Investors Sell Shares of Amazon.com, Inc. (AMZN) on Strength (AMZN)
Traders sold shares of Amazon.com, Inc. (NASDAQ:AMZN) on strength during trading hours on Thursday. $730.35 million flowed into the stock on the tick-up and $780.47 million flowed out of the stock on the tick-down, for a money net flow of $50.12 million out of the stock. Of all equities tracked, Amazon.com had the 0th highest net out-flow for the day. Amazon.com traded up $15.40 for the day and closed at $980.85
AMZN has been the subject of several research analyst reports. Deutsche Bank AG restated a “buy” rating on shares of Amazon.com in a report on Monday, June 12th. Piper Jaffray Companies upped their price objective on Amazon.com from $1,050.00 to $1,200.00 and gave the company an “overweight” rating in a report on Monday, June 12th. Vetr upgraded Amazon.com from a “hold” rating to a “buy” rating and set a $1,023.89 price objective for the company in a report on Monday, June 12th. BidaskClub lowered Amazon.com from a “strong-buy” rating to a “buy” rating in a report on Tuesday, June 13th. Finally, Nomura restated a “buy” rating on shares of Amazon.com in a report on Thursday, June 15th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating, forty-seven have assigned a buy rating and two have assigned a strong buy rating to the company’s stock. The company has an average rating of “Buy” and an average target price of $1,109.80.
The stock’s 50 day moving average price is $966.13 and its 200-day moving average price is $961.29. The company has a market cap of $475.37 billion, a price-to-earnings ratio of 251.67 and a beta of 1.47.
Amazon.com (NASDAQ:AMZN) last announced its quarterly earnings results on Thursday, July 27th. The e-commerce giant reported $0.40 earnings per share for the quarter, missing the Thomson Reuters’ 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 business had revenue of $37.96 billion during the quarter, compared to the consensus estimate of $37.18 billion. During the same period in the previous year, the business posted $1.78 EPS. Amazon.com’s revenue was up 24.8% compared to the same quarter last year. On average, analysts expect that Amazon.com, Inc. will post $3.66 EPS for the current year.
In other Amazon.com news, CEO Jeffrey A. Wilke sold 710 shares of the stock in a transaction dated Friday, August 4th. The shares were sold at an average price of $987.39, for a total value of $701,046.90. Following the completion of the sale, the chief executive officer now owns 10,000 shares in the company, valued at approximately $9,873,900. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, CEO Andrew R. Jassy sold 1,985 shares of the stock in a transaction dated Tuesday, August 15th. The shares were sold at an average price of $986.12, for a total transaction of $1,957,448.20. Following the completion of the sale, the chief executive officer now owns 81,479 shares of the company’s stock, valued at approximately $80,348,071.48. The disclosure for this sale can be found here. In the last ninety days, insiders sold 9,083 shares of company stock worth $8,874,850. 17.70% of the stock is owned by insiders.
A number of large investors have recently bought and sold shares of AMZN. Harbour Capital Advisors LLC increased its stake 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 valued at $2,379,000 after buying an additional 2,300,593 shares during the last quarter. Janus Henderson Group PLC increased its stake 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 valued at $1,718,711,000 after buying an additional 1,620,588 shares during the last quarter. Vanguard Group Inc. increased its stake 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 valued at $26,003,758,000 after buying an additional 764,115 shares during the last quarter. BlackRock Inc. increased its stake 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 valued at $23,160,193,000 after buying an additional 554,990 shares during the last quarter. Finally, Arrowstreet Capital Limited Partnership increased its stake 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 valued at $796,497,000 after buying an additional 457,300 shares during the last quarter. Hedge funds and other institutional investors own 60.77% 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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