Traders Sell Amazon.com (AMZN) on Strength Following Insider Selling
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.
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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