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

Investors purchased shares of Amazon.com, Inc.(NASDAQ:AMZN) on weakness during trading 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

Several equities analysts recently weighed in on the stock. Wells Fargo & Co reaffirmed a “buy” rating and set a $2,100.00 target price on shares of Amazon.com in a research note on Monday, December 3rd. Nomura reaffirmed a “buy” rating on shares of Amazon.com in a research note on Tuesday, December 4th. Barclays reaffirmed a “buy” rating on shares of Amazon.com in a research note on Tuesday, December 4th. Guggenheim reaffirmed a “buy” rating and set a $2,000.00 target price on shares of Amazon.com in a research note on Thursday, January 31st. Finally, JPMorgan Chase & Co. reaffirmed a “buy” rating on shares of Amazon.com in a research note on Friday, February 1st. Five analysts have rated the stock with a hold rating and forty-three have assigned a buy rating to the stock. The company has an average rating of “Buy” and an average price target of $2,118.63.

The company has a current ratio of 1.10, a quick ratio of 0.85 and a debt-to-equity ratio of 0.54. The company has a market capitalization of $841.12 billion, a P/E ratio of 85.02, a PEG ratio of 2.33 and a beta of 1.62.

Amazon.com (NASDAQ:AMZN) last released its quarterly earnings results on Thursday, January 31st. The e-commerce giant reported $6.04 EPS for the quarter, topping 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 during the quarter, compared to analysts’ expectations of $71.73 billion. During the same period in the previous year, the company earned $2.16 EPS. As a group, analysts predict that Amazon.com, Inc. will post 26.72 EPS for the current year.

In other news, CEO Jeffrey A. Wilke sold 1,645 shares of the business’s stock in a transaction dated Thursday, February 21st. The shares were sold at an average price of $1,614.65, for a total value of $2,656,099.25. Following the completion of the sale, the chief executive officer now owns 10,000 shares in the company, valued at approximately $16,146,500. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, 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 transaction of $2,202,750.00. Following the completion of the sale, the director now owns 7,861 shares of the company’s stock, valued at approximately $12,593,322. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 5,075 shares of company stock valued at $8,180,428. 16.30% of the stock is owned by corporate insiders.

Large investors have recently bought and sold shares of the company. Landaas & Co. WI ADV bought a new position in shares of Amazon.com during the 2nd quarter worth approximately $224,000. Northwestern Mutual Wealth Management Co. raised its stake in shares of Amazon.com by 3.0% during the 3rd quarter. Northwestern Mutual Wealth Management Co. now owns 54,608 shares of the e-commerce giant’s stock worth $109,373,000 after acquiring an additional 1,599 shares in the last quarter. Ironwood Investment Counsel LLC raised its stake in shares of Amazon.com by 39.7% during the 3rd quarter. Ironwood Investment Counsel LLC now owns 535 shares of the e-commerce giant’s stock worth $1,071,000 after acquiring an additional 152 shares in the last quarter. Spirit of America Management Corp NY bought a new position in shares of Amazon.com during the 3rd quarter worth approximately $110,000. Finally, Cookson Peirce & Co. Inc. bought a new position in shares of Amazon.com during the 3rd quarter worth approximately $252,000. Institutional investors and hedge funds own 55.22% of the company’s stock.

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.