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

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.

Amazon.com (NASDAQ:AMZN) last posted its quarterly earnings results on Thursday, October 26th. The e-commerce giant reported $0.52 earnings per share for the quarter, missing analysts’ consensus estimates of $1.09 by ($0.57). Amazon.com had a return on equity of 8.67% and a net margin of 1.20%. The firm had revenue of $43.74 billion for the quarter, compared to analyst estimates of $42.26 billion. During the same period last year, the company posted $0.52 earnings per share. The firm’s quarterly revenue was up 33.7% compared to the same quarter last year. analysts forecast that Amazon.com, Inc. will post 4.24 EPS for the current fiscal year.

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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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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