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

Amazon.com, Inc. (NASDAQ:AMZN) was the target of a large growth in short interest in September. As of September 30th, there was short interest totalling 92,620,000 shares, a growth of 10.5% from the September 15th total of 83,840,000 shares. Based on an average daily volume of 40,060,000 shares, the days-to-cover ratio is presently 2.3 days.

Amazon.com Price Performance

Shares of AMZN opened at $187.54 on Tuesday. Amazon.com has a 52 week low of $118.35 and a 52 week high of $201.20. The company has a current ratio of 1.10, a quick ratio of 0.88 and a debt-to-equity ratio of 0.23. The firm has a market cap of $1.95 trillion, a price-to-earnings ratio of 52.53, a PEG ratio of 1.38 and a beta of 1.14. The stock has a 50 day moving average of $180.11 and a 200-day moving average of $183.24.

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

Insider Activity

In other Amazon.com news, CEO Douglas J. Herrington sold 3,500 shares of the company’s stock in a transaction dated Thursday, August 1st. The shares were sold at an average price of $189.25, for a total transaction of $662,375.00. Following the transaction, the chief executive officer now directly owns 503,753 shares in the company, valued at approximately $95,335,255.25. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. In other Amazon.com news, VP Shelley Reynolds sold 3,791 shares of the firm’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 completion of the transaction, the vice president now directly owns 121,461 shares in the company, valued at approximately $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 can be accessed through this link. Also, CEO Douglas J. Herrington sold 3,500 shares of the company’s stock in a transaction dated Thursday, August 1st. The shares were sold at an average price of $189.25, for a total transaction of $662,375.00. Following the completion of the sale, the chief executive officer now directly owns 503,753 shares in the company, valued at $95,335,255.25. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 54,355 shares of company stock worth $9,877,423 in the last 90 days. 10.80% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Amazon.com

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Cooksen Wealth LLC acquired a new stake in Amazon.com in the fourth quarter worth $30,000. PayPay Securities Corp boosted its stake in Amazon.com by 64.6% during the 2nd quarter. PayPay Securities Corp now owns 163 shares of the e-commerce giant’s stock valued at $32,000 after purchasing an additional 64 shares during the period. Hoese & Co LLP acquired a new stake in shares of Amazon.com in the third quarter valued at approximately $37,000. Christopher J. Hasenberg Inc grew its holdings in Amazon.com by 650.0% in the 2nd quarter. Christopher J. Hasenberg Inc now owns 300 shares of the e-commerce giant’s stock worth $58,000 after buying an additional 260 shares in the last quarter. Finally, Steph & Co. acquired a new stake in Amazon.com in the 1st quarter valued at approximately $65,000. 72.20% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several equities analysts have weighed in on the company. Pivotal Research assumed coverage on Amazon.com in a research report on Friday. They set a “buy” rating and a $260.00 price target for the company. Scotiabank started coverage on Amazon.com in a research report on Friday. They set a “sector outperform” rating and a $245.00 price objective for the company. Truist Financial raised their price target on shares of Amazon.com from $230.00 to $265.00 and gave the stock a “buy” rating in a research note on Monday, September 30th. Rosenblatt Securities boosted their price objective on shares of Amazon.com from $220.00 to $221.00 and gave the company a “buy” rating in a research report on Friday, August 2nd. Finally, Sanford C. Bernstein lifted their target price on shares of Amazon.com from $210.00 to $215.00 and gave the stock an “outperform” rating in a research note on Monday, July 22nd. Two research analysts have rated the stock with a hold rating, forty-two have issued a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, Amazon.com has an average rating of “Moderate Buy” and an average price target of $224.00.

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.