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
Shares of AMZN Stock traded down $1.77 during trading on Friday, hitting $140.80. The company had a trading volume of 50,686,865 shares, compared to its average volume of 67,232,560. The company has a quick ratio of 0.68, a current ratio of 0.95 and a debt-to-equity ratio of 0.44. The stock's 50-day moving average is $117.09 and its two-hundred day moving average is $134.33. The stock has a market capitalization of $1.43 trillion, a price-to-earnings ratio of 126.22, a price-to-earnings-growth ratio of 6.41 and a beta of 1.33. Amazon.com has a 52 week low of $101.26 and a 52 week high of $188.11.
Amazon.com (NASDAQ:AMZN - Get Rating) last issued its earnings results on Thursday, July 28th. The e-commerce giant reported ($0.20) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.15 by ($0.35). The firm had revenue of $121.23 billion during the quarter, compared to analysts' expectations of $119.16 billion. Amazon.com had a return on equity of 15.79% and a net margin of 2.39%. The firm's quarterly revenue was up 7.2% compared to the same quarter last year. During the same period in the prior year, the company earned $0.76 EPS. As a group, analysts predict that Amazon.com will post 0.97 EPS for the current fiscal year.
Analyst Ratings Changes
AMZN has been the subject of several research analyst reports. UBS Group lifted their price objective on shares of Amazon.com from $167.00 to $180.00 and gave the company a "buy" rating in a research note on Friday, July 29th. BMO Capital Markets reduced their price target on shares of Amazon.com from $182.50 to $172.50 in a research report on Friday, April 29th. Telsey Advisory Group lifted their price target on shares of Amazon.com from $145.00 to $150.00 and gave the company an "outperform" rating in a research report on Friday, July 29th. Susquehanna Bancshares reduced their price target on shares of Amazon.com from $250.00 to $190.00 in a research report on Friday, April 29th. Finally, Deutsche Bank Aktiengesellschaft cut their price objective on shares of Amazon.com from $174.00 to $155.00 in a report on Thursday, July 21st. Two equities research analysts have rated the stock with a sell rating, two have given a hold rating and thirty-seven have issued a buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $177.99.
Insiders Place Their Bets
In other Amazon.com news, CEO Andrew R. Jassy sold 1,181 shares of the company's stock in a transaction that occurred on Monday, May 16th. The stock was sold at an average price of $2,262.00, for a total value of $2,671,422.00. Following the completion of the sale, the chief executive officer now owns 92,781 shares of the company's stock, valued at $209,870,622. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. In other Amazon.com news, CEO Andrew R. Jassy sold 1,181 shares of the company's stock in a transaction that occurred on Monday, May 16th. The stock was sold at an average price of $2,262.00, for a total value of $2,671,422.00. Following the completion of the sale, the chief executive officer now owns 92,781 shares of the company's stock, valued at $209,870,622. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CFO Brian T. Olsavsky sold 761 shares of the company's stock in a transaction that occurred on 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 completion of the sale, the chief financial officer now directly owns 2,375 shares of the company's stock, valued at approximately $5,151,897.50. The disclosure for this sale can be found here. Insiders sold a total of 4,803 shares of company stock valued at $10,528,337 over the last quarter. 12.70% of the stock is owned by corporate insiders.
