The stock of Amazon.com Inc. (NASDAQ:AMZN) last traded at $186.57, down -0.49% from the previous session.
AMZN stock price is now 3.48% away from the 50-day moving average and 21.50% away from the 200-day moving average. The market capitalization of the company currently stands at $1941.56B.
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With the price target enhanced from $200 to $215, Telsey Advisory Group maintained Outperform rating for Amazon.com Inc. (NASDAQ: AMZN). On May 01, 2024, Monness Crespi & Hardt reiterated its ‘Buy’ rating on the stock by increasing its target price from $215 to quote $225, while ‘Maxim Group’ rates the stock as ‘Buy’
In other news, RUBINSTEIN JONATHAN, Director sold 5,264 shares of the company’s stock on May 09 ’24. The stock was sold for $1,000,160 at an average price of $190.00. Upon completion of the transaction, the Director now directly owns 104,400 shares in the company, valued at $19.48 million. An SEC document containing details of the transaction can be found on the SEC’s website. On May 06 ’24, Director Alexander Keith Brian sold 1,000 shares of the business’s stock. A total of $186,220 was realized by selling the stock at an average price of $186.22. This leaves the insider owning 4,760 shares of the company worth $0.89 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 $109.25 and a high of $191.70. As of last week, the company has a debt-to-equity ratio of 0.71, a current ratio of 1.07, and a quick ratio of 0.87.
The net profit margin was 6.38% and return on equity was 20.30% for AMZN. The company reported revenue of $143.31 billion for the quarter, compared to $127.36 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 12.53 percent.
