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 subject of several research analyst reports. Piper Sandler raised their price target on Amazon.com from $170.00 to $175.00 and gave the stock an "overweight" rating in a research report on Friday, July 29th. DA Davidson reiterated a "buy" rating and set a $151.00 target price on shares of Amazon.com in a research report on Friday, August 5th. Barclays boosted their price target on Amazon.com from $195.00 to $200.00 and gave the company an "overweight" rating in a research report on Friday, July 29th. The Goldman Sachs Group reaffirmed a "buy" rating and issued a $175.00 price objective on shares of Amazon.com in a report on Thursday, August 4th. Finally, Susquehanna decreased their price target on Amazon.com from $250.00 to $190.00 in a research note on Friday, April 29th. Two analysts have rated the stock with a sell rating, two have given a hold rating and thirty-seven have assigned a buy rating to the stock. According to data from MarketBeat.com, Amazon.com currently has a consensus rating of "Moderate Buy" and a consensus price target of $177.99.

Amazon.com Stock Performance

Amazon.com stock traded up $2.91 during mid-day trading on Friday, hitting $143.55. 47,643,484 shares of the company's stock traded hands, compared to its average volume of 66,083,020. Amazon.com has a one year low of $101.26 and a one year high of $188.11. 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 firm has a 50 day moving average price of $119.07 and a 200 day moving average price of $134.23. The company has a market cap of $1.46 trillion, a PE ratio of 128.69, a price-to-earnings-growth ratio of 6.54 and a beta of 1.33.

Amazon.com (NASDAQ:AMZN - Get Rating) last issued its earnings results on Thursday, July 28th. The e-commerce giant reported ($0.20) EPS for the quarter, missing analysts' consensus estimates of $0.15 by ($0.35). Amazon.com had a net margin of 2.39% and a return on equity of 15.79%. The firm had revenue of $121.23 billion during the quarter, compared to analysts' expectations of $119.16 billion. During the same quarter last year, the firm earned $0.76 EPS. The business's revenue for the quarter was up 7.2% compared to the same quarter last year. On average, equities analysts forecast that Amazon.com will post 0.97 EPS for the current year.

Insider Buying and Selling

In other Amazon.com news, VP Shelley Reynolds sold 173 shares of the company'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 transaction, the vice president now owns 5,989 shares of the company's stock, valued at approximately $12,991,458.58. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. In other Amazon.com news, VP Shelley Reynolds sold 173 shares of the stock in a transaction dated 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 transaction, the vice president now owns 5,989 shares in the company, valued at approximately $12,991,458.58. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, CEO Andrew R. Jassy sold 1,181 shares of Amazon.com stock in a transaction dated 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 transaction, the chief executive officer now 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 have sold a total of 4,803 shares of company stock worth $10,528,337 in the last three months. Insiders own 12.70% of the company's stock.