with a hold rating, forty-four have issued a buy rating and one has assigned a strong buy rating to the company. The stock has an average rating of “Buy” and an average target price of $852.39.
The stock’s 50 day moving average is $758.45 and its 200-day moving average is $675.84. The company has a market capitalization of $366.19 billion and a P/E ratio of 192.10.
Amazon.com (NASDAQ:AMZN) last posted its quarterly earnings data on Thursday, July 28th. The e-commerce giant reported $1.78 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $1.11 by $0.67. During the same period in the previous year, the business earned $0.19 earnings per share. The company had revenue of $30.40 billion for the quarter, compared to analysts’ expectations of $29.54 billion. The business’s revenue for the quarter was up 31.1% on a year-over-year basis. Equities analysts anticipate 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 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 transaction, the director now directly 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 accessible through the SEC website. Also, VP Shelley Reynolds sold 625 shares of the stock in a transaction on Monday, August 15th. The shares were sold at an average price of $770.10, for a total transaction of $481,312.50. Following the transaction, the vice president now directly owns 6,519 shares in the company, valued at $5,020,281.90. The disclosure for this sale can be found here.
Other institutional investors recently bought and sold shares of the company. Bbva Compass Bancshares Inc. increased 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 valued at $18,915,000 after buying an additional 1,712 shares during the last quarter. South Texas Money Management Ltd. boosted its stake in shares of 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. Calvert Investment Management Inc. boosted its stake in shares of 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 worth $15,462,000 after buying an additional 6,427 shares during the period. Private Capital Management Inc. acquired a new stake in shares of Amazon.com during the fourth quarter worth approximately $1,294,000. Finally, Alta Park Capital LP acquired a new stake in shares of Amazon.com during the fourth quarter worth approximately $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).
Get Analysts' Upgrades and Downgrades Daily - Enter your email address below to receive a concise daily summary of analysts' upgrades, downgrades and new coverage with MarketBeat.com's FREE daily email newsletter.