Amazon.com Inc (NASDAQ:AMZN) shares traded -0.64% lower at $206.84 on Wall Street last session.
AMZN stock price is now 9.79% away from the 50-day moving average and 13.63% away from the 200-day moving average. The market capitalization of the company currently stands at $2155.56B.
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With the price target enhanced from $215 to $235, Telsey Advisory Group maintained Outperform rating for Amazon.com Inc (NASDAQ: AMZN). On November 01, 2024, Monness Crespi & Hardt reiterated its ‘Buy’ rating on the stock by increasing its target price from $225 to quote $245, while ‘Loop Capital’ rates the stock as ‘Buy’
In other news, BEZOS JEFFREY P, Executive Chair sold 2,996,362 shares of the company’s stock on Nov 07 ’24. The stock was sold for $629,020,209 at an average price of $209.93. Upon completion of the transaction, the Executive Chair now directly owns 920,413,338 shares in the company, valued at $190.38 billion. An SEC document containing details of the transaction can be found on the SEC’s website. On Nov 06 ’24, Executive Chair BEZOS JEFFREY P sold 2,996,362 shares of the business’s stock. A total of $602,361,421 was realized by selling the stock at an average price of $201.03. This leaves the insider owning 923,409,700 shares of the company worth $191.0 billion. A total of 10.83% of the company’s stock is owned by insiders.
During the past 12 months, Amazon.com Inc has had a low of $139.52 and a high of $212.25. 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 $2259499089920, which is based on a 44.33 price-to-earnings ratio, a 2.46 price-to-earnings-growth ratio, and a beta of 1.16. The fifty day moving average price for AMZN is $187.831 and a two-hundred day moving average price translates $181.787 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.
