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.
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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