Stock Traders Purchase Large Volume of Call Options on Amazon.com (NASDAQ:AMZN)

Amazon.com, Inc. (NASDAQ:AMZN) saw unusually large options trading activity on Thursday. Investors purchased 676,766 call options on the company. This represents an increase of 27% compared to the average volume of 533,724 call options.

Analyst Upgrades and Downgrades

AMZN has been the topic of several recent research reports. Barclays raised their target price on shares of Amazon.com from $220.00 to $230.00 and gave the company an “overweight” rating in a research note on Wednesday, May 1st. Maxim Group lowered their target price on shares of Amazon.com from $318.00 to $238.00 and set a “buy” rating for the company in a report on Wednesday, May 1st. Wells Fargo & Company upped their target price on shares of Amazon.com from $217.00 to $234.00 and gave the company an “overweight” rating in a research report on Wednesday, May 1st. Moffett Nathanson restated a “buy” rating and issued a $228.00 price target on shares of Amazon.com in a research report on Thursday, April 11th. Finally, Piper Sandler upped their price objective on Amazon.com from $205.00 to $220.00 and gave the company an “overweight” rating in a report on Wednesday, May 1st. One equities research analyst has rated the stock with a hold rating, forty-four have issued a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the company presently has an average rating of “Buy” and a consensus target price of $211.62.

Amazon.com Trading Up 0.8 %

NASDAQ AMZN opened at $189.50 on Friday. Amazon.com has a 12 month low of $108.05 and a 12 month high of $191.70. The company has a current ratio of 1.07, a quick ratio of 0.87 and a debt-to-equity ratio of 0.27. The stock has a 50 day moving average of $179.90 and a 200-day moving average of $161.81. The company has a market cap of $1.97 trillion, a PE ratio of 53.08, a PEG ratio of 1.35 and a beta of 1.15.

Amazon.com (NASDAQ:AMZN) last announced its quarterly earnings results on Tuesday, April 30th. The e-commerce giant reported $0.98 EPS for the quarter, beating analysts’ consensus estimates of $0.83 by $0.15. The firm had revenue of $143.31 billion during the quarter, compared to analysts’ expectations of $142.65 billion. Amazon.com had a net margin of 6.38% and a return on equity of 19.86%. The company’s revenue for the quarter was up 12.5% compared to the same quarter last year. During the same quarter last year, the company posted $0.31 earnings per share. On average, equities research analysts anticipate that Amazon.com will post 4.67 EPS for the current fiscal year.

Insider Transactions at Amazon.com

In related news, insider Jeffrey P. Bezos sold 2,009,208 shares of the firm’s stock in a transaction that occurred on Tuesday, February 20th. The shares were sold at an average price of $166.79, for a total value of $335,115,802.32. Following the completion of the sale, the insider now owns 938,251,817 shares of the company’s stock, valued at $156,491,020,557.43. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. In other news, VP Shelley Reynolds sold 3,100 shares of the company’s stock in a transaction on Wednesday, February 21st. The stock was sold at an average price of $168.97, for a total transaction of $523,807.00. Following the transaction, the vice president now owns 119,780 shares of the company’s stock, valued at $20,239,226.60. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Jeffrey P. Bezos sold 2,009,208 shares of the firm’s stock in a transaction dated Tuesday, February 20th. The shares were sold at an average price of $166.79, for a total value of $335,115,802.32. Following the completion of the transaction, the insider now owns 938,251,817 shares in the company, valued at approximately $156,491,020,557.43. The disclosure for this sale can be found here. Over the last three months, insiders have sold 20,187,979 shares of company stock worth $3,440,575,337. Corporate insiders own 10.80% of the company’s stock.

Hedge Funds Weigh In On Amazon.com

A number of institutional investors have recently bought and sold shares of the business. Cooksen Wealth LLC acquired a new position in shares of Amazon.com in the fourth quarter valued at $30,000. PayPay Securities Corp grew its stake in Amazon.com by 54.3% in the 3rd quarter. PayPay Securities Corp now owns 267 shares of the e-commerce giant’s stock valued at $34,000 after buying an additional 94 shares during the last quarter. E Fund Management Hong Kong Co. Ltd. raised its holdings in Amazon.com by 45.0% in the 4th quarter. E Fund Management Hong Kong Co. Ltd. now owns 277 shares of the e-commerce giant’s stock valued at $42,000 after acquiring an additional 86 shares during the period. Strid Group LLC acquired a new stake in Amazon.com during the fourth quarter worth approximately $43,000. Finally, Harbor Investment Advisory LLC boosted its holdings in shares of Amazon.com by 0.7% during the fourth quarter. Harbor Investment Advisory LLC now owns 299,959 shares of the e-commerce giant’s stock worth $46,000 after acquiring an additional 1,988 shares during the period. 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.