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

Traders sold shares of Amazon.com, Inc. (NASDAQ:AMZN) on strength during trading hours on Wednesday after an insider sold shares in the company. $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 0th highest net out-flow for the day. Amazon.com traded up $112.68 for the day and closed at $1,755.49Specifically, CEO Jeffrey P. Bezos sold 16,964 shares of the business’s stock in a transaction dated Monday, October 29th. The stock was sold at an average price of $1,632.23, for a total transaction of $27,689,149.72. Following the transaction, the chief executive officer now owns 78,884,539 shares in the company, valued at $128,757,711,091.97. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, Director Patricia Q. Stonesifer sold 1,375 shares of the business’s stock in a transaction dated Friday, November 2nd. The stock was sold at an average price of $1,678.99, for a total value of $2,308,611.25. Following the transaction, the director now owns 9,127 shares in the company, valued at approximately $15,324,141.73. The disclosure for this sale can be found here. In the last three months, insiders have sold 36,327 shares of company stock valued at $64,744,896. 16.30% of the stock is owned by company insiders.

A number of brokerages have commented on AMZN. DA Davidson boosted their price objective on Amazon.com from $2,200.00 to $2,450.00 and gave the stock a “buy” rating in a research note on Wednesday, September 5th. Wells Fargo & Co restated a “buy” rating and set a $2,300.00 price objective on shares of Amazon.com in a research note on Monday, October 1st. BidaskClub upgraded Amazon.com from a “hold” rating to a “buy” rating in a research note on Friday, September 28th. Robert W. Baird restated a “buy” rating on shares of Amazon.com in a research note on Monday, September 3rd. Finally, Macquarie restated a “buy” rating and set a $2,200.00 price objective on shares of Amazon.com in a research note on Tuesday, October 2nd. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and forty-seven have given a buy rating to the company. The company currently has a consensus rating of “Buy” and an average price target of $2,091.53.

The company has a market cap of $803.28 billion, a PE ratio of 385.69, a P/E/G ratio of 3.14 and a beta of 1.70. The company has a quick ratio of 0.80, a current ratio of 1.08 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 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $3.29 by $2.46. Amazon.com had a return on equity of 24.35% and a net margin of 4.03%. The firm had revenue of $56.58 billion for the quarter, compared to analysts’ expectations of $57.05 billion. As a group, research analysts forecast that Amazon.com, Inc. will post 19.37 earnings per share for the current fiscal year.

A number of hedge funds and other institutional investors have recently made changes to their positions in AMZN. JJJ Advisors Inc. bought a new position in shares of Amazon.com during the second quarter valued at approximately $175,000. Connor Clark & Lunn Investment Management Ltd. grew its holdings in shares of Amazon.com by 31.1% during the second quarter. Connor Clark & Lunn Investment Management Ltd. now owns 82,285 shares of the e-commerce giant’s stock valued at $139,868,000 after purchasing an additional 19,500 shares during the last quarter. Vista Equity Partners Management LLC grew its holdings in shares of Amazon.com by 44.3% during the first quarter. Vista Equity Partners Management LLC now owns 12,827 shares of the e-commerce giant’s stock valued at $18,565,000 after purchasing an additional 3,936 shares during the last quarter. Steward Partners Investment Advisory LLC grew its holdings in shares of Amazon.com by 5.5% during the second quarter. Steward Partners Investment Advisory LLC now owns 25,537 shares of the e-commerce giant’s stock valued at $43,408,000 after purchasing an additional 1,342 shares during the last quarter. Finally, Bennicas & Associates Inc. bought a new position in shares of Amazon.com during the second quarter valued at approximately $221,000. 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.

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