Traders Buy Amazon.com (AMZN) on Weakness

Traders bought shares of Amazon.com, Inc. (NASDAQ:AMZN) on weakness during trading hours on Monday. $1,826.40 million flowed into the stock on the tick-up and $1,727.17 million flowed out of the stock on the tick-down, for a money net flow of $99.23 million into the stock. Of all equities tracked, Amazon.com had the 11th highest net in-flow for the day. Amazon.com traded down ($28.40) for the day and closed at $1,133.95

Several equities research analysts have recently weighed in on AMZN shares. Mizuho reissued a “buy” rating and issued a $1,250.00 price target on shares of Amazon.com in a research note on Monday, August 7th. Goldman Sachs Group reissued a “conviction-buy” rating and issued a $1,275.00 price target on shares of Amazon.com in a research note on Wednesday, August 9th. Tigress Financial reissued a “buy” rating on shares of Amazon.com in a research note on Wednesday, August 9th. Piper Jaffray Companies reissued an “overweight” rating and issued a $1,200.00 price target on shares of Amazon.com in a research note on Thursday, August 10th. Finally, Cowen reissued an “outperform” rating and issued a $1,125.00 price target on shares of Amazon.com in a research note on Thursday, August 10th. Five equities research analysts have rated the stock with a hold rating and forty-nine have assigned a buy rating to the company. Amazon.com currently has a consensus rating of “Buy” and a consensus price target of $1,209.59.

The stock has a market cap of $546,420.00, a price-to-earnings ratio of 295.01, a PEG ratio of 14.56 and a beta of 1.46. The company has a debt-to-equity ratio of 1.00, a current ratio of 1.03 and a quick ratio of 0.74.

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

In other Amazon.com news, CEO Jeffrey P. Bezos sold 391,110 shares of the stock in a transaction that occurred on Wednesday, November 1st. The stock was sold at an average price of $1,103.53, for a total value of $431,601,618.30. Following the transaction, the chief executive officer now owns 79,891,433 shares in the company, valued at $88,162,593,058.49. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, Director Tom A. Alberg sold 1,860 shares of the stock in a transaction that occurred on Monday, November 6th. The stock was sold at an average price of $1,109.20, for a total value of $2,063,112.00. Following the completion of the transaction, the director now owns 18,460 shares in the company, valued at approximately $20,475,832. The disclosure for this sale can be found here. In the last quarter, insiders sold 399,538 shares of company stock worth $441,142,749. Corporate insiders own 17.00% of the company’s stock.

A number of large investors have recently made changes to their positions in AMZN. Harbour Capital Advisors LLC lifted its holdings in shares of Amazon.com by 100,947.5% in the second quarter. Harbour Capital Advisors LLC now owns 2,302,872 shares of the e-commerce giant’s stock valued at $2,379,000 after purchasing an additional 2,300,593 shares in the last quarter. Janus Henderson Group PLC lifted its holdings in shares of Amazon.com by 1,045.8% in the second quarter. Janus Henderson Group PLC now owns 1,775,556 shares of the e-commerce giant’s stock valued at $1,718,711,000 after purchasing an additional 1,620,588 shares in the last quarter. Vanguard Group Inc. lifted its holdings in shares of Amazon.com by 2.9% in the second quarter. Vanguard Group Inc. now owns 26,863,386 shares of the e-commerce giant’s stock valued at $26,003,758,000 after purchasing an additional 764,115 shares in the last quarter. Truepoint Inc. lifted its holdings in shares of Amazon.com by 94,448.7% in the third quarter. Truepoint Inc. now owns 572,965 shares of the e-commerce giant’s stock valued at $573,000 after purchasing an additional 572,359 shares in the last quarter. Finally, BlackRock Inc. lifted its holdings in shares of Amazon.com by 2.4% in the second quarter. BlackRock Inc. now owns 23,925,821 shares of the e-commerce giant’s stock valued at $23,160,193,000 after purchasing an additional 554,990 shares in the last quarter. Institutional investors and hedge funds own 59.79% of the company’s stock.

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Amazon.com Company Profile

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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