, Inc. (AMZN) Shares Down Amid Controversial Nazi Ads Placed in NYC Subway


Shares of, Inc. (NASDAQ:AMZN) are trading down this afternoon following a bit of controversy surrounding Nazi-theme ads placed within a New York City subway car. The ads, which were created to promote a new series called “The Man in the High Castle,” depicted Imperial Japan and Nazi Germany-based symbols. These symbols did not include the swastika.

“While we are all used to bad decisions by the MTA, this goes beyond anything we have come to expect from them,” Assemblyman Jeff Dinowitz (D-Bronx) said in a statement. “The MTA could have allowed this show to be advertised without using such offensive insignias.”

Following complaints, Amazon has requested that the MTA remove the ads from the subway car in question as soon as possible.The stock is down 0.91% or $6.19 after the negative news, hitting $672.8 per share. About 3.90M shares traded hands. AMZN has risen 74.19% since April 22, 2015 and is uptrending. It has outperformed by 75.20% the S&P500.

Out of 23 analysts covering (NASDAQ:AMZN), 20 rate it “Buy”, 0 “Sell”, while 3 “Hold”. This means 87% are positive. $800 is the highest target while $525 is the lowest. The $709.30 average target is 5.43% above today’s ($672.8) stock price. was the topic in 54 analyst reports since July 21, 2015 according to StockzIntelligence Inc. Morgan Stanley maintained the stock on November 11 with “Overweight” rating. Canaccord Genuity maintained it with “Hold” rating and $600 target price in an October 23 report. UBS maintained the shares of AMZN in a report on October 23 with “Buy” rating. Robert W. Baird maintained the firm’s rating on October 23. Robert W. Baird has “Buy” rating and $710 price target. Finally, Credit Suisse maintained the stock with “Outperform” rating in an October 23 report.

The institutional sentiment decreased to 1.12 in Q2 2015. Its down 0.02, from 1.14 in 2015Q1. The ratio dropped, as 70 funds sold all, Inc. shares owned while 402 reduced positions. 141 funds bought stakes while 389 increased positions. They now own 309.99 million shares or 31.56% less from 452.95 million shares in 2015Q1.

Huntington Steele Llc holds 20.91% of its portfolio in, Inc. for 113,843 shares. Tybourne Capital Management Hk Ltd owns 501,398 shares or 18.49% of their US portfolio. Moreover, Telemark Asset Management Llc has 11.46% invested in the company for 100,000 shares. The New York-based Signpost Capital Advisors Lp has invested 10.95% in the stock. Brighton Jones Llc, a Washington-based fund reported 105,075 shares.

Since May 4, 2015, the stock had 0 insider purchases, and 13 sales for $28.56 million net activity. Stonesifer Patricia Q sold 6,250 shares worth $3.16 million. Wilke Jeffrey A sold 5,908 shares worth $3.16M. Reynolds Shelley sold 720 shares worth $381,752. Olsavsky Brian T sold 2,098 shares worth $1.11M. The insider Zapolsky David sold 2,322 shares worth $1.23M., Inc. is an e-commerce company. The company has a market cap of $310.49 billion. The Firm sells a range of services and products through its Websites. It has 975.98 P/E ratio. The Company’s products are offered through consumer-facing Websites, which include merchandise and content that it purchases for resale from vendors and those offered by third-party sellers.