Investors Purchase Large Volume of Amazon.com Call Options (AMZN)
Shares of Amazon.com (NASDAQ:AMZN) was the target of unusually large options trading activity on Friday. Traders bought 15,427 call options on the stock, Stock Ratings Network.com reports. This represents an increase of 207% compared to the typical daily volume of 5,022 call options.
In other Amazon.com news, SVP Jeffrey Wilke unloaded 2,500 shares of the stock in a transaction that occurred on Thursday, September 26th. The stock was 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 in the company, valued at approximately $16,089,136. The sale was disclosed in a legal filing with the SEC, which is available at this link.
AMZN has been the subject of a number of recent research reports. 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 given a hold rating and thirty-one have assigned a buy rating to the stock. The company currently has an average rating of “Buy” and an average price target of $330.26.
Amazon.com (NASDAQ:AMZN) traded up 1.36% on Friday, hitting $319.04. The stock had a trading volume of 1,814,976 shares. Amazon.com has a 1-year low of $218.18 and a 1-year high of $322.92. The stock has a 50-day moving average of $299.2 and a 200-day moving average of $281.. The company’s market cap is $145.8 billion.
Amazon.com (NASDAQ:AMZN) last posted its quarterly earnings results 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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