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

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

Analyst Ratings Changes

A number of equities research analysts have commented on the company. Wedbush reiterated an "outperform" rating and issued a $225.00 price target on shares of Amazon.com in a research note on Friday, August 2nd. JPMorgan Chase & Co. reduced their price objective on Amazon.com from $240.00 to $230.00 and set an "overweight" rating for the company in a research note on Friday, August 2nd. Truist Financial raised their price objective on Amazon.com from $230.00 to $265.00 and gave the stock a "buy" rating in a research note on Monday, September 30th. Wells Fargo & Company cut Amazon.com from an "overweight" rating to an "equal weight" rating and reduced their price objective for the stock from $225.00 to $183.00 in a research note on Monday, October 7th. Finally, Evercore ISI restated an "outperform" rating and issued a $240.00 price objective on shares of Amazon.com in a research note on Friday, October 11th. Two equities research analysts have rated the stock with a hold rating, forty-two have issued a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $236.76.

Amazon.com Trading Up 1.7 %

Amazon.com stock traded up $3.33 during trading on Wednesday, reaching $194.16. 17,218,850 shares of the company were exchanged, compared to its average volume of 40,793,738. Amazon.com has a 52-week low of $131.71 and a 52-week high of $201.20. The company has a debt-to-equity ratio of 0.23, a current ratio of 1.10 and a quick ratio of 0.88. The company has a market capitalization of $2.04 trillion, a P/E ratio of 46.24, a PEG ratio of 1.38 and a beta of 1.14. The stock's 50 day simple moving average is $183.94 and its two-hundred day simple moving average is $183.57.

Amazon.com (NASDAQ:AMZN - Get Free Report) last posted its earnings results on Thursday, August 1st. The e-commerce giant reported $1.23 EPS for the quarter, beating analysts' consensus estimates of $1.05 by $0.18. Amazon.com had a return on equity of 21.39% and a net margin of 7.35%. The company had revenue of $147.98 billion for the quarter, compared to the consensus estimate of $148.63 billion. On average, equities research analysts expect that Amazon.com will post 4.85 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, SVP David Zapolsky sold 2,190 shares of the company's stock in a transaction on Tuesday, September 24th. The stock was sold at an average price of $195.00, for a total transaction of $427,050.00. Following the completion of the sale, the senior vice president now directly owns 62,420 shares in the company, valued at $12,171,900. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this link. In other Amazon.com news, CEO Andrew R. Jassy sold 20,784 shares of the stock in a transaction dated Wednesday, August 21st. The stock was sold at an average price of $180.77, for a total value of $3,757,123.68. Following the completion of the sale, the chief executive officer now directly owns 2,056,534 shares in the company, valued at approximately $371,759,651.18. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, SVP David Zapolsky sold 2,190 shares of the stock in a transaction dated Tuesday, September 24th. The shares were sold at an average price of $195.00, for a total value of $427,050.00. Following the completion of the sale, the senior vice president now owns 62,420 shares of the company's stock, valued at approximately $12,171,900. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 54,355 shares of company stock worth $9,877,423 in the last three months. 10.80% of the stock is owned by insiders.

Institutional Investors Weigh In On Amazon.com

Institutional investors have recently modified their holdings of the company. PayPay Securities Corp grew its stake in shares of Amazon.com by 64.6% in the second quarter. PayPay Securities Corp now owns 163 shares of the e-commerce giant's stock valued at $32,000 after buying an additional 64 shares in the last quarter. Hoese & Co LLP acquired a new stake in shares of Amazon.com in the third quarter valued at $37,000. Bull Oak Capital LLC acquired a new stake in shares of Amazon.com in the third quarter valued at $45,000. Christopher J. Hasenberg Inc grew its stake in shares of Amazon.com by 650.0% in the second quarter. Christopher J. Hasenberg Inc now owns 300 shares of the e-commerce giant's stock valued at $58,000 after buying an additional 260 shares in the last quarter. Finally, Values First Advisors Inc. acquired a new stake in shares of Amazon.com in the third quarter valued at $56,000. 72.20% of the stock is owned by institutional investors and hedge funds.

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.