Traders Buy Shares of Amazon.com, Inc. (AMZN) on Weakness
Investors bought shares of Amazon.com, Inc. (NASDAQ:AMZN) on weakness during trading on Friday. $701.99 million flowed into the stock on the tick-up and $611.41 million flowed out of the stock on the tick-down, for a money net flow of $90.58 million into the stock. Of all equities tracked, Amazon.com had the 8th highest net in-flow for the day. Amazon.com traded down ($3.78) for the day and closed at $1,125.35
A number of research analysts recently weighed in on the stock. TheStreet raised shares of Amazon.com from a “c+” rating to a “b-” rating in a report on Tuesday. Zacks Investment Research lowered shares of Amazon.com from a “buy” rating to a “hold” rating in a research note on Tuesday. Leerink Swann reaffirmed a “buy” rating on shares of Amazon.com in a research note on Monday, October 30th. Stifel Nicolaus reaffirmed a “buy” rating on shares of Amazon.com in a research note on Monday, October 30th. Finally, Cantor Fitzgerald reaffirmed a “buy” rating on shares of Amazon.com in a research note on Monday, October 30th. Five research analysts have rated the stock with a hold rating and forty-nine have given a buy rating to the company’s stock. The company has an average rating of “Buy” and an average price target of $1,142.08.
The firm has a market cap of $542,270.00, a P/E ratio of 287.53, a PEG ratio of 14.13 and a beta of 1.45. The company has a current ratio of 1.03, a quick ratio of 0.74 and a debt-to-equity ratio of 1.00.
Amazon.com (NASDAQ:AMZN) last announced its quarterly earnings data 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 firm had revenue of $43.74 billion for the quarter, compared to analyst estimates of $42.26 billion. During the same quarter in the previous year, the company earned $0.52 EPS. The company’s quarterly revenue was up 33.7% compared to the same quarter last year. analysts forecast that Amazon.com, Inc. will post 4.26 earnings per share for the current year.
In related news, CEO Andrew R. Jassy sold 1,985 shares of the firm’s stock in a transaction that occurred on Tuesday, August 15th. The stock was sold at an average price of $986.12, for a total value of $1,957,448.20. Following the sale, the chief executive officer now directly owns 81,479 shares in the company, valued at approximately $80,348,071.48. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CEO Jeffrey P. Bezos sold 391,110 shares of the firm’s stock in a transaction that occurred on Wednesday, November 1st. The shares were sold at an average price of $1,103.53, for a total value of $431,601,618.30. Following the completion of the sale, the chief executive officer now owns 79,891,433 shares in the company, valued at $88,162,593,058.49. The disclosure for this sale can be found here. Insiders have sold a total of 401,343 shares of company stock worth $441,838,533 over the last quarter. Insiders own 17.70% of the company’s stock.
A number of institutional investors and hedge funds have recently bought and sold shares of AMZN. Whitnell & Co. increased its position in Amazon.com by 581.3% in the 3rd quarter. Whitnell & Co. now owns 109 shares of the e-commerce giant’s stock valued at $105,000 after acquiring an additional 93 shares during the period. Vestor Capital LLC boosted its stake in Amazon.com by 10.1% during the 2nd quarter. Vestor Capital LLC now owns 109 shares of the e-commerce giant’s stock valued at $106,000 after purchasing an additional 10 shares in the last quarter. Clear Investment Research LLC boosted its stake in Amazon.com by 73,100.0% during the 2nd quarter. Clear Investment Research LLC now owns 732 shares of the e-commerce giant’s stock valued at $107,000 after purchasing an additional 731 shares in the last quarter. WealthTrust Arizona LLC boosted its stake in Amazon.com by 2.7% during the 2nd quarter. WealthTrust Arizona LLC now owns 114 shares of the e-commerce giant’s stock valued at $110,000 after purchasing an additional 3 shares in the last quarter. Finally, LeJeune Puetz Investment Counsel LLC bought a new position in Amazon.com during the 2nd quarter valued at $116,000. Hedge funds and other institutional investors own 60.62% 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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