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.

Amazon.com (NASDAQ:AMZN) last issued its earnings results on Thursday, October 25th. The e-commerce giant reported $5.75 earnings per share for the quarter, beating the Zacks’ consensus estimate of $3.29 by $2.46. The firm had revenue of $56.58 billion for the quarter, compared to the consensus estimate of $57.05 billion. Amazon.com had a return on equity of 24.35% and a net margin of 4.03%. As a group, equities research analysts predict that Amazon.com, Inc. will post 19.51 earnings per share for the current year.

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.

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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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