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

Investors sold shares of Amazon.com (NASDAQ:AMZN) on strength during trading hours on Thursday. $1,878.51 million flowed into the stock on the tick-up and $2,001.31 million flowed out of the stock on the tick-down, for a money net flow of $122.80 million out of the stock. Of all equities tracked, Amazon.com had the 6th highest net out-flow for the day. Amazon.com traded up $40.94 for the day and closed at $1,701.45

Several research analysts have issued reports on the stock. Stifel Nicolaus reaffirmed a “buy” rating on shares of Amazon.com in a report on Thursday, June 21st. JMP Securities reaffirmed a “buy” rating on shares of Amazon.com in a report on Thursday, June 21st. Macquarie reaffirmed a “buy” rating on shares of Amazon.com in a report on Friday, June 22nd. BidaskClub raised shares of Amazon.com from a “buy” rating to a “strong-buy” rating in a report on Saturday, June 16th. Finally, DA Davidson reaffirmed a “buy” rating and issued a $2,100.00 target price on shares of Amazon.com in a report on Thursday, June 14th. Three research analysts have rated the stock with a hold rating and fifty-two have assigned a buy rating to the company. The stock has a consensus rating of “Buy” and an average target price of $1,717.87.

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The company has a current ratio of 1.06, a quick ratio of 0.77 and a debt-to-equity ratio of 0.78. The firm has a market capitalization of $820.56 billion, a P/E ratio of 373.95, a price-to-earnings-growth ratio of 4.40 and a beta of 1.59.

Amazon.com (NASDAQ:AMZN) last released its earnings results on Thursday, April 26th. The e-commerce giant reported $3.27 EPS for the quarter, topping the consensus estimate of $1.80 by $1.47. Amazon.com had a net margin of 2.04% and a return on equity of 11.77%. The firm had revenue of $51.04 billion for the quarter, compared to the consensus estimate of $49.94 billion. During the same quarter in the previous year, the firm earned $1.48 earnings per share. The company’s quarterly revenue was up 42.9% compared to the same quarter last year. analysts anticipate that Amazon.com will post 12.73 earnings per share for the current fiscal year.

In other news, CFO Brian T. Olsavsky sold 2,028 shares of the business’s stock in a transaction on Tuesday, May 15th. The shares were sold at an average price of $1,587.50, for a total value of $3,219,450.00. Following the transaction, the chief financial officer now owns 1,781 shares of the company’s stock, valued at $2,827,337.50. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, Director Patricia Q. Stonesifer sold 1,375 shares of the business’s stock in a transaction on Wednesday, May 2nd. The stock was sold at an average price of $1,580.98, for a total transaction of $2,173,847.50. Following the completion of the transaction, the director now directly owns 11,002 shares in the company, valued at approximately $17,393,941.96. The disclosure for this sale can be found here. Insiders sold 10,493 shares of company stock worth $16,569,014 in the last three months. Insiders own 16.30% of the company’s stock.

A number of institutional investors have recently added to or reduced their stakes in the stock. Mount Yale Investment Advisors LLC purchased a new stake in Amazon.com during the first quarter valued at $705,000. Brasada Capital Management LP raised its stake in Amazon.com by 8.2% during the first quarter. Brasada Capital Management LP now owns 512 shares of the e-commerce giant’s stock valued at $741,000 after purchasing an additional 39 shares in the last quarter. Dynamic Technology Lab Private Ltd purchased a new stake in Amazon.com during the first quarter valued at $290,000. Rikoon Group LLC raised its stake in Amazon.com by 10.9% during the first quarter. Rikoon Group LLC now owns 2,097 shares of the e-commerce giant’s stock valued at $2,877,000 after purchasing an additional 206 shares in the last quarter. Finally, Private Vista LLC raised its stake in Amazon.com by 47.0% during the first quarter. Private Vista LLC now owns 794 shares of the e-commerce giant’s stock valued at $1,149,000 after purchasing an additional 254 shares in the last quarter. 56.66% of the stock is currently owned by institutional investors.

About Amazon.com

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.