Amazon.com Inc (NASDAQ:AMZN) has a beta value of 1.16 and has seen 7.58 million shares traded in the recent trading session. The company, currently valued at $2426.02B, closed the recent trade at $230.72 per share which meant it lost -$0.43 on the day or -0.19% during that session. The AMZN stock price is -0.99% off its 52-week high price of $233.00 and 37.57% above the 52-week low of $144.05. If we look at the company’s 10-day average daily trading volume, we find that it stood at 37.79 million shares traded. The 3-month trading volume is 38.83 million shares.
The consensus among analysts is that Amazon.com Inc (AMZN) is Buy stock at the moment, with a recommendation rating of 1.26. 0 analysts rate the stock as a Sell, while 1 rate it as Overweight. 3 out of 44 have rated it as a Hold, with 40 advising it as a Buy. 0 have rated the stock as Underweight. The expected earnings per share for the stock is 1.47.
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Amazon.com Inc (NASDAQ:AMZN) trade information
Sporting -0.19% in the red today, the stock has traded in the green over the last five days, with the highest price hit on recent trading when the AMZN stock price touched $230.72 or saw a rise of 0.98%. Year-to-date, Amazon.com Inc shares have moved 51.85%, while the 5-day performance has seen it change 0.20%. Over the past 30 days, the shares of Amazon.com Inc (NASDAQ:AMZN) have changed 14.39%. Short interest in the company has seen 80.49 million shares shorted with days to cover at 1.76.
Wall Street analysts have a consensus price target for the stock at $225, which means that the shares’ value could drop -2.54% from the levels at last check today. The projected low price target is $210.0 while the price target rests at a high of $265.0. In that case, then, we find that the latest price level in today’s session is -14.86% off the targeted high while a plunge would see the stock lose 8.98% from the levels at last check today.
Amazon.com Inc (AMZN) estimates and forecasts
Figures show that Amazon.com Inc shares have outperformed across the wider relevant industry. The company’s shares have gained 23.98% over the past 6 months, with this year growth rate of 78.97%, compared to 16.10% for the industry. Revenue growth from the last financial year stood is estimated to be 10.96%.
45 analysts offering their estimates for the company have set an average revenue estimate of 187.25B for the current quarter. 32 have an estimated revenue figure of 158.51B for the next ending quarter. Year-ago sales stood 169.96B and 143.31B respectively for this quarter and the next, and analysts expect sales will grow by 10.17% for the current quarter and 10.96% for the next.
If we evaluate the company’s growth over the last 5-year and for the next 5-year period, we find that annual earnings growth was 23.55% over the past 5 years. Earnings growth for 2024 is a modest 77.14% while over the next 5 years, the company’s earnings are expected to increase by 21.00%.
AMZN Dividends
Amazon.com Inc is expected to release its next earnings report in January this year, and investors are excited at the prospect of better dividends despite the company’s debt issue.
Amazon.com Inc (NASDAQ:AMZN)’s Major holders
Insiders own 10.13% of the company shares, while shares held by institutions stand at 64.31% with a share float percentage of 71.56%. Investors are also buoyed by the number of investors in a company, with Amazon.com Inc having a total of 6382.0 institutions that hold shares in the company. The top two institutional holders are VANGUARD GROUP INC with over 767.07 million shares worth more than $148.24 billion. As of 2024-06-30, VANGUARD GROUP INC held 7.3806% of shares outstanding.
The other major institutional holder is BLACKROCK INC., with the holding of over 648.7 million shares as of 2024-06-30. The firm’s total holdings are worth over $125.36 billion and represent 6.2417% of shares outstanding.
Also the top two Mutual Funds that are holding company’s shares are Vanguard Total Stock Market Index Fund and Vanguard 500 Index Fund. As of Sep 30, 2024, the former fund manager holds about 2.85% shares in the company for having 299.43 shares of worth $68.83 billion while later fund manager owns 244.62 shares of worth $56.23 billion as of Sep 30, 2024, which makes it owner of about 2.33% of company’s outstanding stock.
