Traders sold shares of Amazon.com, Inc. (NASDAQ:AMZN) on strength during trading hours on Tuesday. $1,153.60 million flowed into the stock on the tick-up and $1,262.19 million flowed out of the stock on the tick-down, for a money net flow of $108.59 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 $5.83 for the day and closed at $1,252.70
Several research analysts have commented on the company. Piper Jaffray Companies reaffirmed an “overweight” rating and set a $1,400.00 target price (up from $1,200.00) on shares of Amazon.com in a report on Tuesday. BidaskClub raised Amazon.com from a “hold” rating to a “buy” rating in a report on Tuesday. Credit Suisse Group reaffirmed a “buy” rating on shares of Amazon.com in a report on Tuesday. Robert W. Baird reaffirmed a “buy” rating and set a $1,310.00 target price on shares of Amazon.com in a report on Monday. Finally, Vetr downgraded Amazon.com from a “buy” rating to a “hold” rating and set a $1,277.08 target price on the stock. in a report on Monday. Four investment analysts have rated the stock with a hold rating and fifty-one have assigned a buy rating to the company. The company has an average rating of “Buy” and an average target price of $1,252.24.
The company has a debt-to-equity ratio of 1.00, a current ratio of 1.03 and a quick ratio of 0.74. The stock has a market capitalization of $603,640.00, a P/E ratio of 316.34, a price-to-earnings-growth ratio of 7.22 and a beta of 1.46.
In other Amazon.com news, VP Shelley Reynolds sold 544 shares of the business’s 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 transaction of $612,690.88. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Jeffrey A. Wilke sold 2,800 shares of the business’s stock in a transaction that occurred on Friday, December 8th. The stock was sold at an average price of $1,160.34, for a total value of $3,248,952.00. Following the sale, the chief executive officer now directly owns 10,000 shares of the company’s stock, valued at $11,603,400. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 402,338 shares of company stock worth $444,391,701. 17.00% of the stock is owned by company insiders.
Institutional investors and hedge funds have recently modified their holdings of the business. Day & Ennis LLC bought a new position in shares of Amazon.com in the first quarter valued at approximately $204,000. Investment Centers of America Inc. grew its holdings in shares of Amazon.com by 13.6% in the first quarter. Investment Centers of America Inc. now owns 7,934 shares of the e-commerce giant’s stock valued at $7,029,000 after acquiring an additional 952 shares in the last quarter. Kayak Investment Partners LLC grew its holdings in shares of Amazon.com by 36.2% in the first quarter. Kayak Investment Partners LLC now owns 11,945 shares of the e-commerce giant’s stock valued at $10,590,000 after acquiring an additional 3,172 shares in the last quarter. Saturna Capital CORP grew its holdings in shares of Amazon.com by 0.6% in the first quarter. Saturna Capital CORP now owns 1,574 shares of the e-commerce giant’s stock valued at $1,395,000 after acquiring an additional 10 shares in the last quarter. Finally, Horizon Investment Services LLC bought a new position in shares of Amazon.com in the first quarter valued at approximately $226,000. 59.78% of the stock is owned by hedge funds and other institutional investors.
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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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