Stocks of Amazon.com Inc. (NASDAQ:AMZN) traded higher last session on Wall Street, down -1.49% to $144.84.
According to the data, Amazon.com Inc. (NASDAQ:AMZN) has 57 analysts covering its stock. 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 $147.03, this indicates a potential upside of 19.02 percent. AMZN stock price is now 7.33% away from the 50-day moving average and 18.30% away from the 200-day moving average. The market capitalization of the company currently stands at $1496.78B.
A total of 1 analysts have issued a hold rating and 48 have given it a buy rating. Brokers who have rated the stock have averaged $175.82 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 $7.71 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 $17.53 million. Insiders disposed of 4,595,068 shares of company stock worth roughly $665.55 million over the past 1 year. A total of 12.28% of the company’s stock is owned by insiders.
Monday’s opening bell rang with an opening price of $145.25 for Amazon.com Inc. (NASDAQ: AMZN). During the past 12 months, Amazon.com Inc. has had a low of $81.43 and a high of $149.26. 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 $134.94 and a two-hundred day moving average price translates $122.44 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 $0.94, beating analysts’ expectations of $0.58 by 0.36. 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 $165.72B 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.
