In yesterday’s Wall Street session, Amazon.com Inc. (NASDAQ:AMZN) shares traded at $139.98, down -0.29% from the previous session.
52 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 $230.00 and a low of $136.00, we find $175.00. Given the previous closing price of $140.39, this indicates a potential upside of 24.65 percent. AMZN stock price is now 3.76% away from the 50-day moving average and 25.88% away from the 200-day moving average. The market capitalization of the company currently stands at $1488.82B.
Top 5 Artificial Intelligence Stocks to Buy for 2024
By now, you're well aware of the artificial intelligence boom. You know Big Tech has been investing billions of dollars into it.
According to Next Move Strategy Consulting, the AI market – currently valued at about $100 billion – cold grow twenty-fold by 2030 to more than $2 trillion. That means you may want to strongly consider these top AI stocks. Get our free report, "Top 5 AI Stocks to Buy in 2024."
Click here to automatically get the our FREE Report & Special Offer "5 Best AI Stocks to Invest In"
Sponsored
The stock has received a hold rating from 3 analysts and a buy rating from 44. Brokers who have rated the stock have averaged $172.65 as their price target over the next twelve months.
With the price target enhanced from $175 to $185, Piper Sandler maintained Overweight rating for Amazon.com Inc. (NASDAQ: AMZN).
In other news, Zapolsky David, Senior Vice President sold 42,816 shares of the company’s stock on Sep 14. The stock was sold for $6,213,886 at an average price of $145.13. Upon completion of the transaction, the Senior Vice President now directly owns 64,380 shares in the company, valued at $9.01 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Sep 06, CEO Amazon Web Services Selipsky Adam sold 500 shares of the business’s stock. A total of $68,060 was realized by selling the stock at an average price of $136.12. This leaves the insider owning 107,020 shares of the company worth $14.98 million. Insiders disposed of 6,126,813 shares of company stock worth roughly $857.63 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 GQG PARTNERS LLC during the first quarter worth $2,166,348,000. THIRD POINT LLC invested $573,918,000 in shares of AMZN during the first quarter. In the first quarter, UNISUPER MANAGEMENT PTY LTD acquired a new stake in Amazon.com Inc. valued at approximately $330,332,000. JANNEY MONTGOMERY SCOTT LLC acquired a new stake in AMZN for approximately $324,224,000. TRIVEST ADVISORS LTD purchased a new stake in AMZN valued at around $298,174,000 in the second quarter. In total, there are 5,439 active investors with 60.10% ownership of the company’s stock.
On Monday morning Amazon.com Inc. (NASDAQ: AMZN) stock kicked off with the opening price of $140.48. During the past 12 months, Amazon.com Inc. has had a low of $81.43 and a high of $145.86. As of last week, the company has a debt-to-equity ratio of 0.50, a current ratio of 0.90, and a quick ratio of 0.70. The fifty day moving average price for AMZN is $135.11 and a two-hundred day moving average price translates $111.44 for the stock.
The latest earnings results from Amazon.com Inc. (NASDAQ: AMZN) was released for Jun, 2023. According to the Internet Retail Company, earnings per share came in at $0.65, beating analysts’ expectations of $0.35 by 0.3. This compares to -$0.20 EPS in the same period last year. The net profit margin was 2.40% and return on equity was 8.60% for AMZN. The company reported revenue of $134.38 billion for the quarter, compared to $121.23 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 10.85 percent. For the current quarter, analysts expect AMZN to generate $141.43B 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.
