Short Interest in Amazon.com, Inc. (NASDAQ:AMZN) Drops By 8.7%

Amazon.com, Inc. (NASDAQ:AMZN) was the recipient of a significant decrease in short interest during the month of October. As of October 31st, there was short interest totalling 76,620,000 shares, a decrease of 8.7% from the October 15th total of 83,920,000 shares. Based on an average daily trading volume, of 36,080,000 shares, the days-to-cover ratio is presently 2.1 days.

Insider Transactions at Amazon.com

In related news, CEO Andrew R. Jassy sold 20,784 shares of the stock in a transaction on Wednesday, August 21st. The shares were sold at an average price of $180.77, for a total transaction of $3,757,123.68. Following the sale, the chief executive officer now directly owns 2,056,534 shares of the company’s stock, valued at approximately $371,759,651.18. This represents a 1.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, insider Jeffrey P. Bezos sold 2,996,362 shares of Amazon.com stock in a transaction on Monday, November 11th. The shares were sold at an average price of $206.75, for a total transaction of $619,497,843.50. Following the completion of the transaction, the insider now directly owns 914,420,614 shares of the company’s stock, valued at $189,056,461,944.50. The trade was a 0.33 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 6,053,349 shares of company stock worth $1,256,503,289 over the last quarter. 10.80% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Amazon.com

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. Second Line Capital LLC lifted its position in shares of Amazon.com by 141.1% during the 3rd quarter. Second Line Capital LLC now owns 20,523 shares of the e-commerce giant’s stock worth $3,824,000 after buying an additional 12,011 shares during the last quarter. TCW Group Inc. raised its stake in Amazon.com by 2.0% during the 3rd quarter. TCW Group Inc. now owns 2,358,623 shares of the e-commerce giant’s stock worth $439,482,000 after acquiring an additional 46,277 shares in the last quarter. Hohimer Wealth Management LLC lifted its position in Amazon.com by 0.5% in the third quarter. Hohimer Wealth Management LLC now owns 37,417 shares of the e-commerce giant’s stock valued at $6,972,000 after acquiring an additional 188 shares during the last quarter. Soltis Investment Advisors LLC lifted its position in Amazon.com by 2.1% in the third quarter. Soltis Investment Advisors LLC now owns 122,716 shares of the e-commerce giant’s stock valued at $22,866,000 after acquiring an additional 2,570 shares during the last quarter. Finally, Rehmann Capital Advisory Group boosted its stake in Amazon.com by 2.1% in the third quarter. Rehmann Capital Advisory Group now owns 62,676 shares of the e-commerce giant’s stock valued at $11,694,000 after acquiring an additional 1,261 shares in the last quarter. 72.20% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of research firms have weighed in on AMZN. UBS Group increased their price objective on shares of Amazon.com from $220.00 to $223.00 and gave the company a “buy” rating in a report on Monday, October 28th. Susquehanna lifted their price objective on Amazon.com from $220.00 to $230.00 and gave the stock a “positive” rating in a report on Friday, November 1st. Stifel Nicolaus raised their target price on Amazon.com from $224.00 to $245.00 and gave the company a “buy” rating in a research report on Friday, November 1st. BMO Capital Markets reissued an “outperform” rating and issued a $236.00 price objective (up from $230.00) on shares of Amazon.com in a research note on Friday, November 1st. Finally, Sanford C. Bernstein upped their target price on shares of Amazon.com from $225.00 to $235.00 and gave the stock an “outperform” rating in a report on Friday, November 1st. Two analysts have rated the stock with a hold rating, forty have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $235.45.

Amazon.com Trading Down 0.4 %

Shares of NASDAQ:AMZN opened at $201.70 on Tuesday. The company has a market cap of $2.12 trillion, a PE ratio of 43.19, a P/E/G ratio of 1.36 and a beta of 1.14. The company’s 50 day moving average is $191.69 and its two-hundred day moving average is $185.93. Amazon.com has a 52 week low of $141.50 and a 52 week high of $215.90. The company has a current ratio of 1.09, a quick ratio of 0.87 and a debt-to-equity ratio of 0.21.

Amazon.com (NASDAQ:AMZN) last posted its quarterly earnings results on Thursday, October 31st. The e-commerce giant reported $1.43 earnings per share for the quarter, beating analysts’ consensus estimates of $1.14 by $0.29. Amazon.com had a return on equity of 22.41% and a net margin of 8.04%. The company had revenue of $158.88 billion for the quarter, compared to analysts’ expectations of $157.28 billion. During the same period last year, the firm earned $0.85 earnings per share. Amazon.com’s quarterly revenue was up 11.0% on a year-over-year basis. Equities analysts predict that Amazon.com will post 5.27 earnings per share for the current fiscal year.

Amazon.com Company Profile

Amazon.com, Inc engages in the retail sale of consumer products, advertising, and subscriptions service through online and physical stores in North America and internationally. The company operates through three segments: North America, International, and Amazon Web Services (AWS). It also manufactures and sells electronic devices, including Kindle, Fire tablets, Fire TVs, Echo, Ring, Blink, and eero; and develops and produces media content.