Stock Traders Buy High Volume of Call Options on Amazon.com (AMZN)
Shares of Amazon.com (NASDAQ:AMZN) were the target of unusually large options trading on Tuesday. Investors acquired 60,884 call options on the stock, American Banking News.com reports. This represents an increase of 196% compared to the average daily volume of 20,577 call options.
Several analysts have recently commented on the stock. Analysts at Jefferies Group reiterated a “positive” rating on shares of Amazon.com in a research note on Tuesday. Separately, analysts at Stifel Nicolaus initiated coverage on shares of Amazon.com in a research note on Wednesday, August 13th. They set a “hold” rating and a $330.00 price target on the stock. Finally, analysts at Robert W. Baird reiterated an “outperform” rating on shares of Amazon.com in a research note on Wednesday, August 6th. Three equities research analysts have rated the stock with a sell rating, ten have issued a hold rating, nineteen have given a buy rating and two have issued a strong buy rating to the company’s stock. Amazon.com has an average rating of “Buy” and an average target price of $408.04.
Shares of Amazon.com (NASDAQ:AMZN) traded up 2.34% during mid-day trading on Tuesday, hitting $341.83. 3,578,819 shares of the company’s stock traded hands. Amazon.com has a 52 week low of $279.33 and a 52 week high of $408.06. The stock’s 50-day moving average is $332.9 and its 200-day moving average is $332.4. The company has a market cap of $157.9 billion and a price-to-earnings ratio of 852.09.
Amazon.com (NASDAQ:AMZN) last released its earnings data on Thursday, July 24th. The company reported ($0.24) EPS for the quarter, missing the Thomson Reuters consensus estimate of ($0.14) by $0.10. The company had revenue of $19.34 billion for the quarter, compared to the consensus estimate of $19.32 billion. During the same quarter in the prior year, the company posted ($0.02) earnings per share. The company’s quarterly revenue was up 23.2% on a year-over-year basis. Analysts expect that Amazon.com will post $-0.14 EPS for the current fiscal year.
Amazon.com, Inc (NASDAQ:AMZN) serves consumers through its retail websites and focus on selection, price, and convenience.
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