Traders purchased shares of Amazon.com, Inc. (NASDAQ:AMZN) on weakness during trading on Tuesday. $622.53 million flowed into the stock on the tick-up and $573.33 million flowed out of the stock on the tick-down, for a money net flow of $49.20 million into the stock. Of all companies tracked, Amazon.com had the 7th highest net in-flow for the day. Amazon.com traded down ($0.56) for the day and closed at $982.74

A number of brokerages recently weighed in on AMZN. UBS AG lowered shares of Amazon.com from an “outperform” rating to a “market perform” rating in a report on Tuesday, April 25th. Cowen and Company restated an “outperform” rating and issued a $1,125.00 price objective on shares of Amazon.com in a report on Thursday, August 10th. Mizuho restated a “buy” rating and issued a $1,250.00 price objective on shares of Amazon.com in a report on Monday, August 7th. Goldman Sachs Group, Inc. (The) restated a “conviction-buy” rating and issued a $1,275.00 price objective on shares of Amazon.com in a report on Wednesday, August 9th. Finally, Piper Jaffray Companies restated an “overweight” rating and issued a $1,200.00 price objective on shares of Amazon.com in a report on Thursday, August 10th. One investment analyst has rated the stock with a sell rating, four have issued a hold rating, forty-three have issued a buy rating and two have issued a strong buy rating to the company’s stock. Amazon.com currently has a consensus rating of “Buy” and a consensus price target of $1,065.61.

The stock has a 50-day moving average price of $997.21 and a 200-day moving average price of $929.59. The company has a market capitalization of $472.09 billion, a price-to-earnings ratio of 249.93 and a beta of 1.48.

Amazon.com (NASDAQ:AMZN) last issued its earnings results on Thursday, July 27th. The e-commerce giant reported $0.40 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.40 by $1.00. Amazon.com had a net margin of 1.28% and a return on equity of 9.38%. The company had revenue of $37.96 billion during the quarter, compared to analyst estimates of $37.18 billion. During the same quarter in the previous year, the company posted $1.78 EPS. The company’s quarterly revenue was up 24.8% on a year-over-year basis. Equities analysts expect that Amazon.com, Inc. will post $3.83 EPS for the current year.

In related news, CEO Jeffrey A. Wilke sold 2,670 shares of the stock in a transaction on Tuesday, June 6th. The shares were sold at an average price of $1,010.64, for a total transaction of $2,698,408.80. Following the completion of the sale, the chief executive officer now owns 10,000 shares in the company, valued at approximately $10,106,400. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CEO Jeffrey A. Wilke sold 4,000 shares of the stock in a transaction on Tuesday, May 23rd. The stock was sold at an average price of $969.73, for a total transaction of $3,878,920.00. Following the sale, the chief executive officer now owns 10,000 shares of the company’s stock, valued at approximately $9,697,300. The disclosure for this sale can be found here. In the last 90 days, insiders sold 10,890 shares of company stock valued at $10,800,023. Company insiders own 17.70% of the company’s stock.

A number of hedge funds have recently modified their holdings of AMZN. Verition Fund Management LLC acquired a new stake in shares of Amazon.com during the second quarter worth $716,000. National Asset Management Inc. boosted its stake in shares of Amazon.com by 18.3% in the second quarter. National Asset Management Inc. now owns 7,259 shares of the e-commerce giant’s stock worth $7,028,000 after buying an additional 1,125 shares in the last quarter. Grandeur Peak Global Advisors LLC boosted its stake in shares of Amazon.com by 5.3% in the second quarter. Grandeur Peak Global Advisors LLC now owns 1,000 shares of the e-commerce giant’s stock worth $968,000 after buying an additional 50 shares in the last quarter. Kingfisher Capital LLC boosted its stake in shares of Amazon.com by 0.3% in the second quarter. Kingfisher Capital LLC now owns 1,632 shares of the e-commerce giant’s stock worth $1,580,000 after buying an additional 5 shares in the last quarter. Finally, Krilogy Financial LLC boosted its stake in shares of Amazon.com by 180.3% in the second quarter. Krilogy Financial LLC now owns 1,121 shares of the e-commerce giant’s stock worth $1,085,000 after buying an additional 721 shares in the last quarter. Hedge funds and other institutional investors own 61.90% of the company’s stock.

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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 North America segment consists of retail sales of consumer products (including from sellers) and subscriptions through North America-focused Websites, such as www.amazon.com, www.amazon.ca and www.amazon.com.mx.

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