In the last trading session, 41.9 million Amazon.com Inc. (NASDAQ:AMZN) shares changed hands as the company’s beta touched 1.17. With the company’s per share price at $146.13 changed hands at $0.95 or 0.65% during last session, the market valuation stood at $1510.11B. AMZN’s last price was a discount, traded about -0.79% off its 52-week high of $147.29. The share price had its 52-week low at $81.43, which suggests the last value was 44.28% up since then. When we look at Amazon.com Inc.’s average trading volume, we note the 10-day average is 48.41 million shares, with the 3-month average coming to 52.44 million.
Analysts gave the Amazon.com Inc. (AMZN) stock a consensus recommendation rating of a Buy, calculated at a mean rating of 1.18. If we narrow down to specifics, the data shows that 0 out of 57 analysts rate the stock as a Sell, with a further 8 assigning it an Overweight rating. Of the remaining, 1 recommended AMZN as a Hold, 48 felt it is a Buy and 0 rated the stock as Underweight. Amazon.com Inc.’s EPS for the current quarter is expected to be $0.7.
Amazon.com Inc. (NASDAQ:AMZN) trade information
Instantly AMZN was in green as seen at the end of in last trading. With action 2.48%, the performance over the past five days has been green. The jump to weekly highs of 147.29 on Monday, 11/20/23 added 0.65% to the stock’s daily price. The company’s shares are showing year-to-date upside of 73.96%, with the 5-day performance at 2.48% in the green. However, in the 30-day time frame, Amazon.com Inc. (NASDAQ:AMZN) is 16.75% up. Looking at the short shares, we see there were 75.16 million shares sold at short interest cover period of 1.35 days.
The consensus price target for the stock as assigned by Wall Street analysts is $175.22, meaning bulls need an upside of 16.6% from its current market value. According to analyst projections, AMZN’s forecast low is $140.00 with $230.00 as the target high. To hit the forecast high, the stock’s price needs a -57.39% plunge from its current level, while the stock would need to tank 4.19% for it to hit the projected low.
Amazon.com Inc. (AMZN) estimates and forecasts
Data shows that the Amazon.com Inc. share is performing relatively much better than most of its peers within the same industry. As can be gleaned from the statistics, the company’s share value shot 27.06% over the past 6 months, a 276.06% in annual growth rate that is considerably higher than the industry average of 25.60%. Moreover, analysts have looked to higher expectations by upgrading its fiscal year 2023 revenue estimates. The rating firms predict current quarter revenue for Amazon.com Inc. will rise 2,233.30%, while the growth in revenue is estimated to hit 100.00% for the next quarter. Year-over-year growth is forecast to reach 1.70% up from the last financial year.
Consensus estimates given by 37 financial analysts project the company’s revenue in the current quarter to hit an average of $151.79 billion. 24 analysts are of the opinion that Amazon.com Inc.’s revenue for the quarter ending Mar 2024 will be $130.03 billion. The company’s revenue for the corresponding quarters a year ago was $149.2 billion and $113.91 billion respectively. According to analysts, the company will likely register a growth in its current quarter sales, forecast at 1.70%. The estimates for the next quarter sales put growth at 14.10%.
The 2023 estimates are for Amazon.com Inc. earnings to increase by 1083.99%.
Amazon.com Inc. is expected to release its next quarterly earnings report between January 31 and February 05.
Amazon.com Inc. (NASDAQ:AMZN)’s Major holders
If we look at who the major shareholders are, we find that insiders hold 9.72% of Amazon.com Inc. shares while 60.53% of the shares are in the hands of institutional holders. The share float percentage for the stock currently stands at 67.05%. There are 60.53% institutions holding the Amazon.com Inc. stock share, with Vanguard Group Inc the top institutional holder. As of Jun 29, 2023, the company held 7.04% of the shares, roughly 725.91 million AMZN shares worth $94.63 billion.
Blackrock Inc. holds the second largest percentage of outstanding shares, with 5.92% or 610.88 million shares worth $79.63 billion as of Jun 29, 2023.
Among Mutual Funds, the top two as of Jun 29, 2023 were Vanguard Total Stock Market Index Fund and Vanguard 500 Index Fund. With 272.0 million shares estimated at $35.46 billion under it, the former controlled 2.64% of total outstanding shares. On the other hand, Vanguard 500 Index Fund held about 2.06% of the shares, roughly 212.53 million shares worth around $27.71 billion.