Investors Purchase High Volume of Put Options on Amazon.com (AMZN)
Shares of Amazon.com (NASDAQ:AMZN) saw unusually large options trading activity on Tuesday. Stock investors bought 14,477 put options on the stock, Analyst Ratings Network.com reports. This represents an increase of 398% compared to the typical daily volume of 2,905 put options.
In other Amazon.com news, SVP Jeffrey Wilke sold 2,500 shares of Amazon.com stock in a transaction that occurred on Thursday, September 26th. The shares were sold at an average price of $319.02, for a total transaction of $797,550.00. Following 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 is available at this link.
A number of research firms have recently commented on AMZN. 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 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 company. Amazon.com has an average rating of “Buy” and an average target price of $330.26.
Shares of Amazon.com (NASDAQ:AMZN) traded up 2.66% on Tuesday, hitting $320.95. The stock had a trading volume of 2,398,643 shares. Amazon.com has a 52 week low of $218.18 and a 52 week high of $320.57. The stock’s 50-day moving average is $297.1 and its 200-day moving average is $280.5. The company’s market cap is $146.6 billion.
Amazon.com (NASDAQ:AMZN) last released its 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 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 $0.87 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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