The price of Amazon.com Inc. (NASDAQ:AMZN) shares last traded on Wall Street rose 1.67% to $131.27.
Based on available information, 53 analysts follow Amazon.com Inc. (NASDAQ:AMZN). 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 $129.12, this indicates a potential upside of 35.53 percent. AMZN stock price is now -2.99% away from the 50-day moving average and 16.99% away from the 200-day moving average. The market capitalization of the company currently stands at $1346.88B.
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Among analysts, 3 rate the stock a hold while 44 rate it a buy. Brokers who have rated the stock have averaged $172.60 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, Selipsky Adam, CEO Amazon Web Services sold 500 shares of the company’s stock on Sep 21. The stock was sold for $65,900 at an average price of $131.80. Upon completion of the transaction, the CEO Amazon Web Services now directly owns 106,020 shares in the company, valued at $13.92 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Sep 20, CEO Amazon Web Services Selipsky Adam sold 500 shares of the business’s stock. A total of $69,240 was realized by selling the stock at an average price of $138.48. This leaves the insider owning 106,520 shares of the company worth $13.98 million. Insiders disposed of 6,126,813 shares of company stock worth roughly $804.27 million over the past 1 year. A total of 12.40% 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 $2,031,551,000. THIRD POINT LLC invested $538,207,000 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 $309,777,000. JANNEY MONTGOMERY SCOTT LLC acquired a new stake in AMZN for approximately $304,050,000. TRIVEST ADVISORS LTD purchased a new stake in AMZN valued at around $279,621,000 in the second quarter.
A candlestick chart of Amazon.com Inc. (NASDAQ: AMZN) showed a price of $129.36 on Monday morning. 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 0.91, a current ratio of 0.95, and a quick ratio of 0.70. According to the stock market information, the enterprise value for the company is $1.41T, which is based on a 104.39 price-to-earnings ratio, a 2.88 price-to-earnings-growth ratio, and a beta of 1.24. The fifty day moving average price for AMZN is $135.24 and a two-hundred day moving average price translates $112.42 for the stock.
The latest earnings results from Amazon.com Inc. (NASDAQ: AMZN) was released for Jun, 2023. The net profit margin was 2.43% and return on equity was 8.71% 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.
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.
