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

Traders sold shares of Amazon.com, Inc. (NASDAQ:AMZN) on strength during trading on Monday after Vetr downgraded the stock from a hold rating to a sell rating. $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 0th highest net out-flow for the day. Amazon.com traded up $4.66 for the day and closed at $856.97

Several other research analysts have also recently issued reports on AMZN. William Blair reissued an “outperform” rating on shares of Amazon.com in a research note on Sunday, December 4th. Morgan Stanley restated an “overweight” rating and set a $950.00 target price on shares of Amazon.com in a report on Sunday, December 4th. Bank of America Corp restated a “buy” rating and set a $960.00 target price on shares of Amazon.com in a report on Sunday, December 4th. Cowen and Company restated an “outperform” rating on shares of Amazon.com in a report on Tuesday, December 6th. Finally, Piper Jaffray Companies restated an “overweight” rating and set a $900.00 target price on shares of Amazon.com in a report on Wednesday, December 7th. Five analysts have rated the stock with a hold rating and forty-seven have given a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and an average target price of $953.87.

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

Several hedge funds and other institutional investors have recently modified their holdings of AMZN. State Street Corp raised its position in shares of Amazon.com by 3.5% in the fourth quarter. State Street Corp now owns 16,357,782 shares of the e-commerce giant’s stock valued at $12,266,213,000 after buying an additional 548,945 shares during the last quarter. BlackRock Institutional Trust Company N.A. raised its position in shares of Amazon.com by 2.4% in the third quarter. BlackRock Institutional Trust Company N.A. now owns 10,317,381 shares of the e-commerce giant’s stock valued at $8,638,846,000 after buying an additional 237,004 shares during the last quarter. BlackRock Fund Advisors raised its position in shares of Amazon.com by 4.2% in the third quarter. BlackRock Fund Advisors now owns 4,893,066 shares of the e-commerce giant’s stock valued at $4,097,013,000 after buying an additional 198,927 shares during the last quarter. Northern Trust Corp raised its position in shares of Amazon.com by 1.3% in the third quarter. Northern Trust Corp now owns 4,637,241 shares of the e-commerce giant’s stock valued at $3,882,808,000 after buying an additional 59,052 shares during the last quarter. Finally, Bank of New York Mellon Corp raised its position in shares of Amazon.com by 0.5% in the third quarter. Bank of New York Mellon Corp now owns 4,314,655 shares of the e-commerce giant’s stock valued at $3,612,703,000 after buying an additional 21,840 shares during the last quarter. Institutional investors and hedge funds own 65.08% of the company’s stock.

The company has a market cap of $427.01 billion, a P/E ratio of 182.63 and a beta of 1.40. The firm has a 50-day moving average of $843.27 and a 200 day moving average of $803.85.

Amazon.com (NASDAQ:AMZN) last announced its quarterly earnings data on Thursday, February 2nd. The e-commerce giant reported $1.54 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.35 by $0.19. The company had revenue of $43.74 billion for the quarter, compared to analysts’ expectations of $44.66 billion. Amazon.com had a net margin of 1.74% and a return on equity of 13.87%. The business’s revenue was up 22.4% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.00 EPS. Equities research analysts anticipate that Amazon.com, Inc. will post $7.23 EPS 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.

5 Day Chart for NASDAQ:AMZN

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