The price of Amazon.com Inc. (NASDAQ:AMZN) shares last traded on Wall Street rose 0.67% to $147.73.
Based on available information, 57 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 $140.00, we find $175.00. Given the previous closing price of $146.74, this indicates a potential upside of 19.26 percent. AMZN stock price is now 10.32% away from the 50-day moving average and 21.84% away from the 200-day moving average. The market capitalization of the company currently stands at $1526.64B.
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Among analysts, 1 rate the stock a hold while 48 rate it a buy. Brokers who have rated the stock have averaged $175.22 as their price target over the next twelve months.
With the price target of $160, HSBC Securities recently initiated with Buy rating for Amazon.com Inc. (NASDAQ: AMZN).
In other news, Zapolsky David, Senior Vice President sold 18,440 shares of the company’s stock on Nov 22. The stock was sold for $2,673,800 at an average price of $145.00. Upon completion of the transaction, the Senior Vice President now directly owns 53,220 shares in the company, valued at $7.86 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Nov 22, CEO Amazon Web Services Selipsky Adam sold 500 shares of the business’s stock. A total of $72,340 was realized by selling the stock at an average price of $144.68. This leaves the insider owning 121,060 shares of the company worth $17.88 million. Insiders disposed of 4,690,754 shares of company stock worth roughly $692.97 million over the past 1 year. A total of 12.28% of the company’s stock is owned by insiders.
A candlestick chart of Amazon.com Inc. (NASDAQ: AMZN) showed a price of $147.53 on Monday morning. During the past 12 months, Amazon.com Inc. has had a low of $81.43 and a high of $147.74. As of last week, the company has a debt-to-equity ratio of 0.84, a current ratio of 0.98, and a quick ratio of 0.74. The fifty day moving average price for AMZN is $134.06 and a two-hundred day moving average price translates $121.49 for the stock.
The latest earnings results from Amazon.com Inc. (NASDAQ: AMZN) was released for Sep, 2023. According to the Internet Retail Company, earnings per share came in at $0.86, beating analysts’ expectations of $0.53 by 0.33. This compares to $0.28 EPS in the same period last year. The net profit margin was 3.62% and return on equity was 12.53% for AMZN. The company reported revenue of $143.08 billion for the quarter, compared to $127.1 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 12.57 percent. For the current quarter, analysts expect AMZN to generate $151.34B in revenue.
