Traders Buy Shares of Amazon.com (AMZN) on Weakness After Insider Selling
Investors bought shares of Amazon.com, Inc. (NASDAQ:AMZN) on weakness during trading on Thursday after an insider sold shares in the company. $1,146.94 million flowed into the stock on the tick-up and $913.04 million flowed out of the stock on the tick-down, for a money net flow of $233.90 million into the stock. Of all stocks tracked, Amazon.com had the highest net in-flow for the day. Amazon.com traded down ($3.75) for the day and closed at $1,129.13Specifically, Director Tom A. Alberg sold 835 shares of the firm’s stock in a transaction on Monday, November 27th. The shares were sold at an average price of $1,202.74, for a total value of $1,004,287.90. Following the completion of the transaction, the director now owns 17,114 shares of the company’s stock, valued at $20,583,692.36. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, Director Tom A. Alberg sold 1,860 shares of the firm’s stock in a transaction on Monday, November 6th. The stock was sold at an average price of $1,109.20, for a total transaction of $2,063,112.00. Following the completion of the transaction, the director now directly owns 18,460 shares of the company’s stock, valued at approximately $20,475,832. The disclosure for this sale can be found here. In the last ninety days, insiders sold 399,538 shares of company stock valued at $441,142,749. Corporate insiders own 17.00% of the company’s stock.
AMZN has been the subject of several recent research reports. TheStreet raised shares of Amazon.com from a “c+” rating to a “b-” rating in a report on Tuesday, November 7th. Royal Bank Of Canada reissued a “buy” rating and set a $1,100.00 target price on shares of Amazon.com in a report on Wednesday, August 30th. SunTrust Banks initiated coverage on shares of Amazon.com in a report on Tuesday, August 15th. They set a “buy” rating and a $1,220.00 target price for the company. Needham & Company LLC set a $1,150.00 target price on shares of Amazon.com and gave the stock a “buy” rating in a report on Friday, August 25th. Finally, Independent Research reissued a “buy” rating on shares of Amazon.com in a report on Wednesday, August 23rd. Five research analysts have rated the stock with a hold rating and forty-nine have given a buy rating to the stock. The stock presently has an average rating of “Buy” and a consensus price target of $1,198.48.
The company has a market cap of $565,500.00, a PE ratio of 302.94, a PEG ratio of 14.95 and a beta of 1.45. The company has a debt-to-equity ratio of 1.00, a quick ratio of 0.74 and a current ratio of 1.03.
Amazon.com (NASDAQ:AMZN) last announced its earnings results on Thursday, October 26th. The e-commerce giant reported $0.52 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $1.09 by ($0.57). Amazon.com had a net margin of 1.20% and a return on equity of 8.67%. The company had revenue of $43.74 billion during the quarter, compared to analyst estimates of $42.26 billion. During the same quarter last year, the business earned $0.52 EPS. The firm’s revenue for the quarter was up 33.7% compared to the same quarter last year. research analysts expect that Amazon.com, Inc. will post 4.24 earnings per share for the current year.
Several hedge funds and other institutional investors have recently made changes to their positions in the company. Sage Capital Advisors llc boosted its position in Amazon.com by 554.9% during the third quarter. Sage Capital Advisors llc now owns 2,135 shares of the e-commerce giant’s stock worth $2,052,000 after acquiring an additional 1,809 shares during the last quarter. Shelton Capital Management boosted its position in Amazon.com by 5.0% during the third quarter. Shelton Capital Management now owns 28,220 shares of the e-commerce giant’s stock worth $27,129,000 after acquiring an additional 1,340 shares during the last quarter. Chicago Partners Investment Group LLC boosted its position in Amazon.com by 15.1% during the third quarter. Chicago Partners Investment Group LLC now owns 1,686 shares of the e-commerce giant’s stock worth $1,621,000 after acquiring an additional 221 shares during the last quarter. Institutional & Family Asset Management LLC boosted its position in Amazon.com by 18.6% during the third quarter. Institutional & Family Asset Management LLC now owns 414 shares of the e-commerce giant’s stock worth $398,000 after acquiring an additional 65 shares during the last quarter. Finally, Steward Partners Investment Advisory LLC acquired a new position in Amazon.com during the third quarter worth about $21,939,000. Institutional investors and hedge funds own 59.70% of the company’s stock.
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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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