Amazon.com, Inc. (NASDAQ:AMZN) Short Interest Down 9.7% in June

Amazon.com, Inc. (NASDAQ:AMZN) was the recipient of a large drop in short interest in June. As of June 30th, there was short interest totalling 2,942,200 shares, a drop of 9.7% from the May 30th total of 3,259,800 shares. Approximately 0.7% of the company’s 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.

Shares of AMZN opened at $2,001.07 on Friday. The stock’s 50-day moving average price is $1,868.61. Amazon.com has a one year low of $1,307.00 and a one year high of $2,050.50. 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 firm has a market cap of $996.38 billion, a PE ratio of 99.36, a P/E/G ratio of 2.21 and a beta of 1.57.

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

AMZN has been the subject of a number of recent analyst reports. JPMorgan Chase & Co. set a €118.00 ($137.21) price objective on Deutsche Boerse and gave the stock a “neutral” rating in a research report on Monday, April 29th. Stifel Nicolaus reissued a “buy” rating and issued a $2,300.00 price objective on shares of Amazon.com in a research report on Monday, April 22nd. Loop Capital initiated coverage on TENCENT HOLDING/ADR in a research report on Monday, June 3rd. They issued a “buy” rating for the company. Oppenheimer initiated coverage on Pareteum in a research report on Friday, April 26th. They issued an “outperform” rating and a $7.00 price objective for the company. Finally, Evercore ISI initiated coverage on Polarityte in a research report on Wednesday, March 20th. They issued an “outperform” rating and a $26.00 price objective for the company. Three equities research analysts have rated the stock with a hold rating and forty-five have assigned a buy rating to the stock. Amazon.com presently has a consensus rating of “Buy” and an average target price of $2,196.39.

In other news, CEO Jeffrey A. Wilke sold 2,500 shares of the firm’s stock in a transaction on Wednesday, May 8th. The stock was sold at an average price of $1,926.29, for a total value of $4,815,725.00. Following the completion of the sale, the chief executive officer now owns 10,000 shares of the company’s stock, valued at approximately $19,262,900. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Jeffrey A. Wilke sold 1,900 shares of the firm’s stock in a transaction on Tuesday, May 14th. The stock was sold at an average price of $1,848.11, for a total value of $3,511,409.00. Following the completion of the sale, the chief executive officer now directly owns 10,000 shares of the company’s stock, valued at approximately $18,481,100. The disclosure for this sale can be found here. Insiders sold a total of 10,922 shares of company stock valued at $20,556,207 in the last three months. Insiders own 16.10% of the company’s stock.

Hedge funds have recently modified their holdings of the company. Weiss Asset Management LP acquired a new position in shares of Amazon.com in the 1st quarter valued at about $214,000. Corundum Group Inc. purchased a new position in shares of Amazon.com in the 4th quarter valued at about $888,000. Allstate Corp increased its stake in shares of Amazon.com by 18.8% in the 1st quarter. Allstate Corp now owns 29,354 shares of the e-commerce giant’s stock valued at $52,272,000 after purchasing an additional 4,641 shares in the last quarter. Belpointe Asset Management LLC increased its stake in shares of Amazon.com by 20.5% in the 1st quarter. Belpointe Asset Management LLC now owns 5,721 shares of the e-commerce giant’s stock valued at $10,187,000 after purchasing an additional 975 shares in the last quarter. Finally, Lodestar Investment Counsel LLC IL increased its stake in shares of Amazon.com by 60.6% in the 4th quarter. Lodestar Investment Counsel LLC IL now owns 959 shares of the e-commerce giant’s stock valued at $1,440,000 after purchasing an additional 362 shares in the last quarter. 55.47% 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 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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