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.

Wall Street Analyst Weigh In

AMZN has been the topic of several recent analyst reports. Jefferies Financial Group decreased their target price on Amazon.com from $163.00 to $150.00 in a research note on Wednesday, July 20th. BMO Capital Markets decreased their target price on Amazon.com from $182.50 to $172.50 in a research note on Friday, April 29th. Stifel Nicolaus decreased their target price on Amazon.com from $190.00 to $185.00 in a research note on Friday, July 15th. JPMorgan Chase & Co. reduced their price objective on Amazon.com from $200.00 to $175.00 and set an "overweight" rating on the stock in a research note on Wednesday, June 29th. Finally, Evercore ISI reduced their price objective on Amazon.com from $205.00 to $180.00 and set an "outperform" rating on the stock in a research note on Friday, June 24th. Two investment analysts have rated the stock with a sell rating, two have assigned a hold rating and thirty-seven have issued a buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average price target of $177.99.

Amazon.com Price Performance

NASDAQ:AMZN opened at $140.64 on Friday. Amazon.com has a one year low of $101.26 and a one year high of $188.11. 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 stock has a market cap of $1.43 trillion, a PE ratio of 126.08, a P/E/G ratio of 6.28 and a beta of 1.33. The stock has a 50 day moving average price of $118.35 and a 200 day moving average price of $134.27.

Amazon.com (NASDAQ:AMZN - Get Rating) last posted its quarterly earnings results on Thursday, July 28th. The e-commerce giant reported ($0.20) EPS for the quarter, missing the consensus estimate of $0.15 by ($0.35). The company had revenue of $121.23 billion during the quarter, compared to analyst estimates 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% compared to the same quarter last year. During the same period in the prior year, the business posted $0.76 EPS. Equities research analysts expect that Amazon.com will post 0.97 EPS for the current fiscal year.

Insiders Place Their Bets

In other Amazon.com news, VP Shelley Reynolds sold 173 shares of the firm's stock in a transaction on Monday, May 23rd. The stock was sold at an average price of $2,169.22, for a total transaction of $375,275.06. Following the completion of the sale, the vice president now owns 5,989 shares of the company's stock, valued at $12,991,458.58. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. In other Amazon.com news, VP Shelley Reynolds sold 173 shares of the firm's stock in a transaction on Monday, May 23rd. The stock was sold at an average price of $2,169.22, for a total transaction of $375,275.06. Following the completion of the sale, the vice president now owns 5,989 shares of the company's stock, valued at $12,991,458.58. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CEO Andrew R. Jassy sold 1,181 shares of the firm's stock in a transaction 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 sale, the chief executive officer now directly owns 92,781 shares of the company's stock, valued at approximately $209,870,622. 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 insiders.