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

Amazon.com, Inc. (NASDAQ:AMZN) saw some unusual options trading activity on Wednesday. Stock traders acquired 668,314 call options on the stock. This represents an increase of approximately 25% compared to the typical volume of 534,220 call options.

Insider Activity

In other news, CEO Andrew R. Jassy sold 20,784 shares of the stock in a transaction that occurred on Wednesday, August 21st. The stock was sold at an average price of $180.77, for a total value of $3,757,123.68. Following the completion of the sale, the chief executive officer now directly owns 2,056,534 shares of the company’s stock, valued at $371,759,651.18. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. In other news, SVP David Zapolsky sold 2,190 shares of the business’s stock in a transaction that occurred on Tuesday, September 24th. The stock was sold at an average price of $195.00, for a total value of $427,050.00. Following the transaction, the senior vice president now owns 62,420 shares in the company, valued at $12,171,900. The trade was a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Andrew R. Jassy sold 20,784 shares of the stock in a transaction that occurred on Wednesday, August 21st. The shares were sold at an average price of $180.77, for a total value of $3,757,123.68. Following the sale, the chief executive officer now directly owns 2,056,534 shares of the company’s stock, valued at $371,759,651.18. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 55,859 shares of company stock worth $10,215,097 in the last quarter. 10.80% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the stock. Fifth Third Wealth Advisors LLC boosted its stake in shares of Amazon.com by 14.2% during the third quarter. Fifth Third Wealth Advisors LLC now owns 192,252 shares of the e-commerce giant’s stock valued at $35,822,000 after purchasing an additional 23,943 shares during the period. BIP Wealth LLC raised its holdings in Amazon.com by 9.6% during the 3rd quarter. BIP Wealth LLC now owns 18,991 shares of the e-commerce giant’s stock valued at $3,537,000 after buying an additional 1,667 shares during the last quarter. Prospera Financial Services Inc boosted its position in Amazon.com by 17.8% during the 3rd quarter. Prospera Financial Services Inc now owns 328,967 shares of the e-commerce giant’s stock valued at $61,295,000 after buying an additional 49,610 shares during the period. Meeder Asset Management Inc. grew its holdings in Amazon.com by 4.5% in the 3rd quarter. Meeder Asset Management Inc. now owns 378,190 shares of the e-commerce giant’s stock worth $70,468,000 after acquiring an additional 16,308 shares during the last quarter. Finally, Tranquility Partners LLC increased its position in shares of Amazon.com by 3.3% in the third quarter. Tranquility Partners LLC now owns 31,866 shares of the e-commerce giant’s stock valued at $5,938,000 after acquiring an additional 1,019 shares during the period. 72.20% of the stock is owned by institutional investors.

Amazon.com Stock Performance

NASDAQ:AMZN opened at $210.05 on Friday. The company has a market capitalization of $2.21 trillion, a price-to-earnings ratio of 44.98, a PEG ratio of 1.34 and a beta of 1.14. The business has a 50 day moving average of $186.48 and a 200 day moving average of $184.23. The company has a debt-to-equity ratio of 0.21, a current ratio of 1.09 and a quick ratio of 0.87. Amazon.com has a 1-year low of $139.52 and a 1-year high of $212.25.

Amazon.com (NASDAQ:AMZN) last announced its quarterly earnings data on Thursday, October 31st. The e-commerce giant reported $1.43 earnings per share for the quarter, topping analysts’ consensus estimates 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 period in the previous year, the business posted $0.85 EPS. The business’s quarterly revenue was up 11.0% on a year-over-year basis. On average, sell-side analysts predict that Amazon.com will post 5.16 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several equities research analysts have recently issued reports on the company. Scotiabank raised their target price on Amazon.com from $245.00 to $246.00 and gave the company a “sector outperform” rating in a research report on Friday, November 1st. Deutsche Bank Aktiengesellschaft raised their price objective on shares of Amazon.com from $225.00 to $232.00 and gave the stock a “buy” rating in a report on Friday, November 1st. Cantor Fitzgerald reiterated an “overweight” rating and issued a $230.00 target price on shares of Amazon.com in a research note on Monday, October 7th. JPMorgan Chase & Co. increased their target price on shares of Amazon.com from $230.00 to $250.00 and gave the company an “overweight” rating in a research report on Friday, November 1st. Finally, UBS Group lifted their price target on shares of Amazon.com from $220.00 to $223.00 and gave the stock a “buy” rating in a report on Monday, October 28th. Two investment analysts have rated the stock with a hold rating, forty have issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, Amazon.com presently has a consensus rating of “Moderate Buy” and an average target price of $234.55.

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.