In recent trading session today, 6.02 million shares of the Amazon.com Inc. (NASDAQ:AMZN) have been traded, and its beta is 1.15. Most recently the company’s share price was $182.14, and it changed around $1.34 or 0.74% from the last close, which brings the market valuation of the company to $1911.67B. AMZN at last check was trading at a discount to its 52-week high of $201.20, offering almost -10.46% off that amount. The share price’s 52-week low was $118.35, which indicates that the recent value has risen by an impressive 35.02% since then. We note from Amazon.com Inc.’s average daily trading volume that its 10-day average is 35.67 million shares, with the 3-month average coming to 40.30 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 1.14 for the current quarter.
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Amazon.com Inc. (NASDAQ:AMZN) trade information
Instantly AMZN has been showing a green trend so far today with a performance of 0.74% on intraday trading today. The performance over the last five days has remained in the red territory. The rise to weekly highs of 187.60 on recent trading dayincreased the stock’s daily price by 2.91%. The company’s shares are currently up 19.88% year-to-date, but still down -1.62% over the last five days. On the other hand, Amazon.com Inc. (NASDAQ:AMZN) is 3.84% up in the 30-day period. We can see from the shorts that 83.84 million shares have been sold at a short interest cover period of 2.49 day(s).
The consensus price target as assigned by Wall Street analysts is $211.5, which translates to bulls needing to increase their stock price by 13.88% 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 -1.90 percent over the past six months and at a 63.45% annual growth rate that is well above the industry average of 14.40%. Moreover, analysts have decided to roll up on their fiscal year 2024 revenue estimates. The rating firms predict that it will gain 32.60% in revenue this quarter, and will report an increase of 35.00% in the next quarter. The year-over-year growth rate is expected to be 10.50%, up from the previous year.
Consensus estimates provided by 42 financial analysts predict the company will bring in an average of 157.17B in revenue for the current quarter. 40 analysts expect Amazon.com Inc. to make 186.14B 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 11.10%. Forecasts for the next quarter put sales growth at 9.50%.
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 63.30% in 2024, but the outlook is positive 20.00% per year for the next five years.
AMZN Dividends
Amazon.com Inc.’s next quarterly earnings report is expected to be released on 2024-Oct-24.
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 64.14% of them are in the hands of institutional investors. The stock currently has a share float of 70.47%. Amazon.com Inc. stock is held by 6300.0 institutions, with VANGUARD GROUP INC being the largest institutional investor. By 2024-06-30, it held 7.3806% of the shares, which is about 767.07 million shares worth $148.24 billion.
BLACKROCK INC., with 6.2417% or 648.7 million shares worth $125.36 billion as of 2024-06-30, holds the second largest percentage of outstanding shares.
Vanguard Total Stock Market Index Fund and Vanguard 500 Index Fund were the top two Mutual Funds as of Jun 30, 2024. The former held 295.89 shares worth $53.87 billion, making up 2.82% of all outstanding shares. On the other hand, Vanguard 500 Index Fund held roughly 235.04 shares worth around $42.79 billion, which represents about 2.24% of the total shares outstanding.
