Traders Buy Shares of Amazon.com (AMZN) on Weakness Following Analyst Downgrade

Investors bought shares of Amazon.com, Inc. (NASDAQ:AMZN) on weakness during trading hours on Monday after JMP Securities lowered their price target on the stock from $2,075.00 to $2,050.00. $5,164.48 million flowed into the stock on the tick-up and $4,660.95 million flowed out of the stock on the tick-down, for a money net flow of $503.53 million into the stock. Of all companies tracked, Amazon.com had the 2nd highest net in-flow for the day. Amazon.com traded down ($103.93) for the day and closed at $1,538.88

Several other brokerages have also commented on AMZN. Morgan Stanley reissued a “buy” rating on shares of Amazon.com in a report on Tuesday, July 17th. Morningstar reissued a “buy” rating on shares of Amazon.com in a report on Thursday, October 11th. Barclays reissued a “buy” rating and issued a $1,870.00 price target on shares of Amazon.com in a report on Friday, July 27th. Jefferies Financial Group reissued a “buy” rating on shares of Amazon.com in a report on Monday, October 1st. Finally, Cowen upped their target price on shares of Amazon.com from $2,000.00 to $2,100.00 and gave the stock an “outperform” rating in a report on Friday, July 13th. Four investment analysts have rated the stock with a hold rating and forty-six have given a buy rating to the stock. Amazon.com presently has an average rating of “Buy” and a consensus target price of $2,091.53.

In other news, Director Tom A. Alberg sold 2,320 shares of the business’s stock in a transaction dated Monday, August 6th. The shares were sold at an average price of $1,827.29, for a total transaction of $4,239,312.80. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Director Judith A. Mcgrath sold 500 shares of the business’s stock in a transaction dated Thursday, August 16th. The shares were 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. In the last three months, insiders have sold 20,308 shares of company stock worth $38,986,448. Corporate insiders own 16.30% of the company’s stock.



A number of hedge funds and other institutional investors have recently bought and sold shares of AMZN. HC Financial Advisors Inc. acquired a new position in Amazon.com in the fourth quarter valued at about $315,000. Advisor Partners LLC lifted its position in shares of Amazon.com by 5.1% during the first quarter. Advisor Partners LLC now owns 8,311 shares of the e-commerce giant’s stock worth $12,029,000 after purchasing an additional 406 shares in the last quarter. Baskin Financial Services Inc. acquired a new stake in shares of Amazon.com during the first quarter worth about $282,000. Intersect Capital LLC lifted its position in shares of Amazon.com by 61.6% during the first quarter. Intersect Capital LLC now owns 813 shares of the e-commerce giant’s stock worth $1,177,000 after purchasing an additional 310 shares in the last quarter. Finally, Commerce Bank lifted its position in shares of Amazon.com by 2.3% during the first quarter. Commerce Bank now owns 64,588 shares of the e-commerce giant’s stock worth $93,481,000 after purchasing an additional 1,458 shares in the last quarter. 56.73% of the stock is currently owned by institutional investors.

The stock has a market capitalization of $801.27 billion, a PE ratio of 336.36, a PEG ratio of 3.42 and a beta of 1.58. The company has a current ratio of 1.08, a quick ratio of 0.80 and a debt-to-equity ratio of 0.63.

Amazon.com (NASDAQ:AMZN) last issued its quarterly earnings results on Thursday, October 25th. The e-commerce giant reported $5.75 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $3.29 by $2.46. The business had revenue of $56.58 billion for the quarter, compared to analysts’ expectations of $57.05 billion. Amazon.com had a net margin of 4.03% and a return on equity of 24.35%. Research analysts anticipate that Amazon.com, Inc. will post 17.81 earnings per share for the current fiscal year.

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.

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