Traders Buy Shares of Amazon.com, Inc. (AMZN) on Weakness

Investors bought shares of Amazon.com, Inc. (NASDAQ:AMZN) on weakness during trading on Tuesday. $794.37 million flowed into the stock on the tick-up and $770.86 million flowed out of the stock on the tick-down, for a money net flow of $23.51 million into the stock. Of all equities tracked, Amazon.com had the 21st highest net in-flow for the day. Amazon.com traded down ($3.79) for the day and closed at $987.20

A number of brokerages have recently issued reports on AMZN. UBS AG reiterated a “buy” rating and set a $1,100.00 target price on shares of Amazon.com in a research report on Wednesday, June 21st. Goldman Sachs Group, Inc. (The) reiterated a “conviction-buy” rating and set a $1,275.00 target price on shares of Amazon.com in a research report on Wednesday, August 9th. Cowen and Company reiterated an “outperform” rating and set a $1,125.00 target price on shares of Amazon.com in a research report on Thursday, August 10th. Piper Jaffray Companies reiterated an “overweight” rating and set a $1,200.00 target price on shares of Amazon.com in a research report on Thursday, August 10th. Finally, SunTrust Banks, Inc. reiterated a “buy” rating and set a $1,190.00 target price on shares of Amazon.com in a research report on Monday, October 2nd. One analyst has rated the stock with a sell rating, three have given a hold rating, forty-seven have issued a buy rating and two have issued a strong buy rating to the company. The company presently has an average rating of “Buy” and an average target price of $1,110.86.

The company’s 50-day moving average price is $968.03 and its 200 day moving average price is $965.03. The firm has a market capitalization of $474.23 billion, a PE ratio of 251.07 and a beta of 1.47.

Amazon.com (NASDAQ:AMZN) last released its earnings results on Thursday, July 27th. The e-commerce giant reported $0.40 earnings per share for the quarter, missing analysts’ consensus estimates of $1.40 by ($1.00). Amazon.com had a return on equity of 9.38% and a net margin of 1.28%. The firm had revenue of $37.96 billion for the quarter, compared to analyst estimates of $37.18 billion. During the same period last year, the business earned $1.78 earnings per share. The firm’s quarterly revenue was up 24.8% compared to the same quarter last year. On average, analysts forecast that Amazon.com, Inc. will post $3.66 EPS for the current fiscal year.

In related news, CEO Jeffrey A. Wilke sold 2,800 shares of Amazon.com stock in a transaction dated Tuesday, August 22nd. The stock was sold at an average price of $955.20, for a total transaction of $2,674,560.00. Following the sale, the chief executive officer now directly owns 10,000 shares of the company’s stock, valued at $9,552,000. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, VP Shelley Reynolds sold 544 shares of Amazon.com stock in a transaction dated Tuesday, August 15th. The stock was sold at an average price of $986.52, for a total value of $536,666.88. Following the sale, the vice president now directly owns 6,533 shares in the company, valued at $6,444,935.16. The disclosure for this sale can be found here. Over the last three months, insiders have sold 9,083 shares of company stock worth $8,874,850. 17.70% of the stock is owned by company insiders.

Hedge funds have recently added to or reduced their stakes in the stock. Vestor Capital LLC grew its position in Amazon.com by 10.1% during the second quarter. Vestor Capital LLC now owns 109 shares of the e-commerce giant’s stock worth $106,000 after buying an additional 10 shares in the last quarter. WealthTrust Arizona LLC grew its position in Amazon.com by 2.7% during the second quarter. WealthTrust Arizona LLC now owns 114 shares of the e-commerce giant’s stock worth $110,000 after buying an additional 3 shares in the last quarter. LeJeune Puetz Investment Counsel LLC acquired a new stake in Amazon.com during the second quarter worth about $116,000. Mountain Capital Investment Advisors Inc acquired a new stake in Amazon.com during the second quarter worth about $121,000. Finally, Farmers & Merchants Investments Inc. grew its position in Amazon.com by 560.0% during the second quarter. Farmers & Merchants Investments Inc. now owns 132 shares of the e-commerce giant’s stock worth $128,000 after buying an additional 112 shares in the last quarter. 60.77% of the stock is currently owned by institutional investors and hedge funds.

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About Amazon.com

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 Company’s products include merchandise and content that it purchases for resale from vendors and those offered by third-party sellers.

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