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

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Amazon.com, Inc. (NASDAQ:AMZN) was the target of a significant decrease in short interest in the month of 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. Currently, 0.7% of the shares of the stock are short sold. Based on an average daily volume of 3,960,000 shares, the days-to-cover ratio is currently 0.7 days.

Several equities analysts have recently commented on AMZN shares. Pivotal Research started coverage on shares of SRC Energy in a report on Wednesday, May 29th. They issued a “buy” rating and a $37.29 target price on the stock. Oppenheimer started coverage on shares of Pareteum in a report on Friday, April 26th. They issued an “outperform” rating and a $7.00 target price on the stock. DA Davidson reissued a “neutral” rating on shares of IDEX in a report on Friday, April 26th. JPMorgan Chase & Co. set a €118.00 ($137.21) target price on shares of Deutsche Boerse and gave the stock a “neutral” rating in a report on Monday, April 29th. Finally, ValuEngine downgraded shares of Zumiez from a “hold” rating to a “sell” rating in a report on Tuesday, July 2nd. Three investment analysts have rated the stock with a hold rating and forty-five have issued a buy rating to the stock. The company presently has a consensus rating of “Buy” and a consensus target price of $2,196.39.

In other Amazon.com news, insider David Zapolsky sold 763 shares of the company’s stock in a transaction that occurred on Wednesday, July 10th. The shares were sold at an average price of $2,000.00, for a total value of $1,526,000.00. Following the completion of the transaction, the insider now directly owns 2,698 shares in the company, valued at $5,396,000. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CEO Andrew R. Jassy sold 7,308 shares of the company’s 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 transaction, the chief executive officer now owns 92,614 shares of the company’s stock, valued at $185,228,000. The disclosure for this sale can be found here. Over the last quarter, insiders sold 18,993 shares of company stock valued at $36,698,207. Company 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 stake in shares of Amazon.com in the fourth quarter valued at $33,000. Spence Asset Management raised its stake in shares of Amazon.com by 127.3% in the fourth 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 stake in shares of Amazon.com in the fourth quarter valued at $45,000. Contravisory Investment Management Inc. raised its stake in shares of Amazon.com by 112.5% in the fourth 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 raised its stake in shares of Amazon.com by 104.8% in the fourth 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 institutional investors and hedge funds.

Shares of AMZN opened at $2,011.00 on Friday. Amazon.com has a twelve month low of $1,307.00 and a twelve month high of $2,050.50. The stock has a market capitalization of $990.08 billion, a P/E ratio of 99.85, a P/E/G ratio of 2.29 and a beta of 1.57. The company has a current ratio of 1.09, a quick ratio of 0.83 and a debt-to-equity ratio of 0.48. The company has a fifty day moving average price of $1,872.60.

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 the Thomson Reuters’ consensus estimate of $4.61 by $2.48. Amazon.com had a net margin of 4.97% and a return on equity of 28.91%. The business had revenue of $59.70 billion for the quarter, compared to the consensus estimate of $59.73 billion. During the same quarter in the prior year, the firm posted $3.27 earnings per share. The business’s revenue for the quarter was up 17.0% on a year-over-year basis. As a group, sell-side analysts forecast that Amazon.com will post 26.55 EPS for the current 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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