On April 19, 2023 at 12:53:36 ET an unusually large $33,633.00K block of Put contracts in Amazon.com (AMZN) was bought, with a strike price of $150.00 / share, expiring in 58 day(s) (on June 16, 2023). Fintel tracks all large options trades, and the premium spent on this trade was 7.48 sigmas above the mean, placing it in the 100.00th percentile of all recent large trades made in AMZN options.

This trade was first picked up on Fintel’s real time Unusual Option Trades tool, where unusual option trades are highlighted.

What is the Fund Sentiment?

There are 5928 funds or institutions reporting positions in Amazon.com. This is an increase of 77 owner(s) or 1.32% in the last quarter. Average portfolio weight of all funds dedicated to AMZN is 1.43%, a decrease of 37.96%. Total shares owned by institutions increased in the last three months by 0.33% to 6,749,235K shares. The put/call ratio of AMZN is 0.67, indicating a bullish outlook.

Analyst Price Forecast Suggests 33.18% Upside

As of April 6, 2023, the average one-year price target for Amazon.com is $136.25. The forecasts range from a low of $90.90 to a high of $164.32. The average price target represents an increase of 33.18% from its latest reported closing price of $102.30.

See our leaderboard of companies with the largest price target upside.

The projected annual revenue for Amazon.com is $575,744MM, an increase of 12.02%. The projected annual non-GAAP EPS is $1.72.

What are Other Shareholders Doing?

NorthCrest Asset Manangement holds 253K shares representing 0.00% ownership of the company. In it’s prior filing, the firm reported owning 258K shares, representing a decrease of 2.02%. The firm decreased its portfolio allocation in AMZN by 99.92% over the last quarter.

Third Security holds 26K shares representing 0.00% ownership of the company. No change in the last quarter.

PXLIX – PAX LARGE CAP FUND Institutional Class holds 295K shares representing 0.00% ownership of the company. In it’s prior filing, the firm reported owning 224K shares, representing an increase of 24.24%. The firm decreased its portfolio allocation in AMZN by 9.54% over the last quarter.

Blue Door Asset Management holds 37K shares representing 0.00% ownership of the company. In it’s prior filing, the firm reported owning 0K shares, representing an increase of 100.00%.

Tranquilli Financial Advisor holds 6K shares representing 0.00% ownership of the company. In it’s prior filing, the firm reported owning 5K shares, representing an increase of 9.98%. The firm decreased its portfolio allocation in AMZN by 99.92% over the last quarter.

Amazon.com Background Information
(This description is provided by the company.)

Amazon is guided by four principles: customer obsession rather than competitor focus, passion for invention, commitment to operational excellence, and long-term thinking. Customer reviews, 1-Click shopping, personalized recommendations, Prime, Fulfillment by Amazon, AWS, Kindle Direct Publishing, Kindle, Fire tablets, Fire TV, Amazon Echo, and Alexa are some of the products and services pioneered by Amazon.

See all Amazon.com regulatory filings.

This article originally appeared on Fintel

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