Amazon.com, Inc. (NASDAQ:AMZN) Short Interest Update

Amazon.com, Inc. (NASDAQ:AMZN) was the target of a large decline in short interest in the month of October. As of October 15th, there was short interest totalling 83,920,000 shares, a decline of 9.4% from the September 30th total of 92,620,000 shares. Based on an average daily volume of 37,730,000 shares, the days-to-cover ratio is currently 2.2 days.

Amazon.com Price Performance

Shares of NASDAQ:AMZN opened at $186.40 on Friday. The business has a 50-day simple moving average of $184.40 and a two-hundred day simple moving average of $183.65. Amazon.com has a fifty-two week low of $131.71 and a fifty-two week high of $201.20. The firm has a market cap of $1.96 trillion, a price-to-earnings ratio of 44.59, a price-to-earnings-growth ratio of 1.38 and a beta of 1.14. The company has a debt-to-equity ratio of 0.23, a quick ratio of 0.88 and a current ratio of 1.10.

Amazon.com (NASDAQ:AMZN) last issued its quarterly earnings data on Thursday, August 1st. The e-commerce giant reported $1.23 EPS for the quarter, topping the consensus estimate of $1.05 by $0.18. Amazon.com had a return on equity of 21.39% and a net margin of 7.35%. The company had revenue of $147.98 billion during the quarter, compared to analyst estimates of $148.63 billion. On average, analysts expect that Amazon.com will post 4.85 earnings per share for the current year.

Insider Activity at Amazon.com

In related news, VP Shelley Reynolds sold 3,791 shares of the firm’s stock in a transaction on Wednesday, August 21st. The stock was sold at an average price of $181.04, for a total transaction of $686,322.64. Following the sale, the vice president now owns 121,461 shares of the company’s stock, valued at $21,989,299.44. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. In related news, CFO Brian T. Olsavsky sold 14,600 shares of the stock in a transaction on Wednesday, August 21st. The shares were sold at an average price of $180.00, for a total transaction of $2,628,000.00. Following the transaction, the chief financial officer now directly owns 49,000 shares of the company’s stock, valued at $8,820,000. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, VP Shelley Reynolds sold 3,791 shares of the company’s stock in a transaction dated Wednesday, August 21st. The shares were sold at an average price of $181.04, for a total transaction of $686,322.64. Following the transaction, the vice president now owns 121,461 shares in the company, valued at $21,989,299.44. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 50,855 shares of company stock worth $9,215,048 in the last ninety days. 10.80% of the stock is owned by company insiders.

Hedge Funds Weigh In On Amazon.com

A number of institutional investors and hedge funds have recently made changes to their positions in AMZN. Phillips Wealth Planners LLC lifted its position in Amazon.com by 9.2% during the first quarter. Phillips Wealth Planners LLC now owns 2,655 shares of the e-commerce giant’s stock valued at $487,000 after purchasing an additional 224 shares in the last quarter. Northwestern Mutual Wealth Management Co. lifted its position in shares of Amazon.com by 0.5% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 2,847,177 shares of the e-commerce giant’s stock valued at $550,217,000 after buying an additional 14,766 shares in the last quarter. GAMMA Investing LLC increased its holdings in Amazon.com by 19.2% in the 3rd quarter. GAMMA Investing LLC now owns 119,205 shares of the e-commerce giant’s stock worth $22,211,000 after acquiring an additional 19,231 shares in the last quarter. Stonekeep Investments LLC purchased a new position in Amazon.com during the second quarter valued at approximately $2,588,000. Finally, Healthcare of Ontario Pension Plan Trust Fund boosted its position in shares of Amazon.com by 164.1% in the second quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 1,053,958 shares of the e-commerce giant’s stock worth $203,677,000 after purchasing an additional 654,908 shares during the period. Hedge funds and other institutional investors own 72.20% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts have issued reports on AMZN shares. UBS Group lifted their price target on Amazon.com from $220.00 to $223.00 and gave the company a “buy” rating in a research note on Monday. Cantor Fitzgerald reiterated an “overweight” rating and set a $230.00 price target on shares of Amazon.com in a report on Monday, October 7th. DA Davidson reissued a “buy” rating and issued a $235.00 price target on shares of Amazon.com in a research report on Thursday, October 10th. TD Securities lifted their price objective on shares of Amazon.com from $225.00 to $245.00 in a report on Wednesday, July 10th. Finally, Telsey Advisory Group reiterated an “outperform” rating and issued a $215.00 target price on shares of Amazon.com in a research note on Thursday, October 10th. Two equities research analysts have rated the stock with a hold rating, forty-two have given a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $236.76.

About Amazon.com

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.