In yesterday’s Wall Street session, Amazon.com Inc. (NASDAQ:AMZN) shares traded at $174.48, up 0.03% from the previous session.
AMZN stock price is now 5.36% away from the 50-day moving average and 21.90% away from the 200-day moving average. The market capitalization of the company currently stands at $1812.39B.
With the price target enhanced from $195 to $205, Wolfe Research maintained Outperform rating for Amazon.com Inc. (NASDAQ: AMZN). On February 02, 2024, Wells Fargo reiterated its ‘Overweight’ rating on the stock by increasing its target price from $197 to quote $211, while ‘Wedbush’ rates the stock as ‘Outperform’
In other news, Selipsky Adam, CEO Amazon Web Services sold 500 shares of the company’s stock on Mar 08 ’24. The stock was sold for $88,155 at an average price of $176.31. Upon completion of the transaction, the CEO Amazon Web Services now directly owns 133,100 shares in the company, valued at $23.22 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Mar 07 ’24, CEO Amazon Web Services Selipsky Adam sold 500 shares of the business’s stock. A total of $87,405 was realized by selling the stock at an average price of $174.81. This leaves the insider owning 133,600 shares of the company worth $23.31 million. A total of 11.10% of the company’s stock is owned by insiders.
During the past 12 months, Amazon.com Inc. has had a low of $95.61 and a high of $180.14. As of last week, the company has a debt-to-equity ratio of 0.77, a current ratio of 1.05, and a quick ratio of 0.84. According to the stock market information, the enterprise value for the company is $1.86T, which is based on a 60.38 price-to-earnings ratio, a 3.77 price-to-earnings-growth ratio, and a beta of 1.17. The fifty day moving average price for AMZN is $166.20 and a two-hundred day moving average price translates $143.40 for the stock.
The latest earnings results from Amazon.com Inc. (NASDAQ: AMZN) was released for Dec, 2023. According to the Internet Retail Company, earnings per share came in at $0.92, beating analysts’ expectations of $0.74 by 0.18. This compares to $0.03 EPS in the same period last year. The net profit margin was 5.29% and return on equity was 17.49% for AMZN. The company reported revenue of $169.96 billion for the quarter, compared to $149.2 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 13.91 percent. For the current quarter, analysts expect AMZN to generate $130.73B in revenue.
