Investors Sell Amazon.com (AMZN) on Strength (AMZN)
Investors sold shares of Amazon.com, Inc. (NASDAQ:AMZN) on strength during trading on Wednesday. $2,024.64 million flowed into the stock on the tick-up and $2,307.58 million flowed out of the stock on the tick-down, for a money net flow of $282.94 million out of the stock. Of all companies tracked, Amazon.com had the 2nd highest net out-flow for the day. Amazon.com traded up $0.30 for the day and closed at $1,974.85
A number of research analysts have weighed in on the company. Piper Jaffray Companies restated an “overweight” rating and issued a $2,100.00 price objective (up previously from $2,075.00) on shares of Amazon.com in a report on Friday, July 27th. Macquarie restated a “buy” rating on shares of Amazon.com in a report on Wednesday, August 15th. Jefferies Financial Group restated a “buy” rating on shares of Amazon.com in a report on Thursday, August 23rd. Canaccord Genuity restated a “buy” rating and issued a $2,000.00 price objective (up previously from $1,800.00) on shares of Amazon.com in a report on Thursday, July 12th. Finally, BidaskClub upgraded Amazon.com from a “buy” rating to a “strong-buy” rating in a report on Tuesday, July 17th. Four investment analysts have rated the stock with a hold rating and forty-nine have assigned a buy rating to the company. The stock has an average rating of “Buy” and a consensus price target of $1,988.99.
The firm has a market cap of $943.47 billion, a PE ratio of 432.80, a PEG ratio of 4.03 and a beta of 1.60. The company has a current ratio of 1.07, a quick ratio of 0.78 and a debt-to-equity ratio of 0.70.
In other Amazon.com news, Director Thomas O. Ryder sold 5,000 shares of Amazon.com stock in a transaction dated Wednesday, August 1st. The stock was sold at an average price of $1,783.81, for a total value of $8,919,050.00. Following the completion of the transaction, the director now directly owns 10,752 shares of the company’s stock, valued at approximately $19,179,525.12. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, Director Judith A. Mcgrath sold 500 shares of Amazon.com stock in a transaction dated Thursday, August 16th. The shares were sold at an average price of $1,905.00, for a total value of $952,500.00. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 25,308 shares of company stock worth $47,905,498. 16.30% of the stock is owned by insiders.
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in AMZN. Guidant Wealth Advisors grew its position in shares of Amazon.com by 657.4% during the second quarter. Guidant Wealth Advisors now owns 409 shares of the e-commerce giant’s stock worth $100,000 after buying an additional 355 shares in the last quarter. Santori & Peters Inc. acquired a new position in shares of Amazon.com during the fourth quarter worth about $121,000. Lee Financial Co grew its position in shares of Amazon.com by 154.3% during the first quarter. Lee Financial Co now owns 89 shares of the e-commerce giant’s stock worth $129,000 after buying an additional 54 shares in the last quarter. Point72 Asia Hong Kong Ltd acquired a new position in shares of Amazon.com during the first quarter worth about $145,000. Finally, Lucia Wealth Services LLC grew its position in shares of Amazon.com by 50.0% during the second quarter. Lucia Wealth Services LLC now owns 90 shares of the e-commerce giant’s stock worth $153,000 after buying an additional 30 shares in the last quarter. 57.32% of the stock is owned by institutional investors.
About Amazon.com (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.
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