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

Amazon.com, Inc. (NASDAQ:AMZN) was the target 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 short-interest ratio is presently 2.1 days.

Analyst Upgrades and Downgrades

AMZN has been the topic of a number of analyst reports. Jefferies Financial Group increased their price objective on Amazon.com from $225.00 to $235.00 and gave the company a “buy” rating in a research note on Friday, November 1st. TD Cowen raised their price target on shares of Amazon.com from $230.00 to $240.00 and gave the stock a “buy” rating in a research note on Friday, November 1st. DA Davidson reissued a “buy” rating and issued a $235.00 price objective on shares of Amazon.com in a research report on Thursday, October 10th. Maxim Group raised their target price on shares of Amazon.com from $251.00 to $260.00 and gave the stock a “buy” rating in a research report on Friday, November 1st. Finally, Morgan Stanley boosted their price target on Amazon.com from $210.00 to $230.00 and gave the company an “overweight” rating in a report on Monday, November 4th. Two investment analysts have rated the stock with a hold rating, forty have given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, Amazon.com presently has an average rating of “Moderate Buy” and an average price target of $235.45.

Amazon.com Stock Down 0.4 %

AMZN stock opened at $201.70 on Tuesday. 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 has a twelve month low of $141.50 and a twelve month high of $215.90. The firm has a 50 day simple moving average of $191.69 and a 200-day simple moving average of $185.93. The company has a market capitalization of $2.12 trillion, a P/E ratio of 43.19, a PEG ratio of 1.36 and a beta of 1.14.

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

Insider Activity

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

Institutional Investors Weigh In On Amazon.com

Several large investors have recently added to or reduced their stakes in AMZN. Semus Wealth Partners LLC raised its stake in Amazon.com by 0.3% during the 3rd quarter. Semus Wealth Partners LLC now owns 17,920 shares of the e-commerce giant’s stock valued at $3,339,000 after acquiring an additional 49 shares in the last quarter. Bell Investment Advisors Inc increased its stake in Amazon.com by 1.5% in the 3rd quarter. Bell Investment Advisors Inc now owns 3,359 shares of the e-commerce giant’s stock worth $626,000 after purchasing an additional 51 shares in the last quarter. Garrison Point Advisors LLC raised its holdings in shares of Amazon.com by 0.3% during the first quarter. Garrison Point Advisors LLC now owns 20,375 shares of the e-commerce giant’s stock valued at $3,675,000 after acquiring an additional 55 shares during the period. Meridian Investment Counsel Inc. lifted its stake in Amazon.com by 1.8% in the 2nd quarter. Meridian Investment Counsel Inc. now owns 3,076 shares of the e-commerce giant’s stock worth $594,000 after acquiring an additional 55 shares in the last quarter. Finally, O Connor Financial Group LLC increased its holdings in shares of Amazon.com by 2.2% in the 3rd quarter. O Connor Financial Group LLC now owns 2,536 shares of the e-commerce giant’s stock valued at $473,000 after purchasing an additional 55 shares during the period. 72.20% of the stock is owned by institutional investors and hedge funds.

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.