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

Traders sold shares of Amazon.com, Inc. (NASDAQ:AMZN) on strength during trading on Monday. $2,653.92 million flowed into the stock on the tick-up and $2,805.16 million flowed out of the stock on the tick-down, for a money net flow of $151.24 million out of the stock. Of all stocks tracked, Amazon.com had the 13th highest net out-flow for the day. Amazon.com traded up $82.19 for the day and closed at $1,772.36

A number of brokerages have recently issued reports on AMZN. Zacks Investment Research reissued a “buy” rating and issued a $1,714.00 price objective on shares of Amazon.com in a research note on Monday, November 12th. Barclays reissued a “buy” rating on shares of Amazon.com in a research note on Wednesday, November 21st. Wells Fargo & Co set a $2,100.00 price objective on Amazon.com and gave the company a “buy” rating in a research note on Monday. Jefferies Financial Group reissued a “buy” rating on shares of Amazon.com in a research note on Tuesday, November 20th. Finally, Loop Capital reissued a “buy” rating on shares of Amazon.com in a research note on Tuesday, November 27th. Three equities research analysts have rated the stock with a hold rating and forty-eight have issued a buy rating to the stock. Amazon.com presently has a consensus rating of “Buy” and a consensus target price of $2,096.01.

The company has a quick ratio of 0.80, a current ratio of 1.08 and a debt-to-equity ratio of 0.63. The firm has a market capitalization of $826.44 billion, a P/E ratio of 389.53, a P/E/G ratio of 3.21 and a beta of 1.70.

Amazon.com (NASDAQ:AMZN) last issued its quarterly earnings data on Thursday, October 25th. The e-commerce giant reported $5.75 EPS for the quarter, topping analysts’ consensus estimates of $3.29 by $2.46. The firm had revenue of $56.58 billion during the quarter, compared to analyst estimates of $57.05 billion. Amazon.com had a return on equity of 24.35% and a net margin of 4.03%. As a group, equities analysts anticipate that Amazon.com, Inc. will post 19.49 EPS for the current year.

In other news, Director Daniel P. Huttenlocher sold 181 shares of the business’s stock in a transaction that occurred on Thursday, November 15th. The stock was sold at an average price of $1,579.89, for a total value of $285,960.09. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, CEO Jeffrey A. Wilke sold 2,000 shares of the business’s stock in a transaction that occurred on Wednesday, September 5th. The stock was sold at an average price of $2,004.25, for a total value of $4,008,500.00. Following the completion of the transaction, the chief executive officer now owns 10,000 shares in the company, valued at approximately $20,042,500. The disclosure for this sale can be found here. Insiders have sold a total of 27,842 shares of company stock valued at $46,521,741 over the last three months. Corporate insiders own 16.30% of the company’s stock.

Several hedge funds and other institutional investors have recently made changes to their positions in the company. Marcus Capital LLC lifted its stake in Amazon.com by 2.4% in the second quarter. Marcus Capital LLC now owns 1,171 shares of the e-commerce giant’s stock valued at $1,990,000 after purchasing an additional 27 shares during the last quarter. Winthrop Advisory Group LLC lifted its stake in Amazon.com by 3.8% in the second quarter. Winthrop Advisory Group LLC now owns 744 shares of the e-commerce giant’s stock valued at $1,265,000 after purchasing an additional 27 shares during the last quarter. AMI Investment Management Inc. lifted its stake in Amazon.com by 17.6% in the second quarter. AMI Investment Management Inc. now owns 180 shares of the e-commerce giant’s stock valued at $306,000 after purchasing an additional 27 shares during the last quarter. BKD Wealth Advisors LLC lifted its stake in Amazon.com by 3.1% in the second quarter. BKD Wealth Advisors LLC now owns 943 shares of the e-commerce giant’s stock valued at $1,603,000 after purchasing an additional 28 shares during the last quarter. Finally, Park National Corp OH lifted its stake in Amazon.com by 2.8% in the third quarter. Park National Corp OH now owns 1,042 shares of the e-commerce giant’s stock valued at $2,088,000 after purchasing an additional 28 shares during the last quarter. Hedge funds and other institutional investors own 55.64% of the company’s stock.

COPYRIGHT VIOLATION NOTICE: “Traders Sell Shares of Amazon.com (AMZN) on Strength (AMZN)” was first posted by Community Financial News and is owned by of Community Financial News. If you are viewing this article on another website, it was copied illegally and reposted in violation of United States and international copyright laws. The correct version of this article can be accessed at https://www.com-unik.info/2018/12/03/traders-sell-shares-of-amazon-com-amzn-on-strength-amzn.html.

Amazon.com Company Profile (NASDAQ:AMZN)

Amazon.com, Inc engages in the retail sale of consumer products and subscriptions in North America and internationally. The company operates through three segments: North America, International, and Amazon Web Services (AWS) segments. It sells merchandise and content purchased for resale from vendors, as well as those offered by third-party sellers through physical stores and retail Websites, such as amazon.com, amazon.ca, amazon.com.mx, amazon.com.au, amazon.com.br, amazon.cn, amazon.fr, amazon.de, amazon.in, amazon.it, amazon.co.jp, amazon.nl, amazon.es, and amazon.co.uk.

See Also: What is a Swap?

Receive News & Ratings for Amazon.com Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Amazon.com and related companies with MarketBeat.com's FREE daily email newsletter.

Comments

Leave a Reply


share news on Facebook
tweet this investment news
share on linkedin
share on StockTwits
share on reddit