Investors Sell Amazon.com, Inc. (AMZN) on Strength (AMZN)

Investors sold shares of Amazon.com, Inc. (NASDAQ:AMZN) on strength during trading hours on Wednesday. $701.20 million flowed into the stock on the tick-up and $856.72 million flowed out of the stock on the tick-down, for a money net flow of $155.52 million out of the stock. Of all companies tracked, Amazon.com had the 0th highest net out-flow for the day. Amazon.com traded up $12.93 for the day and closed at $1,052.80

A number of research firms have commented on AMZN. MKM Partners reaffirmed a “buy” rating and issued a $1,095.00 target price (up previously from $995.00) on shares of Amazon.com in a research report on Monday, May 8th. Cowen and Company reaffirmed an “outperform” rating and issued a $1,050.00 target price on shares of Amazon.com in a research report on Monday, April 10th. Maxim Group reiterated a “buy” rating and set a $1,000.00 price target (up from $940.00) on shares of Amazon.com in a research note on Thursday, April 20th. Vetr lowered shares of Amazon.com from a “buy” rating to a “hold” rating and set a $948.53 price target on the stock. in a research note on Thursday, April 27th. Finally, Instinet reiterated a “buy” rating on shares of Amazon.com in a research note on Friday, June 2nd. One investment analyst has rated the stock with a sell rating, four have given a hold rating, forty-three have issued a buy rating and one has issued a strong buy rating to the stock. The company presently has a consensus rating of “Buy” and a consensus price target of $1,058.27.

The firm has a market cap of $474.41 billion, a P/E ratio of 251.16 and a beta of 1.48. The stock has a 50 day moving average of $999.29 and a 200-day moving average of $918.57.

Amazon.com (NASDAQ:AMZN) last announced its earnings results on Thursday, July 27th. The e-commerce giant reported $0.40 earnings per share for the quarter, missing the 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 for the quarter, compared to the consensus estimate of $37.18 billion. During the same quarter in the previous year, the company earned $1.78 EPS. Amazon.com’s revenue for the quarter was up 24.8% compared to the same quarter last year. Analysts anticipate that Amazon.com, Inc. will post $3.84 earnings per share for the current fiscal year.

In other Amazon.com news, Director Tom A. Alberg sold 735 shares of the company’s stock in a transaction that occurred on Tuesday, May 9th. The stock was sold at an average price of $952.80, for a total value of $700,308.00. Following the completion of the transaction, the director now owns 21,120 shares of the company’s stock, valued at approximately $20,123,136. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CEO Jeffrey A. Wilke sold 4,000 shares of the company’s stock in a transaction that occurred on Tuesday, May 23rd. The shares were sold at an average price of $969.73, for a total value of $3,878,920.00. Following the completion of the transaction, the chief executive officer now directly owns 10,000 shares of the company’s stock, valued at approximately $9,697,300. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 12,915 shares of company stock valued at $12,698,264. 17.70% of the stock is owned by corporate insiders.

A number of institutional investors have recently bought and sold shares of the stock. State Street Corp boosted its position in Amazon.com by 1.1% in the first quarter. State Street Corp now owns 16,544,538 shares of the e-commerce giant’s stock valued at $14,667,392,000 after buying an additional 186,756 shares during the period. Norges Bank purchased a new position in Amazon.com during the fourth quarter valued at approximately $2,736,365,000. Harbour Capital Advisors LLC boosted its position in Amazon.com by 100,947.5% in the second 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 period. Loomis Sayles & Co. L P boosted its position in Amazon.com by 4.2% in the fourth quarter. Loomis Sayles & Co. L P now owns 2,155,878 shares of the e-commerce giant’s stock valued at $1,616,628,000 after buying an additional 86,357 shares during the period. Finally, Fisher Asset Management LLC boosted its position in Amazon.com by 1.1% in the first quarter. Fisher Asset Management LLC now owns 2,024,756 shares of the e-commerce giant’s stock valued at $1,795,028,000 after buying an additional 22,032 shares during the period. 62.50% of the stock is owned by hedge funds and other institutional investors.

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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 North America segment consists of retail sales of consumer products (including from sellers) and subscriptions through North America-focused Websites, such as www.amazon.com, www.amazon.ca and www.amazon.com.mx.