Amazon.com, Inc. Can’t Burn Your Long Portfolio. Option Traders are Bullish

 Amazon.com, Inc. Can't Burn Your Long Portfolio. Option Traders are Bullish

In today’s session Amazon.com, Inc. (AMZN) registered an unusually high (1,000) contracts volume of call trades. Someone, most probably a professional was a very active buyer of the October, 2016 call, expecting serious AMZN increase. With 1,000 contracts traded and 8594 open interest for the Oct, 16 contract, it seems this is a quite bullish bet. The option with symbol: AMZN161021C00812500 closed last at: $8.25 or 47.5% down. About 356,415 shares traded hands. Amazon.com, Inc. (NASDAQ:AMZN) has risen 42.38% since March 16, 2016 and is uptrending. It has outperformed by 36.84% the S&P500.

Analysts await Amazon.com, Inc. (NASDAQ:AMZN) to report earnings on October, 27. They expect $0.82 EPS, up 382.35% or $0.65 from last year’s $0.17 per share. AMZN’s profit will be $390.98M for 249.17 P/E if the $0.82 EPS becomes a reality. After $1.78 actual EPS 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. $1050 is the highest target while $525 is the lowest. The $832.45 average target is 1.86% above today’s ($817.27) stock price. Amazon.com has been the topic of 126 analyst reports since July 21, 2015 according to StockzIntelligence Inc. Susquehanna initiated the shares of AMZN in a report on Friday, January 15 with “Positive” rating. The stock of Amazon.com, Inc. (NASDAQ:AMZN) has “Buy” rating given on Friday, July 29 by Benchmark. Stifel Nicolaus maintained the stock with “Buy” rating in Friday, October 23 report. SunTrust maintained it with “Neutral” rating and $550 target price in Friday, July 24 report. On Thursday, June 23 the stock rating was initiated by Maxim Group with “Buy”. The firm has “Outperform” rating given on Wednesday, July 22 by JMP Securities. As per Friday, July 24, the company rating was maintained by Monness Crespi & Hardt. M Partners initiated Amazon.com, Inc. (NASDAQ:AMZN) on Tuesday, December 15 with “Buy” rating. The firm has “Buy” rating given on Thursday, July 21 by Goldman Sachs. The rating was maintained by CLSA on Friday, July 29 with “Outperform”.

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 improved, 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 Two Sigma Secs Ltd Com has invested 0.57% in Amazon.com, Inc. (NASDAQ:AMZN). Mutual Federation Of Agricultural Cooperatives holds 8,900 shares or 0.2% of its portfolio. Hermes Investment Ltd has 0.32% invested in the company for 22,438 shares. Everpoint Asset Lc holds 111,964 shares or 1.58% of its portfolio. Chesley Taft Associate Limited Liability Corporation holds 1.02% or 13,877 shares in its portfolio. Wealthtrust reported 85 shares or 0.04% of all its holdings. Hengehold Mngmt Limited Liability Company accumulated 299 shares or 0.07% of the stock. Chevy Chase holds 377,745 shares or 1.51% of its portfolio. Kimelman & Baird Ltd Liability Corporation has 3.81% invested in the company for 29,139 shares. Fund Mgmt holds 0.15% of its portfolio in Amazon.com, Inc. (NASDAQ:AMZN) for 22,411 shares. Moreover, Point72 Asia (Hong Kong) has 0.06% invested in Amazon.com, Inc. (NASDAQ:AMZN) for 69 shares. Tanaka Inc holds 0.25% of its portfolio in Amazon.com, Inc. (NASDAQ:AMZN) for 135 shares. Morgan Stanley, a New York-based fund reported 3.92M shares. Cwm Limited Liability Com accumulated 475 shares or 0.02% of the stock. Eagleclaw Managment Lc holds 3.07% of its portfolio in Amazon.com, Inc. (NASDAQ:AMZN) for 6,447 shares.

Insider Transactions: Since May 3, 2016, the stock had 0 insider purchases, and 16 insider sales for $1.48 billion net activity. $441,124 worth of Amazon.com, Inc. (NASDAQ:AMZN) was sold by Reynolds Shelley on Sunday, May 15. 2,305 shares were sold by Jassy Andrew R, worth $1.62M on Sunday, May 15. Shares for $2.83 million were sold by RYDER THOMAS O. 1.00M shares with value of $671.29 million were sold by BEZOS JEFFREY P on Tuesday, May 3. WILKE JEFFREY A also sold $3.46M worth of Amazon.com, Inc. (NASDAQ:AMZN) on Sunday, May 15. 5,478 shares were sold by PIACENTINI DIEGO, worth $3.88M. Zapolsky David also sold $1.42M worth of Amazon.com, Inc. (NASDAQ:AMZN) shares.

Amazon.com, Inc. offers a range of products and services through its Websites. The company has a market cap of $389.68 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 203.79 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: Profitconfidential.com which released: “Amazon.com, Inc.: New Alliance Means More Potential For AMZN Stock” on October 18, 2016, also Profitconfidential.com with their article: “Amazon.com, Inc.: Amazon Stock Could Strike $1500” published on October 15, 2016, Profitconfidential.com published: “AMZN Stock: Amazon.com, Inc. Should be Feared” on October 14, 2016. More interesting news about Amazon.com, Inc. (NASDAQ:AMZN) were released by: Profitconfidential.com and their article: “Amazon.com Inc.: This Means More Upside for AMZN Stock” published on October 12, 2016 as well as Etfdailynews.com‘s news article titled: “Amazon, Facebook Join Bidding War for Indian Cricket Streaming Rights” with publication date: October 18, 2016.

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