Traders sold shares of Amazon.com, Inc. (NASDAQ:AMZN) on strength during trading hours on Tuesday. $1,153.60 million flowed into the stock on the tick-up and $1,262.19 million flowed out of the stock on the tick-down, for a money net flow of $108.59 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 $5.83 for the day and closed at $1,252.70
Several equities research analysts recently commented on the company. Vetr raised Amazon.com from a “sell” rating to a “hold” rating and set a $1,155.74 price target for the company in a report on Wednesday, November 29th. JPMorgan Chase & Co. reiterated a “buy” rating and issued a $1,385.00 price objective (up from $1,375.00) on shares of Amazon.com in a research report on Wednesday. Stifel Nicolaus increased their price objective on Amazon.com from $1,313.00 to $1,425.00 and gave the stock a “buy” rating in a research report on Thursday. SunTrust Banks reiterated a “buy” rating and issued a $1,190.00 price objective on shares of Amazon.com in a research report on Monday, October 2nd. Finally, Wells Fargo & Co reiterated a “buy” rating on shares of Amazon.com in a research report on Monday, December 4th. Four research analysts have rated the stock with a hold rating and fifty-one have issued a buy rating to the company’s stock. The company has a consensus rating of “Buy” and a consensus target price of $1,259.52.
The company has a current ratio of 1.03, a quick ratio of 0.74 and a debt-to-equity ratio of 1.00. The stock has a market capitalization of $604,430.00, a P/E ratio of 316.75, a price-to-earnings-growth ratio of 7.22 and a beta of 1.46.
In other news, Director Tom A. Alberg sold 835 shares of Amazon.com stock in a transaction dated Monday, November 27th. The stock was sold at an average price of $1,202.74, for a total transaction of $1,004,287.90. Following the sale, the director now owns 17,114 shares in the company, valued at $20,583,692.36. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Jeffrey A. Wilke sold 2,800 shares of Amazon.com stock in a transaction dated Friday, December 8th. The stock was sold at an average price of $1,160.34, for a total value of $3,248,952.00. Following the sale, the chief executive officer now owns 10,000 shares in the company, valued at approximately $11,603,400. The disclosure for this sale can be found here. Insiders have sold 402,338 shares of company stock worth $444,391,701 in the last quarter. Insiders own 17.00% of the company’s stock.
A number of hedge funds have recently modified their holdings of AMZN. Triangle Securities Wealth Management purchased a new stake in Amazon.com in the 4th quarter valued at approximately $206,000. Grassi Investment Management boosted its holdings in Amazon.com by 8.4% in the 4th quarter. Grassi Investment Management now owns 580 shares of the e-commerce giant’s stock valued at $678,000 after purchasing an additional 45 shares in the last quarter. Waverton Investment Management Ltd boosted its stake in shares of Amazon.com by 0.5% during the 4th quarter. Waverton Investment Management Ltd now owns 85,780 shares of the e-commerce giant’s stock worth $100,317,000 after acquiring an additional 404 shares in the last quarter. Pure Financial Advisors Inc. boosted its stake in shares of Amazon.com by 6.7% during the 4th quarter. Pure Financial Advisors Inc. now owns 655 shares of the e-commerce giant’s stock worth $766,000 after acquiring an additional 41 shares in the last quarter. Finally, Highwater Wealth Management LLC purchased a new stake in shares of Amazon.com during the 4th quarter worth approximately $220,000. Hedge funds and other institutional investors own 59.78% of the company’s stock.
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Amazon.com, Inc offers a range of products and services through its Websites. The Company operates through three segments: North America, International and Amazon Web Services (AWS). The Company’s products include merchandise and content that it purchases for resale from vendors and those offered by third-party sellers.
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