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.
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.
TRADEMARK VIOLATION NOTICE: This piece of content was posted by StockNewsTimes and is the property of of StockNewsTimes. If you are viewing this piece of content on another website, it was illegally copied and republished in violation of international copyright legislation. The correct version of this piece of content can be accessed at https://stocknewstimes.com/2017/12/06/traders-sell-amazon-com-amzn-on-strength-amzn.html.
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.