Investors Sell Amazon.com Inc. (AMZN) on Strength (AMZN)
Traders sold shares of Amazon.com Inc. (NASDAQ:AMZN) on strength during trading hours on Wednesday. $452.91 million flowed into the stock on the tick-up and $482.71 million flowed out of the stock on the tick-down, for a money net flow of $29.80 million out of the stock. Of all equities tracked, Amazon.com had the 0th highest net out-flow for the day. Amazon.com traded up $9.52 for the day and closed at $789.74
Several research analysts have recently weighed in on AMZN shares. Jefferies Group reiterated a “buy” rating and set a $865.00 price target on shares of Amazon.com in a research note on Monday, June 27th. Zacks Investment Research upgraded Amazon.com from a “hold” rating to a “buy” rating and set a $774.00 price target for the company in a research note on Tuesday, June 28th. Royal Bank Of Canada cut their price target on Amazon.com from $1,000.00 to $840.00 and set an “outperform” rating for the company in a research note on Friday, September 16th. William Blair started coverage on Amazon.com in a research note on Friday, June 10th. They set an “outperform” rating for the company. Finally, Cantor Fitzgerald reiterated a “buy” rating and set a $800.00 price target on shares of Amazon.com in a research note on Friday, May 27th. Seven analysts have rated the stock with a hold rating and forty-four have assigned a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and a consensus price target of $864.64.
The company has a 50-day moving average of $768.87 and a 200-day moving average of $696.70. The stock has a market cap of $374.39 billion, a P/E ratio of 196.40 and a beta of 1.11.
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Amazon.com (NASDAQ:AMZN) last posted its quarterly earnings data on Thursday, July 28th. The e-commerce giant reported $1.78 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.11 by $0.67. Amazon.com had a return on equity of 13.52% and a net margin of 1.60%. The company earned $30.40 billion during the quarter, compared to analyst estimates of $29.54 billion. During the same period in the previous year, the business earned $0.19 EPS. Amazon.com’s quarterly revenue was up 31.1% on a year-over-year basis. Analysts predict that Amazon.com Inc. will post $5.76 earnings per share for the current fiscal year.
In other news, insider Jeffrey M. Blackburn sold 10,000 shares of the business’s stock in a transaction that occurred on Tuesday, August 2nd. The stock was sold at an average price of $760.98, for a total transaction of $7,609,800.00. Following the transaction, the insider now directly owns 55,887 shares in the company, valued at approximately $42,528,889.26. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, CEO Jeffrey P. Bezos sold 1,000,000 shares of the business’s stock in a transaction that occurred on Thursday, August 4th. The stock was sold at an average price of $756.74, for a total value of $756,740,000.00. Following the transaction, the chief executive officer now owns 81,871,067 shares in the company, valued at $61,955,111,241.58. The disclosure for this sale can be found here. Company insiders own 17.70% of the company’s stock.
Hedge funds and other institutional investors have recently modified their holdings of the company. Blue Fin Capital Inc. boosted its position in shares of Amazon.com by 3.2% in the first quarter. Blue Fin Capital Inc. now owns 1,724 shares of the e-commerce giant’s stock valued at $1,023,000 after buying an additional 53 shares in the last quarter. Capital City Trust Co. FL boosted its position in shares of Amazon.com by 29.3% in the first quarter. Capital City Trust Co. FL now owns 1,984 shares of the e-commerce giant’s stock valued at $1,178,000 after buying an additional 449 shares in the last quarter. Campbell Newman Asset Management Inc. boosted its position in shares of Amazon.com by 1.4% in the first quarter. Campbell Newman Asset Management Inc. now owns 893 shares of the e-commerce giant’s stock valued at $530,000 after buying an additional 12 shares in the last quarter. Eastern Bank boosted its position in shares of Amazon.com by 2.6% in the first quarter. Eastern Bank now owns 2,338 shares of the e-commerce giant’s stock valued at $1,388,000 after buying an additional 59 shares in the last quarter. Finally, Osborn Rohs Williams & Donohoe Ltd boosted its position in shares of Amazon.com by 190.0% in the first quarter. Osborn Rohs Williams & Donohoe Ltd now owns 870 shares of the e-commerce giant’s stock valued at $516,000 after buying an additional 570 shares in the last quarter. Institutional investors and hedge funds own 65.44% of the company’s stock.
Amazon.com Company Profile
Amazon.com, Inc offers a range of products and services through its Websites. The Company’s products include merchandise and content that it purchases for resale from vendors and those offered by third-party sellers. The Company has three segments: North America, International and Amazon Web Services (AWS).
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