Investors Purchase High Volume of Amazon.com Call Options (NASDAQ:AMZN)

Amazon.com, Inc. (NASDAQ:AMZN) saw some unusual options trading on Thursday. Stock investors purchased 100,803 call options on the company. This is an increase of 177% compared to the typical volume of 36,447 call options.

Several research firms have recently weighed in on AMZN. Deutsche Bank AG lifted their price objective on Amazon.com from $1,050.00 to $1,125.00 and gave the company a “buy” rating in a report on Friday, April 28th. Robert W. Baird reiterated an “outperform” rating and set a $850.00 price objective on shares of Amazon.com in a report on Monday, May 1st. Cowen and Company restated an “outperform” rating and issued a $1,125.00 target price on shares of Amazon.com in a research note on Thursday, August 10th. Raymond James Financial, Inc. cut Amazon.com from an “outperform” rating to a “mkt perform” rating in a research note on Wednesday, April 26th. Finally, Goldman Sachs Group, Inc. (The) reaffirmed a “buy” rating on shares of Amazon.com in a research report on Monday, May 1st. One analyst has rated the stock with a sell rating, three have issued a hold rating, forty-four have issued a buy rating and two have given a strong buy rating to the company’s stock. Amazon.com has an average rating of “Buy” and a consensus price target of $1,078.80.

In other news, CEO Jeffrey A. Wilke sold 4,000 shares of the firm’s stock in a transaction on Tuesday, May 23rd. The stock was sold at an average price of $969.73, for a total value of $3,878,920.00. Following the completion of the sale, the chief executive officer now directly owns 10,000 shares in the company, valued at $9,697,300. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, Director Tom A. Alberg sold 800 shares of Amazon.com stock in a transaction dated Tuesday, May 30th. The stock was sold at an average price of $1,000.00, for a total value of $800,000.00. Following the completion of the sale, the director now owns 20,320 shares of the company’s stock, valued at $20,320,000. The disclosure for this sale can be found here. Over the last three months, insiders have sold 16,463 shares of company stock valued at $16,299,266. Company insiders own 17.70% of the company’s stock.

Institutional investors have recently modified their holdings of the company. Leavell Investment Management Inc. raised its stake in Amazon.com by 0.3% in the second quarter. Leavell Investment Management Inc. now owns 394 shares of the e-commerce giant’s stock worth $381,000 after buying an additional 1 shares during the period. SeaBridge Investment Advisors LLC raised its stake in shares of Amazon.com by 0.4% in the second quarter. SeaBridge Investment Advisors LLC now owns 272 shares of the e-commerce giant’s stock worth $263,000 after buying an additional 1 shares during the last quarter. Stillwater Capital Advisors LLC raised its stake in shares of Amazon.com by 0.4% in the first quarter. Stillwater Capital Advisors LLC now owns 526 shares of the e-commerce giant’s stock worth $466,000 after buying an additional 2 shares during the last quarter. Beese Fulmer Investment Management Inc. raised its stake in shares of Amazon.com by 0.7% in the first quarter. Beese Fulmer Investment Management Inc. now owns 289 shares of the e-commerce giant’s stock worth $256,000 after buying an additional 2 shares during the last quarter. Finally, Round Table Services LLC raised its stake in shares of Amazon.com by 0.3% in the first quarter. Round Table Services LLC now owns 701 shares of the e-commerce giant’s stock worth $621,000 after buying an additional 2 shares during the last quarter. Hedge funds and other institutional investors own 61.90% of the company’s stock.

Shares of Amazon.com (AMZN) opened at 958.47 on Friday. The company has a market cap of $460.43 billion, a P/E ratio of 243.76 and a beta of 1.48. Amazon.com has a 52 week low of $710.10 and a 52 week high of $1,083.31. The firm has a 50-day moving average of $995.90 and a 200 day moving average of $931.08.

Amazon.com (NASDAQ:AMZN) last issued its quarterly earnings data on Thursday, July 27th. The e-commerce giant reported $0.40 EPS for the quarter, missing the consensus estimate of $1.40 by $1.00. Amazon.com had a return on equity of 9.38% and a net margin of 1.28%. The company had revenue of $37.96 billion during the quarter, compared to analyst estimates of $37.18 billion. During the same quarter in the prior year, the company posted $1.78 earnings per share. The business’s revenue was up 24.8% compared to the same quarter last year. Equities analysts expect that Amazon.com will post $3.83 EPS for the current fiscal year.

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Amazon.com Company Profile

Amazon.com, Inc offers a range of products and services through its Websites. The Company operates through three segments: North America, International and Amazon Web Services (AWS). The North America segment consists of retail sales of consumer products (including from sellers) and subscriptions through North America-focused Websites, such as www.amazon.com, www.amazon.ca and www.amazon.com.mx.

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