Amazon.com Inc (NASDAQ:AMZN) shares traded 2.40% higher at $232.93 on Wall Street last session.
AMZN stock price is now 15.20% away from the 50-day moving average and 24.37% away from the 200-day moving average. The market capitalization of the company currently stands at $2433.11B.
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With the price target enhanced from $230 to $264, UBS maintained Buy rating for Amazon.com Inc (NASDAQ: AMZN). On November 14, 2024, Needham reiterated its ‘Buy’ rating on the stock by increasing its target price from $210 to quote $250, while ‘Telsey Advisory Group’ rates the stock as ‘Outperform’
In other news, RUBINSTEIN JONATHAN, Director sold 4,351 shares of the company’s stock on Dec 09 ’24. The stock was sold for $1,000,077 at an average price of $229.85. Upon completion of the transaction, the Director now directly owns 88,203 shares in the company, valued at $20.55 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Dec 09 ’24, Director RUBINSTEIN JONATHAN bought 4,351 shares of the business’s stock. A total of $1,000,077 was incurred on buying the stock at an average price of $229.85. A total of 10.73% of the company’s stock is owned by insiders.
During the past 12 months, Amazon.com Inc has had a low of $144.05 and a high of $231.20. 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 $2519745429504, which is based on a 49.92 price-to-earnings ratio, a 2.38 price-to-earnings-growth ratio, and a beta of 1.16. The fifty day moving average price for AMZN is $201.2632 and a two-hundred day moving average price translates $187.01015 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.
