In yesterday’s Wall Street session, Amazon.com Inc (NASDAQ:AMZN) shares traded at $210.71, up 1.36% from the previous session.
AMZN stock price is now 8.12% away from the 50-day moving average and 14.09% away from the 200-day moving average. The market capitalization of the company currently stands at $2238.77B.
With the price target enhanced from $210 to $250, Needham maintained Buy rating for Amazon.com Inc (NASDAQ: AMZN). On November 01, 2024, Telsey Advisory Group reiterated its ‘Outperform’ rating on the stock by increasing its target price from $215 to quote $235, while ‘Monness Crespi & Hardt’ rates the stock as ‘Buy’
In other news, Jassy Andrew R, President and CEO sold 20,784 shares of the company’s stock on Nov 21 ’24. The stock was sold for $4,160,373 at an average price of $200.17. Upon completion of the transaction, the President and CEO now directly owns 2,087,710 shares in the company, valued at $439.9 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Nov 21 ’24, CEO Worldwide Amazon Stores Herrington Douglas J sold 6,104 shares of the business’s stock. A total of $1,221,989 was realized by selling the stock at an average price of $200.19. This leaves the insider owning 528,067 shares of the company worth $111.27 million. A total of 10.73% of the company’s stock is owned by insiders.
During the past 12 months, Amazon.com Inc has had a low of $142.81 and a high of $215.90. 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. According to the stock market information, the enterprise value for the company is $2286101987328, which is based on a 45.16 price-to-earnings ratio, a 2.15 price-to-earnings-growth ratio, and a beta of 1.16. The fifty day moving average price for AMZN is $194.4946 and a two-hundred day moving average price translates $184.4853 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.
