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

Investors sold shares of Amazon.com, Inc. (NASDAQ:AMZN) on strength during trading hours on Friday. $1,778.64 million flowed into the stock on the tick-up and $1,914.89 million flowed out of the stock on the tick-down, for a money net flow of $136.25 million out of the stock. Of all stocks tracked, Amazon.com had the 0th highest net out-flow for the day. Amazon.com traded up $28.52 for the day and closed at $1,305.20

A number of equities research analysts recently weighed in on AMZN shares. Stifel Nicolaus reaffirmed a “buy” rating and set a $1,100.00 price objective on shares of Amazon.com in a research report on Tuesday, October 24th. Loop Capital set a $1,200.00 price objective on shares of Amazon.com and gave the company a “buy” rating in a research report on Friday, October 20th. Needham & Company LLC reaffirmed a “buy” rating and set a $1,250.00 price objective (up previously from $1,150.00) on shares of Amazon.com in a research report on Friday, October 27th. Cantor Fitzgerald boosted their price objective on shares of Amazon.com to $1,360.00 and gave the company an “overweight” rating in a research report on Friday, October 27th. They noted that the move was a valuation call. Finally, Vetr downgraded shares of Amazon.com from a “buy” rating to a “hold” rating and set a $1,277.08 price objective for the company. in a research report on Monday, January 8th. Four analysts have rated the stock with a hold rating and fifty-one have issued a buy rating to the stock. Amazon.com presently has a consensus rating of “Buy” and a consensus price target of $1,262.35.

The stock has a market capitalization of $628,940.00, a P/E ratio of 329.60, a price-to-earnings-growth ratio of 7.77 and a beta of 1.46. The company has a quick ratio of 0.74, a current ratio of 1.03 and a debt-to-equity ratio of 1.00.

Amazon.com (NASDAQ:AMZN) last issued 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). The company had revenue of $43.74 billion during the quarter, compared to analyst estimates of $42.26 billion. Amazon.com had a return on equity of 8.67% and a net margin of 1.20%. The company’s revenue was up 33.7% on a year-over-year basis. During the same period in the prior year, the company posted $0.52 earnings per share. research analysts predict that Amazon.com, Inc. will post 4.24 EPS for the current fiscal year.

In related news, CEO Andrew R. Jassy sold 1,985 shares of the stock in a transaction that occurred on Wednesday, November 15th. The shares were sold at an average price of $1,125.38, for a total transaction of $2,233,879.30. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Jeffrey P. Bezos sold 391,110 shares of the stock in a transaction that occurred on Wednesday, November 1st. The shares were sold at an average price of $1,103.53, for a total transaction of $431,601,618.30. Following the sale, the chief executive officer now directly owns 79,891,433 shares of the company’s stock, valued at $88,162,593,058.49. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 402,338 shares of company stock valued at $444,391,701. Company insiders own 17.70% of the company’s stock.

Hedge funds have recently added to or reduced their stakes in the stock. Goelzer Investment Management Inc. lifted its stake in Amazon.com by 48.7% during the second quarter. Goelzer Investment Management Inc. now owns 397 shares of the e-commerce giant’s stock valued at $384,000 after purchasing an additional 130 shares during the last quarter. Lakeview Capital Partners LLC lifted its stake in Amazon.com by 19.6% during the second quarter. Lakeview Capital Partners LLC now owns 1,074 shares of the e-commerce giant’s stock valued at $1,040,000 after purchasing an additional 176 shares during the last quarter. Perpetual Ltd acquired a new stake in shares of Amazon.com during the second quarter valued at approximately $25,356,000. R. G. Niederhoffer Capital Management Inc. acquired a new stake in shares of Amazon.com during the second quarter valued at approximately $871,000. Finally, IBM Retirement Fund raised its holdings in shares of Amazon.com by 76.6% during the second quarter. IBM Retirement Fund now owns 9,728 shares of the e-commerce giant’s stock valued at $10,523,000 after acquiring an additional 4,218 shares during the period. 59.78% of the stock is owned by institutional investors and hedge funds.

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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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