Investors Sell Amazon.com, Inc. (AMZN) on Strength (AMZN)
Traders sold shares of Amazon.com, Inc. (NASDAQ:AMZN) on strength during trading on Thursday. $636.00 million flowed into the stock on the tick-up and $906.95 million flowed out of the stock on the tick-down, for a money net flow of $270.95 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 $13.01 for the day and closed at $980.60
AMZN has been the subject of a number of research reports. Aegis reaffirmed a “buy” rating on shares of Amazon.com in a research report on Monday, May 22nd. Loop Capital reaffirmed a “buy” rating and set a $1,100.00 price target on shares of Amazon.com in a research report on Friday, May 19th. Oppenheimer Holdings, Inc. reaffirmed a “buy” rating and set a $1,100.00 price target (up from $970.00) on shares of Amazon.com in a research report on Monday, May 15th. MKM Partners reaffirmed a “buy” rating and set a $1,095.00 price target (up from $995.00) on shares of Amazon.com in a research report on Monday, May 8th. Finally, Jefferies Group LLC reaffirmed a “buy” rating and set a $1,150.00 price target on shares of Amazon.com in a research report on Thursday, June 1st. One analyst has rated the stock with a sell rating, three have assigned a hold rating, forty-five have issued a buy rating and two have issued a strong buy rating to the stock. Amazon.com presently has a consensus rating of “Buy” and an average price target of $1,088.16.
The company has a market cap of $469.93 billion, a P/E ratio of 248.79 and a beta of 1.48. The stock has a 50 day moving average of $989.56 and a 200-day moving average of $940.87.
Amazon.com (NASDAQ:AMZN) last posted its quarterly earnings results on Thursday, July 27th. The e-commerce giant reported $0.40 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ 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 firm had revenue of $37.96 billion for the quarter, compared to the consensus estimate of $37.18 billion. During the same period last year, the company posted $1.78 earnings per share. The business’s revenue was up 24.8% compared to the same quarter last year. Equities research analysts predict that Amazon.com, Inc. will post $4.01 earnings per share for the current fiscal year.
In other Amazon.com news, CEO Jeffrey A. Wilke sold 2,670 shares of the company’s stock in a transaction on Tuesday, June 6th. The shares were sold at an average price of $1,010.64, for a total value of $2,698,408.80. Following the transaction, the chief executive officer now directly owns 10,000 shares in the company, valued at $10,106,400. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, VP Shelley Reynolds sold 544 shares of the company’s stock in a transaction on Tuesday, August 15th. The shares were sold at an average price of $986.52, for a total transaction of $536,666.88. Following the completion of the transaction, the vice president now owns 6,533 shares in the company, valued at $6,444,935.16. The disclosure for this sale can be found here. Over the last quarter, insiders sold 14,463 shares of company stock worth $14,294,906. Corporate insiders own 17.70% of the company’s stock.
Several institutional investors have recently added to or reduced their stakes in AMZN. Vestor Capital LLC increased its position in Amazon.com by 10.1% in the second quarter. Vestor Capital LLC now owns 109 shares of the e-commerce giant’s stock valued at $106,000 after buying an additional 10 shares in the last quarter. WealthTrust Arizona LLC increased its position in Amazon.com by 2.7% in the second quarter. WealthTrust Arizona LLC now owns 114 shares of the e-commerce giant’s stock valued at $110,000 after buying an additional 3 shares in the last quarter. OLD Second National Bank of Aurora increased its position 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 valued at $102,000 after buying an additional 15 shares in the last quarter. LeJeune Puetz Investment Counsel LLC bought a new position in Amazon.com during the second quarter valued at approximately $116,000. Finally, Mountain Capital Investment Advisors Inc bought a new position in Amazon.com during the second quarter valued at approximately $121,000. Hedge funds and other institutional investors own 60.79% 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 Company’s products include merchandise and content that it purchases for resale from vendors and those offered by third-party sellers.
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