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.
Analyst Upgrades and Downgrades
Several research analysts have recently weighed in on the stock. Raymond James decreased their target price on shares of Amazon.com from $197.50 to $165.00 in a research note on Friday, April 29th. Deutsche Bank Aktiengesellschaft dropped their price objective on shares of Amazon.com from $174.00 to $155.00 in a report on Thursday, July 21st. Tigress Financial reaffirmed a "buy" rating and issued a $232.00 price objective on shares of Amazon.com in a research note on Wednesday, June 29th. Truist Financial reiterated a "buy" rating and issued a $175.00 target price on shares of Amazon.com in a report on Friday, June 17th. Finally, Piper Sandler raised their price objective on shares of Amazon.com from $170.00 to $175.00 and gave the company an "overweight" rating in a research report on Friday, July 29th. Two equities research analysts have rated the stock with a sell rating, two have issued a hold rating and thirty-seven have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average target price of $177.99.
Amazon.com Stock Performance
AMZN Stock traded down $0.75 during trading hours on Monday, hitting $142.80. 206,952 shares of the stock were exchanged, compared to its average volume of 79,006,352. 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 has a 12 month low of $101.26 and a 12 month high of $188.11. The firm has a market capitalization of $1.45 trillion, a P/E ratio of 128.69, a P/E/G ratio of 6.54 and a beta of 1.33. The company has a 50-day simple moving average of $119.07 and a two-hundred day simple moving average of $134.20.
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 for the quarter, missing analysts' consensus estimates of $0.15 by ($0.35). Amazon.com had a return on equity of 15.79% and a net margin of 2.39%. The business had revenue of $121.23 billion during the quarter, compared to the consensus estimate of $119.16 billion. During the same quarter in the previous year, the firm posted $0.76 earnings per share. The company's revenue for the quarter was up 7.2% compared to the same quarter last year. On average, analysts forecast that Amazon.com will post 0.97 earnings per share for the current fiscal year.
Insider Activity at Amazon.com
In related news, CEO David H. Clark sold 2,270 shares of the firm'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 transaction of $4,924,129.40. Following the completion of the transaction, the chief executive officer now owns 6,695 shares of the company's stock, valued at approximately $14,522,927.90. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. In related news, CFO Brian T. Olsavsky sold 761 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 value of $1,650,776.42. Following the transaction, the chief financial officer now directly owns 2,375 shares of the company's stock, valued at approximately $5,151,897.50. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CEO David H. Clark sold 2,270 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 value of $4,924,129.40. Following 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 sold 3,622 shares of company stock worth $7,856,915 in the last ninety days. 12.70% of the stock is owned by company insiders.
