Investors Sell Shares of Amazon.com (AMZN) on Strength (AMZN)
Traders sold shares of Amazon.com, Inc. (NASDAQ:AMZN) on strength during trading hours on Tuesday. $593.86 million flowed into the stock on the tick-up and $694.22 million flowed out of the stock on the tick-down, for a money net flow of $100.36 million out of the stock. Of all equities tracked, Amazon.com had the 2nd highest net out-flow for the day. Amazon.com traded up $8.40 for the day and closed at $1,176.76
AMZN has been the topic of several research reports. Canaccord Genuity reaffirmed a “buy” rating and issued a $1,200.00 target price on shares of Amazon.com in a report on Wednesday, October 11th. Wedbush set a $1,250.00 target price on Amazon.com and gave the stock a “buy” rating in a report on Monday, October 23rd. Royal Bank of Canada set a $1,100.00 target price on Amazon.com and gave the stock a “buy” rating in a report on Monday, September 11th. Morgan Stanley reissued a “buy” rating and set a $1,150.00 price objective on shares of Amazon.com in a research note on Tuesday, October 10th. Finally, Atlantic Securities reissued a “buy” rating on shares of Amazon.com in a research note on Friday, October 27th. Four analysts have rated the stock with a hold rating and fifty-one have issued a buy rating to the stock. The company currently has a consensus rating of “Buy” and a consensus price target of $1,237.19.
The firm has a market cap of $563,000.00, a PE ratio of 297.16, a PEG ratio of 13.22 and a beta of 1.46. The company has a quick ratio of 0.74, a current ratio of 1.03 and a debt-to-equity ratio of 1.00.
Amazon.com (NASDAQ:AMZN) last announced its quarterly earnings results on Thursday, October 26th. The e-commerce giant reported $0.52 earnings per share for the quarter, missing analysts’ consensus estimates of $1.09 by ($0.57). The company had revenue of $43.74 billion during the quarter, compared to analysts’ expectations of $42.26 billion. Amazon.com had a net margin of 1.20% and a return on equity of 8.67%. Amazon.com’s revenue was up 33.7% on a year-over-year basis. During the same period last year, the firm earned $0.52 earnings per share. sell-side analysts anticipate that Amazon.com, Inc. will post 4.24 EPS for the current fiscal year.
In related news, Director Tom A. Alberg sold 1,860 shares of the company’s stock in a transaction that occurred on Monday, November 6th. The shares were sold at an average price of $1,109.20, for a total transaction of $2,063,112.00. Following the completion of the transaction, the director now owns 18,460 shares of the company’s stock, valued at $20,475,832. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Jeffrey P. Bezos sold 391,110 shares of the company’s stock in a transaction that occurred on Wednesday, November 1st. The stock was sold at an average price of $1,103.53, for a total transaction of $431,601,618.30. Following the transaction, the chief executive officer now directly owns 79,891,433 shares of the company’s stock, valued at approximately $88,162,593,058.49. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 402,338 shares of company stock worth $444,391,701. Company insiders own 17.00% of the company’s stock.
Several institutional investors have recently added to or reduced their stakes in the company. Goelzer Investment Management Inc. lifted its stake in Amazon.com by 48.7% in the second quarter. Goelzer Investment Management Inc. now owns 397 shares of the e-commerce giant’s stock valued at $384,000 after acquiring an additional 130 shares during the last quarter. Lakeview Capital Partners LLC increased its holdings in Amazon.com by 19.6% in the 2nd quarter. Lakeview Capital Partners LLC now owns 1,074 shares of the e-commerce giant’s stock valued at $1,040,000 after buying an additional 176 shares during the period. R. G. Niederhoffer Capital Management Inc. bought a new stake in Amazon.com in the 2nd quarter valued at $871,000. IBM Retirement Fund increased its holdings in Amazon.com by 76.6% in the 2nd quarter. IBM Retirement Fund now owns 9,728 shares of the e-commerce giant’s stock valued at $10,523,000 after buying an additional 4,218 shares during the period. Finally, Murphy Capital Management Inc. increased its holdings in Amazon.com by 1.4% in the 2nd quarter. Murphy Capital Management Inc. now owns 9,856 shares of the e-commerce giant’s stock valued at $9,540,000 after buying an additional 140 shares during the period. 59.77% of the stock is owned by institutional investors.
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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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