Traders Buy Amazon.com (AMZN) on Weakness

Investors purchased shares of Amazon.com, Inc. (NASDAQ:AMZN) on weakness during trading on Monday. $3,362.28 million flowed into the stock on the tick-up and $3,109.22 million flowed out of the stock on the tick-down, for a money net flow of $253.06 million into the stock. Of all companies tracked, Amazon.com had the 2nd highest net in-flow for the day. Amazon.com traded down ($25.23) for the day and closed at $1,864.42

A number of equities research analysts recently weighed in on the stock. DA Davidson boosted their price target on shares of Amazon.com from $2,200.00 to $2,450.00 and gave the stock a “buy” rating in a research note on Wednesday, September 5th. Wells Fargo & Co reissued a “buy” rating and set a $2,300.00 price target on shares of Amazon.com in a research note on Monday, October 1st. BidaskClub raised shares of Amazon.com from a “hold” rating to a “buy” rating in a research note on Friday, September 28th. Robert W. Baird reissued a “buy” rating on shares of Amazon.com in a research note on Monday, September 3rd. Finally, Macquarie reissued a “buy” rating and set a $2,200.00 price target on shares of Amazon.com in a research note on Tuesday, October 2nd. Four investment analysts have rated the stock with a hold rating and forty-nine have assigned a buy rating to the company. The company currently has an average rating of “Buy” and an average target price of $2,005.64.

The company has a debt-to-equity ratio of 0.70, a quick ratio of 0.78 and a current ratio of 1.07. The stock has a market capitalization of $976.95 billion, a PE ratio of 415.31, a price-to-earnings-growth ratio of 4.17 and a beta of 1.58.

Amazon.com (NASDAQ:AMZN) last issued its quarterly earnings data on Thursday, July 26th. The e-commerce giant reported $5.07 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $2.49 by $2.58. Amazon.com had a net margin of 3.02% and a return on equity of 18.47%. The company had revenue of $52.89 billion during the quarter, compared to the consensus estimate of $53.37 billion. During the same quarter in the prior year, the firm earned $0.40 earnings per share. The firm’s revenue was up 39.3% compared to the same quarter last year. On average, equities analysts anticipate that Amazon.com, Inc. will post 17.78 earnings per share for the current fiscal year.

In other news, CEO Andrew R. Jassy sold 1,726 shares of the stock in a transaction on Wednesday, August 15th. The shares were sold at an average price of $1,900.00, for a total transaction of $3,279,400.00. Following the completion of the sale, the chief executive officer now owns 88,801 shares of the company’s stock, valued at $168,721,900. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Judith A. Mcgrath sold 500 shares of the stock in a transaction on Thursday, August 16th. The stock was sold at an average price of $1,905.00, for a total transaction of $952,500.00. The disclosure for this sale can be found here. Insiders have sold 25,308 shares of company stock valued at $47,905,498 in the last three months. 16.30% of the stock is owned by insiders.

Several hedge funds have recently modified their holdings of the company. LVM Capital Management Ltd. MI lifted its stake in Amazon.com by 23.2% in the third quarter. LVM Capital Management Ltd. MI now owns 207 shares of the e-commerce giant’s stock valued at $415,000 after acquiring an additional 39 shares during the last quarter. Visionary Asset Management Inc. acquired a new stake in Amazon.com in the third quarter valued at $721,000. Boenning & Scattergood Inc. lifted its stake in Amazon.com by 16.5% in the third quarter. Boenning & Scattergood Inc. now owns 474 shares of the e-commerce giant’s stock valued at $949,000 after acquiring an additional 67 shares during the last quarter. CHURCHILL MANAGEMENT Corp lifted its stake in Amazon.com by 0.9% in the third quarter. CHURCHILL MANAGEMENT Corp now owns 10,164 shares of the e-commerce giant’s stock valued at $20,358,000 after acquiring an additional 91 shares during the last quarter. Finally, Jaffetilchin Investment Partners LLC lifted its stake in Amazon.com by 16.4% in the third quarter. Jaffetilchin Investment Partners LLC now owns 633 shares of the e-commerce giant’s stock valued at $1,268,000 after acquiring an additional 89 shares during the last quarter. 57.36% of the stock is owned by institutional investors.

Amazon.com Company Profile (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: Leveraged Buyout (LBO) Explained

Receive News & Ratings for Amazon.com Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Amazon.com and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply