Traders sold shares of Amazon.com, Inc. (NASDAQ:AMZN) on strength during trading on Monday. $1,158.24 million flowed into the stock on the tick-up and $1,332.26 million flowed out of the stock on the tick-down, for a money net flow of $174.02 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 $17.73 for the day and closed at $1,246.87
Several brokerages have weighed in on AMZN. Vetr upgraded Amazon.com from a “sell” rating to a “hold” rating and set a $1,155.74 price target on the stock in a report on Wednesday, November 29th. Credit Suisse Group upped their price target on Amazon.com from $1,385.00 to $1,410.00 and gave the stock an “outperform” rating in a report on Monday. Robert W. Baird restated a “buy” rating and set a $1,310.00 price target on shares of Amazon.com in a report on Monday. SunTrust Banks reiterated a “buy” rating and issued a $1,190.00 price objective on shares of Amazon.com in a report on Monday, October 2nd. Finally, Wells Fargo & Co reiterated a “buy” rating on shares of Amazon.com in a report on Monday, December 4th. Five equities research analysts have rated the stock with a hold rating and fifty have given a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and an average target price of $1,247.89.
The company has a quick ratio of 0.74, a current ratio of 1.03 and a debt-to-equity ratio of 1.00. The stock has a market capitalization of $600,830.00, a P/E ratio of 314.87, a PEG ratio of 7.22 and a beta of 1.46.
In other Amazon.com news, CEO Jeffrey P. Bezos sold 391,110 shares of the 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 completion of the sale, 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 transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, VP Shelley Reynolds sold 544 shares of the stock in a transaction that occurred on Wednesday, November 15th. The stock was sold at an average price of $1,126.27, for a total value of $612,690.88. The disclosure for this sale can be found here. Insiders have sold a total of 402,338 shares of company stock valued at $444,391,701 over the last ninety days. 17.00% of the stock is owned by insiders.
Institutional investors have recently bought and sold shares of the business. Whitnell & Co. lifted its holdings 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 valued at $105,000 after buying an additional 93 shares during the period. Vestor Capital LLC lifted its holdings 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 valued at $106,000 after buying an additional 10 shares during the period. Clear Investment Research LLC lifted its holdings 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 valued at $107,000 after buying an additional 731 shares during the period. LeJeune Puetz Investment Counsel LLC acquired a new stake in shares of Amazon.com in the 2nd quarter valued at approximately $116,000. Finally, Mountain Capital Investment Advisors Inc acquired a new stake in shares of Amazon.com in the 2nd quarter valued at approximately $121,000. 59.78% 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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