Amazon.com Sees Unusually Large Options Volume (AMZN)
Shares of Amazon.com (NASDAQ:AMZN) saw some unusual options trading on Tuesday. Stock traders purchased 17,162 call options on the company, Analyst Ratings Network reports. This is an increase of 415% compared to the average daily volume of 3,331 call options.
In other Amazon.com news, SVP Jeffrey Wilke sold 2,500 shares of Amazon.com stock in a transaction dated Thursday, September 26th. The shares were sold at an average price of $319.02, for a total transaction of $797,550.00. Following the transaction, the senior vice president now directly owns 50,433 shares in the company, valued at approximately $16,089,136. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link.
Several analysts have recently commented on the stock. Analysts at Wedbush reiterated a “hold” rating on shares of Amazon.com (NASDAQ:AMZN) in a research note to investors on Monday, September 23rd. 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, September 23rd. 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 investment analyst has rated the stock with a sell rating, nine have issued a hold rating and thirty-one have assigned a buy rating to the company’s stock. Amazon.com has a consensus rating of “Buy” and a consensus target price of $330.26.
Amazon.com (NASDAQ:AMZN) traded up 2.66% on Tuesday, hitting $320.95. 2,396,323 shares of the company’s stock traded hands. Amazon.com has a one year low of $218.18 and a one year high of $320.57. The stock has a 50-day moving average of $297.1 and a 200-day moving average of $280.5. The company’s market cap is $146.6 billion.
Amazon.com (NASDAQ:AMZN) last posted its quarterly earnings results on Thursday, July 25th. The company reported ($0.08) earnings per share for the quarter, missing the analysts’ 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 last year, the company posted $0.01 earnings per share. Amazon.com’s revenue was up 22.4% compared to the same quarter last year. 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.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.