Amazon.com, Inc. (NASDAQ:AMZN) Sees Large Growth in Short Interest

Amazon.com, Inc. (NASDAQ:AMZN) saw a significant growth in short interest in April. As of April 15th, there was short interest totalling 75,730,000 shares, a growth of 7.3% from the March 31st total of 70,550,000 shares. Based on an average daily trading volume, of 42,200,000 shares, the short-interest ratio is currently 1.8 days.

Insider Buying and Selling

In other news, CEO Adam Selipsky sold 500 shares of the company’s stock in a transaction that occurred on Thursday, April 18th. The stock was sold at an average price of $181.38, for a total transaction of $90,690.00. Following the sale, the chief executive officer now directly owns 130,600 shares of the company’s stock, valued at approximately $23,688,228. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other Amazon.com news, CEO Douglas J. Herrington sold 3,500 shares of the company’s stock in a transaction that occurred on Monday, April 1st. The stock was sold at an average price of $180.73, for a total transaction of $632,555.00. Following the sale, the chief executive officer now directly owns 512,858 shares in the company, valued at $92,688,826.34. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CEO Adam Selipsky sold 500 shares of the firm’s stock in a transaction that occurred on Thursday, April 18th. The shares were sold at an average price of $181.38, for a total value of $90,690.00. Following the completion of the sale, the chief executive officer now directly owns 130,600 shares of the company’s stock, valued at $23,688,228. The disclosure for this sale can be found here. Over the last three months, insiders have sold 32,214,010 shares of company stock worth $5,505,889,146. Corporate insiders own 10.80% of the company’s stock.

Hedge Funds Weigh In On Amazon.com

Several hedge funds have recently made changes to their positions in AMZN. Caprock Group LLC grew its stake in Amazon.com by 2.1% during the 1st quarter. Caprock Group LLC now owns 180,916 shares of the e-commerce giant’s stock valued at $32,634,000 after purchasing an additional 3,771 shares during the last quarter. Navis Wealth Advisors LLC boosted its position in Amazon.com by 6.7% in the 1st quarter. Navis Wealth Advisors LLC now owns 4,168 shares of the e-commerce giant’s stock worth $752,000 after purchasing an additional 261 shares in the last quarter. Hutchens & Kramer Investment Management Group LLC grew its stake in shares of Amazon.com by 4.4% during the 1st quarter. Hutchens & Kramer Investment Management Group LLC now owns 13,460 shares of the e-commerce giant’s stock worth $2,436,000 after purchasing an additional 572 shares during the period. SkyOak Wealth LLC lifted its stake in shares of Amazon.com by 1.5% in the 1st quarter. SkyOak Wealth LLC now owns 32,236 shares of the e-commerce giant’s stock valued at $5,815,000 after purchasing an additional 488 shares during the period. Finally, Madison Wealth Partners Inc boosted its holdings in Amazon.com by 0.9% during the first quarter. Madison Wealth Partners Inc now owns 17,665 shares of the e-commerce giant’s stock worth $3,186,000 after buying an additional 153 shares in the last quarter. 72.20% of the stock is owned by institutional investors and hedge funds.

Amazon.com Price Performance

Shares of NASDAQ AMZN opened at $180.96 on Tuesday. Amazon.com has a fifty-two week low of $101.15 and a fifty-two week high of $189.77. The company has a debt-to-equity ratio of 0.29, a quick ratio of 0.84 and a current ratio of 1.05. The company has a market cap of $1.88 trillion, a PE ratio of 62.40, a P/E/G ratio of 1.55 and a beta of 1.17. The business has a 50-day simple moving average of $178.22 and a two-hundred day simple moving average of $159.32.

Amazon.com (NASDAQ:AMZN) last released its earnings results on Thursday, February 1st. The e-commerce giant reported $1.00 earnings per share for the quarter, topping the consensus estimate of $0.81 by $0.19. The company had revenue of $169.96 billion for the quarter, compared to the consensus estimate of $165.96 billion. Amazon.com had a net margin of 5.29% and a return on equity of 16.61%. Amazon.com’s revenue was up 13.9% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.21 EPS. As a group, equities analysts expect that Amazon.com will post 4.11 EPS for the current fiscal year.

Analyst Ratings Changes

AMZN has been the subject of a number of analyst reports. Susquehanna raised their price target on Amazon.com from $185.00 to $220.00 and gave the stock a “positive” rating in a research report on Friday, February 2nd. Oppenheimer lifted their price target on shares of Amazon.com from $200.00 to $210.00 and gave the stock an “outperform” rating in a research note on Friday, February 2nd. Canaccord Genuity Group increased their price objective on shares of Amazon.com from $185.00 to $200.00 and gave the stock a “buy” rating in a research report on Friday, February 2nd. Wolfe Research raised their price objective on shares of Amazon.com from $195.00 to $205.00 and gave the stock an “outperform” rating in a research note on Friday, February 2nd. Finally, Evercore ISI upped their target price on Amazon.com from $195.00 to $220.00 and gave the company an “outperform” rating in a research note on Friday, February 2nd. One equities research analyst has rated the stock with a hold rating, forty-four have assigned a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Buy” and a consensus price target of $205.13.

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.