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 Ratings Changes

A number of analysts recently issued reports on the company. 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 report on Friday, July 29th. Needham & Company LLC reduced their price objective on Amazon.com from $207.50 to $175.00 in a research report on Friday, April 29th. Telsey Advisory Group lifted their price objective on Amazon.com from $145.00 to $150.00 and gave the company an "outperform" rating in a research report on Friday, July 29th. Credit Suisse Group reduced their price objective on Amazon.com from $185.00 to $170.00 and set an "outperform" rating for the company in a research report on Tuesday, July 26th. Finally, Stifel Nicolaus cut their target price on Amazon.com from $190.00 to $185.00 in a report on Friday, July 15th. Two investment analysts have rated the stock with a sell rating, two have assigned a hold rating and thirty-seven have given a buy rating to the company. According to MarketBeat.com, Amazon.com has a consensus rating of "Moderate Buy" and an average price target of $177.99.

Amazon.com Stock Up 1.1 %

NASDAQ:AMZN opened at $144.78 on Wednesday. The company has a current ratio of 0.95, a quick ratio of 0.68 and a debt-to-equity ratio of 0.44. The stock's 50 day moving average is $119.88 and its two-hundred day moving average is $134.27. The company has a market capitalization of $1.47 trillion, a price-to-earnings ratio of 129.79, a PEG ratio of 6.52 and a beta of 1.33. Amazon.com has a 1-year low of $101.26 and a 1-year high of $188.11.

Amazon.com (NASDAQ:AMZN - Get Rating) last released its quarterly earnings data 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). The company had revenue of $121.23 billion for 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%. The firm's revenue for the quarter was up 7.2% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.76 earnings per share. Equities analysts forecast that Amazon.com will post 0.97 earnings per share for the current fiscal year.

Insider Buying and Selling at Amazon.com

In other news, CEO David H. Clark sold 2,270 shares of the business'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 value of $4,924,129.40. Following the transaction, the chief executive officer now directly 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 Securities & Exchange Commission, which can be accessed through this hyperlink. In other news, CEO David H. Clark sold 2,270 shares of the business'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 value of $4,924,129.40. Following the transaction, the chief executive officer now directly 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 Securities & Exchange Commission, which can be accessed through this hyperlink. Also, VP Shelley Reynolds sold 173 shares of the business'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 value of $375,275.06. Following the completion of the transaction, the vice president now directly owns 5,989 shares in the company, valued at $12,991,458.58. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 3,622 shares of company stock valued at $7,856,915. 12.70% of the stock is currently owned by corporate insiders.