Traders bought shares of Amazon.com Inc. (NASDAQ:AMZN) on weakness during trading hours on Monday after Royal Bank Of Canada lowered their price target on the stock from $1,000.00 to $840.00. $438.47 million flowed into the stock on the tick-up and $421.86 million flowed out of the stock on the tick-down, for a money net flow of $16.61 million into the stock. Of all stocks tracked, Amazon.com had the 23rd highest net in-flow for the day. Amazon.com traded down ($3.42) for the day and closed at $775.10

Other equities analysts also recently issued reports about the company. Jefferies Group restated a “buy” rating on shares of Amazon.com in a research note on Saturday, June 4th. Cantor Fitzgerald restated a “buy” rating on shares of Amazon.com in a research note on Saturday, June 4th. JMP Securities reaffirmed a “buy” rating and issued a $775.00 target price on shares of Amazon.com in a report on Saturday, July 9th. Deutsche Bank AG reaffirmed a “buy” rating and issued a $900.00 target price on shares of Amazon.com in a report on Sunday, July 10th. Finally, Bank of America Corp. reaffirmed a “buy” rating and issued a $840.00 target price on shares of Amazon.com in a report on Sunday, July 17th. Seven equities research analysts have rated the stock with a hold rating and forty-four have assigned a buy rating to the company’s stock. The company currently has an average rating of “Buy” and a consensus target price of $864.64.

In related news, VP Shelley Reynolds sold 625 shares of the business’s stock in a transaction that occurred on Monday, August 15th. The shares were sold at an average price of $770.10, for a total value of $481,312.50. Following the completion of the transaction, the vice president now owns 6,519 shares of the company’s stock, valued at $5,020,281.90. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Jeffrey P. Bezos sold 1,000,000 shares of the business’s stock in a transaction that occurred on Thursday, August 4th. The stock was sold at an average price of $756.74, for a total transaction of $756,740,000.00. Following the completion of the transaction, the chief executive officer now directly owns 81,871,067 shares of the company’s stock, valued at approximately $61,955,111,241.58. The disclosure for this sale can be found here. 17.70% of the stock is currently owned by corporate insiders.

A number of institutional investors have recently modified their holdings of the company. Pathstone Family Office LLC increased its position in shares of Amazon.com by 92.1% in the second quarter. Pathstone Family Office LLC now owns 146 shares of the e-commerce giant’s stock worth $105,000 after buying an additional 70 shares during the last quarter. Kistler Tiffany Companies LLC increased its position in shares of Amazon.com by 906.7% in the second quarter. Kistler Tiffany Companies LLC now owns 151 shares of the e-commerce giant’s stock worth $108,000 after buying an additional 136 shares during the last quarter. Kings Point Capital Management acquired a new position in shares of Amazon.com during the second quarter worth about $109,000. Krilogy Financial LLC increased its position in shares of Amazon.com by 157.1% in the second quarter. Krilogy Financial LLC now owns 198 shares of the e-commerce giant’s stock worth $142,000 after buying an additional 121 shares during the last quarter. Finally, West Oak Capital LLC increased its position in shares of Amazon.com by 105.7% in the second quarter. West Oak Capital LLC now owns 216 shares of the e-commerce giant’s stock worth $155,000 after buying an additional 111 shares during the last quarter. 65.44% of the stock is owned by institutional investors.

The firm has a market cap of $369.88 billion, a price-to-earnings ratio of 194.04 and a beta of 1.11. The stock has a 50-day moving average price of $768.04 and a 200 day moving average price of $696.03.

Amazon.com (NASDAQ:AMZN) last announced its quarterly earnings results on Thursday, July 28th. The e-commerce giant reported $1.78 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.11 by $0.67. The business earned $30.40 billion during the quarter, compared to the consensus estimate of $29.54 billion. Amazon.com had a net margin of 1.60% and a return on equity of 13.52%. The business’s revenue was up 31.1% compared to the same quarter last year. During the same quarter last year, the firm earned $0.19 EPS. On average, analysts anticipate that Amazon.com Inc. will post $5.76 EPS for the current year.

Amazon.com Company Profile

Amazon.com, Inc offers a range of products and services through its Websites. The Company’s products include merchandise and content that it purchases for resale from vendors and those offered by third-party sellers. The Company has three segments: North America, International and Amazon Web Services (AWS).

5 Day Chart for NASDAQ:AMZN

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