Traders purchased shares of Amazon.com, Inc. (NASDAQ:AMZN) on weakness during trading on Thursday following insider selling activity. $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, VP Shelley Reynolds sold 544 shares of the firm’s stock in a transaction on Tuesday, August 15th. The stock was sold at an average price of $986.52, for a total value of $536,666.88. Following the sale, the vice president now directly owns 6,533 shares in the company, valued at $6,444,935.16. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Tom A. Alberg sold 1,860 shares of the firm’s stock in a transaction on Monday, November 6th. The shares were sold at an average price of $1,109.20, for a total value of $2,063,112.00. Following the completion of the sale, the director now owns 18,460 shares in the company, valued at $20,475,832. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 401,343 shares of company stock worth $441,838,533. 17.70% of the stock is owned by insiders.

A number of analysts have weighed in on the company. Zacks Investment Research cut Amazon.com from a “buy” rating to a “hold” rating in a research note on Tuesday. Goldman Sachs Group, Inc. (The) reiterated a “conviction-buy” rating and set a $1,275.00 target price on shares of Amazon.com in a research report on Wednesday, August 9th. Cowen and Company reiterated an “outperform” rating and set a $1,125.00 target price on shares of Amazon.com in a research report on Thursday, August 10th. Piper Jaffray Companies reiterated an “overweight” rating and set a $1,200.00 target price on shares of Amazon.com in a research report on Thursday, August 10th. Finally, Tigress Financial reiterated a “buy” rating on shares of Amazon.com in a research report on Wednesday, August 9th. Five analysts have rated the stock with a hold rating and forty-nine have assigned a buy rating to the company’s stock. Amazon.com presently has a consensus rating of “Buy” and an average target price of $1,142.08.

The company has a quick ratio of 0.74, a current ratio of 1.03 and a debt-to-equity ratio of 1.00. The company has a market cap of $542,270.00, a PE ratio of 287.53, a P/E/G ratio of 14.13 and a beta of 1.45.

Amazon.com (NASDAQ:AMZN) last posted its earnings results on Thursday, October 26th. The e-commerce giant reported $0.52 EPS for the quarter, missing the consensus estimate of $1.09 by ($0.57). Amazon.com had a return on equity of 8.67% and a net margin of 1.20%. The firm had revenue of $43.74 billion during the quarter, compared to the consensus estimate of $42.26 billion. During the same quarter last year, the company posted $0.52 EPS. Amazon.com’s revenue for the quarter was up 33.7% on a year-over-year basis. sell-side analysts predict that Amazon.com, Inc. will post 4.26 earnings per share for the current year.

A number of hedge funds and other institutional investors have recently bought and sold shares of AMZN. Harbour Capital Advisors LLC grew its position in Amazon.com by 100,947.5% in the 2nd quarter. Harbour Capital Advisors LLC now owns 2,302,872 shares of the e-commerce giant’s stock worth $2,379,000 after purchasing an additional 2,300,593 shares during the last quarter. Janus Henderson Group PLC grew its position in Amazon.com by 1,045.8% in the 2nd quarter. Janus Henderson Group PLC now owns 1,775,556 shares of the e-commerce giant’s stock worth $1,718,711,000 after purchasing an additional 1,620,588 shares during the last quarter. Vanguard Group Inc. grew its position in Amazon.com by 2.9% in the 2nd quarter. Vanguard Group Inc. now owns 26,863,386 shares of the e-commerce giant’s stock worth $26,003,758,000 after purchasing an additional 764,115 shares during the last quarter. BlackRock Inc. grew its position in Amazon.com by 2.4% in the 2nd quarter. BlackRock Inc. now owns 23,925,821 shares of the e-commerce giant’s stock worth $23,160,193,000 after purchasing an additional 554,990 shares during the last quarter. Finally, Arrowstreet Capital Limited Partnership grew its position in Amazon.com by 125.1% in the 2nd quarter. Arrowstreet Capital Limited Partnership now owns 822,827 shares of the e-commerce giant’s stock worth $796,497,000 after purchasing an additional 457,300 shares during the last quarter. Hedge funds and other institutional investors own 60.62% of the company’s stock.

WARNING: “Investors Buy Shares of Amazon.com, Inc. (AMZN) on Weakness on Insider Selling” was posted by Watch List News and is the property of of Watch List News. If you are reading this report on another domain, it was copied illegally and reposted in violation of United States & international copyright and trademark legislation. The original version of this report can be viewed at https://www.watchlistnews.com/investors-buy-shares-of-amazon-com-inc-amzn-on-weakness-on-insider-selling/1694649.html.

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.

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