The price of Amazon.com Inc. (NASDAQ:AMZN) shares last traded on Wall Street rose 0.04% to $189.07.
AMZN stock price is now 3.77% away from the 50-day moving average and 5.68% away from the 200-day moving average. The market capitalization of the company currently stands at $1984.40B.
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With the price target enhanced from $750 to $800, Loop Capital maintained Buy rating for Amazon.com Inc. (NASDAQ: AMZN). On October 11, 2024, Scotiabank recently initiated its ‘Sector Outperform’ rating on the stock quoting a target price of $245, while ‘Pivotal Research Group’ rates the stock as ‘Buy’
In other news, Herrington Douglas J, CEO Worldwide Amazon Stores sold 3,500 shares of the company’s stock on Oct 01 ’24. The stock was sold for $646,800 at an average price of $184.80. Upon completion of the transaction, the CEO Worldwide Amazon Stores now directly owns 514,160 shares in the company, valued at $97.21 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Sep 24 ’24, Senior Vice President Zapolsky David sold 2,190 shares of the business’s stock. A total of $427,050 was realized by selling the stock at an average price of $195.00. This leaves the insider owning 62,420 shares of the company worth $11.8 million. A total of 10.84% 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 $2053146804224, which is based on a 45.30 price-to-earnings ratio, a 2.23 price-to-earnings-growth ratio, and a beta of 1.15. The fifty day moving average price for AMZN is $182.195 and a two-hundred day moving average price translates $178.90135 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.
