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Amazon.com (AMZN) Stock Price, News & Analysis

$183.66
-0.17 (-0.09%)
(As of 06/14/2024 ET)
Today's Range
$182.23
$183.72
50-Day Range
$173.67
$189.50
52-Week Range
$118.35
$191.70
Volume
25.43 million shs
Average Volume
41.92 million shs
Market Capitalization
$1.91 trillion
P/E Ratio
51.45
Dividend Yield
N/A
Price Target
$213.82

Amazon.com MarketRank™ Stock Analysis

Analyst Rating
Buy
3.00 Rating Score
Upside/​Downside
16.4% Upside
$213.82 Price Target
Short Interest
Healthy
0.71% of Shares Sold Short
Dividend Strength
Weak
Based on Four Factors
Sustainability
-1.25
Upright™ Environmental Score
News Sentiment
0.71mentions of Amazon.com in the last 14 days
Based on 86 Articles This Week
Insider Trading
Selling Shares
$11.98 M Sold Last Quarter
Proj. Earnings Growth
22.88%
From $4.72 to $5.80 Per Share

Overall MarketRank

New Rank-Based ScoringMarketRank is calculated by averaging available category scores (with extra weight given to analysis and valuation), then ranking the company's weighted average against that of other companies.

4.75 out of 5 stars

Retail/Wholesale Sector

14th out of 195 stocks

Catalog & Mail - Order Houses Industry

2nd out of 25 stocks

AMZN stock logo

About Amazon.com Stock (NASDAQ:AMZN)

Amazon, or Amazon.com, is the world's largest and leading portal for eCommerce. It was founded by Jeff Bezos, incorporated in 1994, and later went public in 1997. The company is headquartered in Seattle, Washington, and is a member of the influential FAANG group of stocks. When it comes to stocks, Amazon is proof that small companies can do big things; the AMZN stock price was pennies when it was first listed and now it trades well over $100 (split adjusted) per share.

The company is not a true retailer nor a pure-play manufacturer but in the business of connecting consumers and merchants together. The website was first created as a means of selling books at a discount but it has since grown to include most verticals in the retail sector. A few of the products the company does manufacture are the Kindle and Fire Tablets, Fire TVs, and smart home devices like Echo. Echo is powered by an AI personality named Alexa which can take vocal commands from its users.

Today, Amazon operates in three segments including North America, International, and Amazon Web Services. The first two segments are the core retail business while Amazon Web Services includes a host of Internet-related services for consumers and businesses alike. A little-known fact is that Amazon Web Services is as important to the function of the Internet as Google because of the infrastructure it provides and it hosts so many business websites.

Services provided by Amazon for merchants include listing, fulfillment, and advertising as well as subscriptions. Services provided by Amazon Web Services include cloud computing, storage, database maintenance, analytics, machine learning, and even artificial intelligence. In regard to the company's operations, Amazon Web Services is the smaller of the three segments but is a fast-growing and well-established part of the business that has had a positive influence on the AMZN stock price.

Among the many ancillary services provided by Amazon is Kindle Direct Publishing. This is a cloud-based service that enables writers and publishers to publish their works directly in the Kindle Store. Kindle, if you are unaware, is an Internet-connected tablet designed for reading books but also streams other forms of entertainment. Amazon also develops and publishes its own media content that is available via Kindle or the Amazon App that can be found on most smart TVs.

Amazon is also a disruptor, moving into new digital markets whenever it thinks it can make a profit. The move into streaming is only one example, another is a push into healthcare. Amazon Prime is another disruptive move and is a subscription service that entitles members exclusive access to Amazon services.

Amazon's stock price can be affected by factors including the pace of revenue growth, profitability, growth in the AWS segment, and any stock splits that may occur. The Amazon share price was impacted by splits 4 times between the IPO in 1997 and June 2022 and additional splits should be anticipated. The forecast for Amazon stock, splits aside, is for steadily increasing price action punctuated by pullbacks, corrections, and consolidations. While there is competition for Amazon, this company is entrenched and will stand the test of time because eCommerce is the way businesses thrive in today's markets.

AMZN Stock Price History

AMZN Stock News Headlines

Adobe Stock: It’s Not Too Late To Buy The Dip (AMZN)
Adobe had a great quarter and raised guidance. The analysts are raising their price targets and leading the market to a new all-time high; a 35% upside.
Met Opera in New York sold 72% of tickets this season, up from 66% and highest since pandemic
The Metropolitan Opera sold 72% of available tickets this season, up from 66% in 2022-23
Here's Why Analysts Boosted Walmart Stock's Valuation (AMZN)
After Walmart delivered double-digit growth last quarter, analysts at HSBC think the stock's ceiling could be higher than its recent all-time high
AI Market to Hit $1.8 Trillion by 2030: 5 Key Stock Insights (AMZN)
Investors can capitalize on AI's transformative potential by understanding the key players, strategies, and risks involved in this rapidly growing sector.
AI Market to Hit $1.8 Trillion by 2030: 5 Key Stock Insights
The global artificial intelligence (AI) market is projected to reach $1.8 trillion by 2030, which will signify a transformative shift across industries and create a lucrative opportunity for discerning investors. Not so long ago, AI was just a futuristic concept.
Amazon invests $1.4 billion for affordable housing options in regions where it has corporate offices
Amazon is adding $1.4 billion to a fund it established three years ago for preserving or building more affordable housing in regions where the company has major corporate offices
Thousands of drivers file arbitration claims against Amazon for unpaid wages and other losses
Thousands of Amazon delivery drivers have filed legal claims against the company
Marvell Technology Data Center Revenues Surge, But the Rest Fall (AMZN)
Marvell Technology Inc. (NASDAQ: MRVL) is a leading semiconductor company in the computer and technology sector sector that designs and manufactures
MarketBeat Week in Review – 6/3 - 6/7 (AMZN)
Equity markets shrugged off a much hotter-than-expected jobs report, but there could be more volatility after the next readings on inflation come out next week
The Philippines goes all in for natural gas, a climate pollutant
The Philippines is planning one of the world's biggest buildouts of natural gas infrastructure, with almost two dozen power plants announced and ambitions to become a hub for liquified natural gas for the entire Asia-Pacific region
The 3 Best Retail Stocks to Buy in June 2024
Exploring NVDA's Post-Split Investment Prospects
3 Tech Titans Rewriting the Rules of Growth Investing
See More Headlines
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Company Calendar

Last Earnings
4/30/2024
Today
6/14/2024
Next Earnings (Estimated)
8/01/2024
Fiscal Year End
12/31/2024

Industry, Sector and Symbol

Industry
Catalog & mail - order houses
Sub-Industry
Internet Retail
Current Symbol
NASDAQ:AMZN
CUSIP
02313510
Employees
1,525,000
Year Founded
1994

Price Target and Rating

Average Stock Price Target
$213.82
High Stock Price Target
$245.00
Low Stock Price Target
$140.00
Potential Upside/Downside
+16.4%
Consensus Rating
Buy
Rating Score (0-4)
3.00
Research Coverage
44 Analysts

Profitability

Net Income
$30.43 billion
Pretax Margin
7.86%

Debt

Sales & Book Value

Annual Sales
$590.74 billion
Cash Flow
$7.42 per share
Book Value
$19.43 per share

Miscellaneous

Outstanding Shares
10,406,627,000
Free Float
9,282,711,000
Market Cap
$1.91 trillion
Optionable
Optionable
Beta
1.14

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Should I Buy Amazon.com Stock? AMZN Pros and Cons Explained

Pros

Here are some ways that investors could benefit from investing in Amazon:

  • Amazon's consistent revenue growth and strong market position in e-commerce and cloud services make it a reliable long-term investment.
  • Amazon's expansion into new markets and industries, such as healthcare and entertainment, provides diversification and potential for increased revenue streams.
  • Amazon's innovative technology investments, like in artificial intelligence and robotics, enhance operational efficiency and competitiveness.
  • Amazon's Prime subscription service and ecosystem lock in customers, driving recurring revenue and loyalty.
  • Amazon's stock price resilience and historical performance indicate a track record of delivering value to shareholders.

Cons

Investors should be bearish about investing in Amazon for these reasons:

  • Amazon faces regulatory scrutiny globally, which could lead to increased compliance costs and potential restrictions on its business practices.
  • Amazon's high valuation compared to earnings may pose risks of market corrections or investor sentiment shifts affecting the stock price.
  • Amazon's heavy reliance on third-party sellers for a significant portion of its revenue exposes it to risks related to seller performance and competition.
  • Amazon's vast scale and diverse operations make it susceptible to operational challenges, supply chain disruptions, and logistical complexities.
  • Amazon's competitive landscape is intense, with rivals continuously innovating and challenging its market dominance in various sectors.
These pros and cons were generated based on recent news and financial data from MarketBeat in order to provide readers with the fastest and most accurate insights. They were last updated on Tuesday, June 11, 2024. Please send any questions or comments about these Amazon.com pros and cons to contact@marketbeat.com.

AMZN Stock Analysis - Frequently Asked Questions

Should I buy or sell Amazon.com stock right now?

44 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Amazon.com in the last twelve months. There are currently 1 hold rating, 42 buy ratings and 1 strong buy rating for the stock. The consensus among Wall Street equities research analysts is that investors should "buy" AMZN shares.
View AMZN analyst ratings
or view top-rated stocks.

What is Amazon.com's stock price target for 2024?

44 analysts have issued 1-year price objectives for Amazon.com's shares. Their AMZN share price targets range from $140.00 to $245.00. On average, they anticipate the company's stock price to reach $213.82 in the next year. This suggests a possible upside of 16.4% from the stock's current price.
View analysts price targets for AMZN
or view top-rated stocks among Wall Street analysts.

How have AMZN shares performed in 2024?

Amazon.com's stock was trading at $151.94 at the beginning of 2024. Since then, AMZN stock has increased by 20.9% and is now trading at $183.66.
View the best growth stocks for 2024 here
.

When is Amazon.com's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Thursday, August 1st 2024.
View our AMZN earnings forecast
.

How were Amazon.com's earnings last quarter?

Amazon.com, Inc. (NASDAQ:AMZN) released its quarterly earnings results on Tuesday, April, 30th. The e-commerce giant reported $0.98 earnings per share for the quarter, beating the consensus estimate of $0.83 by $0.15. The e-commerce giant had revenue of $143.31 billion for the quarter, compared to analyst estimates of $142.65 billion. Amazon.com had a net margin of 6.38% and a trailing twelve-month return on equity of 19.86%. The company's revenue for the quarter was up 12.5% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.31 earnings per share.
Read the conference call transcript
.

Is Amazon.com a good dividend stock?

Amazon.com (NASDAQ:AMZN) pays an annual dividend of $0.20 per share and currently has a dividend yield of 0.00%. The dividend payout ratio is 5.60%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, AMZN will have a dividend payout ratio of 3.45% next year. This indicates that the company will be able to sustain or increase its dividend.

When did Amazon.com's stock split?

Amazon.com shares split before market open on Monday, June 6th 2022. The 20-1 split was announced on Wednesday, March 9th 2022. The newly issued shares were issued to shareholders after the closing bell on Friday, June 3rd 2022. An investor that had 100 shares of stock prior to the split would have 2,000 shares after the split.

What guidance has Amazon.com issued on next quarter's earnings?

Amazon.com issued an update on its second quarter 2024 earnings guidance on Tuesday, April, 30th. The company provided EPS guidance of for the period. The company issued revenue guidance of $144.0 billion-$149.0 billion, compared to the consensus revenue estimate of $150.1 billion.

What is Andrew Jassy's approval rating as Amazon.com's CEO?

18,663 employees have rated Amazon.com Chief Executive Officer Andrew Jassy on Glassdoor.com. Andrew Jassy has an approval rating of 83% among the company's employees. 74.0% of employees surveyed would recommend working at Amazon.com to a friend.

What other stocks do shareholders of Amazon.com own?

Based on aggregate information from My MarketBeat watchlists, some companies that other Amazon.com investors own include NVIDIA (NVDA), Alibaba Group (BABA), Micron Technology (MU), Netflix (NFLX), Tesla (TSLA), General Electric (GE), Alphabet (GOOG), Walt Disney (DIS) and Salesforce (CRM).

Who are Amazon.com's major shareholders?

Amazon.com's stock is owned by many different retail and institutional investors. Top institutional shareholders include Vanguard Group Inc. (7.55%), Price T Rowe Associates Inc. MD (1.82%), Capital Research Global Investors (0.84%), Jennison Associates LLC (0.55%), Capital International Investors (0.41%) and Baillie Gifford & Co. (0.38%). Insiders that own company stock include Adam Selipsky, Amazon Com Inc, Andrew R Jassy, Brian T Olsavsky, Daniel P Huttenlocher, David H Clark, David Zapolsky, Douglas J Herrington, Jeffrey P Bezos, Jeffrey P Bezos, Jonathan Rubinstein, Keith Brian Alexander and Shelley Reynolds.
View institutional ownership trends
.

How do I buy shares of Amazon.com?

Shares of AMZN stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

Does Amazon.com have any subsidiaries?
The following companies are subsidiares of Amazon.com: 2lemetry, A100 ROW Inc., AbeBooks, Accept.Com, Aditya Birla Fashion and Retail, Alexa, Amazon Data Services Inc., Amazon Technologies Inc., Amazon US Services LLC, Amazon Web Services Inc., Amazon.com NV Investment Holdings LLC, Amazon.com Sales Inc., Amazon.com Services LLC, Amiato, Amie Street, Angel.ai, Annapurna Labs, Audible, Back To Basics Toys, Biba, Blink, Body Labs, BookSurge, Bookpages, Brilliance Audio, BuyVIP, CDNOW, Canvas Technology, Cloud9, Clusterk, Comixology, Convergence Corporation, CustomFlix, Dispatch, Double Helix Games, E8 Storage, EMVANTAGE Payments, Elemental Technologies, Evi, Exchange.Com, Fabric.com, GameSparks, GlowRoad, Goodreads, Graphiq, Health Navigator, IMDB, INLT, IVONA Text-To-Speech, Immedia, Joyo.com, Junglee, Kiva Systems, LOVEFiLM, Leep Technology, Lexcycle, Liquavista, LiveBid, MGM Studios, Mobipocket.com, Orbeus, OurHouse, Perpule, PillPack, PlanetAll.com, Prione, Pushbutton, Quidsi, Quorus, Reflexive Entertainment, Ring, Rooftop Media, Safaba Translation Solutions, Screentech, Selz, Shelfari, Shoefitr, Shopbop, SnapTell, Souq.com, Stanza, Tapzo, TeachStreet, Telebook, TenMarks Education, TextPayMe, The Book Depository, Touchco, Twitch, Umbra3D, UpNext, Veeqo, Whole Foods Market, Without A Box, Woot, Yap, Zappos, Zoox, dpreview, and eero.
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This page (NASDAQ:AMZN) was last updated on 6/15/2024 by MarketBeat.com Staff

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