Shares of Amazon.com (NASDAQ:AMZN) was the target of unusually large options trading activity on Tuesday. Stock investors acquired 9,047 put options on the stock, Stock Ratings Network.com reports. This represents an increase of approximately 436% compared to the average daily volume of 1,687 put options.
In other Amazon.com news, SVP Jeffrey Wilke sold 2,500 shares of Amazon.com stock on the open market in a transaction that occurred on Wednesday, September 18th. The stock was sold at an average price of $309.06, for a total transaction of $772,650.00. Following the completion of the sale, the senior vice president now directly owns 52,933 shares of the company’s stock, valued at approximately $16,359,473. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link.
A number of research firms have recently commented on AMZN. Analysts at Wedbush reiterated a “hold” rating on shares of Amazon.com (NASDAQ:AMZN) in a research note to investors on Monday. They now have a $330.00 price target on the stock. Separately, analysts at Telsey Advisory Group raised their price target on shares of Amazon.com (NASDAQ:AMZN) from $370.00 to $400.00 in a research note to investors on Monday. They now have a “not rated” rating on the stock. Finally, analysts at CRT Capital initiated coverage on shares of Amazon.com (NASDAQ:AMZN) in a research note to investors on Thursday, September 19th. They set a “buy” rating on the stock.
One investment analyst has rated the stock with a sell rating, nine have given a hold rating and thirty-one have issued a buy rating to the company. Amazon.com has an average rating of “Buy” and a consensus target price of $330.26.
Shares of Amazon.com (NASDAQ:AMZN) traded up 0.85% during mid-day trading on Tuesday, hitting $314.13. 2,032,281 shares of the company’s stock traded hands. Amazon.com has a 1-year low of $218.18 and a 1-year high of $320.57. The stock has a 50-day moving average of $294.7 and a 200-day moving average of $279.0. The company’s market cap is $143.5 billion.
Amazon.com (NASDAQ:AMZN) last posted its quarterly earnings results on Thursday, July 25th. The company reported ($0.08) earnings per share for the quarter, missing the analysts’ consensus estimate of $0.05 by $0.13. The company had revenue of $15.70 billion for the quarter, compared to the consensus estimate of $15.73 billion. During the same quarter last year, the company posted $0.01 earnings per share. Amazon.com’s revenue was up 22.4% compared to the same quarter last year. On average, analysts predict that Amazon.com will post $0.85 earnings per share for the current fiscal year.
Amazon.com, Inc (NASDAQ:AMZN), incorporated on May 28, 1996, serves consumers through its retail websites and focus on selection, price, and convenience.