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
| Date Reported | Holder | Percentage | Shares | Value |
|---|---|---|---|---|
| 2023-06-30 | Vanguard Group Inc | 7% | 725,913,766 | $88,104,155,773 |
| 2023-06-30 | Blackrock Inc. | 6% | 610,884,370 | $74,143,037,664 |
| 2023-06-30 | State Street Corporation | 3% | 335,869,897 | $40,764,530,321 |
| 2023-06-30 | FMR, LLC | 3% | 280,451,570 | $34,038,407,821 |
| 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 | Morgan Stanley | 1% | 149,603,480 | $18,157,374,778 |
| 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 |
