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.

Analyst Upgrades and Downgrades

A number of research analysts have weighed in on AMZN shares. Oppenheimer cut their price target on shares of Amazon.com from $175.00 to $160.00 and set an "outperform" rating on the stock in a research note on Monday, July 25th. Needham & Company LLC reduced their target price on shares of Amazon.com from $207.50 to $175.00 in a research note on Friday, April 29th. Truist Financial reissued a "buy" rating and issued a $175.00 price target on shares of Amazon.com in a research note on Friday, June 17th. Evercore ISI reduced their price objective on Amazon.com from $205.00 to $180.00 and set an "outperform" rating for the company in a research report on Friday, June 24th. Finally, Itaú Unibanco initiated coverage on Amazon.com in a research report on Tuesday, July 26th. They issued an "outperform" rating and a $146.00 target price on the stock. Two research analysts have rated the stock with a sell rating, two have given a hold rating and thirty-seven have given a buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus target price of $177.99.

Amazon.com Price Performance

Shares of NASDAQ:AMZN traded up $2.91 during trading on Friday, reaching $143.55. 47,643,484 shares of the company traded hands, compared to its average volume of 66,083,020. The firm has a market capitalization of $1.46 trillion, a PE ratio of 128.69, a PEG ratio of 6.40 and a beta of 1.33. The company's 50 day moving average is $119.07 and its two-hundred day moving average is $134.27. Amazon.com has a 52 week low of $101.26 and a 52 week 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.

Amazon.com (NASDAQ:AMZN - Get Rating) last released its 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 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 the consensus estimate of $119.16 billion. During the same period in the prior year, the business earned $0.76 earnings per share. Amazon.com's quarterly revenue was up 7.2% compared to the same quarter last year. As a group, sell-side analysts predict that Amazon.com will post 0.97 earnings per share for the current year.

Insider Buying and Selling at Amazon.com

In other Amazon.com news, CEO David H. Clark sold 2,270 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 value of $4,924,129.40. Following the sale, the chief executive officer now owns 6,695 shares of the company's stock, valued at approximately $14,522,927.90. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. In related news, CFO Brian T. Olsavsky sold 761 shares of the business's stock in a transaction on Monday, May 23rd. The shares were sold at an average price of $2,169.22, for a total value of $1,650,776.42. Following the sale, the chief financial officer now owns 2,375 shares of the company's stock, valued at $5,151,897.50. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, CEO David H. Clark sold 2,270 shares of Amazon.com 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 $4,924,129.40. Following the completion of the transaction, 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 a total of 4,803 shares of company stock worth $10,528,337 over the last three months. Corporate insiders own 12.70% of the company's stock.