Investors Buy Amazon.com, Inc. (AMZN) on Weakness Following Insider Selling
Traders bought shares of Amazon.com, Inc. (NASDAQ:AMZN) on weakness during trading on Tuesday following insider selling activity. $794.92 million flowed into the stock on the tick-up and $672.61 million flowed out of the stock on the tick-down, for a money net flow of $122.31 million into the stock. Of all stocks tracked, Amazon.com had the 4th highest net in-flow for the day. Amazon.com traded down ($2.43) for the day and closed at $989.84Specifically, CEO Jeffrey A. Wilke sold 710 shares of the firm’s stock in a transaction that occurred on Wednesday, June 28th. The stock was sold at an average price of $985.25, for a total transaction of $699,527.50. Following the completion of the sale, the chief executive officer now owns 10,000 shares in the company, valued at approximately $9,852,500. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, Director Tom A. Alberg sold 800 shares of the firm’s stock in a transaction that occurred on Tuesday, May 30th. The shares were sold at an average price of $1,000.00, for a total value of $800,000.00. Following the sale, the director now owns 20,320 shares of the company’s stock, valued at approximately $20,320,000. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 10,890 shares of company stock valued at $10,800,023. 17.70% of the stock is owned by insiders.
Several brokerages have recently commented on AMZN. UBS AG lowered Amazon.com from an “outperform” rating to a “market perform” rating in a research report on Tuesday, April 25th. Wedbush reiterated a “buy” rating and issued a $1,250.00 target price on shares of Amazon.com in a research report on Friday, July 28th. Aegis lifted their target price on Amazon.com from $1,069.00 to $1,171.00 and gave the stock a “buy” rating in a research report on Friday, July 28th. Mizuho reiterated a “buy” rating and issued a $1,250.00 target price on shares of Amazon.com in a research report on Monday. Finally, Oppenheimer Holdings, Inc. reiterated a “buy” rating on shares of Amazon.com in a research report on Friday, July 28th. One equities research analyst has rated the stock with a sell rating, four have given a hold rating, forty-three have issued a buy rating and one has assigned a strong buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and an average price target of $1,065.61.
The company has a market capitalization of $475.50 billion, a P/E ratio of 251.74 and a beta of 1.48. The firm’s 50-day moving average is $1,000.69 and its 200 day moving average is $920.11.
Amazon.com (NASDAQ:AMZN) last posted its earnings results on Thursday, July 27th. The e-commerce giant reported $0.40 earnings per share for the quarter, missing the Zacks’ consensus estimate of $1.40 by $1.00. Amazon.com had a return on equity of 9.38% and a net margin of 1.28%. The business had revenue of $37.96 billion during the quarter, compared to analyst estimates of $37.18 billion. During the same quarter in the prior year, the company earned $1.78 EPS. The company’s revenue was up 24.8% on a year-over-year basis. On average, equities analysts expect that Amazon.com, Inc. will post $3.84 earnings per share for the current fiscal year.
Several large investors have recently bought and sold shares of the company. Baltimore Washington Financial Advisors Inc. acquired a new stake in Amazon.com during the fourth quarter worth $23,951,000. WealthTrust Arizona LLC raised its stake in Amazon.com by 2.7% in the second quarter. WealthTrust Arizona LLC now owns 114 shares of the e-commerce giant’s stock worth $110,000 after buying an additional 3 shares in the last quarter. OLD Second National Bank of Aurora raised its stake in Amazon.com by 15.0% in the first quarter. OLD Second National Bank of Aurora now owns 115 shares of the e-commerce giant’s stock worth $102,000 after buying an additional 15 shares in the last quarter. LeJeune Puetz Investment Counsel LLC acquired a new stake in Amazon.com during the second quarter worth $116,000. Finally, Farmers & Merchants Investments Inc. raised its stake in Amazon.com by 560.0% in the second quarter. Farmers & Merchants Investments Inc. now owns 132 shares of the e-commerce giant’s stock worth $128,000 after buying an additional 112 shares in the last quarter. Institutional investors own 62.17% of the company’s stock.
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Amazon.com Company Profile
Amazon.com, Inc offers a range of products and services through its Websites. The Company operates through three segments: North America, International and Amazon Web Services (AWS). The North America segment consists of retail sales of consumer products (including from sellers) and subscriptions through North America-focused Websites, such as www.amazon.com, www.amazon.ca and www.amazon.com.mx.
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