The stock of Amazon.com Inc. (NASDAQ:AMZN) last traded at $115.50, up 1.85% from the previous session.
Data from the available sources indicates that Amazon.com Inc. (NASDAQ:AMZN) is covered by 51 analysts. The consensus rating among analysts is ‘Buy’. As we calculate the median target price by taking the range between a high of $165.00 and a low of $85.00, we find $134.00. Given the previous closing price of $113.40, this indicates a potential upside of 18.17 percent. AMZN stock price is now 13.24% away from the 50-day moving average and 8.89% away from the 200-day moving average. The market capitalization of the company currently stands at $1205.71B.
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In total, 5 analysts have assigned it a hold rating, and 37 have given it a buy rating. Brokers who have rated the stock have averaged $132.33 as their price target over the next twelve months.
With the price target reduced from $127 to $125, UBS maintained Buy rating for Amazon.com Inc. (NASDAQ: AMZN). On April 24, 2023, MoffettNathanson reiterated its ‘Outperform’ rating on the stock by increasing its target price from $119 to quote $116, while ‘Deutsche Bank’ rates the stock as ‘Buy’.
In other news, Selipsky Adam, CEO Amazon Web Services sold 500 shares of the company’s stock on May 16. The stock was sold for $56,730 at an average price of $113.46. Upon completion of the transaction, the CEO Amazon Web Services now directly owns 149,620 shares in the company, valued at $17.28 million. An SEC document containing details of the transaction can be found on the SEC’s website. On May 15, CEO Amazon Web Services Selipsky Adam sold 10,760 shares of the business’s stock. A total of $1,187,184 was realized by selling the stock at an average price of $110.33. This leaves the insider owning 150,120 shares of the company worth $17.34 million. Insiders disposed of 5,488,930 shares of company stock worth roughly $633.97 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 ROUTE ONE INVESTMENT COMPANY, L.P. during the first quarter worth $227,824,000. INTERMEDE INVESTMENT PARTNERS LTD invested $196,547,000 in shares of AMZN during the first quarter. In the first quarter, WHALE ROCK CAPITAL MANAGEMENT LLC acquired a new stake in Amazon.com Inc. valued at approximately $129,363,000. CTC LLC acquired a new stake in AMZN for approximately $93,669,000. DUQUESNE FAMILY OFFICE LLC purchased a new stake in AMZN valued at around $93,321,000 in the second quarter. In total, there are 5,348 active investors with 60.10% ownership of the company’s stock.
With an opening price of $114.89 on Wednesday morning, Amazon.com Inc. (NASDAQ: AMZN) set off the trading day. During the past 12 months, Amazon.com Inc. has had a low of $81.43 and a high of $146.57. As of last week, the company has a debt-to-equity ratio of 0.56, a current ratio of 0.90, and a quick ratio of 0.70. The fifty day moving average price for AMZN is $102.43 and a two-hundred day moving average price translates $105.97 for the stock.
The latest earnings results from Amazon.com Inc. (NASDAQ: AMZN) was released for Mar, 2023. According to the Internet Retail Company, earnings per share came in at $0.31, beating analysts’ expectations of $0.21 by 0.1. This compares to -$0.38 EPS in the same period last year. The net profit margin was 0.80% and return on equity was 3.00% for AMZN. The company reported revenue of $127.36 billion for the quarter, compared to $116.44 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 9.37 percent. For the current quarter, analysts expect AMZN to generate $131.27B in revenue.
Amazon.com Inc.(AMZN) Company Profile
Amazon.com, Inc. engages in the retail sale of consumer products and subscriptions through online and physical stores in North America and internationally. It operates through three segments: North America, International, and Amazon Web Services (AWS). The company’s products offered through its stores include merchandise and content purchased for resale; and products offered by third-party sellers. It also manufactures and sells electronic devices, including Kindle, Fire tablets, Fire TVs, Rings, Blink, eero, and Echo; and develops and produces media content. In addition, the company offers programs that enable sellers to sell their products in its stores; and programs that allow authors, musicians, filmmakers, Twitch streamers, skill and app developers, and others to publish and sell content. Further, it provides compute, storage, database, analytics, machine learning, and other services, as well as fulfillment, advertising, and digital content subscriptions. Additionally, the company offers Amazon Prime, a membership program. It serves consumers, sellers, developers, enterprises, content creators, and advertisers. The company was incorporated in 1994 and is headquartered in Seattle, Washington.
