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

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Investors sold shares of Amazon.com, Inc. (NASDAQ:AMZN) on strength during trading hours on Monday. $1,395.55 million flowed into the stock on the tick-up and $1,476.45 million flowed out of the stock on the tick-down, for a money net flow of $80.90 million out of the stock. Of all equities tracked, Amazon.com had the 33rd highest net out-flow for the day. Amazon.com traded up $25.62 for the day and closed at $1,887.31

A number of research firms have issued reports on AMZN. Wedbush restated an “outperform” rating and set a $1,861.69 target price on shares of Amazon.com in a research report on Monday. Zacks Investment Research downgraded shares of Amazon.com from a “buy” rating to a “hold” rating in a research report on Monday, January 21st. Stifel Nicolaus restated a “buy” rating and set a $2,300.00 target price on shares of Amazon.com in a research report on Monday. Oppenheimer upped their target price on shares of Amazon.com from $1,975.00 to $2,085.00 and gave the company an “outperform” rating in a research report on Monday, April 1st. Finally, CIBC upped their target price on shares of Amazon.com from $1,975.00 to $2,085.00 and gave the company an “outperform” rating in a research report on Monday, April 1st. Four investment analysts have rated the stock with a hold rating and forty-six have given a buy rating to the stock. The company presently has a consensus rating of “Buy” and an average target price of $2,133.35.

The company has a debt-to-equity ratio of 0.54, a current ratio of 1.10 and a quick ratio of 0.85. The company has a market capitalization of $916.04 billion, a PE ratio of 94.43, a P/E/G ratio of 2.24 and a beta of 1.63.

Amazon.com (NASDAQ:AMZN) last posted its earnings results on Thursday, January 31st. The e-commerce giant reported $6.04 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $5.55 by $0.49. Amazon.com had a return on equity of 27.02% and a net margin of 4.33%. The business had revenue of $72.38 billion during the quarter, compared to analysts’ expectations of $71.73 billion. During the same period in the prior year, the business earned $2.16 EPS. Equities analysts anticipate that Amazon.com, Inc. will post 26.64 EPS for the current year.

In related news, CEO Jeffrey A. Wilke sold 1,645 shares of the stock in a transaction that occurred on Thursday, February 21st. The stock was sold at an average price of $1,614.65, for a total transaction of $2,656,099.25. Following the completion of the sale, the chief executive officer now directly owns 10,000 shares of the company’s stock, valued at approximately $16,146,500. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CEO Jeffrey A. Wilke sold 2,000 shares of the stock in a transaction that occurred on Thursday, March 21st. The stock was sold at an average price of $1,811.14, for a total value of $3,622,280.00. Following the sale, the chief executive officer now directly owns 10,000 shares of the company’s stock, valued at $18,111,400. The disclosure for this sale can be found here. Over the last three months, insiders have sold 7,075 shares of company stock valued at $11,802,708. 16.30% of the stock is owned by company insiders.

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Northwestern Mutual Wealth Management Co. grew its stake in shares of Amazon.com by 3.0% during the 3rd quarter. Northwestern Mutual Wealth Management Co. now owns 54,608 shares of the e-commerce giant’s stock worth $109,373,000 after acquiring an additional 1,599 shares in the last quarter. Ironwood Investment Counsel LLC grew its stake in shares of Amazon.com by 39.7% during the 3rd quarter. Ironwood Investment Counsel LLC now owns 535 shares of the e-commerce giant’s stock worth $1,071,000 after acquiring an additional 152 shares in the last quarter. Panagora Asset Management Inc. grew its stake in shares of Amazon.com by 2.3% during the 3rd quarter. Panagora Asset Management Inc. now owns 447,545 shares of the e-commerce giant’s stock worth $896,433,000 after acquiring an additional 10,119 shares in the last quarter. Spirit of America Management Corp NY bought a new position in shares of Amazon.com in the third quarter valued at $110,000. Finally, Cookson Peirce & Co. Inc. bought a new position in shares of Amazon.com in the third quarter valued at $252,000. 56.11% of the stock is owned by institutional investors and hedge funds.

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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 third-party sellers through physical stores and online stores.

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