Amazon.com Inc (NASDAQ: AMZN) is 37.50% higher on its value in year-to-date trading and has touched a low of $139.52 and a high of $212.25 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 $206.84 in the last trading session, with the day’s gains setting it 2.07%.
Currently trading at $208.91, the stock is 7.31% and 10.50% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 38.7 million and changing 1.00% at the moment leaves the stock 14.62% off its SMA200. AMZN registered 45.52% gain for a year compared to 6-month gain of 11.67%. The firm has a 50-day simple moving average (SMA 50) of $189.051 and a 200-day simple moving average (SMA200) of $182.26385.
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The stock witnessed a 11.39% loss in the last 1 month and extending the period to 3 months gives it a 22.82%, and is 4.72% 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 2.31% over the week and 2.00% over the month.
Amazon.com Inc (AMZN) has around 1525000 employees, a market worth around $2196.69B and $620.13B in sales. Current P/E ratio is 44.77 and Fwd P/E is 33.68. Profit margin for the company is 8.04%. Distance from 52-week low is 49.73% and -1.57% from its 52-week high. The company has generated returns on investments over the last 12 months (12.66%).
with sales reaching $187.21B over the same period.The EPS is expected to grow by 76.47% this year, but quarterly earnings will post 10.90% year-over-year. Quarterly sales are estimated to grow 10.10% in year-over-year returns.
Amazon.com Inc (AMZN) Top Institutional Holders
6352.0 institutions hold shares in Amazon.com Inc (AMZN), with institutional investors hold 71.76% of the company’s shares. The shares outstanding are 10.38B, and float is at 9.38B with Short Float at 0.82%. Institutions hold 64.42% 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 RUBINSTEIN JONATHAN, the company’s Director. SEC filings show that RUBINSTEIN JONATHAN sold 4,766 shares of the company’s common stock on Nov 07 ’24 at a price of $209.85 per share for a total of $1.0 million. Following the sale, the insider now owns 94630.0 shares.
Amazon.com Inc disclosed in a document filed with the SEC on Nov 08 ’24 that BEZOS JEFFREY P (Executive Chair) sold a total of 2,996,362 shares of the company’s common stock. The trade occurred on Nov 08 ’24 and was made at $208.85 per share for $625.78 million. Following the transaction, the insider now directly holds 917.42 million shares of the AMZN stock.
Still, SEC filings show that on Nov 11 ’24, BEZOS JEFFREY P (Executive Chair) disposed off 2,996,362 shares at an average price of $206.75 for $619.5 million. The insider now directly holds 914,420,614 shares of Amazon.com Inc (AMZN).
