Amazon.com - AMZN Stock Forecast, Price & News

Amazon.com, Inc. engages in the retail sale of consumer products and subscriptions in North America and internationally. The company operates through three segments: North America, International, and Amazon Web Services (AWS). It sells merchandise and content purchased for resale from third-party sellers through physical and online stores. The company also manufactures and sells electronic devices, including Kindle, Fire tablets, Fire TVs, Rings, and Echo and other devices; provides Kindle Direct Publishing, an online service that allows independent authors and publishers to make their books available in the Kindle Store; and develops and produces media content. In addition, it offers programs that enable sellers to sell their products on its websites, as well as its stores; and programs that allow authors, musicians, filmmakers, Twitch streamers, skill and app developers, and others to publish and sell content. Further, the company provides compute, storage, database, analytics, machine learning, and other services, as well as fulfillment, advertising, publishing, and digital content subscriptions. Additionally, it offers Amazon Prime, a membership program, which provides free shipping of various items; access to streaming of movies and series; and other services. The company serves consumers, sellers, developers, enterprises, and content creators. Amazon.com, Inc. was incorporated in 1994 and is headquartered in Seattle, Washington.

Amazon.com Price Performance

NASDAQ:AMZN opened at $143.18 on Tuesday. The company has a market capitalization of $1.46 trillion, a PE ratio of 128.36, a price-to-earnings-growth ratio of 6.54 and a beta of 1.33. The company has a debt-to-equity ratio of 0.44, a quick ratio of 0.68 and a current ratio of 0.95. The business's fifty day moving average is $119.44 and its 200 day moving average is $134.19. Amazon.com has a fifty-two week low of $101.26 and a fifty-two week high of $188.11.

Amazon.com (NASDAQ:AMZN - Get Rating) last released its earnings results on Thursday, July 28th. The e-commerce giant reported ($0.20) earnings per share for the quarter, missing the consensus estimate of $0.15 by ($0.35). The company had revenue of $121.23 billion for the quarter, compared to analysts' expectations of $119.16 billion. Amazon.com had a net margin of 2.39% and a return on equity of 15.79%. Amazon.com's revenue for the quarter was up 7.2% on a year-over-year basis. During the same quarter last year, the firm posted $0.76 earnings per share. Sell-side analysts predict that Amazon.com will post 0.97 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on AMZN shares. Piper Sandler lifted their price objective on shares of Amazon.com from $170.00 to $175.00 and gave the stock an "overweight" rating in a research note on Friday, July 29th. Monness Crespi & Hardt reduced their target price on shares of Amazon.com from $225.00 to $185.00 and set a "buy" rating for the company in a research note on Friday, April 29th. Needham & Company LLC reduced their target price on shares of Amazon.com from $207.50 to $175.00 in a research note on Friday, April 29th. Rosenblatt Securities lifted their price target on shares of Amazon.com to $118.00 and gave the company a "neutral" rating in a research report on Friday, July 29th. Finally, Wolfe Research boosted their target price on shares of Amazon.com from $140.00 to $170.00 and gave the stock an "outperform" rating in a research report on Friday, July 29th. Two analysts have rated the stock with a sell rating, two have assigned a hold rating and thirty-seven have given a buy rating to the company's stock. Based on data from MarketBeat, Amazon.com presently has an average rating of "Moderate Buy" and a consensus price target of $177.99.

Insider Activity

In other news, CEO David H. Clark sold 2,270 shares of the business's stock in a transaction dated Monday, May 23rd. The stock was sold at an average price of $2,169.22, for a total value of $4,924,129.40. Following the transaction, the chief executive officer now directly owns 6,695 shares in the company, valued at $14,522,927.90. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. In other news, CFO Brian T. Olsavsky sold 761 shares of Amazon.com stock in a transaction dated Monday, May 23rd. The stock was sold at an average price of $2,169.22, for a total value of $1,650,776.42. Following the sale, the chief financial officer now directly owns 2,375 shares of the company's stock, valued at $5,151,897.50. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO David H. Clark sold 2,270 shares of Amazon.com stock in a transaction dated Monday, May 23rd. The stock was sold at an average price of $2,169.22, for a total value of $4,924,129.40. Following the completion of the sale, the chief executive officer now directly owns 6,695 shares in the company, valued at $14,522,927.90. The disclosure for this sale can be found here. Insiders have sold 3,622 shares of company stock worth $7,856,915 over the last ninety days. Corporate insiders own 12.70% of the company's stock.