Amazon.com Target of Unusually High Options Trading (NASDAQ:AMZN)

Amazon.com, Inc. (NASDAQ:AMZN) was the recipient of unusually large options trading on Wednesday. Stock traders acquired 668,314 call options on the company. This represents an increase of 25% compared to the typical volume of 534,220 call options.

Analyst Ratings Changes

Several research analysts have issued reports on the company. TD Securities upped their price target on Amazon.com from $225.00 to $245.00 in a report on Wednesday, July 10th. Sanford C. Bernstein upped their price target on Amazon.com from $225.00 to $235.00 and gave the company an “outperform” rating in a report on Friday, November 1st. Monness Crespi & Hardt boosted their target price on shares of Amazon.com from $225.00 to $245.00 and gave the company a “buy” rating in a research note on Friday, November 1st. Cantor Fitzgerald reissued an “overweight” rating and set a $230.00 target price on shares of Amazon.com in a research note on Monday, October 7th. Finally, Wedbush boosted their target price on shares of Amazon.com from $225.00 to $250.00 and gave the company an “outperform” rating in a research note on Friday, November 1st. Two research analysts have rated the stock with a hold rating, forty have given a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $234.55.

Amazon.com Price Performance

NASDAQ:AMZN traded up $6.19 during mid-day trading on Wednesday, hitting $205.69. The company’s stock had a trading volume of 48,578,125 shares, compared to its average volume of 41,300,668. Amazon.com has a fifty-two week low of $139.52 and a fifty-two week high of $206.26. The company has a current ratio of 1.09, a quick ratio of 0.87 and a debt-to-equity ratio of 0.21. The company has a market capitalization of $2.16 trillion, a price-to-earnings ratio of 44.04, a P/E/G ratio of 1.46 and a beta of 1.14. The stock has a fifty day moving average of $185.75 and a 200-day moving average of $184.07.

Amazon.com (NASDAQ:AMZN) last posted its quarterly earnings results on Thursday, October 31st. The e-commerce giant reported $1.43 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.14 by $0.29. Amazon.com had a net margin of 8.04% and a return on equity of 22.41%. The firm had revenue of $158.88 billion during the quarter, compared to analyst estimates of $157.28 billion. During the same quarter in the prior year, the business posted $0.85 earnings per share. The company’s quarterly revenue was up 11.0% compared to the same quarter last year. As a group, equities analysts forecast that Amazon.com will post 4.98 EPS for the current fiscal year.

Insiders Place Their Bets

In other Amazon.com news, Director Jonathan Rubinstein sold 5,004 shares of the company’s stock in a transaction that occurred on Friday, November 1st. The stock was sold at an average price of $199.85, for a total value of $1,000,049.40. Following the completion of the sale, the director now directly owns 99,396 shares in the company, valued at $19,864,290.60. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. In other Amazon.com news, VP Shelley Reynolds sold 3,791 shares of the company’s stock in a transaction on Wednesday, August 21st. The stock was sold at an average price of $181.04, for a total value of $686,322.64. Following the transaction, the vice president now owns 121,461 shares of the company’s stock, valued at approximately $21,989,299.44. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Jonathan Rubinstein sold 5,004 shares of the company’s stock in a transaction on Friday, November 1st. The shares were sold at an average price of $199.85, for a total value of $1,000,049.40. Following the completion of the transaction, the director now directly owns 99,396 shares in the company, valued at $19,864,290.60. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 55,859 shares of company stock worth $10,215,097 over the last ninety days. Company insiders own 10.80% of the company’s stock.

Institutional Trading of Amazon.com

Hedge funds have recently modified their holdings of the company. PayPay Securities Corp increased its holdings in shares of Amazon.com by 64.6% during the second quarter. PayPay Securities Corp now owns 163 shares of the e-commerce giant’s stock worth $32,000 after buying an additional 64 shares in the last quarter. Hoese & Co LLP bought a new stake in shares of Amazon.com during the third quarter valued at approximately $37,000. Bull Oak Capital LLC bought a new stake in shares of Amazon.com during the third quarter valued at approximately $45,000. Christopher J. Hasenberg Inc grew its stake in shares of Amazon.com by 650.0% during the second quarter. Christopher J. Hasenberg Inc now owns 300 shares of the e-commerce giant’s stock valued at $58,000 after purchasing an additional 260 shares during the last quarter. Finally, Values First Advisors Inc. bought a new stake in shares of Amazon.com during the third quarter valued at approximately $56,000. Institutional investors and hedge funds own 72.20% of the company’s stock.

Amazon.com Company Profile

Amazon.com, Inc engages in the retail sale of consumer products, advertising, and subscriptions service through online and physical stores in North America and internationally. The company operates through three segments: North America, International, and Amazon Web Services (AWS). It also manufactures and sells electronic devices, including Kindle, Fire tablets, Fire TVs, Echo, Ring, Blink, and eero; and develops and produces media content.