Investors Sell Shares of Amazon.com, Inc. (AMZN) on Strength on Analyst Downgrade

Traders sold shares of Amazon.com, Inc. (NASDAQ:AMZN) on strength during trading on Friday after Instinet lowered their price target on the stock from $1,100.00 to $975.00. $3,008.59 million flowed into the stock on the tick-up and $3,387.02 million flowed out of the stock on the tick-down, for a money net flow of $378.43 million out of the stock. Of all companies tracked, Amazon.com had the 0th highest net out-flow for the day. Amazon.com traded up $23.54 for the day and closed at $987.71

Other equities analysts also recently issued research reports about the stock. William Blair reissued a “buy” rating on shares of Amazon.com in a research note on Saturday, March 11th. Canaccord Genuity reissued a “buy” rating and issued a $900.00 price objective on shares of Amazon.com in a research note on Wednesday, March 1st. Vetr raised shares of Amazon.com from a “hold” rating to a “buy” rating and set a $884.00 price objective for the company in a research note on Tuesday, February 28th. Citigroup Inc. reissued a “buy” rating on shares of Amazon.com in a research note on Wednesday, February 22nd. Finally, Aegis reissued a “buy” rating on shares of Amazon.com in a research note on Wednesday, March 15th. Five investment analysts have rated the stock with a hold rating and forty-six have issued a buy rating to the company. The stock has an average rating of “Buy” and a consensus price target of $1,016.79.

In other news, insider David Zapolsky sold 505 shares of the firm’s stock in a transaction on Tuesday, May 2nd. The shares were sold at an average price of $946.59, for a total value of $478,027.95. Following the sale, the insider now directly owns 2,018 shares in the company, valued at approximately $1,910,218.62. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Jeffrey P. Bezos sold 1,000,000 shares of the firm’s stock in a transaction on Thursday, May 4th. The shares were sold at an average price of $940.74, for a total transaction of $940,740,000.00. Following the completion of the sale, the chief executive officer now owns 80,857,196 shares in the company, valued at $76,065,598,565.04. The disclosure for this sale can be found here. Insiders sold a total of 1,013,380 shares of company stock worth $953,846,866 over the last 90 days. Company insiders own 17.70% of the company’s stock.

A number of large investors have recently made changes to their positions in AMZN. Stillwater Capital Advisors LLC raised its stake in shares of Amazon.com by 0.4% in the first quarter. Stillwater Capital Advisors LLC now owns 526 shares of the e-commerce giant’s stock valued at $466,000 after buying an additional 2 shares in the last quarter. Beese Fulmer Investment Management Inc. raised its stake in shares of Amazon.com by 0.7% in the first quarter. Beese Fulmer Investment Management Inc. now owns 289 shares of the e-commerce giant’s stock valued at $256,000 after buying an additional 2 shares in the last quarter. Round Table Services LLC raised its stake in shares of Amazon.com by 0.3% in the first quarter. Round Table Services LLC now owns 701 shares of the e-commerce giant’s stock valued at $621,000 after buying an additional 2 shares in the last quarter. Probity Advisors Inc. raised its stake in shares of Amazon.com by 0.6% in the first quarter. Probity Advisors Inc. now owns 318 shares of the e-commerce giant’s stock valued at $282,000 after buying an additional 2 shares in the last quarter. Finally, Naples Global Advisors LLC raised its stake in shares of Amazon.com by 0.3% in the first quarter. Naples Global Advisors LLC now owns 1,078 shares of the e-commerce giant’s stock valued at $956,000 after buying an additional 3 shares in the last quarter. Hedge funds and other institutional investors own 63.43% of the company’s stock.

The company has a market cap of $472.10 billion, a PE ratio of 186.01 and a beta of 1.47. The company has a 50 day moving average of $970.64 and a 200 day moving average of $865.45.

Amazon.com (NASDAQ:AMZN) last released its quarterly earnings results on Thursday, April 27th. The e-commerce giant reported $1.48 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.03 by $0.45. Amazon.com had a return on equity of 13.72% and a net margin of 1.81%. The business had revenue of $35.71 billion for the quarter, compared to analysts’ expectations of $35.31 billion. During the same quarter in the previous year, the firm posted $1.07 earnings per share. The company’s revenue was up 22.6% compared to the same quarter last year. Equities research analysts predict that Amazon.com, Inc. will post $6.67 earnings per share for the current fiscal year.

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Amazon.com Company Profile

Amazon.com, Inc offers a range of products and services through its Websites. The Company operates through three segments: North America, International and Amazon Web Services (AWS). The North America segment consists of retail sales of consumer products (including from sellers) and subscriptions through North America-focused Websites, such as www.amazon.com, www.amazon.ca and www.amazon.com.mx.

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