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.

Analysts Set New Price Targets

A number of brokerages recently commented on AMZN. Susquehanna Bancshares lowered their target price on Amazon.com from $250.00 to $190.00 in a report on Friday, April 29th. JPMorgan Chase & Co. decreased their price objective on Amazon.com from $200.00 to $175.00 and set an "overweight" rating for the company in a research note on Wednesday, June 29th. Wolfe Research lifted their price objective on Amazon.com from $140.00 to $170.00 and gave the company an "outperform" rating in a research note on Friday, July 29th. Cowen lifted their price objective on Amazon.com from $210.00 to $215.00 and gave the company an "outperform" rating in a research note on Friday, July 29th. Finally, MKM Partners decreased their price objective on Amazon.com from $180.00 to $165.00 in a research note on Monday, July 25th. Two research 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. Based on data from MarketBeat, Amazon.com currently has a consensus rating of "Moderate Buy" and an average target price of $177.99.

Amazon.com Stock Performance

Amazon.com stock opened at $139.41 on Tuesday. The firm has a market capitalization of $1.42 trillion, a P/E ratio of 124.98, a PEG ratio of 6.41 and a beta of 1.33. The stock has a fifty day moving average price of $117.57 and a 200 day moving average price of $134.18. Amazon.com has a 52 week low of $101.26 and a 52 week high of $188.11. The company has a current ratio of 0.95, a quick ratio of 0.68 and a debt-to-equity ratio of 0.44.

Amazon.com (NASDAQ:AMZN - Get Rating) last announced 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). Amazon.com had a return on equity of 15.79% and a net margin of 2.39%. The firm had revenue of $121.23 billion for the quarter, compared to analyst estimates of $119.16 billion. During the same quarter in the prior year, the company earned $0.76 earnings per share. The business's revenue was up 7.2% compared to the same quarter last year. Equities research analysts anticipate that Amazon.com will post 0.97 earnings per share for the current year.

Insider Activity at Amazon.com

In other Amazon.com news, CEO Andrew R. Jassy sold 1,181 shares of the 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 transaction 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 transaction was disclosed in a document filed with the SEC, which is available at this link. In other news, CFO Brian T. Olsavsky sold 761 shares of Amazon.com 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 $1,650,776.42. Following the transaction, the chief financial officer now directly owns 2,375 shares in the company, valued at approximately $5,151,897.50. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. 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 $209,870,622. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 4,803 shares of company stock valued at $10,528,337. Insiders own 12.70% of the company's stock.