Traders Sell Amazon.com, Inc. (AMZN) on Strength on Analyst Downgrade

Traders sold shares of Amazon.com, Inc. (NASDAQ:AMZN) on strength during trading on Monday after Pacific Crest lowered their price target on the stock from $905.00 to $895.00. $487.80 million flowed into the stock on the tick-up and $584.04 million flowed out of the stock on the tick-down, for a money net flow of $96.24 million out of the stock. Of all equities tracked, Amazon.com had the 3rd highest net out-flow for the day. Amazon.com traded up $4.66 for the day and closed at $856.97

AMZN has been the topic of a number of other reports. Morgan Stanley reissued an “overweight” rating and set a $950.00 price target on shares of Amazon.com in a report on Wednesday, January 18th. Jefferies Group LLC set a $950.00 price target on Amazon.com and gave the company a “buy” rating in a report on Thursday, December 1st. William Blair reissued an “outperform” rating on shares of Amazon.com in a report on Tuesday, December 13th. Deutsche Bank AG reissued a “buy” rating on shares of Amazon.com in a report on Friday, February 3rd. Finally, JMP Securities set a $950.00 price target on Amazon.com and gave the company a “buy” rating in a report on Tuesday, January 31st. Five research analysts have rated the stock with a hold rating and forty-six have given a buy rating to the company. Amazon.com has an average rating of “Buy” and a consensus target price of $939.14.

In other Amazon.com news, Director Tom A. Alberg sold 590 shares of the business’s stock in a transaction on Tuesday, February 21st. The stock was sold at an average price of $850.00, for a total value of $501,500.00. Following the transaction, the director now owns 22,525 shares of the company’s stock, valued at $19,146,250. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, insider David Zapolsky sold 503 shares of the business’s stock in a transaction on Tuesday, February 21st. The stock was sold at an average price of $850.00, for a total value of $427,550.00. Following the completion of the transaction, the insider now directly owns 2,523 shares in the company, valued at approximately $2,144,550. The disclosure for this sale can be found here. 17.70% of the stock is currently owned by insiders.

A number of institutional investors have recently bought and sold shares of AMZN. Exxonmobil Investment Management Inc. TX increased its stake in Amazon.com by 0.3% in the third quarter. Exxonmobil Investment Management Inc. TX now owns 100,470 shares of the e-commerce giant’s stock worth $84,125,000 after buying an additional 321 shares during the last quarter. Oliver Luxxe Assets LLC increased its stake in Amazon.com by 15.3% in the third quarter. Oliver Luxxe Assets LLC now owns 2,205 shares of the e-commerce giant’s stock worth $1,846,000 after buying an additional 292 shares during the last quarter. Pure Financial Advisors Inc. increased its stake in Amazon.com by 9.4% in the third quarter. Pure Financial Advisors Inc. now owns 569 shares of the e-commerce giant’s stock worth $476,000 after buying an additional 49 shares during the last quarter. Copper Rock Capital Partners LLC increased its stake in Amazon.com by 14.4% in the third quarter. Copper Rock Capital Partners LLC now owns 682 shares of the e-commerce giant’s stock worth $565,000 after buying an additional 86 shares during the last quarter. Finally, F&V Capital Management LLC purchased a new stake in Amazon.com during the third quarter worth $295,000. 65.08% of the stock is currently owned by institutional investors.

The stock has a market capitalization of $408.92 billion, a P/E ratio of 174.89 and a beta of 1.40. The firm has a 50 day moving average price of $841.00 and a 200-day moving average price of $801.26.

Amazon.com (NASDAQ:AMZN) last announced its earnings results on Thursday, February 2nd. The e-commerce giant reported $1.54 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.35 by $0.19. The company had revenue of $43.74 billion for the quarter, compared to analyst estimates of $44.66 billion. Amazon.com had a return on equity of 13.87% and a net margin of 1.74%. The firm’s quarterly revenue was up 22.4% compared to the same quarter last year. During the same quarter last year, the company earned $1.00 earnings per share. Analysts forecast that Amazon.com, Inc. will post $7.18 EPS for the current year.

var userip;Your IP Address: document.write(userip);

Amazon.com Company Profile

Amazon.com, Inc offers a range of products and services through its Websites. The Company’s products include merchandise and content that it purchases for resale from vendors and those offered by third-party sellers. The Company has three segments: North America, International and Amazon Web Services (AWS).

5 Day Chart for NASDAQ:AMZN

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



Leave a Reply

 
© 2006-2017 Mideast Time.