Amazon.com Inc.’s recent filing unveils that its 10% Owner AMAZON COM INC unloaded Company’s shares for reported $7.02 million on Dec 16. In the deal valued at $26.99 per share,260,000 shares were sold. As a result of this transaction, AMAZON COM INC now holds 13,918,445 shares worth roughly $ 1.34 billion.
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Then, Reynolds Shelley sold 3,500 shares, generating $329,000 in total proceeds. Upon selling the shares at $94.00, the Vice President now owns 119,780 shares.
Before that, Olsavsky Brian T sold 15,240 shares. Amazon.com Inc. shares valued at $1,432,560 were divested by the Senior Vice President and CFO at a price of $94.00 per share. As a result of the transaction, Olsavsky Brian T now holds 49,000 shares, worth roughly $4.72 million.
Telsey Advisory Group reiterated its Amazon.com Inc. [AMZN] rating to an Outperform in a research note published on Tuesday, January 24, 2023; the price target was $125. PT values the company’s stock at a premium of 22.94 to its Tuesday closing price. A number of analysts have revised their coverage, including MKM Partners’s analysts, who remained covering the stock and in mid January has reiterated a ‘”a Buy”‘ rating for it. New Street began covering AMZN with “Buy” recommendation on January 04, 2023. MoffettNathanson started covering the stock on November 15, 2022. It rated AMZN as “an Outperform”.
Price Performance Review of AMZN
On Tuesday, Amazon.com Inc. [NASDAQ:AMZN] saw its stock fall -1.23% to $96.32. On the same session, the stock had its day’s lowest price of $96.00, but rose to a high of $98.09. Over the last five days, the stock has gained 0.28%. Amazon.com Inc. shares have risen nearly 14.67% since the year began. Nevertheless, the stocks have fallen -32.47% over the past one year. While a 52-week high of $170.83 was reached on 01/18/23, a 52-week low of $81.43 was recorded on 01/06/23. SMA at 50 days reached $91.32, while 200 days put it at $113.99. A total of 61.11 million shares were traded, compared to the trading of 76.5 million shares in the previous session.
Levels Of Support And Resistance For AMZN Stock
The 24-hour chart illustrates a support level at 95.52, which if violated will result in even more drops to 94.71. On the upside, there is a resistance level at 97.61. A further resistance level may holdings at 98.89. The Relative Strength Index (RSI) on the 14-day chart is 58.96, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 4.43, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 16.77%. Stochastics %K at 87.20% indicates the stock is a selling.
How much short interest is there in Amazon.com Inc.?
A steep rise in short interest was recorded in Amazon.com Inc. stocks on Oct 13, 2022, dropping by -2.6 million shares to a total of 75.25 million shares. Yahoo Finance data shows the prior-month short interest on Sep 14, 2022 was 77.85 million shares. There was a decline of -3.46%, which implies that there is a negative sentiment for the stock. In spite of short shares comprising just 0.85% of the overall stock float, the days-to-cover ratio (short ratio) fell to 1.29.
Amazon.com Inc. [AMZN] – Who Are The Largest Shareholders?
In filings from The Vanguard Group, Inc., it is revealed that the company now owns 664,770,900 shares, or roughly 6.52% of the outstanding AMZN shares. In other words, the investor’s shares have risen by 12,106,989 from its previous 13-F filing of 652663911.0. Additionally, BlackRock Fund Advisors increased 0.98% of its stake after which the total value it holdings stand at $31,545,805,368, while SSgA Funds Management, Inc. added 0.96% of its stake to hold $27.71 billion in the firm. Over the last quarter, T. Rowe Price Associates, Inc. sold -29,369,893 shares of Amazon.com Inc., while Fidelity Management & Research Co sold 14,742,871 shares. At present, Geode Capital Management LLC is holding 157,659,175 shares valued at $13.24 billion. Capital Research & Management Co owned 105,050,354 shares of the company at the time of its most recent 13F filing, worth $8.82 billion.
According to FactSet, Amazon.com Inc.’s share price will average $131.96 in the next year, based on opinions of analysts polled by the firm. This is up nearly 33.31 percent from its previous closing price of $97.52. Analysts expect Amazon.com Inc. stock to reach the higher price of $164.00, while the lowest price estimate is $80.00. However, 54 analysts have rated AMZN stock as a Buy in their predictions for 2023. The most recent change occurred on October 28, 2022 when Wolfe Research resumed its ‘”an Outperform”‘ rating for the stock and retained the price target to $130.