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.
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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