Stock Traders Buy Large Volume of Put Options on Amazon.com (AMZN)
Shares of Amazon.com (NASDAQ:AMZN) was the target of unusually large options trading activity on Friday. Stock investors bought 14,787 put options on the company, American Banking and Market News reports. This represents an increase of 209% compared to the average volume of 4,779 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 document filed with the Securities & Exchange Commission, 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, 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 research analyst has rated the stock with a sell rating, nine have assigned a hold rating and thirty-one have given a buy rating to the company. The company currently has a consensus rating of “Buy” and an average target price of $330.26.
Amazon.com (NASDAQ:AMZN) traded up 1.36% during mid-day trading on Friday, hitting $319.04. The stock had a trading volume of 1,814,976 shares. Amazon.com has a 52-week low of $218.18 and a 52-week 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 released its earnings data 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.
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