In yesterday’s Wall Street session, Amazon.com Inc. (NASDAQ:AMZN) shares traded at $94.85, down -2.34% from the previous session.
51 analysts cover Amazon.com Inc. (NASDAQ:AMZN), according to research data. The consensus rating among analysts is ‘Buy’. As we calculate the median target price by taking the range between a high of $170.00 and a low of $80.00, we find $136.50. Given the previous closing price of $97.12, this indicates a potential upside of 40.55 percent. AMZN stock price is now -15.43% away from the 50-day moving average and -26.18% away from the 200-day moving average. The market capitalization of the company currently stands at $927.69B.
The stock has received a hold rating from 3 analysts and a buy rating from 40. Brokers who have rated the stock have averaged $136.07 as their price target over the next twelve months.
With the price target of $118, MoffettNathanson recently initiated with Outperform rating for Amazon.com Inc. (NASDAQ: AMZN). On October 28, 2022, Wolfe Research reiterated its ‘Outperform’ rating on the stock by increasing its target price from $150 to quote $130, while ‘Wells Fargo’ rates the stock as ‘Overweight’.
In other news, Huttenlocher Daniel P, Director sold 1,720 shares of the company’s stock on Nov 17. The stock was sold for $164,599 at an average price of $95.70. Upon completion of the transaction, the Director now directly owns 22,440 shares in the company, valued at $2.13 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Nov 15, CEO Amazon Web Services Selipsky Adam sold 12,995 shares of the business’s stock. A total of $1,318,506 was realized by selling the stock at an average price of $101.46. This leaves the insider owning 129,280 shares of the company worth $12.26 million. Insiders disposed of 1,353,073 shares of company stock worth roughly $128.34 million over the past 1 year. A total of 9.80% of the company’s stock is owned by insiders.
There have been several recent changes in the stakes of large investors in AMZN stock. A new stake in Amazon.com Inc. shares was purchased by T. ROWE PRICE INVESTMENT MANAGEMENT, INC. during the first quarter worth $1,496,014,000. GREAT WEST LIFE ASSURANCE CO /CAN/ invested $628,685,000 in shares of AMZN during the first quarter. In the first quarter, MATRIX CAPITAL MANAGEMENT COMPANY, LP acquired a new stake in Amazon.com Inc. valued at approximately $379,874,000. RENAISSANCE TECHNOLOGIES LLC acquired a new stake in AMZN for approximately $298,844,000. EGERTON CAPITAL (UK) LLP purchased a new stake in AMZN valued at around $264,437,000 in the second quarter. In total, there are 5,211 active investors with 59.70% ownership of the company’s stock.
On Thursday morning Amazon.com Inc. (NASDAQ: AMZN) stock kicked off with the opening price of $95.37. During the past 12 months, Amazon.com Inc. has had a low of $85.87 and a high of $188.11. As of last week, the company has a debt-to-equity ratio of 0.59, a current ratio of 0.90, and a quick ratio of 0.70. The fifty day moving average price for AMZN is $112.16 and a two-hundred day moving average price translates $128.49 for the stock.
The latest earnings results from Amazon.com Inc. (NASDAQ: AMZN) was released for Sep, 2022. According to the Internet Retail Company, earnings per share came in at $0.17, missing analysts’ expectations of $0.21 by -0.04. This compares to $0.31 EPS in the same period last year. The net profit margin was 2.30% and return on equity was 8.40% for AMZN. The company reported revenue of $127.1 billion for the quarter, compared to $110.81 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 14.7 percent. For the current quarter, analysts expect AMZN to generate $155.15B in revenue.
Amazon.com Inc.(AMZN) Company Profile
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). It sells merchandise and content purchased for resale from third-party sellers through physical and online stores. The company also manufactures and sells electronic devices, including Kindle, Fire tablets, Fire TVs, Rings, and Echo and other devices; provides Kindle Direct Publishing, an online service that allows independent authors and publishers to make their books available in the Kindle Store; and develops and produces media content. In addition, it offers programs that enable sellers to sell their products on its websites, as well as its stores; and programs that allow authors, musicians, filmmakers, Twitch streamers, skill and app developers, and others to publish and sell content. Further, the company provides compute, storage, database, analytics, machine learning, and other services, as well as fulfillment, advertising, publishing, and digital content subscriptions. Additionally, it offers Amazon Prime, a membership program, which provides free shipping of various items; access to streaming of movies and series; and other services. The company serves consumers, sellers, developers, enterprises, and content creators. Amazon.com, Inc. was incorporated in 1994 and is headquartered in Seattle, Washington.