Amazon.com, Inc. (NASDAQ:AMZN) Sees Large Growth in Short Interest
Amazon.com, Inc. (NASDAQ:AMZN) saw a significant growth in short interest in July. As of July 31st, there was short interest totalling 3,667,500 shares, a growth of 9.2% from the June 30th total of 3,357,300 shares. Currently, 0.9% of the shares of the stock are sold short. Based on an average daily trading volume, of 3,830,000 shares, the short-interest ratio is currently 1.0 days.
Amazon.com stock opened at $1,776.12 on Friday. The company’s fifty day simple moving average is $1,910.55 and its 200-day simple moving average is $1,816.65. The company has a quick ratio of 0.84, a current ratio of 1.10 and a debt-to-equity ratio of 0.44. Amazon.com has a 12 month low of $1,307.00 and a 12 month high of $2,050.50. The stock has a market cap of $878.57 billion, a P/E ratio of 88.19, a P/E/G ratio of 2.26 and a beta of 1.55.
Amazon.com (NASDAQ:AMZN) last posted its quarterly earnings results on Thursday, July 25th. The e-commerce giant reported $5.22 EPS for the quarter, missing the consensus estimate of $5.29 by ($0.07). Amazon.com had a net margin of 4.80% and a return on equity of 26.27%. The company had revenue of $63.40 billion for the quarter, compared to analysts’ expectations of $62.59 billion. During the same quarter in the prior year, the firm earned $5.07 earnings per share. The company’s revenue was up 19.9% on a year-over-year basis. On average, equities research analysts expect that Amazon.com will post 24.52 earnings per share for the current fiscal year.
In other Amazon.com news, insider David Zapolsky sold 763 shares of the company’s stock in a transaction on Wednesday, July 10th. The stock was sold at an average price of $2,000.00, for a total value of $1,526,000.00. Following the transaction, the insider now owns 2,698 shares of the company’s stock, valued at $5,396,000. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CEO Andrew R. Jassy sold 7,308 shares of the company’s stock in a transaction on Wednesday, July 10th. The shares were sold at an average price of $2,000.00, for a total value of $14,616,000.00. Following the completion of the transaction, the chief executive officer now directly owns 92,614 shares in the company, valued at approximately $185,228,000. The disclosure for this sale can be found here. Insiders sold 9,071 shares of company stock worth $18,000,250 in the last ninety days. 16.10% of the stock is owned by corporate insiders.
Institutional investors have recently bought and sold shares of the company. Mutual Advisors LLC lifted its stake in shares of Amazon.com by 7.3% in the 2nd quarter. Mutual Advisors LLC now owns 4,022 shares of the e-commerce giant’s stock valued at $7,616,000 after purchasing an additional 272 shares during the last quarter. Noked Capital LTD acquired a new stake in shares of Amazon.com in the 2nd quarter valued at $473,000. Smith Moore & CO. lifted its stake in shares of Amazon.com by 1.9% in the 2nd quarter. Smith Moore & CO. now owns 1,192 shares of the e-commerce giant’s stock valued at $2,257,000 after purchasing an additional 22 shares during the last quarter. Covington Capital Management lifted its stake in shares of Amazon.com by 0.6% in the 2nd quarter. Covington Capital Management now owns 19,541 shares of the e-commerce giant’s stock valued at $37,003,000 after purchasing an additional 123 shares during the last quarter. Finally, MidWestOne Financial Group Inc. acquired a new stake in shares of Amazon.com in the 2nd quarter valued at $1,025,000. Institutional investors and hedge funds own 57.17% of the company’s stock.
Amazon.com, Inc engages in the retail sale of consumer products and subscriptions in North America and internationally. The company operates through three segments: North America, International, and Amazon Web Services (AWS) segments. It sells merchandise and content purchased for resale from third-party sellers through physical stores and online stores.
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