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.
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.
ILLEGAL ACTIVITY WARNING: “Traders Sell Amazon.com (AMZN) on Strength Following Insider Selling” was originally published by WKRB News and is the sole property of of WKRB News. If you are reading this article on another site, it was illegally copied and republished in violation of United States & international trademark and copyright legislation. The legal version of this article can be read at https://www.wkrb13.com/2018/11/09/traders-sell-amazon-com-amzn-on-strength-following-insider-selling.html.
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.
Featured Article: What is a balanced fund?
Receive News & Ratings for Amazon.com Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Amazon.com and related companies with MarketBeat.com's FREE daily email newsletter.