Amazon.com, Inc. (NASDAQ:AMZN) Short Interest Up 5.9% in May

Amazon.com, Inc. (NASDAQ:AMZN) was the target of a significant increase in short interest during the month of May. As of May 15th, there was short interest totalling 2,783,200 shares, an increase of 5.9% from the April 15th total of 2,628,600 shares. Based on an average daily volume of 4,310,000 shares, the short-interest ratio is currently 0.6 days. Currently, 0.7% of the shares of the stock are sold short.

In other news, CEO Andrew R. Jassy sold 7,308 shares of the business’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 transaction of $14,616,000.00. Following the sale, the chief executive officer now owns 92,614 shares in the company, valued at $185,228,000. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CFO Brian T. Olsavsky sold 1,763 shares of the business’s stock in a transaction that occurred on Wednesday, May 15th. The shares were sold at an average price of $1,828.48, for a total transaction of $3,223,610.24. Following the sale, the chief financial officer now owns 2,479 shares in the company, valued at approximately $4,532,801.92. The disclosure for this sale can be found here. Over the last three months, insiders have sold 18,993 shares of company stock valued at $36,698,207. Company insiders own 16.10% of the company’s stock.

A number of institutional investors and hedge funds have recently bought and sold shares of AMZN. E&G Advisors LP boosted its stake in shares of Amazon.com by 10.1% in the 2nd quarter. E&G Advisors LP now owns 1,111 shares of the e-commerce giant’s stock valued at $2,104,000 after purchasing an additional 102 shares during the last quarter. West Oak Capital LLC boosted its stake in shares of Amazon.com by 0.3% in the 2nd quarter. West Oak Capital LLC now owns 1,455 shares of the e-commerce giant’s stock valued at $2,755,000 after purchasing an additional 5 shares during the last quarter. Northstar Group Inc. boosted its stake in shares of Amazon.com by 28.8% in the 2nd quarter. Northstar Group Inc. now owns 3,500 shares of the e-commerce giant’s stock valued at $6,628,000 after purchasing an additional 783 shares during the last quarter. Welch & Forbes LLC boosted its stake in shares of Amazon.com by 10.8% in the 2nd quarter. Welch & Forbes LLC now owns 9,989 shares of the e-commerce giant’s stock valued at $18,915,000 after purchasing an additional 971 shares during the last quarter. Finally, Altman Advisors Inc. boosted its stake in shares of Amazon.com by 0.3% in the 2nd quarter. Altman Advisors Inc. now owns 1,962 shares of the e-commerce giant’s stock valued at $3,715,000 after purchasing an additional 6 shares during the last quarter. Hedge funds and other institutional investors own 55.47% of the company’s stock.

AMZN traded up $9.93 during midday trading on Friday, hitting $2,011.00. The company had a trading volume of 2,502,053 shares, compared to its average volume of 2,949,748. The company has a debt-to-equity ratio of 0.48, a current ratio of 1.09 and a quick ratio of 0.83. The company has a market capitalization of $990.08 billion, a P/E ratio of 99.85, a PEG ratio of 2.28 and a beta of 1.57. Amazon.com has a twelve month low of $1,307.00 and a twelve month high of $2,050.50. The firm has a 50-day moving average price of $1,872.60.

Amazon.com (NASDAQ:AMZN) last posted its quarterly earnings data on Thursday, April 25th. The e-commerce giant reported $7.09 earnings per share for the quarter, beating the consensus estimate of $4.61 by $2.48. The firm had revenue of $59.70 billion during the quarter, compared to analysts’ expectations of $59.73 billion. Amazon.com had a net margin of 4.97% and a return on equity of 28.91%. The company’s quarterly revenue was up 17.0% compared to the same quarter last year. During the same quarter last year, the company posted $3.27 EPS. On average, research analysts anticipate that Amazon.com will post 26.55 EPS for the current fiscal year.

AMZN has been the topic of several research reports. Benchmark reiterated a “hold” rating on shares of Western Digital in a research note on Friday, April 26th. UBS Group restated a “hold” rating and set a $7.80 price target on shares of Deutsche Bank in a research note on Friday, April 26th. DA Davidson restated a “neutral” rating on shares of IDEX in a research note on Friday, April 26th. Stifel Nicolaus restated a “buy” rating and set a $2,300.00 price target on shares of Amazon.com in a research note on Monday, April 22nd. Finally, Aegis restated a “buy” rating and set a $2,250.00 price target (up previously from $2,225.00) on shares of Amazon.com in a research note on Friday, April 26th. Three research analysts have rated the stock with a hold rating and forty-five have assigned a buy rating to the company. The stock presently has a consensus rating of “Buy” and a consensus target price of $2,196.39.

About Amazon.com

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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