Amazon.com, Inc. (NASDAQ:AMZN) Short Interest Up 8.9% in March

Amazon.com, Inc. (NASDAQ:AMZN) was the target of a large growth in short interest in the month of March. As of March 15th, there was short interest totalling 72,820,000 shares, a growth of 8.9% from the February 29th total of 66,870,000 shares. Based on an average trading volume of 43,360,000 shares, the short-interest ratio is presently 1.7 days.

Insider Buying and Selling at Amazon.com

In other news, Director Jonathan Rubinstein sold 5,556 shares of the stock in a transaction that occurred on Monday, March 4th. The shares were sold at an average price of $180.00, for a total value of $1,000,080.00. Following the transaction, the director now owns 109,664 shares in the company, valued at approximately $19,739,520. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In related news, CEO Adam Selipsky sold 500 shares of Amazon.com stock in a transaction on Thursday, January 4th. The shares were sold at an average price of $145.63, for a total transaction of $72,815.00. Following the transaction, the chief executive officer now owns 118,560 shares in the company, valued at approximately $17,265,892.80. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director Jonathan Rubinstein sold 5,556 shares of Amazon.com stock in a transaction on Monday, March 4th. The shares were sold at an average price of $180.00, for a total transaction of $1,000,080.00. Following the transaction, the director now owns 109,664 shares in the company, valued at approximately $19,739,520. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 32,210,510 shares of company stock worth $5,505,223,106. Company insiders own 12.30% of the company’s stock.

Institutional Investors Weigh In On Amazon.com

Hedge funds and other institutional investors have recently bought and sold shares of the company. King Wealth lifted its position in Amazon.com by 4.6% during the second quarter. King Wealth now owns 29,352 shares of the e-commerce giant’s stock valued at $3,826,000 after acquiring an additional 1,296 shares during the last quarter. Ascension Asset Management LLC purchased a new position in shares of Amazon.com in the second quarter worth $2,001,000. Register Financial Advisors LLC raised its holdings in shares of Amazon.com by 14.3% in the third quarter. Register Financial Advisors LLC now owns 5,263 shares of the e-commerce giant’s stock worth $669,000 after buying an additional 657 shares during the last quarter. Wedge Capital Management L L P NC raised its holdings in shares of Amazon.com by 1.0% in the third quarter. Wedge Capital Management L L P NC now owns 14,613 shares of the e-commerce giant’s stock worth $1,858,000 after buying an additional 148 shares during the last quarter. Finally, Westchester Capital Management Inc. raised its holdings in shares of Amazon.com by 0.6% in the second quarter. Westchester Capital Management Inc. now owns 28,246 shares of the e-commerce giant’s stock worth $3,682,000 after buying an additional 170 shares during the last quarter. Hedge funds and other institutional investors own 72.20% of the company’s stock.

Analyst Ratings Changes

A number of research firms recently weighed in on AMZN. BMO Capital Markets began coverage on shares of Amazon.com in a research note on Tuesday, January 9th. They set an “outperform” rating and a $200.00 target price on the stock. Royal Bank of Canada lifted their target price on shares of Amazon.com from $180.00 to $215.00 and gave the company an “outperform” rating in a research note on Friday, February 2nd. TD Cowen lifted their target price on shares of Amazon.com from $200.00 to $225.00 and gave the company an “outperform” rating in a research note on Friday, February 2nd. Piper Sandler lifted their target price on shares of Amazon.com from $185.00 to $205.00 and gave the company an “overweight” rating in a research note on Friday, February 2nd. Finally, Needham & Company LLC lifted their target price on shares of Amazon.com from $175.00 to $205.00 and gave the company a “buy” rating in a research note on Friday, February 2nd. One analyst has rated the stock with a hold rating, forty-three have issued a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Buy” and an average price target of $198.09.

View Our Latest Stock Analysis on AMZN

Amazon.com Price Performance

Shares of AMZN opened at $180.69 on Wednesday. The company has a 50 day moving average price of $171.85 and a 200-day moving average price of $152.11. Amazon.com has a fifty-two week low of $97.71 and a fifty-two week high of $183.00. The stock has a market capitalization of $1.88 trillion, a PE ratio of 62.31, a PEG ratio of 1.57 and a beta of 1.16. The company has a debt-to-equity ratio of 0.29, a quick ratio of 0.84 and a current ratio of 1.05.

Amazon.com (NASDAQ:AMZNGet Free Report) last announced its quarterly 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. Amazon.com had a net margin of 5.29% and a return on equity of 16.61%. The firm had revenue of $169.96 billion during the quarter, compared to analysts’ expectations of $165.96 billion. During the same quarter in the prior year, the company earned $0.21 EPS. The company’s revenue was up 13.9% compared to the same quarter last year. Equities analysts predict that Amazon.com will post 4.08 earnings per share for the current fiscal year.

Amazon.com Company Profile

(Get Free Report)

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.

Featured Stories

Receive News & Ratings for Amazon.com Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Amazon.com and related companies with MarketBeat.com's FREE daily email newsletter.