Amazon.com, Inc. (NASDAQ:AMZN) Short Interest Down 9.4% in October

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

Insider Transactions at Amazon.com

In other news, CFO Brian T. Olsavsky sold 14,600 shares of the firm's stock in a transaction that occurred 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 approximately $8,820,000. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. In related news, CFO Brian T. Olsavsky sold 14,600 shares of Amazon.com stock in a transaction that occurred 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 trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Also, SVP David Zapolsky sold 2,190 shares of Amazon.com stock in a transaction that occurred on Tuesday, September 24th. The shares were sold at an average price of $195.00, for a total transaction of $427,050.00. Following the transaction, the senior vice president now directly owns 62,420 shares in the company, valued at approximately $12,171,900. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 54,355 shares of company stock valued at $9,877,423. 10.80% of the stock is currently owned by company insiders.

Institutional Trading of Amazon.com

A number of hedge funds have recently bought and sold shares of the business. Bailard Inc. raised its holdings in Amazon.com by 2.1% in the 3rd quarter. Bailard Inc. now owns 266,159 shares of the e-commerce giant's stock valued at $49,593,000 after acquiring an additional 5,470 shares during the last quarter. HF Advisory Group LLC raised its holdings in Amazon.com by 4.2% in the 3rd quarter. HF Advisory Group LLC now owns 20,387 shares of the e-commerce giant's stock valued at $3,799,000 after acquiring an additional 819 shares during the last quarter. Crescent Grove Advisors LLC raised its holdings in Amazon.com by 5.7% in the 3rd quarter. Crescent Grove Advisors LLC now owns 21,151 shares of the e-commerce giant's stock valued at $3,941,000 after acquiring an additional 1,140 shares during the last quarter. JFG Wealth Management LLC raised its holdings in Amazon.com by 56.2% in the 3rd quarter. JFG Wealth Management LLC now owns 5,859 shares of the e-commerce giant's stock valued at $1,092,000 after acquiring an additional 2,107 shares during the last quarter. Finally, Focused Wealth Management Inc raised its holdings in Amazon.com by 0.7% in the 3rd quarter. Focused Wealth Management Inc now owns 32,029 shares of the e-commerce giant's stock valued at $5,968,000 after acquiring an additional 207 shares during the last quarter. Institutional investors and hedge funds own 72.20% of the company's stock.

Amazon.com Price Performance

Shares of AMZN traded up $1.90 during mid-day trading on Wednesday, hitting $192.73. 37,405,420 shares of the company were exchanged, compared to its average volume of 40,888,320. Amazon.com has a 1-year low of $131.71 and a 1-year high of $201.20. The company has a debt-to-equity ratio of 0.23, a quick ratio of 0.88 and a current ratio of 1.10. The company has a 50 day moving average of $184.20 and a 200-day moving average of $183.64. The stock has a market cap of $2.02 trillion, a price-to-earnings ratio of 46.11, a price-to-earnings-growth ratio of 1.38 and a beta of 1.14.

Amazon.com (NASDAQ:AMZN - Get Free Report) last released its quarterly earnings results on Thursday, August 1st. The e-commerce giant reported $1.23 earnings per share for the quarter, topping 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 the consensus estimate of $148.63 billion. Analysts expect that Amazon.com will post 4.85 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

AMZN has been the topic of several research reports. JMP Securities reissued a "market outperform" rating and set a $265.00 price objective on shares of Amazon.com in a report on Tuesday, October 15th. Truist Financial lifted their price target on shares of Amazon.com from $230.00 to $265.00 and gave the stock a "buy" rating in a report on Monday, September 30th. The Goldman Sachs Group cut their price target on shares of Amazon.com from $250.00 to $230.00 and set a "buy" rating on the stock in a report on Friday, August 2nd. Stifel Nicolaus cut their price target on shares of Amazon.com from $228.00 to $224.00 and set a "buy" rating on the stock in a report on Friday, August 2nd. Finally, Telsey Advisory Group reaffirmed an "outperform" rating and issued a $215.00 price target on shares of Amazon.com in a report 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 given a strong buy rating to the company. According to data from MarketBeat, Amazon.com currently has an average rating of "Moderate Buy" and an average target price of $236.76.

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.