Amazon.com, Inc. (AMZN) Stock Performance: A Deep Dive

Amazon.com, Inc. (NASDAQ:AMZN) has been a dominant player in the e-commerce industry for decades, and its stock performance has been a subject of interest for investors and analysts alike. In this article, we will delve into the latest news and trends surrounding Amazon’s stock, including its recent price performance, earnings reports, and analyst upgrades and downgrades.

Recent Price Performance

Amazon’s stock opened at $209.87 on Thursday, with a market cap of $2.25 trillion, a PE ratio of 29.27, a P/E/G ratio of 1.61, and a beta of 1.40. The company has a 12-month low of $161.38 and a 12-month high of $258.60. The 50-day moving average price is $221.35, and the 200-day moving average price is $226.32.

Earnings Reports

Amazon.com last posted its quarterly earnings data on Thursday, February 5th. The e-commerce giant reported $1.95 earnings per share for the quarter, missing analysts’ consensus estimates of $1.97 by ($0.02). The firm had revenue of $213.39 billion during the quarter, compared to analysts’ expectations of $211.02 billion. Amazon.com had a return on equity of 21.87% and a net margin of 10.83%. The business’s revenue for the quarter was up 13.6% compared to the same quarter last year.

Analyst Upgrades and Downgrades

Several equities research analysts recently weighed in on the stock. DZ Bank upgraded shares of Amazon.com to a ‘strong-buy’ rating in a research report on Friday, February 6th. Needham & Company LLC reiterated a ‘buy’ rating and set a $265.00 price objective on shares of Amazon.com in a research report on Tuesday. Daiwa Securities Group dropped their price objective on shares of Amazon.com from $300.00 to $280.00 and set a ‘buy’ rating for the company in a research note on Wednesday, February 11th. Wells Fargo & Company set a $304.00 target price on shares of Amazon.com and gave the stock an ‘overweight’ rating in a report on Monday, February 23rd. Finally, KeyCorp set a $285.00 target price on shares of Amazon.com in a research report on Friday, February 6th. One analyst has rated the stock with a Strong Buy rating, fifty-three have assigned a Buy rating, and four have issued a Hold rating to the company. According to MarketBeat.com, the stock presently has an average rating of ‘Moderate Buy’ and a consensus target price of $286.93.

Insider Activity

In related news, SVP David Zapolsky sold 10,649 shares of the business’s stock in a transaction on Tuesday, February 24th. The stock was sold at an average price of $205.43, for a total transaction of $2,187,624.07. Following the completion of the transaction, the senior vice president owned 41,190 shares in the company, valued at $8,461,661.70. The trade was a 20.54% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Douglas J. Herrington sold 6,835 shares of the company’s stock in a transaction on Monday, February 23rd. The shares were sold at an average price of $205.82, for a total value of $1,406,779.70. Following the completion of the transaction, the chief executive officer directly owned 522,361 shares in the company, valued at $107,512,341.02. This trade represents a 1.29% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last 90 days, insiders have sold 71,686 shares of company stock valued at $14,688,739. 9.70% of the stock is currently owned by corporate insiders.

Amazon.com Company Profile

Amazon.com, Inc. is a diversified technology and retail company best known for its e-commerce marketplace and broad portfolio of consumer and enterprise services. Founded by Jeff Bezos in 1994 and headquartered in Seattle, Washington, the company launched as an online bookseller and expanded into a global retail platform that sells products directly to consumers. Amazon’s e-commerce platform offers a wide range of products, including books, electronics, clothing, home goods, and more. The company also offers various services, including cloud computing, advertising, and artificial intelligence.

In conclusion, Amazon.com, Inc. (AMZN) stock performance has been a subject of interest for investors and analysts alike. The company’s recent price performance, earnings reports, and analyst upgrades and downgrades have all contributed to its stock’s volatility. As with any investment, it is essential to do your research and consider multiple factors before making a decision. We hope this article has provided you with valuable insights into Amazon’s stock performance and company profile.