Investors Buy Shares of Amazon.com (AMZN) on Weakness

Traders bought shares of Amazon.com, Inc. (NASDAQ:AMZN) on weakness during trading hours on Monday. $2,107.42 million flowed into the stock on the tick-up and $1,795.92 million flowed out of the stock on the tick-down, for a money net flow of $311.50 million into the stock. Of all stocks tracked, Amazon.com had the 2nd highest net in-flow for the day. Amazon.com traded down ($37.73) for the day and closed at $1,627.80

Several equities research analysts recently issued reports on AMZN shares. Wells Fargo & Co restated a “buy” rating and issued a $2,300.00 target price on shares of Amazon.com in a report on Monday, October 1st. Oppenheimer restated a “buy” rating and issued a $2,020.00 target price (down previously from $2,130.00) on shares of Amazon.com in a report on Monday, October 29th. Goldman Sachs Group restated a “buy” rating on shares of Amazon.com in a report on Tuesday, October 2nd. Barclays restated a “buy” rating on shares of Amazon.com in a report on Monday, September 17th. Finally, Deutsche Bank restated a “buy” rating on shares of Amazon.com in a report on Tuesday, October 23rd. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and forty-seven have assigned a buy rating to the company’s stock. Amazon.com has a consensus rating of “Buy” and an average target price of $2,091.53.

The stock has a market cap of $814.39 billion, a P/E ratio of 357.76, a price-to-earnings-growth ratio of 3.21 and a beta of 1.70. 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 data on Thursday, October 25th. The e-commerce giant reported $5.75 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $3.29 by $2.46. The firm had revenue of $56.58 billion for the quarter, compared to the consensus estimate 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 19.24 EPS for the current year.

In other news, insider Jeffrey M. Blackburn sold 2,054 shares of the firm’s stock in a transaction on Wednesday, August 15th. The shares were sold at an average price of $1,899.75, for a total transaction of $3,902,086.50. Following the sale, the insider now directly owns 46,595 shares in the company, valued at approximately $88,518,851.25. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Judith A. Mcgrath sold 500 shares of the firm’s stock in a transaction on Thursday, August 16th. The shares were sold at an average price of $1,905.00, for a total transaction of $952,500.00. The disclosure for this sale can be found here. Insiders have sold a total of 34,952 shares of company stock worth $62,436,285 over the last 90 days. Insiders own 16.30% of the company’s stock.

A number of institutional investors and hedge funds have recently bought and sold shares of AMZN. HC Financial Advisors Inc. purchased a new position in Amazon.com during the fourth quarter valued at $315,000. Trustcore Financial Services LLC grew its stake in shares of Amazon.com by 28.7% in the 1st quarter. Trustcore Financial Services LLC now owns 2,303 shares of the e-commerce giant’s stock worth $3,333,000 after buying an additional 514 shares in the last quarter. Motley Fool Asset Management LLC purchased a new position in shares of Amazon.com in the 1st quarter worth $28,382,000. Point View Wealth Management Inc. purchased a new position in shares of Amazon.com in the 1st quarter worth $239,000. Finally, Busey Trust CO purchased a new position in shares of Amazon.com in the 1st quarter worth $36,735,000. 56.59% of the stock is owned by institutional investors.

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About Amazon.com (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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