Investors Buy Large Volume of Amazon.com Call Options (AMZN)

Amazon.com, Inc. (NASDAQ:AMZN) saw unusually large options trading on Thursday. Traders purchased 100,803 call options on the stock. This represents an increase of 177% compared to the typical volume of 36,447 call options.

Several equities research analysts have commented on AMZN shares. Stifel Nicolaus restated a “buy” rating and issued a $1,025.00 target price on shares of Amazon.com in a research note on Monday, April 24th. Instinet boosted their price target on Amazon.com from $925.00 to $975.00 and gave the stock a “buy” rating in a research report on Monday, April 24th. Nomura reaffirmed a “buy” rating and set a $975.00 price target on shares of Amazon.com in a research report on Monday, April 24th. MKM Partners reissued a “buy” rating and set a $995.00 target price on shares of Amazon.com in a report on Tuesday, April 25th. Finally, Cantor Fitzgerald reissued a “buy” rating and set a $970.00 target price on shares of Amazon.com in a report on Friday, April 28th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating, forty-four have given a buy rating and two have assigned a strong buy rating to the company. Amazon.com currently has an average rating of “Buy” and a consensus target price of $1,078.80.

In other news, CEO Andrew R. Jassy sold 1,985 shares of Amazon.com stock in a transaction dated Tuesday, August 15th. The stock was sold at an average price of $986.12, for a total transaction of $1,957,448.20. Following the transaction, the chief executive officer now owns 81,479 shares in the company, valued at approximately $80,348,071.48. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Jeffrey A. Wilke sold 2,000 shares of Amazon.com stock in a transaction dated Monday, June 5th. The shares were sold at an average price of $1,011.06, for a total value of $2,022,120.00. Following the transaction, the chief executive officer now owns 10,000 shares in the company, valued at approximately $10,110,600. The disclosure for this sale can be found here. Insiders have sold a total of 16,463 shares of company stock valued at $16,299,266 over the last 90 days. Corporate insiders own 17.70% of the company’s stock.

Several hedge funds have recently added to or reduced their stakes in AMZN. WFG Advisors LP boosted its stake in shares of Amazon.com by 45.4% in the second quarter. WFG Advisors LP now owns 1,599 shares of the e-commerce giant’s stock valued at $1,548,000 after buying an additional 499 shares in the last quarter. Archford Capital Strategies LLC boosted its stake in shares of Amazon.com by 17,242.2% in the second quarter. Archford Capital Strategies LLC now owns 30,002 shares of the e-commerce giant’s stock valued at $127,000 after buying an additional 29,829 shares in the last quarter. EP Wealth Advisors LLC boosted its stake in shares of Amazon.com by 9.3% in the second quarter. EP Wealth Advisors LLC now owns 8,816 shares of the e-commerce giant’s stock valued at $8,534,000 after buying an additional 750 shares in the last quarter. Advisory Services Network LLC boosted its stake in shares of Amazon.com by 3.5% in the second quarter. Advisory Services Network LLC now owns 9,776 shares of the e-commerce giant’s stock valued at $9,463,000 after buying an additional 329 shares in the last quarter. Finally, Afam Capital Inc. acquired a new stake in shares of Amazon.com during the second quarter valued at about $466,000. 61.90% of the stock is owned by institutional investors and hedge funds.

Amazon.com (NASDAQ AMZN) opened at 958.47 on Friday. The company has a market capitalization of $460.43 billion, a PE ratio of 243.76 and a beta of 1.48. The company has a 50-day moving average price of $995.90 and a 200 day moving average price of $931.08. Amazon.com has a 52-week low of $710.10 and a 52-week high of $1,083.31.

Amazon.com (NASDAQ:AMZN) last issued its quarterly earnings data on Thursday, July 27th. The e-commerce giant reported $0.40 earnings per share for the quarter, missing analysts’ consensus estimates of $1.40 by $1.00. The firm had revenue of $37.96 billion during the quarter, compared to analyst estimates of $37.18 billion. Amazon.com had a return on equity of 9.38% and a net margin of 1.28%. The company’s revenue was up 24.8% on a year-over-year basis. During the same quarter last year, the company posted $1.78 EPS. Equities research analysts anticipate that Amazon.com will post $3.83 earnings per share for the current year.

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About Amazon.com

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 North America segment consists of retail sales of consumer products (including from sellers) and subscriptions through North America-focused Websites, such as www.amazon.com, www.amazon.ca and www.amazon.com.mx.

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