Traders Sell Shares of Amazon.com (AMZN) on Strength on Insider Selling

Traders sold shares of Amazon.com, Inc. (NASDAQ:AMZN) on strength during trading hours on Wednesday following insider selling activity. $2,835.94 million flowed into the stock on the tick-up and $3,175.73 million flowed out of the stock on the tick-down, for a money net flow of $339.79 million out of the stock. Of all equities tracked, Amazon.com had the 3rd highest net out-flow for the day. Amazon.com traded up $112.68 for the day and closed at $1,755.49Specifically, SVP David Zapolsky sold 1,927 shares of the company’s stock in a transaction dated Wednesday, August 15th. The shares were sold at an average price of $1,899.96, for a total value of $3,661,222.92. Following the completion of the transaction, the senior vice president now directly owns 3,161 shares of the company’s stock, valued at approximately $6,005,773.56. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, CEO Andrew R. Jassy sold 1,726 shares of the company’s stock in a transaction dated Wednesday, August 15th. The shares were sold at an average price of $1,900.00, for a total transaction of $3,279,400.00. Following the completion of the transaction, the chief executive officer now directly owns 88,801 shares of the company’s stock, valued at $168,721,900. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 36,327 shares of company stock valued at $64,744,896. 16.30% of the stock is owned by corporate insiders.

A number of equities analysts have weighed in on the stock. Wedbush set a $2,100.00 price objective on shares of Amazon.com and gave the company a “buy” rating in a research report on Tuesday, October 23rd. UBS Group reissued a “buy” rating on shares of Amazon.com in a research report on Friday, October 26th. Piper Jaffray Companies reissued an “overweight” rating and issued a $2,100.00 price objective (up from $2,075.00) on shares of Amazon.com in a research report on Friday, July 27th. Macquarie reissued a “buy” rating on shares of Amazon.com in a research report on Wednesday, August 15th. Finally, Jefferies Financial Group reissued a “buy” rating on shares of Amazon.com in a research report on Thursday, August 23rd. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and forty-seven have given a buy rating to the company. The stock presently has an average rating of “Buy” and an average target price of $2,091.53.

The company has a market capitalization of $814.39 billion, a price-to-earnings ratio of 385.82, a PEG 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 released its quarterly earnings data on Thursday, October 25th. The e-commerce giant reported $5.75 earnings per share for the quarter, topping the consensus estimate of $3.29 by $2.46. The firm had revenue of $56.58 billion for the quarter, compared to analyst estimates of $57.05 billion. Amazon.com had a net margin of 4.03% and a return on equity of 24.35%. As a group, research analysts expect that Amazon.com, Inc. will post 19.37 earnings per share for the current fiscal year.

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Marcus Capital LLC increased its stake in shares of Amazon.com by 2.4% in the second quarter. Marcus Capital LLC now owns 1,171 shares of the e-commerce giant’s stock valued at $1,990,000 after purchasing an additional 27 shares during the period. Winthrop Advisory Group LLC increased its stake in shares of Amazon.com by 3.8% in the second quarter. Winthrop Advisory Group LLC now owns 744 shares of the e-commerce giant’s stock valued at $1,265,000 after purchasing an additional 27 shares during the period. AMI Investment Management Inc. increased its stake in shares of Amazon.com by 17.6% in the second quarter. AMI Investment Management Inc. now owns 180 shares of the e-commerce giant’s stock valued at $306,000 after purchasing an additional 27 shares during the period. BKD Wealth Advisors LLC increased its stake in shares of Amazon.com by 3.1% in the second quarter. BKD Wealth Advisors LLC now owns 943 shares of the e-commerce giant’s stock valued at $1,603,000 after purchasing an additional 28 shares during the period. Finally, Beaton Management Co. Inc. increased its stake in shares of Amazon.com by 2.8% in the second quarter. Beaton Management Co. Inc. now owns 1,024 shares of the e-commerce giant’s stock valued at $1,740,000 after purchasing an additional 28 shares during the period. Hedge funds and other institutional investors own 56.59% of the company’s stock.

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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.

Further Reading: Cash Flow

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