Investors Sell Shares of Amazon.com (AMZN) on Strength (AMZN)

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.

Amazon.com (NASDAQ:AMZN) last posted its quarterly earnings results on Thursday, October 26th. The e-commerce giant reported $0.52 earnings per share for the quarter, missing the Zacks’ consensus estimate of $1.09 by ($0.57). Amazon.com had a net margin of 1.20% and a return on equity of 8.67%. The business had revenue of $43.74 billion during the quarter, compared to analyst estimates of $42.26 billion. During the same quarter in the prior year, the business earned $0.52 earnings per share. The firm’s quarterly revenue was up 33.7% on a year-over-year basis. equities research analysts forecast that Amazon.com, Inc. will post 4.24 earnings per share for the current fiscal year.

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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About Amazon.com

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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