In yesterday’s Wall Street session, Amazon.com Inc (NASDAQ:AMZN) shares traded at $214.35, up 0.73% from the previous session.
AMZN stock price is now -5.70% away from the 50-day moving average and 8.06% away from the 200-day moving average. The market capitalization of the company currently stands at $2271.62B.
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, Jassy Andrew R, President and CEO sold 20,784 shares of the company’s stock on Feb 21 ’25. The stock was sold for $4,586,006 at an average price of $220.65. Upon completion of the transaction, the President and CEO now directly owns 2,118,886 shares in the company, valued at $454.18 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Feb 21 ’25, CEO Worldwide Amazon Stores Herrington Douglas J sold 6,104 shares of the business’s stock. A total of $1,357,967 was realized by selling the stock at an average price of $222.47. This leaves the insider owning 514,474 shares of the company worth $110.28 million. A total of 10.58% 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 $242.52. As of last week, the company has a debt-to-equity ratio of 0.52, a current ratio of 1.06, and a quick ratio of 0.87.
The net profit margin was 9.29% and return on equity was 24.29% for AMZN. The company reported revenue of $187.79 billion for the quarter, compared to $169.96 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 10.49 percent.
