Traders Sell Amazon.com (AMZN) on Strength (AMZN)
Traders sold shares of Amazon.com, Inc. (NASDAQ:AMZN) on strength during trading hours on Wednesday. $1,944.60 million flowed into the stock on the tick-up and $2,116.42 million flowed out of the stock on the tick-down, for a money net flow of $171.82 million out of the stock. Of all stocks tracked, Amazon.com had the 2nd highest net out-flow for the day. Amazon.com traded up $7.85 for the day and closed at $1,640.02
Several equities analysts have recently commented on AMZN shares. Royal Bank of Canada reaffirmed a “buy” rating on shares of Amazon.com in a research report on Monday, October 29th. Stifel Nicolaus reaffirmed a “buy” rating and issued a $2,525.00 target price on shares of Amazon.com in a research report on Friday, October 12th. Nomura reaffirmed a “buy” rating on shares of Amazon.com in a research report on Thursday, November 8th. Goldman Sachs Group decreased their target price on Amazon.com from $2,200.00 to $2,000.00 and set a “conviction-buy” rating on the stock in a research report on Friday, January 4th. Finally, SunTrust Banks upped their target price on Amazon.com to $2,250.00 and gave the company a “buy” rating in a research report on Friday, October 26th. Three analysts have rated the stock with a hold rating and forty-seven have assigned a buy rating to the company. Amazon.com has an average rating of “Buy” and a consensus target price of $2,095.16.
The firm has a market cap of $829.39 billion, a price-to-earnings ratio of 360.44, a price-to-earnings-growth ratio of 2.38 and a beta of 1.66. The company has a quick ratio of 0.80, a current ratio of 1.08 and a debt-to-equity ratio of 0.63.
In other Amazon.com news, insider David Zapolsky sold 1,929 shares of the firm’s stock in a transaction on Thursday, November 15th. The stock was sold at an average price of $1,566.09, for a total value of $3,020,987.61. The sale was disclosed in a filing with the SEC, which is available at this link. Also, CEO Jeffrey P. Bezos sold 16,964 shares of the firm’s stock in a transaction on Monday, October 29th. The shares were sold at an average price of $1,632.23, for a total value of $27,689,149.72. Following the completion of the sale, the chief executive officer now directly owns 78,884,539 shares in the company, valued at approximately $128,757,711,091.97. The disclosure for this sale can be found here. In the last ninety days, insiders sold 23,842 shares of company stock worth $38,549,801. Company insiders own 16.30% of the company’s stock.
Hedge funds have recently modified their holdings of the business. JJJ Advisors Inc. bought a new position in Amazon.com during the 2nd quarter worth $175,000. Connor Clark & Lunn Investment Management Ltd. raised its position in Amazon.com by 31.1% during the 2nd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 82,285 shares of the e-commerce giant’s stock worth $139,868,000 after purchasing an additional 19,500 shares during the last quarter. Landaas & Co. WI ADV bought a new position in Amazon.com during the 2nd quarter worth $224,000. Steward Partners Investment Advisory LLC raised its position in Amazon.com by 5.5% during the 2nd quarter. Steward Partners Investment Advisory LLC now owns 25,537 shares of the e-commerce giant’s stock worth $43,408,000 after purchasing an additional 1,342 shares during the last quarter. Finally, Spirit of America Management Corp NY bought a new position in Amazon.com during the 3rd quarter worth $110,000. 55.60% of the stock is currently owned by hedge funds and other institutional investors.
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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