Stocks of Amazon.com Inc (NASDAQ:AMZN) traded higher last session on Wall Street, down -0.11% to $237.42.
AMZN stock price is now 6.66% away from the 50-day moving average and 21.96% away from the 200-day moving average. The market capitalization of the company currently stands at $2496.47B.
With the price target enhanced from $260 to $280, Wedbush maintained Outperform rating for Amazon.com Inc (NASDAQ: AMZN). On January 06, 2025, Wedbush reiterated its ‘Outperform’ rating on the stock by increasing its target price from $250 to quote $260, while ‘Wolfe Research’ rates the stock as ‘Outperform’
In other news, RUBINSTEIN JONATHAN, Director sold 4,351 shares of the company’s stock on Dec 09 ’24. The stock was sold for $1,000,077 at an average price of $229.85. Upon completion of the transaction, the Director now directly owns 88,203 shares in the company, valued at $20.94 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Dec 09 ’24, Director RUBINSTEIN JONATHAN bought 4,351 shares of the business’s stock. A total of $1,000,077 was incurred on buying the stock at an average price of $229.85. A total of 10.66% of the company’s stock is owned by insiders.
During the past 12 months, Amazon.com Inc has had a low of $151.61 and a high of $241.77. As of last week, the company has a debt-to-equity ratio of 0.58, a current ratio of 1.09, and a quick ratio of 0.87. The fifty day moving average price for AMZN is $221.8814 and a two-hundred day moving average price translates $194.3978 for the stock.
The latest earnings results from Amazon.com Inc (NASDAQ: AMZN) was released for 2024-09-30. The net profit margin was 8.04% and return on equity was 22.56% for AMZN. The company reported revenue of $158.88 billion for the quarter, compared to $143.08 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 11.04 percent. For the current quarter, analysts expect AMZN to generate $187.25B in revenue.
