Investors bought shares of Amazon.com, Inc. (NASDAQ:AMZN) on weakness during trading hours on Monday. $3,658.65 million flowed into the stock on the tick-up and $3,458.51 million flowed out of the stock on the tick-down, for a money net flow of $200.14 million into the stock. Of all stocks tracked, Amazon.com had the 6th highest net in-flow for the day. Amazon.com traded down ($75.35) for the day and closed at $1,371.99
AMZN has been the topic of several research reports. Vetr cut shares of Amazon.com from a “hold” rating to a “sell” rating and set a $1,346.44 price target on the stock. in a research report on Monday, January 29th. BidaskClub cut shares of Amazon.com from a “strong-buy” rating to a “buy” rating in a research report on Friday. Goldman Sachs reissued a “conviction-buy” rating on shares of Amazon.com in a research report on Friday, February 2nd. UBS increased their price target on shares of Amazon.com to $1,760.00 and gave the stock a “buy” rating in a research report on Friday, March 9th. They noted that the move was a valuation call. Finally, Citigroup reissued a “buy” rating and set a $1,400.00 price target (up previously from $1,250.00) on shares of Amazon.com in a research report on Friday, January 5th. Four analysts have rated the stock with a hold rating, forty-nine have assigned a buy rating and one has issued a strong buy rating to the stock. The stock presently has a consensus rating of “Buy” and a consensus price target of $1,481.38.
The company has a current ratio of 1.04, a quick ratio of 0.76 and a debt-to-equity ratio of 0.89. The stock has a market capitalization of $700,667.69, a PE ratio of 301.54, a P/E/G ratio of 6.36 and a beta of 1.59.
Amazon.com (NASDAQ:AMZN) last issued its quarterly earnings results on Thursday, February 1st. The e-commerce giant reported $2.16 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.85 by $0.31. Amazon.com had a return on equity of 9.23% and a net margin of 1.71%. The firm had revenue of $60.45 billion during the quarter, compared to the consensus estimate of $59.85 billion. During the same period last year, the company earned $1.54 earnings per share. The company’s revenue for the quarter was up 38.2% on a year-over-year basis. analysts forecast that Amazon.com, Inc. will post 8.49 EPS for the current fiscal year.
In related news, CEO Jeffrey A. Wilke sold 250 shares of the stock in a transaction on Wednesday, February 28th. The stock was sold at an average price of $1,518.47, for a total transaction of $379,617.50. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 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. Over the last ninety days, insiders have sold 6,214 shares of company stock valued at $9,251,120. Corporate insiders own 17.00% of the company’s stock.
Several hedge funds and other institutional investors have recently modified their holdings of AMZN. Vanguard Group Inc. lifted its holdings in Amazon.com by 2.9% in the second quarter. Vanguard Group Inc. now owns 26,863,386 shares of the e-commerce giant’s stock valued at $26,003,758,000 after acquiring an additional 764,115 shares during the period. BlackRock Inc. lifted its holdings in Amazon.com by 0.4% in the fourth quarter. BlackRock Inc. now owns 24,535,840 shares of the e-commerce giant’s stock valued at $28,693,927,000 after acquiring an additional 88,437 shares during the period. Capital Research Global Investors lifted its holdings in Amazon.com by 0.4% in the second quarter. Capital Research Global Investors now owns 10,711,772 shares of the e-commerce giant’s stock valued at $10,368,995,000 after acquiring an additional 40,068 shares during the period. Geode Capital Management LLC lifted its holdings in Amazon.com by 2.4% in the fourth quarter. Geode Capital Management LLC now owns 4,224,515 shares of the e-commerce giant’s stock valued at $4,930,014,000 after acquiring an additional 98,906 shares during the period. Finally, TIAA CREF Investment Management LLC raised its stake in shares of Amazon.com by 1.7% during the 2nd quarter. TIAA CREF Investment Management LLC now owns 2,828,302 shares of the e-commerce giant’s stock worth $2,737,796,000 after buying an additional 46,800 shares during the last quarter. 60.21% of the stock is owned by hedge funds and other institutional investors.
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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.
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