Investors Sell Amazon.com (AMZN) on Strength on Insider Selling

Traders sold shares of Amazon.com, Inc. (NASDAQ:AMZN) on strength during trading on Thursday following insider selling activity. $2,769.68 million flowed into the stock on the tick-up and $2,930.96 million flowed out of the stock on the tick-down, for a money net flow of $161.28 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 $67.52 for the day and closed at $1,665.53Specifically, CEO Jeffrey P. Bezos sold 16,964 shares of the company’s stock in a transaction dated Monday, October 29th. The shares were sold at an average price of $1,632.23, for a total transaction of $27,689,149.72. Following the completion of the sale, the chief executive officer now directly owns 78,884,539 shares in the company, valued at $128,757,711,091.97. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Tom A. Alberg sold 2,320 shares of the company’s stock in a transaction dated Monday, August 6th. The shares were sold at an average price of $1,827.29, for a total transaction of $4,239,312.80. The disclosure for this sale can be found here. Insiders have sold 37,272 shares of company stock valued at $66,675,598 over the last 90 days. Corporate insiders own 16.30% of the company’s stock.

A number of research firms have issued reports on AMZN. William Blair restated an “outperform” rating on shares of Amazon.com in a report on Monday. BidaskClub cut shares of Amazon.com from a “hold” rating to a “sell” rating in a research note on Wednesday. JMP Securities reiterated a “buy” rating on shares of Amazon.com in a research note on Tuesday. Aegis increased their target price on shares of Amazon.com from $2,063.00 to $2,225.00 and gave the company a “buy” rating in a research note on Tuesday. Finally, Oppenheimer reiterated a “buy” rating and issued a $2,020.00 target price (down previously from $2,130.00) on shares of Amazon.com in a research note on Monday. One research analyst has rated the stock with a sell rating, three have issued a hold rating and forty-seven have issued a buy rating to the company’s stock. Amazon.com has an average rating of “Buy” and an average target price of $2,091.53.

The company has a market capitalization of $748.33 billion, a P/E ratio of 366.05, a PEG ratio of 2.95 and a beta of 1.58. The company has a current ratio of 1.08, a quick ratio of 0.80 and a debt-to-equity ratio of 0.63.

Amazon.com (NASDAQ:AMZN) last announced its quarterly earnings results on Thursday, October 25th. The e-commerce giant reported $5.75 EPS for the quarter, topping analysts’ consensus estimates of $3.29 by $2.46. The firm had revenue of $56.58 billion during the quarter, compared to analysts’ expectations of $57.05 billion. Amazon.com had a net margin of 4.03% and a return on equity of 24.35%. As a group, equities analysts forecast that Amazon.com, Inc. will post 19.19 earnings per share for the current fiscal year.

Several hedge funds and other institutional investors have recently bought and sold shares of AMZN. BlackRock Inc. increased its holdings in shares of Amazon.com by 0.7% in the second quarter. BlackRock Inc. now owns 25,402,494 shares of the e-commerce giant’s stock valued at $43,179,159,000 after purchasing an additional 167,739 shares in the last quarter. FMR LLC increased its holdings in shares of Amazon.com by 0.7% in the second quarter. FMR LLC now owns 17,245,226 shares of the e-commerce giant’s stock valued at $29,313,435,000 after purchasing an additional 121,401 shares in the last quarter. Summit Trail Advisors LLC increased its holdings in shares of Amazon.com by 180,406.1% in the first quarter. Summit Trail Advisors LLC now owns 9,848,415 shares of the e-commerce giant’s stock valued at $9,848,000 after purchasing an additional 9,842,959 shares in the last quarter. Northern Trust Corp increased its holdings in shares of Amazon.com by 1.1% in the second quarter. Northern Trust Corp now owns 4,676,441 shares of the e-commerce giant’s stock valued at $7,949,013,000 after purchasing an additional 50,552 shares in the last quarter. Finally, Morgan Stanley increased its holdings in shares of Amazon.com by 1.8% in the second quarter. Morgan Stanley now owns 4,637,654 shares of the e-commerce giant’s stock valued at $7,883,083,000 after purchasing an additional 81,024 shares in the last quarter. 56.73% of the stock is owned by institutional investors.

Amazon.com Company Profile (NASDAQ:AMZN)

Amazon.com, Inc engages in the retail sale of consumer products and subscriptions in North America and internationally. The company operates through three segments: North America, International, and Amazon Web Services (AWS) segments. It sells merchandise and content purchased for resale from vendors, as well as those offered by third-party sellers through physical stores and retail Websites, such as amazon.com, amazon.ca, amazon.com.mx, amazon.com.au, amazon.com.br, amazon.cn, amazon.fr, amazon.de, amazon.in, amazon.it, amazon.co.jp, amazon.nl, amazon.es, and amazon.co.uk.

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