Traders Buy Amazon.com (AMZN) on Weakness

Traders purchased shares of Amazon.com, Inc. (NASDAQ:AMZN) on weakness during trading hours on Friday. $2,487.20 million flowed into the stock on the tick-up and $2,036.07 million flowed out of the stock on the tick-down, for a money net flow of $451.13 million into the stock. Of all companies tracked, Amazon.com had the highest net in-flow for the day. Amazon.com traded down ($42.48) for the day and closed at $1,712.43

Several equities research analysts have commented on AMZN shares. BidaskClub lowered shares of Amazon.com from a “hold” rating to a “sell” rating in a research note on Wednesday, October 31st. Morgan Stanley restated a “buy” rating on shares of Amazon.com in a research note on Tuesday, July 17th. Morningstar restated a “buy” rating on shares of Amazon.com in a research note on Thursday, October 11th. Barclays restated a “buy” rating and issued a $1,870.00 price target on shares of Amazon.com in a research note on Friday, July 27th. Finally, Jefferies Financial Group restated a “buy” rating on shares of Amazon.com in a research note on Monday, October 1st. One analyst has rated the stock with a sell rating, three have issued a hold rating and forty-seven have assigned a buy rating to the company. The stock currently has a consensus rating of “Buy” and an average price target of $2,091.53.

The company has a current ratio of 1.08, a quick ratio of 0.80 and a debt-to-equity ratio of 0.63. The company has a market cap of $803.28 billion, a P/E ratio of 376.36, a P/E/G ratio of 3.14 and a beta of 1.70.

Amazon.com (NASDAQ:AMZN) last posted its quarterly earnings data on Thursday, October 25th. The e-commerce giant reported $5.75 EPS for the quarter, beating the Zacks’ consensus estimate of $3.29 by $2.46. The business 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%. Research analysts expect that Amazon.com, Inc. will post 19.37 earnings per share for the current fiscal year.

In other Amazon.com news, Director Patricia Q. Stonesifer sold 1,375 shares of Amazon.com stock in a transaction that occurred on Friday, November 2nd. The shares were 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 $15,324,141.73. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, insider Jeffrey M. Blackburn sold 2,054 shares of Amazon.com stock in a transaction that occurred on Wednesday, August 15th. The stock was sold at an average price of $1,899.75, for a total transaction of $3,902,086.50. Following the completion of the transaction, the insider now owns 46,595 shares in the company, valued at approximately $88,518,851.25. The disclosure for this sale can be found here. In the last 90 days, insiders sold 36,327 shares of company stock worth $64,744,896. 16.30% of the stock is currently owned by company insiders.

A number of institutional investors have recently bought and sold shares of the business. Guidant Wealth Advisors boosted its stake in Amazon.com by 657.4% in the 2nd quarter. Guidant Wealth Advisors now owns 409 shares of the e-commerce giant’s stock worth $100,000 after purchasing an additional 355 shares during the period. Spirit of America Management Corp NY acquired a new position in Amazon.com in the 3rd quarter worth approximately $110,000. Lee Financial Co boosted its stake in Amazon.com by 154.3% in the 1st quarter. Lee Financial Co now owns 89 shares of the e-commerce giant’s stock worth $129,000 after purchasing an additional 54 shares during the period. Point72 Asia Hong Kong Ltd acquired a new position in Amazon.com in the 1st quarter worth approximately $145,000. Finally, Taylor Hoffman Wealth Management boosted its stake in Amazon.com by 192.3% in the 3rd quarter. Taylor Hoffman Wealth Management now owns 76 shares of the e-commerce giant’s stock worth $152,000 after purchasing an additional 50 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.

See Also: Intrinsic Value

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