In today’s recent session, 13.35 million shares of the Amazon.com Inc. (NASDAQ:AMZN) have been traded, and its beta is 1.18. Most recently the company’s share price was $160.92, and it changed around -$0.1 or -0.06% from the last close, which brings the market valuation of the company to $1674.63B. AMZN at last check was trading at a discount to its 52-week high of $201.20, offering almost -25.03% off that amount. The share price’s 52-week low was $118.35, which indicates that the recent value has risen by an impressive 26.45% since then. We note from Amazon.com Inc.’s average daily trading volume that its 10-day average is 57.23 million shares, with the 3-month average coming to 42.55 million.

Amazon.com Inc. stock received a consensus recommendation rating of Buy, based on a mean score of 1.25. If we narrow it down even further, the data shows that 1 out of 47 analysts rate the stock as a Sell; another 15 rate it as Overweight. Among the rest, 3 recommended AMZN as a Hold, whereas 28 deemed it a Buy, and 0 rated it as Underweight. Amazon.com Inc. is expected to report earnings per share of 1.04 for the current quarter.

Amazon.com Inc. (NASDAQ:AMZN) trade information

Instantly AMZN has been showing red trend so far today with a performance of -0.06% on intraday trading today. The performance over the last five days has remained in the red territory. The rise to weekly highs of 190.60 on recent trading dayincreased the stock’s daily price by 15.57%. The company’s shares are currently up 5.91% year-to-date, but still down -11.44% over the last five days. On the other hand, Amazon.com Inc. (NASDAQ:AMZN) is -19.25% down in the 30-day period. We can see from the shorts that 75.65 million shares have been sold at a short interest cover period of 1.64 day(s).

The consensus price target as assigned by Wall Street analysts is $213, which translates to bulls needing to increase their stock price by 24.45% from its current value. Analyst projections state that AMZN is forecast to be at a low of $103 and a high of $270.

Amazon.com Inc. (AMZN) estimates and forecasts

Amazon.com Inc. share prices are performing particularly well compared to other companies within the same industry. As is evident from the statistics, the company’s shares have fallen -5.51 percent over the past six months and at a 62.07% annual growth rate that is well above the industry average of 18.50%. Moreover, analysts have decided to roll up on their fiscal year 2024 revenue estimates. The rating firms predict that it will gain 20.90% in revenue this quarter, and will report an increase of 23.00% in the next quarter. The year-over-year growth rate is expected to be 1.40%, up from the previous year.

Consensus estimates provided by 40 financial analysts predict the company will bring in an average of 144.13B in revenue for the current quarter. 39 analysts expect Amazon.com Inc. to make 170.69B in revenue for the current ending quarter. The company’s sales for the same quarters a year ago were 141.41B and 169.96B respectively. Analysts predict that the company’s current quarter sales will jump, forecast at 1.90%. Forecasts for the next quarter put sales growth at 0.40%.

Looking at the company’s year-over-year earnings, the past five years showed a positive earnings growth rate of 23.55%. Amazon.com Inc. earnings are expected to increase by 63.07% in 2024, but the outlook is positive 30.50% per year for the next five years.

Amazon.com Inc. (NASDAQ:AMZN)’s Major holders

Upon looking at major shareholders, it appears that insiders hold 8.99% of Amazon.com Inc. shares, and 63.18% of them are in the hands of institutional investors. The stock currently has a share float of 69.43%. Amazon.com Inc. stock is held by 6258.0 institutions, with VANGUARD GROUP INC being the largest institutional investor. By 2024-03-31, it held 7.588% of the shares, which is about 785.81 million shares worth $141.74 billion.

BLACKROCK INC., with 6.1659% or 638.54 million shares worth $115.18 billion as of 2024-03-31, holds the second largest percentage of outstanding shares.