Amazon.com, Inc. (NASDAQ:AMZN) Sees Significant Decrease in Short Interest

Amazon.com, Inc. (NASDAQ:AMZN) was the target of a large decrease in short interest in June. As of June 30th, there was short interest totalling 2,942,200 shares, a decrease of 9.7% from the May 30th total of 3,259,800 shares. Based on an average daily volume of 3,960,000 shares, the days-to-cover ratio is presently 0.7 days. Currently, 0.7% of the shares of the stock are sold short.

AMZN has been the topic of several research reports. BidaskClub cut shares of Zynga from a “buy” rating to a “hold” rating in a research report on Tuesday, June 18th. Cowen started coverage on shares of Plantronics in a research report on Tuesday, May 28th. They set an “outperform” rating and a $67.00 price objective on the stock. Credit Suisse Group set a $123.00 target price on shares of Hershey and gave the company a “hold” rating in a report on Friday, April 26th. DA Davidson reaffirmed a “neutral” rating on shares of IDEX in a report on Friday, April 26th. Finally, Barclays set a $46.00 target price on shares of D. R. Horton and gave the company a “buy” rating in a report on Friday, April 26th. Three investment analysts have rated the stock with a hold rating and forty-five have given a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and an average target price of $2,196.39.

In other Amazon.com news, CEO Jeffrey A. Wilke sold 2,500 shares of the stock in a transaction that occurred on Wednesday, May 1st. The shares were sold at an average price of $1,934.42, for a total value of $4,836,050.00. Following the sale, the chief executive officer now directly owns 10,000 shares in the company, valued at approximately $19,344,200. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Andrew R. Jassy sold 7,308 shares of the stock in a transaction that occurred on Wednesday, July 10th. The stock was sold at an average price of $2,000.00, for a total transaction of $14,616,000.00. Following the completion of the sale, the chief executive officer now owns 92,614 shares in the company, valued at $185,228,000. The disclosure for this sale can be found here. Insiders sold a total of 18,993 shares of company stock worth $36,698,207 over the last quarter. Corporate insiders own 16.10% of the company’s stock.

Several institutional investors and hedge funds have recently made changes to their positions in AMZN. Signet Investment Advisory Group Inc. purchased a new position in Amazon.com during the 4th quarter valued at about $33,000. Spence Asset Management lifted its position in Amazon.com by 127.3% during the 4th quarter. Spence Asset Management now owns 25 shares of the e-commerce giant’s stock valued at $38,000 after acquiring an additional 14 shares during the period. Financial Advantage Inc. purchased a new position in Amazon.com during the 4th quarter valued at about $45,000. Contravisory Investment Management Inc. lifted its position in Amazon.com by 112.5% during the 4th quarter. Contravisory Investment Management Inc. now owns 34 shares of the e-commerce giant’s stock valued at $51,000 after acquiring an additional 18 shares during the period. Finally, O Brien Wealth Partners LLC lifted its position in Amazon.com by 104.8% during the 4th quarter. O Brien Wealth Partners LLC now owns 43 shares of the e-commerce giant’s stock valued at $72,000 after acquiring an additional 22 shares during the period. 55.47% of the stock is currently owned by hedge funds and other institutional investors.

Shares of AMZN opened at $2,011.00 on Friday. The company’s 50-day moving average is $1,872.60. The company has a market cap of $990.08 billion, a price-to-earnings ratio of 99.85, a price-to-earnings-growth ratio of 2.29 and a beta of 1.57. The company has a debt-to-equity ratio of 0.48, a current ratio of 1.09 and a quick ratio of 0.83. Amazon.com has a 1-year low of $1,307.00 and a 1-year high of $2,050.50.

Amazon.com (NASDAQ:AMZN) last announced its earnings results on Thursday, April 25th. The e-commerce giant reported $7.09 earnings per share for the quarter, beating analysts’ consensus estimates of $4.61 by $2.48. The firm had revenue of $59.70 billion for the quarter, compared to analyst estimates of $59.73 billion. Amazon.com had a net margin of 4.97% and a return on equity of 28.91%. The company’s revenue for the quarter was up 17.0% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $3.27 EPS. As a group, sell-side analysts expect that Amazon.com will post 26.55 earnings per share for the current fiscal year.

Amazon.com Company Profile

Amazon.com, Inc engages in the retail sale of consumer products and subscriptions in North America and internationally. The company operates through three segments: North America, International, and Amazon Web Services (AWS) segments. It sells merchandise and content purchased for resale from third-party sellers through physical stores and online stores.

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