Short Interest in Amazon.com, Inc. (NASDAQ:AMZN) Declines By 14.8%

Amazon.com, Inc. (NASDAQ:AMZN) was the target of a significant decrease in short interest during the month of April. As of April 30th, there was short interest totalling 64,490,000 shares, a decrease of 14.8% from the April 15th total of 75,730,000 shares. Based on an average daily volume of 41,510,000 shares, the short-interest ratio is currently 1.6 days.

Analyst Ratings Changes

AMZN has been the topic of a number of analyst reports. Rosenblatt Securities reissued a "buy" rating and set a $220.00 target price on shares of Amazon.com in a report on Wednesday, May 1st. Argus boosted their price objective on Amazon.com from $185.00 to $205.00 and gave the company a "buy" rating in a research note on Thursday, May 2nd. BMO Capital Markets raised their target price on Amazon.com from $215.00 to $220.00 and gave the stock an "outperform" rating in a research note on Wednesday, May 1st. Piper Sandler lifted their target price on Amazon.com from $205.00 to $220.00 and gave the company an "overweight" rating in a report on Wednesday, May 1st. Finally, Deutsche Bank Aktiengesellschaft raised their price objective on shares of Amazon.com from $175.00 to $200.00 and gave the company a "buy" rating in a research report on Friday, February 2nd. One investment analyst has rated the stock with a hold rating, forty-four have given a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the company presently has an average rating of "Buy" and a consensus price target of $211.62.

Amazon.com Trading Up 0.3 %

Shares of Amazon.com stock traded up $0.50 during midday trading on Tuesday, reaching $187.07. 38,586,204 shares of the company's stock traded hands, compared to its average volume of 43,467,406. The stock has a 50 day moving average of $180.52 and a 200-day moving average of $163.43. Amazon.com has a 12 month low of $109.25 and a 12 month high of $191.70. The company has a market cap of $1.95 trillion, a PE ratio of 52.40, a price-to-earnings-growth ratio of 1.36 and a beta of 1.15. The company has a debt-to-equity ratio of 0.27, a quick ratio of 0.87 and a current ratio of 1.07.

Amazon.com (NASDAQ:AMZN - Get Free Report) last issued its quarterly earnings data on Tuesday, April 30th. The e-commerce giant reported $0.98 EPS for the quarter, topping the consensus estimate of $0.83 by $0.15. The business had revenue of $143.31 billion during the quarter, compared to analyst estimates of $142.65 billion. Amazon.com had a net margin of 6.38% and a return on equity of 19.86%. The company's revenue for the quarter was up 12.5% on a year-over-year basis. During the same period in the prior year, the business earned $0.31 EPS. As a group, equities analysts expect that Amazon.com will post 4.67 EPS for the current fiscal year.

Insider Activity at Amazon.com

In other Amazon.com news, VP Shelley Reynolds sold 3,100 shares of the business's stock in a transaction on Wednesday, February 21st. The stock was sold at an average price of $168.97, for a total value of $523,807.00. Following the sale, the vice president now directly owns 119,780 shares in the company, valued at $20,239,226.60. The sale was disclosed in a filing with the SEC, which is accessible through this link. In related news, VP Shelley Reynolds sold 3,100 shares of Amazon.com stock in a transaction dated Wednesday, February 21st. The stock was sold at an average price of $168.97, for a total value of $523,807.00. Following the completion of the sale, the vice president now owns 119,780 shares of the company's stock, valued at approximately $20,239,226.60. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, insider Jeffrey P. Bezos sold 2,009,208 shares of the business's stock in a transaction dated Tuesday, February 20th. The shares were sold at an average price of $166.79, for a total value of $335,115,802.32. Following the completion of the sale, the insider now owns 938,251,817 shares in the company, valued at $156,491,020,557.43. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 14,180,094 shares of company stock worth $2,399,652,430. Insiders own 10.80% of the company's stock.

Institutional Trading of Amazon.com

Several institutional investors and hedge funds have recently bought and sold shares of the stock. Guardian Capital LP raised its position in shares of Amazon.com by 9.4% in the 1st quarter. Guardian Capital LP now owns 24,650 shares of the e-commerce giant's stock worth $4,446,000 after acquiring an additional 2,120 shares in the last quarter. Biltmore Family Office LLC lifted its position in Amazon.com by 0.3% during the first quarter. Biltmore Family Office LLC now owns 18,804 shares of the e-commerce giant's stock valued at $3,392,000 after buying an additional 58 shares during the period. Westwood Holdings Group Inc. grew its position in shares of Amazon.com by 10.0% in the 1st quarter. Westwood Holdings Group Inc. now owns 257,214 shares of the e-commerce giant's stock worth $46,396,000 after buying an additional 23,287 shares during the period. JT Stratford LLC increased its stake in shares of Amazon.com by 34.8% in the 1st quarter. JT Stratford LLC now owns 44,578 shares of the e-commerce giant's stock worth $8,041,000 after acquiring an additional 11,507 shares in the last quarter. Finally, Capital World Investors lifted its position in Amazon.com by 64.6% during the 1st quarter. Capital World Investors now owns 29,359,677 shares of the e-commerce giant's stock valued at $5,295,899,000 after acquiring an additional 11,524,463 shares during the period. 72.20% of the stock is currently owned by hedge funds and other institutional investors.

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.