Short-term interest update from Amazon.com, Inc. (NASDAQ: AMZN)
Amazon.com, Inc. (NASDAQ: AMZN) was the beneficiary of a sharp drop in short-term interest in December. As of December 15, there was overdraft interest totaling 3,600,000 shares, a decrease of 23.1% from the total of 4,680,000 shares as of November 30. Based on an average daily volume of 3,240,000 shares, the day / hedge ratio is currently 1.1 days. About 0.8% of stocks are sold short.
Separately, insider Jeffrey P. Bezos sold 50,034 shares in a trade on Tuesday, November 2. The stock was sold for an average price of $ 3,319.45, for a total trade of $ 166,085,361.30. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Adam selipsky sold 34 shares of the company in a transaction dated Wednesday, Jan.5. The shares were sold for an average price of $ 3,337.66, for a total value of $ 113,480.44. Disclosure of this sale can be found here. In the past ninety days, insiders have sold 86,314 shares of the company valued at $ 292,824,570. 14.00% of the shares are currently held by insiders of the company.
A number of large investors have recently changed their holdings in the company. Cullinan Associates Inc. increased its stake in Amazon.com by 9.5% in the 4th quarter. Cullinan Associates Inc. now owns 6,349 shares of the e-commerce giant valued at $ 21,170,000 after acquiring 549 additional shares during the period. McAdam LLC strengthened its position in Amazon.com shares by 1.4% in the 4th quarter. McAdam LLC now owns 638 shares of the e-commerce giant valued at $ 2,128,000 after acquiring 9 additional shares in the last quarter. M&R Capital Management Inc. strengthened its position in Amazon.com shares by 3.4% during the 4th quarter. M&R Capital Management Inc. now owns 4,246 shares of the e-commerce giant valued at $ 14,157,000 after acquiring 138 additional shares in the last quarter. Vigilare Wealth Management increased its stake in Amazon.com by 1.4% in the 4th quarter. Vigilare Wealth Management now owns 1,580 shares of the e-commerce giant valued at $ 5,268,000 after purchasing 22 additional shares in the last quarter. Finally, Future Financial Wealth Managment LLC increased its stake in Amazon.com by 86.8% in the 4th quarter. Future Financial Wealth Management LLC now owns 269 shares of the e-commerce giant valued at $ 917,000 after buying 125 more shares in the last quarter. 57.48% of the shares are currently held by hedge funds and other institutional investors.
AMZN has been the subject of several analyst reports. Truist Securities raised its price target for Amazon.com stock from $ 3,800.00 to $ 4,000.00 and gave the stock a “buy” rating in a report released on Friday, October 29 . Raymond James reduced his price target on the Amazon.com stock from $ 3,900.00 to $ 3,840.00 and established an “outperformance” rating on the stock in a research report released on Friday 29 October. Piper Sandler lowered her price target on the Amazon.com stock from $ 3,904.00 to $ 3,875.00 and set an “overweight” rating on the stock in a report released on Friday, October 29. Robert W. Baird reissued an “outperformance” rating and issued a price target of $ 4,000.00 on Amazon.com shares in a report released on Monday, January 3. Finally, Mizuho lowered his price target on Amazon.com stock from $ 4,100.00 to $ 3,950.00 and set a “buy” rating on the stock in a research report on Friday. October 29. One research analyst rated the stock with a conservation rating and forty issued a buy rating for the stock. According to MarketBeat data, Amazon.com has a consensus rating of “Buy” and an average target price of $ 4,174.44.
NASDAQ: AMZN shares opened at $ 3,251.08 on Friday. The company has a market cap of $ 1.65 trillion, a P / E ratio of 63.60, a P / E / G ratio of 3.31, and a beta of 1.10. The stock’s 50-day moving average is $ 3,454.69 and its 200-day moving average is $ 3,436.16. Amazon.com has a 52-week low of $ 2,881.00 and a 52-week high of $ 3,773.08. The company has a debt to equity ratio of 0.42, a quick ratio of 0.87, and a current ratio of 1.12.
Amazon.com (NASDAQ: AMZN) last released its quarterly earnings data on Wednesday, October 27. The e-commerce giant reported earnings per share of $ 6.12 for the quarter, missing analyst consensus estimates of $ 9.10 per ($ 2.98). Amazon.com had a net margin of 5.73% and a return on equity of 24.31%. The company posted revenue of $ 110.81 billion for the quarter, compared to analysts’ estimates of $ 111.66 billion. During the same period of the previous year, the company posted earnings per share of $ 12.37. The company’s revenue for the quarter increased 15.3% from the same quarter last year. As a group, stock analysts predict that Amazon.com will post 40.79 EPS for the current year.
Amazon.com Company Profile
Amazon.com, Inc is engaged in the provision of online retail services. It operates in the following industries: North America, International and Amazon Web Services (AWS). The North America segment includes retail sales of consumer and subscription products through North American focused websites such as www.amazon.com and www.amazon.ca.
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