Investors Buy Shares of Amazon.com (AMZN) on Weakness

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Investors purchased shares of Amazon.com, Inc. (NASDAQ:AMZN) on weakness during trading hours on Thursday. $1,262.28 million flowed into the stock on the tick-up and $1,025.88 million flowed out of the stock on the tick-down, for a money net flow of $236.40 million into the stock. Of all equities tracked, Amazon.com had the 4th highest net in-flow for the day. Amazon.com traded down ($4.59) for the day and closed at $1,686.22

A number of analysts have recently issued reports on AMZN shares. Nomura reaffirmed a “buy” rating on shares of Amazon.com in a report on Tuesday, December 4th. Barclays reaffirmed a “buy” rating on shares of Amazon.com in a report on Tuesday, December 4th. Wells Fargo & Co reaffirmed a “buy” rating and set a $2,100.00 price objective on shares of Amazon.com in a report on Monday, December 3rd. Loop Capital reaffirmed a “buy” rating on shares of Amazon.com in a report on Tuesday, November 27th. Finally, Jefferies Financial Group reaffirmed a “buy” rating on shares of Amazon.com in a report on Tuesday, November 20th. Five analysts have rated the stock with a hold rating and forty-four have assigned a buy rating to the stock. Amazon.com presently has an average rating of “Buy” and a consensus target price of $2,107.33.

The stock has a market cap of $821.83 billion, a PE ratio of 83.72, a PEG ratio of 2.33 and a beta of 1.62. The company has a debt-to-equity ratio of 0.54, a quick ratio of 0.85 and a current ratio of 1.10.

Amazon.com (NASDAQ:AMZN) last released its quarterly earnings data on Thursday, January 31st. The e-commerce giant reported $6.04 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $5.55 by $0.49. Amazon.com had a net margin of 4.33% and a return on equity of 27.02%. The firm had revenue of $72.38 billion for the quarter, compared to analysts’ expectations of $71.73 billion. During the same quarter in the previous year, the company earned $2.16 earnings per share. As a group, analysts forecast that Amazon.com, Inc. will post 26.72 earnings per share for the current fiscal year.

In other Amazon.com news, Director Patricia Q. Stonesifer sold 1,375 shares of the business’s stock in a transaction dated Tuesday, February 19th. The shares were sold at an average price of $1,602.00, for a total value of $2,202,750.00. Following the transaction, the director now owns 7,861 shares in the company, valued at $12,593,322. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, SVP Jeffrey M. Blackburn sold 2,055 shares of the business’s stock in a transaction dated Friday, February 15th. The shares were sold at an average price of $1,616.34, for a total transaction of $3,321,578.70. Following the completion of the transaction, the senior vice president now owns 46,596 shares in the company, valued at approximately $75,314,978.64. The disclosure for this sale can be found here. Insiders sold 5,075 shares of company stock worth $8,180,428 in the last 90 days. Corporate insiders own 16.30% of the company’s stock.

Several hedge funds have recently added to or reduced their stakes in the business. Landaas & Co. WI ADV purchased a new position in shares of Amazon.com during the second quarter valued at about $224,000. Northwestern Mutual Wealth Management Co. increased its position in shares of Amazon.com by 3.0% during the third quarter. Northwestern Mutual Wealth Management Co. now owns 54,608 shares of the e-commerce giant’s stock valued at $109,373,000 after buying an additional 1,599 shares during the period. Ironwood Investment Counsel LLC increased its position in shares of Amazon.com by 39.7% during the third quarter. Ironwood Investment Counsel LLC now owns 535 shares of the e-commerce giant’s stock valued at $1,071,000 after buying an additional 152 shares during the period. Spirit of America Management Corp NY purchased a new position in shares of Amazon.com during the third quarter valued at about $110,000. Finally, Cookson Peirce & Co. Inc. purchased a new position in shares of Amazon.com during the third quarter valued at about $252,000. Hedge funds and other institutional investors own 55.22% of the company’s stock.

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About Amazon.com (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 third-party sellers through physical stores and online stores.

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