Traders Sell Amazon.com (AMZN) on Strength (AMZN)

Traders sold shares of Amazon.com, Inc. (NASDAQ:AMZN) on strength during trading hours on Wednesday. $822.33 million flowed into the stock on the tick-up and $946.69 million flowed out of the stock on the tick-down, for a money net flow of $124.36 million out of the stock. Of all stocks tracked, Amazon.com had the 6th highest net out-flow for the day. Amazon.com traded up $10.78 for the day and closed at $1,152.35

A number of analysts recently issued reports on AMZN shares. Goldman Sachs Group reiterated a “conviction-buy” rating and set a $1,275.00 price objective on shares of Amazon.com in a research note on Wednesday, August 9th. Tigress Financial restated a “buy” rating on shares of Amazon.com in a research note on Wednesday, August 9th. Piper Jaffray Companies restated an “overweight” rating and issued a $1,200.00 target price on shares of Amazon.com in a research note on Thursday, August 10th. Cowen restated an “outperform” rating and issued a $1,125.00 target price on shares of Amazon.com in a research note on Thursday, August 10th. Finally, SunTrust Banks initiated coverage on Amazon.com in a research note on Tuesday, August 15th. They issued a “buy” rating and a $1,220.00 target price on the stock. Four equities research analysts have rated the stock with a hold rating and fifty have given a buy rating to the stock. Amazon.com currently has an average rating of “Buy” and a consensus target price of $1,210.68.

The company has a market cap of $546,418.94, a price-to-earnings ratio of 287.80, a price-to-earnings-growth ratio of 14.21 and a beta of 1.47. The company has a debt-to-equity ratio of 1.00, a quick ratio of 0.74 and a current ratio of 1.03.

Amazon.com (NASDAQ:AMZN) last issued its earnings results on Thursday, October 26th. The e-commerce giant reported $0.52 earnings per share for the quarter, missing the consensus estimate of $1.09 by ($0.57). The company had revenue of $43.74 billion for 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%. The company’s revenue was up 33.7% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.52 earnings per share. equities research analysts anticipate that Amazon.com, Inc. will post 4.24 earnings per share for the current fiscal year.

In other Amazon.com news, Director Tom A. Alberg sold 870 shares of the company’s stock in a transaction that occurred on Wednesday, November 22nd. The stock was sold at an average price of $1,150.00, for a total transaction of $1,000,500.00. Following the completion of the transaction, the director now owns 17,949 shares of the company’s stock, valued at approximately $20,641,350. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Tom A. Alberg sold 835 shares of the company’s stock in a transaction that occurred on Monday, November 27th. The shares were sold at an average price of $1,202.74, for a total value of $1,004,287.90. Following the transaction, the director now directly owns 17,114 shares of the company’s stock, valued at approximately $20,583,692.36. The disclosure for this sale can be found here. Insiders have sold a total of 399,538 shares of company stock valued at $441,142,749 in the last ninety days. 17.00% of the stock is currently owned by corporate insiders.

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Whitnell & Co. raised its position in shares of Amazon.com by 581.3% in the 3rd quarter. Whitnell & Co. now owns 109 shares of the e-commerce giant’s stock worth $105,000 after acquiring an additional 93 shares in the last quarter. Vestor Capital LLC raised its position in shares of Amazon.com by 10.1% in the 2nd quarter. Vestor Capital LLC now owns 109 shares of the e-commerce giant’s stock worth $106,000 after acquiring an additional 10 shares in the last quarter. Clear Investment Research LLC raised its position in shares of Amazon.com by 73,100.0% in the 2nd quarter. Clear Investment Research LLC now owns 732 shares of the e-commerce giant’s stock worth $107,000 after acquiring an additional 731 shares in the last quarter. WealthTrust Arizona LLC raised its position in shares of Amazon.com by 2.7% in the 2nd quarter. WealthTrust Arizona LLC now owns 114 shares of the e-commerce giant’s stock worth $110,000 after acquiring an additional 3 shares in the last quarter. Finally, LeJeune Puetz Investment Counsel LLC bought a new position in shares of Amazon.com in the 2nd quarter worth approximately $116,000. 59.79% of the stock is owned by institutional investors and hedge funds.

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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 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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