Investors Buy Large Volume of Put Options on Amazon.com (AMZN)
Amazon.com (NASDAQ:AMZN) saw some unusual options trading on Friday. Investors purchased 9,692 put options on the company, Analyst Ratings Network.com reports. This is an increase of 418% compared to the typical daily volume of 1,872 put options.
In other Amazon.com news, SVP Jeffrey Wilke sold 2,500 shares of the company’s stock on the open market in a transaction dated Thursday, September 26th. The stock was sold at an average price of $319.02, for a total transaction of $797,550.00. Following the completion of the sale, the senior vice president now directly owns 50,433 shares of the company’s stock, valued at approximately $16,089,136. The sale was disclosed in a legal filing with the SEC, which can be accessed through 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 equities research analyst has rated the stock with a sell rating, nine have given a hold rating and thirty-one have assigned a buy rating to the stock. Amazon.com has an average rating of “Buy” and a consensus target price of $330.26.
Amazon.com (NASDAQ:AMZN) traded down 0.66% during mid-day trading on Friday, hitting $316.01. 1,658,435 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 $296.0 and a 200-day moving average of $279.8. The company’s market cap is $144.4 billion.
Amazon.com (NASDAQ:AMZN) last issued its quarterly earnings data on Thursday, July 25th. The company reported ($0.08) EPS for the quarter, missing the Thomson Reuters 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 prior year, the company posted $0.01 earnings per share. The company’s quarterly revenue was up 22.4% on a year-over-year basis. Analysts expect that Amazon.com will post $0.87 EPS 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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