In recent trading session, Amazon.com Inc. (NASDAQ:AMZN) saw 11.24 million shares changing hands at last check today with its beta currently measuring 1.16. Company’s recent per share price level of $177.40 trading at -$3.43 or -1.90% at last check today assigns it a market valuation of $1846.13B. That most recent trading price of AMZN’s stock is at a discount of -13.42% from its 52-week high price of $201.20 and is indicating a premium of 33.29% from its 52-week low price of $118.35. Taking a look at company’s average trading volume for last 10-days demonstrates a volume of 42.1 million shares which gives us an average trading volume of 42.37 million if we extend that period to 3-months.
For Amazon.com Inc. (AMZN), analysts’ consensus is at an average recommendation of Buy while assigning it a mean rating of 1.23. Splitting up the data highlights that, out of 44 analysts covering the stock, 0 rated the stock as a Sell while 1 recommended an Overweight rating for the stock. 3 suggested the stock as a Hold whereas 40 see the stock as a Buy. 0 analyst(s) advised it as an Underweight. The company is expected to be making an EPS of 0.94 in the current quarter.
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Amazon.com Inc. (NASDAQ:AMZN) trade information
Upright in the red during last session for losing -1.90%, in the last five days AMZN remained trading in the red while hitting it’s week-highest on Tuesday, 07/23/24 when the stock touched $177.40 price level, adding 6.33% to its value on the day. Amazon.com Inc.’s shares saw a change of 16.76% in year-to-date performance and have moved -3.46% in past 5-day. Amazon.com Inc. (NASDAQ:AMZN) showed a performance of -4.80% in past 30-days. Number of shares sold short was 75.65 million shares which calculate 1.64 days to cover the short interests.
Wall Street analysts have assigned a consensus price target of 205 to the stock, which implies a rise of 13.46% to its recent value today. Analysts have been projecting 84 as a low price target for the stock while placing it at a high target of 270. It follows that stock’s current price would jump 52.65% in reaching the projected high whereas dropping to the targeted low would mean a gain of 52.65% for stock’s current value.
Amazon.com Inc. (AMZN) estimates and forecasts
Statistics highlight that Amazon.com Inc. is scoring comparatively higher than the scores of other players of the relevant industry. The company added 13.09% of value to its shares in past 6 months, showing an annual growth rate of 58.28% while that of industry is 17.20. Apart from that, the company came raising its revenue forecast for fiscal year 2024. This year revenue growth is estimated to rise 2.40% from the last financial year’s standing.
40 industry analysts have given their estimates about the company’s current quarter revenue by setting an average figure of 136.88B for the same. And 40 analysts are in estimates of company making revenue of 145.83B in the next quarter. Company posted 134.38B and 141.41B of sales in current and next quarters respectively a year earlier.
Weighing up company’s earnings over the past 5-year and in the next 5-year periods, we find the company posting an annual earnings growth rate of 23.55% during past 5 years. In 2024, company’s earnings growth rate is likely to be around 57.90% while estimates for its earnings growth in next 5 years are of 30.50%.
AMZN Dividends
Amazon.com Inc. is more likely to be releasing its next quarterly report in August and investors are confident in the company announcing better current-quarter dividends despite the fact that it has been facing issues arising out of mounting debt.
Amazon.com Inc. (NASDAQ:AMZN)’s Major holders
Insiders are in possession of 9.07% of company’s total shares while institution are holding 63.69 percent of that, with stock having share float percentage of 70.04%. Investors also watch the number of corporate investors in a company very closely, which is 63.69% institutions for Amazon.com Inc. that are currently holding shares of the company. VANGUARD GROUP INC is the top institutional holder at AMZN for having 785.81 million shares of worth $141.74 billion. And as of 2024-03-31, it was holding 7.588 of the company’s outstanding shares.
The second largest institutional holder is BLACKROCK INC., which was holding about 638.54 million shares on 2024-03-31. The number of shares represents firm’s hold over 6.1659 of outstanding shares, having a total worth of $115.18 billion.
On the other hand, Vanguard Total Stock Market Index Fund and Vanguard 500 Index Fund are the top two Mutual Funds which own company’s shares. As of Mar 31, 2024, the former fund manager was holding 293.87 shares of worth $52.63 billion or 2.82% of the total outstanding shares. The later fund manager was in possession of 230.36 shares on Mar 31, 2024, making its stake of worth around $41.25 billion in the company or a holder of 2.21% of company’s stock.
