Amazon.com stock is trading -24.43% below its average target price of $160.61 after dropping -5.6% during today's afternoon session. Analysts are giving the large-cap Specialty Retail company an average rating of buy and target prices ranging from $120.72 to $216.91 per share.
Amazon.com's short interest — meaning the percentage of the share float that is being shorted — is lower than average at 1.0%. The stock's short ratio is 1.45. The company's insiders own 9.72% of its outstanding shares, which indicates a strong alignment between management and shareholder interests.
Another number to watch is the company's rate of institutional share ownership, which now stands at 60.5%. In conclusion, we believe there is positive market sentiment regarding Amazon.com.
Institutions Invested in Amazon.com
|2023-06-30||Vanguard Group Inc||7%||725,913,766||$88,104,155,773|
|2023-06-30||State Street Corporation||3%||335,869,897||$40,764,530,321|
|2023-06-30||Price (T.Rowe) Associates Inc||2%||216,527,383||$26,279,929,069|
|2023-06-30||Geode Capital Management, LLC||2%||170,151,722||$20,651,314,966|
|2023-06-30||JP Morgan Chase & Company||1%||134,806,503||$16,361,465,639|
|2022-12-31||Norges Bank Investment Management||1%||98,376,088||$11,939,906,070|
|2023-06-30||Capital Research Global Investors||1%||98,110,530||$11,907,675,295|