Amazon.com, Inc. (NASDAQ:AMZN) Short Interest Up 14.7% in June

Amazon.com, Inc. (NASDAQ:AMZN) was the target of a large growth in short interest during the month of June. As of June 15th, there was short interest totalling 85,130,000 shares, a growth of 14.7% from the May 31st total of 74,190,000 shares. Based on an average trading volume of 40,020,000 shares, the days-to-cover ratio is presently 2.1 days.

Insider Buying and Selling

In related news, Director Jonathan Rubinstein sold 5,264 shares of the stock in a transaction on Thursday, May 9th. The stock was sold at an average price of $190.00, for a total value of $1,000,160.00. Following the sale, the director now owns 104,400 shares in the company, valued at approximately $19,836,000. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In other Amazon.com news, Director Jonathan Rubinstein sold 5,264 shares of the stock in a transaction dated Thursday, May 9th. The shares were sold at an average price of $190.00, for a total value of $1,000,160.00. Following the transaction, the director now directly owns 104,400 shares of the company’s stock, valued at approximately $19,836,000. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CEO Andrew R. Jassy sold 20,784 shares of the firm’s stock in a transaction that occurred on Tuesday, May 21st. The stock was sold at an average price of $181.44, for a total transaction of $3,771,048.96. Following the sale, the chief executive officer now owns 2,025,358 shares of the company’s stock, valued at $367,480,955.52. The disclosure for this sale can be found here. In the last three months, insiders have sold 61,838 shares of company stock valued at $11,261,789. 10.80% of the stock is owned by insiders.

Hedge Funds Weigh In On Amazon.com

Several institutional investors have recently made changes to their positions in AMZN. Bright Futures Wealth Management LLC. bought a new stake in Amazon.com in the 1st quarter valued at about $7,289,000. Old Port Advisors grew its stake in Amazon.com by 3.8% in the first quarter. Old Port Advisors now owns 7,484 shares of the e-commerce giant’s stock valued at $1,350,000 after acquiring an additional 272 shares during the period. TruNorth Capital Management LLC bought a new stake in shares of Amazon.com during the first quarter valued at approximately $344,000. Chelsea Counsel Co. lifted its holdings in shares of Amazon.com by 1.5% in the 1st quarter. Chelsea Counsel Co. now owns 11,820 shares of the e-commerce giant’s stock worth $2,132,000 after purchasing an additional 180 shares in the last quarter. Finally, Keynote Financial Services LLC acquired a new stake in Amazon.com in the 1st quarter valued at $1,505,000. Institutional investors and hedge funds own 72.20% of the company’s stock.

Amazon.com Stock Down 2.3 %

Shares of NASDAQ:AMZN opened at $193.25 on Monday. Amazon.com has a 1 year low of $118.35 and a 1 year high of $199.84. The company has a debt-to-equity ratio of 0.27, a current ratio of 1.07 and a quick ratio of 0.87. The business’s 50-day moving average is $183.87 and its 200-day moving average is $173.28. The company has a market capitalization of $2.01 trillion, a price-to-earnings ratio of 54.13, a P/E/G ratio of 1.38 and a beta of 1.14.

Amazon.com (NASDAQ:AMZN) last issued its quarterly earnings results on Tuesday, April 30th. The e-commerce giant reported $0.98 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.83 by $0.15. The firm had revenue of $143.31 billion for the quarter, compared to analyst estimates of $142.65 billion. Amazon.com had a return on equity of 19.86% and a net margin of 6.38%. The company’s revenue was up 12.5% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.31 earnings per share. Equities research analysts predict that Amazon.com will post 4.72 earnings per share for the current year.

Analysts Set New Price Targets

AMZN has been the subject of a number of recent research reports. Piper Sandler boosted their target price on shares of Amazon.com from $205.00 to $220.00 and gave the company an “overweight” rating in a research report on Wednesday, May 1st. JMP Securities reaffirmed a “market outperform” rating and issued a $225.00 price target on shares of Amazon.com in a research note on Wednesday, May 1st. Moffett Nathanson reiterated a “buy” rating and set a $228.00 price objective on shares of Amazon.com in a research note on Thursday, April 11th. Raymond James raised their target price on shares of Amazon.com from $200.00 to $205.00 and gave the company a “strong-buy” rating in a report on Wednesday, May 1st. Finally, Rosenblatt Securities reaffirmed a “buy” rating and set a $220.00 price target on shares of Amazon.com in a report on Wednesday, May 1st. One analyst has rated the stock with a hold rating, forty-three have given a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Amazon.com currently has an average rating of “Buy” and an average target price of $215.86.

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.