Amazon.com, Inc. Could Rise a Lot According to The Today’s Call Option Activity

 Amazon.com, Inc. Could Rise a Lot According to The Today's Call Option Activity

In today’s session Amazon.com, Inc. (AMZN) registered an unusually high (109) contracts volume of call trades. Someone, most probably a professional was a very active buyer of the November, 2016 call, expecting serious AMZN increase. With 109 contracts traded and 1184 open interest for the Nov, 16 contract, it seems this is a quite bullish bet. The option with symbol: AMZN161118C00945000 closed last at: $4.75 or 18.1% down. About 1.86M shares traded hands. Amazon.com, Inc. (NASDAQ:AMZN) has risen 43.75% since March 2, 2016 and is uptrending. It has outperformed by 35.49% the S&P500.

Analysts await Amazon.com, Inc. (NASDAQ:AMZN) to report earnings on October, 27. They expect $0.82 earnings per share, up 382.35% or $0.65 from last year’s $0.17 per share. AMZN’s profit will be $387.49 million for 257.07 P/E if the $0.82 EPS becomes a reality. After $1.78 actual earnings per share reported by Amazon.com, Inc. for the previous quarter, Wall Street now forecasts -53.93% negative EPS growth.

Amazon.com, Inc. (NASDAQ:AMZN) Ratings Coverage

Out of 39 analysts covering Amazon.com (NASDAQ:AMZN), 36 rate it a “Buy”, 0 “Sell”, while 3 “Hold”. This means 92% are positive. Amazon.com has been the topic of 124 analyst reports since July 21, 2015 according to StockzIntelligence Inc. Piper Jaffray maintained it with “Overweight” rating and $650 target price in Friday, July 24 report. Stifel Nicolaus maintained the shares of AMZN in a report on Tuesday, March 29 with “Buy” rating. Benchmark maintained the stock with “Buy” rating in Friday, October 23 report. The firm has “Buy” rating by Axiom Capital given on Monday, December 28. Argus Research upgraded Amazon.com, Inc. (NASDAQ:AMZN) on Thursday, September 22 to “Buy” rating. Mizuho maintained the stock with “Buy” rating in Friday, January 29 report. The rating was maintained by Maxim Group on Wednesday, September 28 with “Buy”. The firm has “Buy” rating given on Friday, January 29 by Benchmark. The firm has “Neutral” rating by SunTrust given on Wednesday, October 5. JP Morgan maintained it with “Overweight” rating and $822 target price in Thursday, April 7 report.

According to Zacks Investment Research, “Amazon.com, Inc. seeks to be the world’s most customer-centric company, where customers can find and discover anything they may want to buy online. The company lists unique items in categories such as books, music, DVDs, videos, consumer electronics, toys, camera and photo items, software, computer and video games, tools and hardware, lawn and patio items, kitchen products, and wireless products.”

Insitutional Activity: The institutional sentiment increased to 1.46 in 2016 Q2. Its up 0.33, from 1.13 in 2016Q1. The ratio increased, as 50 funds sold all Amazon.com, Inc. shares owned while 443 reduced positions. 147 funds bought stakes while 571 increased positions. They now own 303.88 million shares or 18.94% less from 374.87 million shares in 2016Q1.
The New York-based Buckingham Inc has invested 2.62% in Amazon.com, Inc. (NASDAQ:AMZN). Criterion Cap Management Ltd Liability Com, a California-based fund reported 191,125 shares. Peak Asset Management Limited Co has 465 shares for 0.15% of their US portfolio. Moreover, Sterling Global Strategies Ltd Liability Company has 1.43% invested in Amazon.com, Inc. (NASDAQ:AMZN) for 527 shares. Verition Fund Mgmt, a Connecticut-based fund reported 2,269 shares. Edge Wealth Mgmt Limited Liability Com accumulated 0.54% or 1,801 shares. Origin Asset Mgmt Llp holds 2.19% of its portfolio in Amazon.com, Inc. (NASDAQ:AMZN) for 45,792 shares. Baillie Gifford & owns 7.65M shares or 9.76% of their US portfolio. Moreover, Janney Montgomery Scott Ltd Limited Liability Company has 0.36% invested in Amazon.com, Inc. (NASDAQ:AMZN) for 33,976 shares. Cornerstone Advsrs has 2.21% invested in the company for 12,500 shares. Smith Salley & Assoc last reported 0.62% of its portfolio in the stock. Redwood Invs Ltd last reported 0.75% of its portfolio in the stock. Diamond Hill Capital Mgmt Incorporated holds 0% of its portfolio in Amazon.com, Inc. (NASDAQ:AMZN) for 478 shares. Moreover, Cornerstone Advisors Incorporated has 0.41% invested in Amazon.com, Inc. (NASDAQ:AMZN) for 558 shares. Ionic Capital Management Limited Liability accumulated 0.26% or 8,200 shares.

Insider Transactions: Since May 3, 2016, the stock had 0 buys, and 16 sales for $1.48 billion net activity. Shares for $1.42M were sold by Zapolsky David. Another trade for 4,890 shares valued at $3.76 million was sold by WILKE JEFFREY A. On Tuesday, May 3 BEZOS JEFFREY P sold $671.29M worth of the stock or 1.00M shares. Shares for $3.17 million were sold by Olsavsky Brian T on Sunday, May 15. 4,000 shares with value of $2.83 million were sold by RYDER THOMAS O on Monday, May 16. The insider Jassy Andrew R sold $1.77M. $441,124 worth of Amazon.com, Inc. (NASDAQ:AMZN) was sold by Reynolds Shelley on Sunday, May 15.

Amazon.com, Inc. offers a range of products and services through its Websites. The company has a market cap of $398.45 billion. The Company’s products include merchandise and content that it purchases for resale from vendors and those offered by third-party sellers. It has a 210.26 P/E ratio. The Firm has three divisions: North America, International and Amazon Web Services .

AMZN Company Profile

Amazon.com, Inc., incorporated on May 28, 1996, offers a range of services and products through its Websites. The Company’s products include merchandise and content that it purchases for resale from vendors and those offered by third-party sellers. The Firm has three divisions: North America, International and Amazon Web Services (AWS). The Company’s North America segment focuses on retail sales of consumer products from sellers and subscriptions, through its North America-focused Websites, such as www.amazon.com, www.amazon.ca and www.amazon.com.mx. The Company’s North America segment also includes export sales from its North America-focused Websites.

More notable recent Amazon.com, Inc. (NASDAQ:AMZN) news were published by: Fool.com which released: “Better Buy: eBay Inc. vs. Amazon.com” on October 04, 2016, also Fool.com with their article: “Can Amazon.com Inc. Hit $1000 Per Share?” published on October 03, 2016, Prnewswire.com published: “FBEC Worldwide, Inc. Hemp Energy Shots have Sold Out on Amazon.com; Company …” on October 05, 2016. More interesting news about Amazon.com, Inc. (NASDAQ:AMZN) were released by: Nasdaq.com and their article: “Amazon and EU in Settlement Talks Over E-Book Terms” published on October 04, 2016 as well as Investorplace.com‘s news article titled: “Why Haven’t You Bought Amazon.com, Inc. (AMZN) Stock Yet?” with publication date: September 29, 2016.

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