In yesterday’s Wall Street session, Amazon.com Inc. (NASDAQ:AMZN) shares traded at $180.96, up 0.75% from the previous session.
AMZN stock price is now 1.79% away from the 50-day moving average and 19.92% away from the 200-day moving average. The market capitalization of the company currently stands at $1881.48B.
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With the price target enhanced from $195 to $216, Truist maintained Buy rating for Amazon.com Inc. (NASDAQ: AMZN). On April 17, 2024, Maxim Group recently initiated its ‘Buy’ rating on the stock quoting a target price of $218, while ‘Wolfe Research’ rates the stock as ‘Outperform’
In other news, Selipsky Adam, CEO Amazon Web Services sold 500 shares of the company’s stock on Apr 19 ’24. The stock was sold for $89,500 at an average price of $179.00. Upon completion of the transaction, the CEO Amazon Web Services now directly owns 130,100 shares in the company, valued at $23.54 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Apr 18 ’24, CEO Amazon Web Services Selipsky Adam sold 500 shares of the business’s stock. A total of $90,690 was realized by selling the stock at an average price of $181.38. This leaves the insider owning 130,600 shares of the company worth $23.63 million. A total of 11.09% of the company’s stock is owned by insiders.
During the past 12 months, Amazon.com Inc. has had a low of $101.15 and a high of $189.77. 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.
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.
