Amazon.com, Inc. (NASDAQ:AMZN) saw a significant increase in short selling in December. As of December 15, there were a total of 74,580,000 shares shorted, up 10.2% from the November 30 total of 67.68 million shares. Based on an average trading volume of 79,590,000 shares, the ratio of days covered is currently 0.9 days.
Insider activity on Amazon.com
In related news, VP Shelley Reynolds sold 3,500 shares in a transaction that took place on Monday, November 21st. The shares sold for an average of $94.00 for a total of $329,000.00. After the transaction, Vice President now owns 119,780 shares of the company stock valued at $11,259,320. The sale is disclosed in legal documents to the SEC, which can be accessed on her website. In another Amazon.com news, CEO Douglas J. Herrington sold 7,456 shares of the company in a transaction that took place on Monday, November 21st. The shares sold at an average price of $94.00 for a total transaction value of $700,864.00. After the transaction, the CEO now owns his 533,435 shares in the company, valued at approximately $50,142,890. The sale is disclosed in documents filed with the Securities and Exchange Commission and available on his website at the SEC. VP Shelley Reynolds also sold 3,500 shares of the company in a transaction on Monday, November 21st. The shares sold at an average price of $94.00 for a total transaction value of $329,000.00. Following the closing of the transaction, Vice President now directly owns 119,780 shares of the Company’s stock valued at approximately $11,259,320. Please see here for the disclosure of this sale. An insider said last quarter he sold 302,948 shares of company stock worth $11,038,422. 12.70% of the shares are owned by internal persons.
Amazon.com Institutional Trading
Many large investors have recently changed positions in the company. TD Capital Management LLC increased his Amazon.com holding by 6.3% in the first quarter. He now owns 84 shares of the e-commerce giant worth $274,000 after TD Capital Management LLC bought five more shares of him last quarter. Meridian Investment Counsel Inc. boosted his position on Amazon.com by 3.4% in the first quarter. Meridian Investment Counsel Inc. now owns 151 shares of the e-commerce giant worth $492,000 after acquiring five more shares during the previous quarter. Alterna Wealth Management Inc. increased his Amazon.com stake by 1.8% in the first quarter. Alterna Wealth Management Inc. now owns 289 shares of the e-commerce giant worth $942,000 after acquiring 5 more shares last quarter. Fiduciary Planning LLC increased its stake in Amazon.com by 1.5% in the first quarter. Fiduciary Planning LLC now owns 349 shares of the e-commerce giant worth $1,138,000 after purchasing an additional 5 shares last quarter. Finally, HBC Financial Services PLLC increased its position in Amazon.com stock by 0.8% in the first quarter. HBC Financial Services PLLC now owns 616 shares of the e-commerce giant valued at $1,717,000 after purchasing an additional 5 shares last quarter. 57.64% of the shares are currently owned by hedge funds and other institutional investors.
Amazon.com deals drop 0.2%
Shares of AMZN shares opened at $84.00 on Monday. Amazon.com has a 52-week low of $81.69 and a 52-week high of $171.40. The company has a 50-day moving average price of $93.44 and a 200-day moving average price of $112.17. The stock has a market capitalization of $856.94 billion, a PER of 77.10, a price/earnings ratio of 6.05, and a beta of 1.22. The company has an equity ratio of 0.43, a quick ratio of 0.68 and a current ratio of 0.94.
Amazon.com (NASDAQ:AMZN – Get Rating) last released its quarterly earnings data on Thursday, October 27. The e-commerce giant reported earnings of $0.20 per share for the quarter, missing analyst consensus expectations of $0.22 ($0.02). Amazon.com had a return on equity of 14.44% and a net profit margin of 2.25%. The company posted $127.1 billion in revenue for the quarter, compared to analyst expectations of $127.47 billion. His EPS for the same period last year was $0.31. The company’s revenue increased by 14.7% compared to the same quarter last year. An equity research analyst expects Amazon.com to see his EPS of 0.69 this year.
Analyst upgrades and downgrades
Many analysts have commented on the company. Rosenblatt Securities lowered its price target on Amazon.com from $118.00 to $103.00 and gave the stock a Neutral rating in its research notes on Monday, November 14th. Jefferies Financial Group lowered its price target on Amazon.com stock from $165.00 to $135.00 and gave the stock a Buy rating in a report on Friday, October 28. Moffett Nathanson began reporting on Amazon.com stock in a research note on Tuesday, November 15th. They gave the company an “Outperform” rating and his $118.00 price target. Sanford C. Bernstein lowered his price target for Amazon.com stock from his $150.00 to $125.00 and set an “outperform” rating on the stock in a research note on Friday, Oct. 28. did. Finally, Barclays lowered its price target on Amazon.com shares from his $200.00 to $140.00 and set the company’s rating to ‘overweight’ in his Friday 28th October research report. Two analysts rated the stock with a sell rating, three assigned a hold rating, and 41 issued a buy rating to the company. According to MarketBeat, the stock currently has an average rating of “moderate buy” and a consensus target price of $148.65.
About Amazon
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Amazon.com, Inc is a retailer of consumer products and subscriptions in North America and internationally. The company operates in his three segments: North America, International, and Amazon Web Services (AWS). We sell merchandise and content purchased for resale from third-party sellers through our physical and online stores.
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