Traders Sell Shares of Amazon.com (AMZN) on Strength (AMZN)
Traders sold shares of Amazon.com, Inc. (NASDAQ:AMZN) on strength during trading on Tuesday. $2,231.54 million flowed into the stock on the tick-up and $2,366.79 million flowed out of the stock on the tick-down, for a money net flow of $135.25 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 $48.14 for the day and closed at $1,987.15
AMZN has been the subject of a number of analyst reports. Zacks Investment Research cut Amazon.com from a “buy” rating to a “hold” rating in a report on Wednesday, June 27th. Morgan Stanley reissued a “buy” rating on shares of Amazon.com in a report on Tuesday, July 17th. Barclays reissued a “buy” rating and set a $1,870.00 price objective on shares of Amazon.com in a report on Friday, July 27th. Cowen lifted their price objective on Amazon.com from $2,000.00 to $2,100.00 and gave the company an “outperform” rating in a report on Friday, July 13th. Finally, KeyCorp reissued a “hold” rating on shares of Amazon.com in a report on Friday, July 27th. Two investment analysts have rated the stock with a hold rating and fifty have issued a buy rating to the stock. The company has an average rating of “Buy” and a consensus price target of $1,976.73.
The company has a quick ratio of 0.78, a current ratio of 1.07 and a debt-to-equity ratio of 0.70. The stock has a market capitalization of $969.21 billion, a P/E ratio of 440.16, a PEG ratio of 4.14 and a beta of 1.60.
In related news, Director Judith A. Mcgrath sold 500 shares of Amazon.com stock in a transaction dated Thursday, August 16th. The stock was sold at an average price of $1,905.00, for a total value of $952,500.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Jeffrey A. Wilke sold 2,000 shares of Amazon.com stock in a transaction dated Wednesday, September 5th. The stock was sold at an average price of $2,004.25, for a total value of $4,008,500.00. Following the completion of the sale, the chief executive officer now owns 10,000 shares of the company’s stock, valued at $20,042,500. The disclosure for this sale can be found here. Over the last quarter, insiders sold 23,308 shares of company stock valued at $43,942,058. Corporate insiders own 16.30% of the company’s stock.
A number of hedge funds have recently made changes to their positions in the stock. Marcus Capital LLC grew its position in shares of Amazon.com by 2.4% during the 2nd quarter. Marcus Capital LLC now owns 1,171 shares of the e-commerce giant’s stock worth $1,990,000 after buying an additional 27 shares during the period. Winthrop Advisory Group LLC grew its position in shares of Amazon.com by 3.8% during the 2nd quarter. Winthrop Advisory Group LLC now owns 744 shares of the e-commerce giant’s stock worth $1,265,000 after buying an additional 27 shares during the period. AMI Investment Management Inc. grew its position in shares of Amazon.com by 17.6% during the 2nd quarter. AMI Investment Management Inc. now owns 180 shares of the e-commerce giant’s stock worth $306,000 after buying an additional 27 shares during the period. BKD Wealth Advisors LLC grew its position in shares of Amazon.com by 3.1% during the 2nd quarter. BKD Wealth Advisors LLC now owns 943 shares of the e-commerce giant’s stock worth $1,603,000 after buying an additional 28 shares during the period. Finally, Beaton Management Co. Inc. grew its position in shares of Amazon.com by 2.8% in the 2nd quarter. Beaton Management Co. Inc. now owns 1,024 shares of the e-commerce giant’s stock valued at $1,740,000 after purchasing an additional 28 shares during the period. Hedge funds and other institutional investors own 57.41% of the company’s stock.
Amazon.com Company Profile (NASDAQ:AMZN)
Amazon.com, Inc engages in the retail sale of consumer products and subscriptions in North America and internationally. The company operates through three segments: North America, International, and Amazon Web Services (AWS) segments. It sells merchandise and content purchased for resale from vendors, as well as those offered by third-party sellers through physical stores and retail Websites, such as amazon.com, amazon.ca, amazon.com.mx, amazon.com.au, amazon.com.br, amazon.cn, amazon.fr, amazon.de, amazon.in, amazon.it, amazon.co.jp, amazon.nl, amazon.es, and amazon.co.uk.
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