Amazon.com Sees Unusually High Options Volume (NASDAQ:AMZN)
Amazon.com, Inc. (NASDAQ:AMZN) was the recipient of unusually large options trading activity on Wednesday. Stock investors acquired 1,794,328 put options on the stock. This represents an increase of…
Amazon.com, Inc. (NASDAQ:AMZN) was the target of some unusual options trading activity on Wednesday. Investors purchased 1,794,328 put options on the stock. This is an increase of approximately 74% compared to the average volume of 1,029,433 put options.
Insider Activity at Amazon.com
In other Amazon.com news, CEO Adam Selipsky sold 520 shares of Amazon.com stock in a transaction that occurred on Thursday, September 29th. The shares were sold at an average price of $114.61, for a total value of $59,597.20. Following the completion of the sale, the chief executive officer now directly owns 114,660 shares of the company's stock, valued at approximately $13,141,182.60. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other news, major shareholder Amazon Com Inc sold 250,000 shares of the stock in a transaction dated Friday, October 7th. The shares were sold at an average price of $23.61, for a total transaction of $5,902,500.00. Following the transaction, the insider now directly owns 14,178,445 shares in the company, valued at approximately $334,753,086.45. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CEO Adam Selipsky sold 520 shares of the business's stock in a transaction that occurred on Thursday, September 29th. The shares were sold at an average price of $114.61, for a total transaction of $59,597.20. Following the completion of the sale, the chief executive officer now owns 114,660 shares of the company's stock, valued at $13,141,182.60. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 303,468 shares of company stock valued at $11,098,019. Company insiders own 12.70% of the company's stock.
Hedge Funds Weigh In On Amazon.com
Several institutional investors and hedge funds have recently bought and sold shares of AMZN. Noked Israel Ltd increased its stake in Amazon.com by 618.3% in the 3rd quarter. Noked Israel Ltd now owns 119,595 shares of the e-commerce giant's stock valued at $13,514,000 after buying an additional 102,945 shares during the period. Hofer & Associates. Inc grew its stake in Amazon.com by 5.1% in the third quarter. Hofer & Associates. Inc now owns 12,733 shares of the e-commerce giant's stock valued at $1,439,000 after purchasing an additional 615 shares in the last quarter. Perigon Wealth Management LLC raised its stake in shares of Amazon.com by 2.8% during the 3rd quarter. Perigon Wealth Management LLC now owns 152,012 shares of the e-commerce giant's stock worth $17,177,000 after purchasing an additional 4,197 shares in the last quarter. Houlihan Financial Resource Group Ltd. acquired a new stake in shares of Amazon.com during the 3rd quarter valued at about $2,849,000. Finally, WealthPlan Investment Management LLC bought a new stake in shares of Amazon.com in the 3rd quarter valued at approximately $10,130,000. Hedge funds and other institutional investors own 57.64% of the company's stock.
Amazon.com Trading Down 1.3 %
Shares of NASDAQ AMZN traded down $1.05 during mid-day trading on Wednesday, hitting $81.99. 1,980,455 shares of the company traded hands, compared to its average volume of 74,230,288. The business has a 50 day moving average of $95.43 and a two-hundred day moving average of $112.61. The stock has a market capitalization of $836.43 billion, a price-to-earnings ratio of 76.22, a PEG ratio of 6.14 and a beta of 1.19. Amazon.com has a 1 year low of $82.25 and a 1 year high of $172.18. The company has a quick ratio of 0.68, a current ratio of 0.94 and a debt-to-equity ratio of 0.43.
Amazon.com (NASDAQ:AMZN - Get Rating) last issued its quarterly earnings results on Thursday, October 27th. The e-commerce giant reported $0.20 EPS for the quarter, missing the consensus estimate of $0.22 by ($0.02). The firm had revenue of $127.10 billion during the quarter, compared to analysts' expectations of $127.47 billion. Amazon.com had a net margin of 2.25% and a return on equity of 14.44%. The firm's revenue was up 14.7% compared to the same quarter last year. During the same quarter last year, the company posted $0.31 EPS. On average, sell-side analysts anticipate that Amazon.com will post 0.69 earnings per share for the current fiscal year.
Analyst Ratings Changes
A number of research analysts recently weighed in on AMZN shares. Erste Group Bank cut Amazon.com from a "buy" rating to a "hold" rating in a report on Friday, November 18th. Oppenheimer cut their price target on shares of Amazon.com from $165.00 to $130.00 and set an "outperform" rating on the stock in a report on Friday, October 28th. Royal Bank of Canada dropped their price objective on shares of Amazon.com from $175.00 to $135.00 and set an "outperform" rating for the company in a research report on Friday, October 28th. Credit Suisse Group reduced their target price on shares of Amazon.com from $159.00 to $142.00 and set an "outperform" rating on the stock in a report on Friday, October 28th. Finally, DA Davidson cut their price objective on Amazon.com to $114.00 in a research report on Thursday, December 1st. Two equities research analysts have rated the stock with a sell rating, three have given a hold rating and forty-one have assigned a buy rating to the company's stock. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $148.65.
Amazon.com Company Profile
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). It sells merchandise and content purchased for resale from third-party sellers through physical and online stores.
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