Amazon.com Inc. (NASDAQ: AMZN) stock jumped 1.53% on Wednesday to $116.75 against a previous-day closing price of $114.99. With 62.27 million shares changed hands, the volume of the stock remained heavier than its average volume of 61.15 million shares. During the session, the Internet Retail company that operates in wider Consumer Cyclical sector, reached to the highest price of $117.33 whereas the lowest price it dropped to was $115.03. The 52-week range on AMZN shows that it touched its highest point at $146.57 and its lowest point at $81.43 during that stretch. It currently has a 1-year price target of $133.72. Beta for the stock currently stands at 1.24.
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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 up-trending over the past week, with a rise of 1.08%, but this was up by 13.82% over a month. Three-month performance surged to 21.84% while six-month performance rose 26.27%. The stock gained 8.55% in the past year, while it has gained 38.99% so far this year. A look at the trailing 12-month EPS for AMZN yields 0.41 with Next year EPS estimates of 2.54. For the next quarter, that number is 0.34. This implies an EPS growth rate of -108.20% for this year and 175.65% for next year.
Float and Shares Shorts:
At present, 10.25 billion AMZN shares are outstanding with a float of 9.26 billion shares on hand for trading. On Apr 27, 2023, short shares totaled 61.48 million, which was 0.60% higher than short shares on Mar 30, 2023. In addition to Mr. Jeffrey P. Bezos as the firm’s Founder & Exec. Chairman, Mr. Andrew R. Jassy serves as its Pres, CEO & Director.
Institutional Ownership:
Through their ownership of 60.43% of AMZN’s outstanding shares, institutional investors have majority control over the company. Other institutions hold 9.75% of AMZN, in contrast to 32.96% held by mutual funds. Shares owned by individuals account for 26.38%. As the largest shareholder in AMZN with 6.69% of the stake, The Vanguard Group, Inc. holds 684,999,991 shares worth 684,999,991. A second-largest stockholder of AMZN, BlackRock Fund Advisors, holds 379,708,396 shares, controlling over 3.71% of the firm’s shares. SSgA Funds Management, Inc. is the third largest shareholder in AMZN, holding 331,899,567 shares or 3.24% stake. With a 2.64% stake in AMZN, the Vanguard Total Stock Market ETF is the largest stakeholder. A total of 270,670,212 shares are owned by the mutual fund manager. The Vanguard 500 Index Fund, which owns about 2.04% of AMZN stock, is the second-largest Mutual Fund holder. It holds 209,252,221 shares valued at 22.07 billion. Invesco QQQ Trust holds 1.02% of the stake in AMZN, owning 104,727,576 shares worth 11.04 billion.
An Overview of Recent Financials:
Understanding a company as a customer does not mean you will understand it as an investor. The wise investor uses quantitative research to analyze metrics such as revenue, net income, and earnings. In its fiscal quarter reported on Mar 30, 2023, AMZN reported revenue of $121.23B and operating income of $3.32B. The EBITDA in the recently reported quarter was $7.53B and diluted EPS was -$0.20.
Analysts Ratings:
Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for AMZN since 0 analysts follow the stock currently. 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 $165.00 and a low target of $85.00, the average target price over the next 12 months is $132.84. Based on these targets, AMZN could surge 41.33% to reach the target high and fall by -27.19% to reach the target low. Reaching the average price target will result in a growth of 13.78% 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.
Summary of Insider Activity:
Insiders traded AMZN stock several times over the past three months with 0 Buys and 13 Sells. In these transactions, 0 shares were bought while 444,021 shares were sold. The number of buy transactions has increased to 32 while that of sell transactions has risen to 117 over the past year. The total number of shares bought during that period was 399,300 while 5,477,317 shares were sold.
