In yesterday’s Wall Street session, Amazon.com Inc. (NASDAQ:AMZN) shares traded at $176.25, down -1.26% from the previous session.
AMZN stock price is now -3.43% away from the 50-day moving average and 2.23% away from the 200-day moving average. The market capitalization of the company currently stands at $1849.85B.
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With the price target enhanced from $238 to $251, Maxim Group maintained Buy rating for Amazon.com Inc. (NASDAQ: AMZN). On August 02, 2024, Itau BBA Downgraded its previous ‘Outperform’ rating to ‘Market Perform’ on the stock keeping its target price maintained at $186, while ‘UBS’ rates the stock as ‘Buy’
In other news, Jassy Andrew R, President and CEO sold 20,784 shares of the company’s stock on Aug 21 ’24. The stock was sold for $3,757,109 at an average price of $180.77. Upon completion of the transaction, the President and CEO now directly owns 2,056,534 shares in the company, valued at $362.46 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Aug 21 ’24, CEO Worldwide Amazon Stores Herrington Douglas J sold 6,104 shares of the business’s stock. A total of $1,106,048 was realized by selling the stock at an average price of $181.20. This leaves the insider owning 521,160 shares of the company worth $91.85 million. A total of 10.94% of the company’s stock is owned by insiders.
During the past 12 months, Amazon.com Inc. has had a low of $118.35 and a high of $201.20. As of last week, the company has a debt-to-equity ratio of 0.64, a current ratio of 1.10, and a quick ratio of 0.88. According to the stock market information, the enterprise value for the company is $1918593662976, which is based on a 42.23 price-to-earnings ratio, a 1.38 price-to-earnings-growth ratio, and a beta of 1.14. The fifty day moving average price for AMZN is $182.2566 and a two-hundred day moving average price translates $172.5514 for the stock.
The latest earnings results from Amazon.com Inc. (NASDAQ: AMZN) was released for 2024-06-30. The net profit margin was 7.35% and return on equity was 21.93% for AMZN. The company reported revenue of $147.98 billion for the quarter, compared to $134.38 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 10.12 percent.
