Amazon.com Inc. (NASDAQ:AMZN) Jumps 0.78 Percent, But More Could Be Coming.

In last trading session, Amazon.com Inc. (NASDAQ:AMZN) saw 36.99 million shares changing hands with its beta currently measuring 1.15. Company’s recent per share price level of $188.99 trading at $1.46 or 0.78% at ring of the bell on the day assigns it a market valuation of $1983.56B. That closing price of AMZN’s stock is at a discount of -6.46% from its 52-week high price of $201.20 and is indicating a premium of 37.38% 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 29.27 million shares which gives us an average trading volume of 38.93 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 1.24. 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.

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

Upright in the green during last session for gaining 0.78%, in the last five days AMZN remained trading in the green while hitting it’s week-highest on Friday, 10/18/24 when the stock touched $188.99 price level, adding 0.92% to its value on the day. Amazon.com Inc.’s shares saw a change of 24.38% in year-to-date performance and have moved 0.09% in past 5-day. Amazon.com Inc. (NASDAQ:AMZN) showed a performance of -0.46% in past 30-days. Number of shares sold short was 92.62 million shares which calculate 2.41 days to cover the short interests.

Wall Street analysts have assigned a consensus price target of 211.5 to the stock, which implies a rise of 10.64% to its current value. Analysts have been projecting 103 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 45.5% in reaching the projected high whereas dropping to the targeted low would mean a gain of 45.5% 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 8.22% of value to its shares in past 6 months, showing an annual growth rate of 63.45% while that of industry is 13.20. Apart from that, the company came raising its revenue forecast for fiscal year 2024.

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 63.21% while estimates for its earnings growth in next 5 years are of 17.00%.

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

Insiders are in possession of 8.99% of company’s total shares while institution are holding 64.10 percent of that, with stock having share float percentage of 70.44%. Investors also watch the number of corporate investors in a company very closely, which is 64.10% 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 767.07 million shares of worth $148.24 billion. And as of 2024-06-30, it was holding 7.3806 of the company’s outstanding shares.

The second largest institutional holder is BLACKROCK INC., which was holding about 648.7 million shares on 2024-06-30. The number of shares represents firm’s hold over 6.2417 of outstanding shares, having a total worth of $125.36 billion.