Traders Purchase Large Volume of Put Options on Amazon.com (AMZN)
Shares of Amazon.com (NASDAQ:AMZN) saw some unusual options trading activity on Wednesday. Traders acquired 10,003 put options on the company, Analyst Ratings Network.com reports. This represents an increase of 456% compared to the typical daily volume of 1,800 put options.
In other Amazon.com news, SVP Jeffrey Wilke unloaded 2,500 shares of the stock on the open market in a transaction that occurred on Wednesday, September 18th. The stock was sold at an average price of $309.06, for a total transaction of $772,650.00. Following the transaction, the senior vice president now directly owns 52,933 shares of the company’s stock, valued at approximately $16,359,473. The sale was disclosed in a document filed with the SEC, which is available at this link.
A number of analysts have recently weighed in on AMZN shares. Analysts at Wedbush reiterated a “hold” rating on shares of Amazon.com (NASDAQ:AMZN) in a research note to investors on Monday. They now have a $330.00 price target on the stock. Separately, analysts at Telsey Advisory Group raised their price target on shares of Amazon.com (NASDAQ:AMZN) from $370.00 to $400.00 in a research note to investors on Monday. They now have a “not rated” rating on the stock. Finally, analysts at CRT Capital initiated coverage on shares of Amazon.com (NASDAQ:AMZN) in a research note to investors on Thursday, September 19th. They set a “buy” rating on the stock.
One research analyst has rated the stock with a sell rating, nine have given a hold rating and thirty-one have issued a buy rating to the stock. Amazon.com presently has an average rating of “Buy” and a consensus target price of $330.26.
Shares of Amazon.com (NASDAQ:AMZN) traded down 0.47% on Wednesday, hitting $312.65. 2,010,249 shares of the company’s stock traded hands. Amazon.com has a 52 week low of $218.18 and a 52 week high of $320.57. The stock has a 50-day moving average of $295.4 and a 200-day moving average of $279.5. The company’s market cap is $142.8 billion.
Amazon.com (NASDAQ:AMZN) last posted its quarterly earnings results on Thursday, July 25th. The company reported ($0.08) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.05 by $0.13. The company had revenue of $15.70 billion for the quarter, compared to the consensus estimate of $15.73 billion. During the same quarter in the previous year, the company posted $0.01 earnings per share. The company’s revenue for the quarter was up 22.4% on a year-over-year basis. On average, analysts predict that Amazon.com will post $0.85 earnings per share for the current fiscal year.
Amazon.com, Inc (NASDAQ:AMZN), incorporated on May 28, 1996, serves consumers through its retail websites and focus on selection, price, and convenience.
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