Amazon.com Inc. (NASDAQ: AMZN) is 17.08% higher on its value in year-to-date trading and has touched a low of $118.35 and a high of $201.20 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 $173.33 in the last trading session, with the day’s gains setting it 4.56%.
Currently trading at $177.89, the stock is 2.61% and -2.26% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 39.74 million and changing 2.63% at the moment leaves the stock 3.00% off its SMA200. AMZN registered 29.59% gain for a year compared to 6-month loss of 2.52%.
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The stock witnessed a 9.86% gain in the last 1 month and extending the period to 3 months gives it a -1.87%, and is 4.15% 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 2.44% over the week and 2.15% over the month.
Amazon.com Inc. (AMZN) has around 1525000 employees, a market worth around $1867.06B and $604.33B in sales. Current P/E ratio is 42.62 and Fwd P/E is 30.33. Profit margin for the company is 7.35%. Distance from 52-week low is 50.31% and -11.59% from its 52-week high. The company has generated returns on investments over the last 12 months (12.02%).
The EPS is expected to grow by 63.09% this year
6348.0 institutions hold shares in Amazon.com Inc. (AMZN), with institutional investors hold 70.49% of the company’s shares. The shares outstanding are 10.38B, and float is at 9.35B with Short Float at 0.86%. Institutions hold 64.16% of the Float.
The top institutional shareholder in the company is VANGUARD GROUP INC with over 767.07 million shares valued at $148.24 billion. The investor’s holdings represent 7.3806 of the AMZN Shares outstanding. As of 2024-06-30, the second largest holder is BLACKROCK INC. with 648.7 million shares valued at $125.36 billion to account for 6.2417 of the shares outstanding. The other top investors are STATE STREET CORP which holds 347.81 million shares representing 3.3466 and valued at over $67.21 billion, while FMR LLC holds 3.1686 of the shares totaling 329.31 million with a market value of $63.64 billion.
Amazon.com Inc. (AMZN) Insider Activity
The most recent transaction is an insider sale by Herrington Douglas J, the company’s CEO Worldwide Amazon Stores. SEC filings show that Herrington Douglas J sold 3,500 shares of the company’s common stock on Sep 03 ’24 at a price of $177.87 per share for a total of $0.62 million. Following the sale, the insider now owns 0.52 million shares.
Amazon.com Inc. disclosed in a document filed with the SEC on Aug 21 ’24 that Jassy Andrew R (President and CEO) sold a total of 20,784 shares of the company’s common stock. The trade occurred on Aug 21 ’24 and was made at $180.77 per share for $3.76 million. Following the transaction, the insider now directly holds 2.06 million shares of the AMZN stock.
Still, SEC filings show that on Aug 21 ’24, Herrington Douglas J (CEO Worldwide Amazon Stores) disposed off 6,104 shares at an average price of $181.20 for $1.11 million. The insider now directly holds 521,160 shares of Amazon.com Inc. (AMZN).
