Investors sold shares of Amazon.com, Inc. (NASDAQ:AMZN) on strength during trading hours on Monday after an insider sold shares in the company. $1,936.03 million flowed into the stock on the tick-up and $2,207.25 million flowed out of the stock on the tick-down, for a money net flow of $271.22 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 $19.50 for the day and closed at $1,598.39Specifically, VP Shelley Reynolds sold 544 shares of the stock in a transaction on Thursday, February 15th. The stock was sold at an average price of $1,462.32, for a total transaction of $795,502.08. Following the completion of the transaction, the vice president now directly owns 6,533 shares in the company, valued at $9,553,336.56. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Jeffrey A. Wilke sold 2,000 shares of the stock in a transaction on Friday, February 16th. The stock was sold at an average price of $1,454.37, for a total value of $2,908,740.00. The disclosure for this sale can be found here. Insiders have sold 5,714 shares of company stock valued at $8,462,195 over the last quarter. Corporate insiders own 17.00% of the company’s stock.
Several research analysts have issued reports on AMZN shares. JPMorgan Chase & Co. reiterated a “buy” rating and set a $1,385.00 price objective (up from $1,375.00) on shares of Amazon.com in a research note on Wednesday, January 10th. Wolfe Research upgraded Amazon.com from a “peer perform” rating to an “outperform” rating in a report on Friday, February 23rd. DA Davidson increased their target price on Amazon.com from $1,300.00 to $1,500.00 and gave the stock a “buy” rating in a report on Wednesday, November 29th. BMO Capital Markets increased their target price on Amazon.com to $1,600.00 and gave the stock an “outperform” rating in a report on Tuesday, January 16th. Finally, Barclays restated an “overweight” rating and set a $1,580.00 target price on shares of Amazon.com in a report on Friday, February 2nd. Five investment analysts have rated the stock with a hold rating, forty-seven have issued a buy rating and two have given a strong buy rating to the stock. The company has an average rating of “Buy” and an average price target of $1,472.95.
The company has a debt-to-equity ratio of 0.89, a current ratio of 1.04 and a quick ratio of 0.76. The company has a market cap of $773,790.00, a P/E ratio of 348.99, a P/E/G ratio of 6.95 and a beta of 1.54.
A number of institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Venturi Wealth Management LLC raised its holdings in Amazon.com by 0.3% in the 2nd quarter. Venturi Wealth Management LLC now owns 632 shares of the e-commerce giant’s stock valued at $612,000 after acquiring an additional 2 shares in the last quarter. Regis Management CO LLC raised its holdings in Amazon.com by 0.9% in the 2nd quarter. Regis Management CO LLC now owns 231 shares of the e-commerce giant’s stock valued at $224,000 after acquiring an additional 2 shares in the last quarter. Hall Capital Management Co. Inc. raised its holdings in Amazon.com by 0.8% in the 2nd quarter. Hall Capital Management Co. Inc. now owns 403 shares of the e-commerce giant’s stock valued at $390,000 after acquiring an additional 3 shares in the last quarter. Noesis Capital Mangement Corp raised its holdings in Amazon.com by 0.8% in the 2nd quarter. Noesis Capital Mangement Corp now owns 505 shares of the e-commerce giant’s stock valued at $489,000 after acquiring an additional 4 shares in the last quarter. Finally, American Asset Management Inc. raised its holdings in Amazon.com by 0.8% in the 2nd quarter. American Asset Management Inc. now owns 596 shares of the e-commerce giant’s stock valued at $577,000 after acquiring an additional 5 shares in the last quarter. Institutional investors and hedge funds own 60.22% of the company’s stock.
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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 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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