Investors in cash trouble should check out Amazon.com Inc. (AMZN)

Amazon.com Inc. (NASDAQ: AMZN) stock jumped 1.00% on Wednesday to $94.13 against a previous-day closing price of $93.20. With 59.13 million shares changed hands, the volume of the stock remained lighter than its average volume of 72.06 million shares. During the session, the Internet Retail company that operates in wider Consumer Cyclical sector, reached to the highest price of $94.58 whereas the lowest price it dropped to was $92.83. The 52-week range on AMZN shows that it touched its highest point at $181.68 and its lowest point at $85.87 during that stretch. It currently has a 1-year price target of $141.36. Beta for the stock currently stands at 1.22.

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Price Performance and Earnings:

Stock performance is one of the indicators that investors use to determine whether they will profit from a stock. The price performance of AMZN was down-trending over the past week, with a drop of -3.08%, but this was down by -21.95% over a month. Three-month performance dropped to -31.43% while six-month performance fell -11.84%. The stock lost -47.41% in the past year, while it has lost -43.54% so far this year. A look at the trailing 12-month EPS for AMZN yields 1.08 with Next year EPS estimates of 1.68. For the next quarter, that number is 0.20. This implies an EPS growth rate of 54.90% for this year and 82.61% for next year. EPS is expected to grow by 26.00% annually over the next five years; however, over the past five years, the company experienced an annual growth rate of 67.60%.

Float and Shares Shorts:

At present, 10.19 billion AMZN shares are outstanding with a float of 9.20 billion shares on hand for trading. On Oct 13, 2022, short shares totaled 75.25 million, which was 0.74% higher than short shares on Sep 14, 2022. In addition to Mr. Andrew R. Jassy as the firm’s Pres, CEO & Director, Mr. Brian T. Olsavsky serves as its Sr. VP & CFO.


Institutional Ownership:

Through their ownership of 59.67% of AMZN’s outstanding shares, institutional investors have majority control over the company. Other institutions hold 9.82% of AMZN, in contrast to 33.42% held by mutual funds. Shares owned by individuals account for 26.39%. As the largest shareholder in AMZN with 6.52% of the stake, The Vanguard Group, Inc. holds 664,770,900 shares worth 664,770,900. A second-largest stockholder of AMZN, BlackRock Fund Advisors, holds 375,545,302 shares, controlling over 3.68% of the firm’s shares. SSgA Funds Management, Inc. is the third largest shareholder in AMZN, holding 329,849,003 shares or 3.23% stake. With a 2.55% stake in AMZN, the Vanguard Total Stock Market Index is the largest stakeholder. A total of 259,867,355 shares are owned by the mutual fund manager. The Vanguard 500 Index Fund, which owns about 1.99% of AMZN stock, is the second-largest Mutual Fund holder. It holds 202,804,167 shares valued at 20.78 billion. SPDR S&P 500 ETF Trust holds 0.98% of the stake in AMZN, owning 99,774,110 shares worth 10.22 billion.

Analysts Ratings:

Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for AMZN since 52 analysts follow the stock currently. There are 41 analysts who recommend BUY ratings, while 1 suggest SELL ratings. Of the remaining analysts, 3 believe that the stock is worth HOLDING, 7 give it an OVERWEIGHT rating, and 0 thinks that it’s UNDERWEIGHT. In the same way, a target price assigned to a stock can also reveal much about its potential. With AMZN analysts setting a high price target of $170.00 and a low target of $80.00, the average target price over the next 12 months is $135.94. Based on these targets, AMZN could surge 80.6% to reach the target high and fall by -15.01% to reach the target low. Reaching the average price target will result in a growth of 44.42% from current levels.


EPS: Estimates vs Actual

It is also common to use earnings estimates to evaluate a firm’s growth potential and to determine trading strategy. AMZN will report FY 2022 earnings on 02/02/2023. Analysts have provided yearly estimates in a range of $0.13 being high and -$0.92 being low. For AMZN, this leads to a yearly average estimate of -$0.10. The earnings surprise of a firm occurs when the actual results change from the consensus earnings estimate. Amazon.com Inc. surprised analysts by $0.06 when it reported $0.28 EPS against a consensus estimate of $0.22. The surprise factor in the prior quarter was -$0.32. Based on analyst estimates, the high estimate for the next quarter is $0.47 and the low estimate is -$0.03. The average estimate for the next quarter is thus $0.22.

Summary of Insider Activity:

Insiders traded AMZN stock several times over the past three months with 0 Buys and 33 Sells. In these transactions, 0 shares were bought while 4,425 shares were sold. The number of buy transactions has increased to 30 while that of sell transactions has risen to 95 over the past year. The total number of shares bought during that period was 147,876 while 1,328,683 shares were sold.

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