Investors sold shares of Amazon.com, Inc. (NASDAQ:AMZN) on strength during trading hours on Monday after an insider sold shares in the company. $621.04 million flowed into the stock on the tick-up and $773.44 million flowed out of the stock on the tick-down, for a money net flow of $152.40 million out of the stock. Of all stocks tracked, Amazon.com had the 0th highest net out-flow for the day. Amazon.com traded up $6.92 for the day and closed at $1,168.92Specifically, Director Tom A. Alberg sold 1,860 shares of the stock in a transaction that occurred on Monday, November 6th. The stock was sold at an average price of $1,109.20, for a total transaction of $2,063,112.00. Following the transaction, the director now owns 18,460 shares in the company, valued at $20,475,832. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, CEO Jeffrey P. Bezos sold 391,110 shares of the 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 transaction, the chief executive officer now owns 79,891,433 shares in the company, valued at approximately $88,162,593,058.49. The disclosure for this sale can be found here. In the last quarter, insiders have sold 402,338 shares of company stock worth $444,391,701. Corporate insiders own 17.00% of the company’s stock.

Several research firms have recently weighed in on AMZN. Goldman Sachs Group reissued a “buy” rating and issued a $1,450.00 price objective (up from $1,300.00) on shares of Amazon.com in a research report on Tuesday, November 28th. DA Davidson increased their price objective on Amazon.com from $1,300.00 to $1,500.00 and gave the company a “buy” rating in a research report on Wednesday, November 29th. Vetr cut Amazon.com from a “hold” rating to a “sell” rating and set a $1,129.92 price objective for the company. in a research report on Monday, November 27th. Wells Fargo & Company increased their price objective on Amazon.com to $1,525.00 and gave the company an “outperform” rating in a research report on Friday, December 1st. They noted that the move was a valuation call. Finally, MKM Partners increased their price objective on Amazon.com from $1,275.00 to $1,350.00 and gave the company a “buy” rating in a research report on Friday, December 1st. Four investment analysts have rated the stock with a hold rating and fifty have assigned a buy rating to the stock. Amazon.com has an average rating of “Buy” and a consensus price target of $1,219.02.

The company has a debt-to-equity ratio of 1.00, a current ratio of 1.03 and a quick ratio of 0.74. The firm has a market cap of $563,270.00, a P/E ratio of 294.92, a PEG ratio of 13.14 and a beta of 1.46.

Amazon.com (NASDAQ:AMZN) last released its quarterly earnings data on Thursday, October 26th. The e-commerce giant reported $0.52 earnings per share (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 company had revenue of $43.74 billion for the quarter, compared to analyst estimates of $42.26 billion. During the same quarter in the prior year, the company earned $0.52 earnings per share. The business’s revenue was up 33.7% compared to the same quarter last year. sell-side analysts anticipate that Amazon.com, Inc. will post 4.24 earnings per share for the current fiscal year.

A number of institutional investors have recently added to or reduced their stakes in the business. Whitnell & Co. increased its position in Amazon.com by 581.3% in the third quarter. Whitnell & Co. now owns 109 shares of the e-commerce giant’s stock worth $105,000 after purchasing an additional 93 shares during the period. Vestor Capital LLC increased its position in Amazon.com by 10.1% in the second quarter. Vestor Capital LLC now owns 109 shares of the e-commerce giant’s stock worth $106,000 after purchasing an additional 10 shares during the period. Clear Investment Research LLC increased its position in Amazon.com by 73,100.0% in the second quarter. Clear Investment Research LLC now owns 732 shares of the e-commerce giant’s stock worth $107,000 after purchasing an additional 731 shares during the period. WealthTrust Arizona LLC increased its position in Amazon.com by 2.7% in the second quarter. WealthTrust Arizona LLC now owns 114 shares of the e-commerce giant’s stock worth $110,000 after purchasing an additional 3 shares during the period. Finally, LeJeune Puetz Investment Counsel LLC acquired a new stake in Amazon.com in the second quarter worth about $116,000. Hedge funds and other institutional investors own 59.94% of the company’s stock.

COPYRIGHT VIOLATION WARNING: “Traders Sell Amazon.com (AMZN) on Strength Following Insider Selling” was first posted by Watch List News and is the property of of Watch List News. If you are accessing this news story on another website, it was copied illegally and republished in violation of U.S. & international copyright and trademark laws. The legal version of this news story can be read at https://www.watchlistnews.com/traders-sell-amazon-com-amzn-on-strength-following-insider-selling/1758482.html.

About Amazon.com

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 MarketBeat.com's FREE daily email newsletter.