Could Amazon.com, Inc. Increase After Today’s Tip From Option Traders?

 Could Amazon.com, Inc. Increase After Today's Tip From Option Traders?

In today’s session Amazon.com, Inc. (AMZN) recorded an unusually high (204) contracts volume of put trades. Someone, most probably a professional was a very active buyer of the January, 2017 put, expecting serious AMZN decrease. With 204 contracts traded and 1864 open interest for the Jan, 17 contract, it seems this is a quite bearish bet. The option with symbol: AMZN170120P00940000 closed last at: $178.25 or 2.7% up. About 1.68 million shares traded hands. Amazon.com, Inc. (NASDAQ:AMZN) has risen 24.68% since April 28, 2016 and is uptrending. It has outperformed by 18.75% the S&P500.

Analysts await Amazon.com, Inc. (NASDAQ:AMZN) to report earnings on January, 26. They expect $1.48 earnings per share, up 48.00% or $0.48 from last year’s $1 per share. AMZN’s profit will be $692.22 million for 124.80 P/E if the $1.48 EPS becomes a reality. After $0.52 actual earnings per share reported by Amazon.com, Inc. for the previous quarter, Wall Street now forecasts 184.62% 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 $105 is the lowest. The $816.19 average target is 10.48% above today’s ($738.8) stock price. Amazon.com has been the topic of 132 analyst reports since July 21, 2015 according to StockzIntelligence Inc. Argus Research upgraded Amazon.com, Inc. (NASDAQ:AMZN) on Thursday, September 22 to “Buy” rating. The stock has “Buy” rating given by Goldman Sachs on Friday, April 29. The firm earned “Buy” rating on Tuesday, November 1 by Axiom Capital. The firm earned “Buy” rating on Wednesday, July 29 by Stifel Nicolaus. The company was maintained on Friday, July 29 by Canaccord Genuity. The stock of Amazon.com, Inc. (NASDAQ:AMZN) has “Outperform” rating given on Friday, April 29 by Credit Suisse. The stock of Amazon.com, Inc. (NASDAQ:AMZN) has “Buy” rating given on Friday, August 28 by Cantor Fitzgerald. Credit Suisse maintained Amazon.com, Inc. (NASDAQ:AMZN) on Monday, October 17 with “Outperform” rating. The stock of Amazon.com, Inc. (NASDAQ:AMZN) has “Buy” rating given on Friday, July 29 by Jefferies. The rating was maintained by JP Morgan on Friday, October 23 with “Overweight”.

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 decreased to 1.29 in Q2 2016. Its down 0.17, from 1.46 in 2016Q1. The ratio dived, 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.
Community Bankshares Na last reported 39 shares in the company. Conatus Cap Mngmt Lp owns 86,048 shares or 3.89% of their US portfolio. Zwj Investment Counsel Inc accumulated 0.12% or 1,647 shares. Calamos Wealth Ltd Limited Liability Company, a Illinois-based fund reported 7,835 shares. Cypress Asset Inc Tx last reported 0.23% of its portfolio in the stock. The Massachusetts-based Acadian Asset Mgmt Ltd Com has invested 0.43% in Amazon.com, Inc. (NASDAQ:AMZN). Green Square Capital Lc has invested 0.21% of its portfolio in Amazon.com, Inc. (NASDAQ:AMZN). Sg Americas Secs Limited Liability Corporation reported 547,556 shares or 2.78% of all its holdings. Pictet Comml Bank And Limited owns 1,515 shares or 0.42% of their US portfolio. Hitchwood Capital Mngmt Lp accumulated 310,000 shares or 5.36% of the stock. Patten Group Inc Incorporated owns 20 shares or 0% of their US portfolio. Valley Advisers Inc last reported 445 shares in the company. Cowen Gp has invested 0.54% of its portfolio in Amazon.com, Inc. (NASDAQ:AMZN). Jericho Capital Asset Mngmt L P, a New York-based fund reported 155,798 shares. The Massachusetts-based De Burlo Gp has invested 2.37% in Amazon.com, Inc. (NASDAQ:AMZN).

Insider Transactions: Since June 6, 2016, the stock had 0 insider purchases, and 11 selling transactions for $793.90 million net activity. Blackburn Jeffrey M sold $3.53 million worth of Amazon.com, Inc. (NASDAQ:AMZN) on Tuesday, November 15. Another trade for 1.00 million shares valued at $756.74 million was made by BEZOS JEFFREY P on Tuesday, August 2. $11.20 million worth of Amazon.com, Inc. (NASDAQ:AMZN) shares were sold by Jassy Andrew R. Olsavsky Brian T also sold $1.11M worth of Amazon.com, Inc. (NASDAQ:AMZN) shares. 4,890 shares were sold by WILKE JEFFREY A, worth $3.76M. 6,250 shares with value of $4.54 million were sold by STONESIFER PATRICIA Q on Monday, June 6. Zapolsky David sold $1.49 million worth of stock or 2,020 shares.

Amazon.com, Inc. offers a range of products and services through its Websites. The company has a market cap of $345.55 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 169.27 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 important recent Amazon.com, Inc. (NASDAQ:AMZN) news were published by: Profitconfidential.com which released: “Amazon.com Inc.: This Move Could Be Huge for AMZN Stock” on December 01, 2016, also Investorplace.com published article titled: “Amazon.com, Inc. (AMZN) Stock Has Double-Digit Downside”, Investorplace.com published: “Amazon.com, Inc. (AMZN) Stock Is a Winner With or Without Prime Video” on November 28, 2016. More interesting news about Amazon.com, Inc. (NASDAQ:AMZN) was released by: Learnbonds.com and their article: “Amazon.com, Inc. (AMZN) Places Limits to Fight Fake Reviews” with publication date: November 29, 2016.

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