Traders Sell Amazon.com (AMZN) on Strength (AMZN)

Traders sold shares of Amazon.com, Inc. (NASDAQ:AMZN) on strength during trading on Tuesday. $1,172.65 million flowed into the stock on the tick-up and $1,359.13 million flowed out of the stock on the tick-down, for a money net flow of $186.48 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 $7.62 for the day and closed at $1,141.57

Several equities analysts have recently weighed in on AMZN shares. Canaccord Genuity reiterated a “buy” rating and issued a $1,200.00 price target on shares of Amazon.com in a research report on Wednesday, October 11th. Wedbush set a $1,250.00 price target on Amazon.com and gave the company a “buy” rating in a research report on Monday, October 23rd. Royal Bank Of Canada set a $1,100.00 price objective on Amazon.com and gave the company a “buy” rating in a research note on Monday, September 11th. Morgan Stanley reissued a “buy” rating and set a $1,150.00 price objective on shares of Amazon.com in a research note on Tuesday, October 10th. Finally, Atlantic Securities reissued a “buy” rating on shares of Amazon.com in a research note on Friday, October 27th. Four research analysts have rated the stock with a hold rating and fifty have issued a buy rating to the stock. The company currently has a consensus rating of “Buy” and a consensus target price of $1,210.68.

The stock has a market cap of $546,418.94, a P/E ratio of 287.80, a PEG ratio of 14.21 and a beta of 1.47. The company has a debt-to-equity ratio of 1.00, a current ratio of 1.03 and a quick ratio of 0.74.

Amazon.com (NASDAQ:AMZN) last released its quarterly earnings data on Thursday, October 26th. The e-commerce giant reported $0.52 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $1.09 by ($0.57). The company had revenue of $43.74 billion during the quarter, compared to analysts’ expectations of $42.26 billion. Amazon.com had a return on equity of 8.67% and a net margin of 1.20%. The firm’s quarterly revenue was up 33.7% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.52 EPS. research analysts anticipate that Amazon.com, Inc. will post 4.24 EPS for the current year.

In other news, CEO Jeffrey P. Bezos sold 391,110 shares of Amazon.com stock in a transaction dated Wednesday, November 1st. The stock was 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 $88,162,593,058.49. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, VP Shelley Reynolds sold 544 shares of Amazon.com stock in a transaction dated Wednesday, November 15th. The stock was sold at an average price of $1,126.27, for a total value of $612,690.88. The disclosure for this sale can be found here. In the last quarter, insiders sold 399,538 shares of company stock worth $441,142,749. Company insiders own 17.00% of the company’s stock.

Several institutional investors and hedge funds have recently added to or reduced their stakes in AMZN. Harbour Capital Advisors LLC increased its holdings in Amazon.com by 100,947.5% during 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 purchasing an additional 2,300,593 shares during the period. Janus Henderson Group PLC increased its holdings in Amazon.com by 1,045.8% during 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 purchasing an additional 1,620,588 shares during the period. Vanguard Group Inc. increased its holdings in Amazon.com by 2.9% during 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 purchasing an additional 764,115 shares during the period. Truepoint Inc. increased its holdings in Amazon.com by 94,448.7% during the 3rd quarter. Truepoint Inc. now owns 572,965 shares of the e-commerce giant’s stock valued at $573,000 after purchasing an additional 572,359 shares during the period. Finally, BlackRock Inc. increased its holdings in Amazon.com by 2.4% during 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 purchasing an additional 554,990 shares during the period. Hedge funds and other institutional investors own 59.79% of the company’s stock.

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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 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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