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Amazon.com Inc. (AMZN) Analysis & Forecast for 2024

Amazon.com Inc. (NASDAQ: AMZN) is 18.92% higher on its value in year-to-date trading and has touched a low of $97.71 and a high of $183.00 in the current 52-week trading range. The question becomes, what are the chances the stock will continue to grow shareholders’ wealth in the market. Here’s what analysts think will happen to its price in the coming time. The AMZN stock was last observed hovering at around $180.97 in the last trading session, with the day’s loss setting it -0.28%.

Currently trading at $180.69, the stock is 2.11% and 5.63% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 32.52 million and changing -0.15% at the moment leaves the stock 23.89% off its SMA200. AMZN registered 77.15% gain for a year compared to 6-month gain of 42.14%. The firm has a 50-day simple moving average (SMA 50) of $3.35 and a 200-day simple moving average (SMA200) of $21.54.

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The stock witnessed a 1.39% loss in the last 1 month and extending the period to 3 months gives it a 18.92%, and is 0.55% up over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 1.47% over the week and 1.81% over the month.

Amazon.com Inc. (AMZN) has around 1525000 employees, a market worth around $1876.90B and $574.78B in sales. Current P/E ratio is 62.53 and Fwd P/E is 33.57. Profit margin for the company is 5.29%. Distance from 52-week low is 84.93% and -1.26% from its 52-week high. The company has generated returns on investments over the last 12 months (9.02%).

Amazon.com Inc. quarterly earnings per share for the current quarter are estimated at $0.83 with sales reaching $142.5B over the same period.The EPS is expected to grow by 43.82% this year, but quarterly earnings will post 11.60% year-over-year. Quarterly sales are estimated to grow 25.10% in year-over-year returns.

Amazon.com Inc. (AMZN) Top Institutional Holders

5,949 institutions hold shares in Amazon.com Inc. (AMZN), with institutional investors hold 69.18% of the company’s shares. The shares outstanding are 10.38B, and float is at 9.23B with Short Float at 0.79%. Institutions hold 62.83% of the Float.

The top institutional shareholder in the company is Vanguard Group Inc with over 725.91 million shares valued at $94.63 billion. The investor’s holdings represent 7.04% of the AMZN Shares outstanding. As of Jun 29, 2023, the second largest holder is Blackrock Inc. with 610.88 million shares valued at $79.63 billion to account for 5.92% of the shares outstanding. The other top investors are State Street Corporation which holds 335.87 million shares representing 3.26% and valued at over $43.78 billion, while FMR, LLC holds 2.72% of the shares totaling 280.45 million with a market value of $36.56 billion.

Amazon.com Inc. (AMZN) Insider Activity

The most recent transaction is an insider sale by Selipsky Adam,the company’sCEO Amazon Web Services. SEC filings show that Selipsky Adam sold 500 shares of the company’s common stock on Mar 22 ’24 at a price of $177.58 per share for a total of $88790.0. Following the sale, the insider now owns 0.13 million shares.

Amazon.com Inc. disclosed in a document filed with the SEC on Mar 21 ’24 that Selipsky Adam (CEO Amazon Web Services) sold a total of 500 shares of the company’s common stock. The trade occurred on Mar 21 ’24 and was made at $180.00 per share for $90000.0. Following the transaction, the insider now directly holds 0.13 million shares of the AMZN stock.

Still, SEC filings show that on Mar 08 ’24, Selipsky Adam (CEO Amazon Web Services) disposed off 500 shares at an average price of $176.31 for $88155.0. The insider now directly holds 133,100 shares of Amazon.com Inc. (AMZN).

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