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Amazon.com (AMZN) Stock Price, News & Analysis

$185.00
+3.72 (+2.05%)
(As of 06/6/2024 ET)
Today's Range
$181.49
$185.00
50-Day Range
$173.67
$189.50
52-Week Range
$118.35
$191.70
Volume
31.34 million shs
Average Volume
42.50 million shs
Market Capitalization
$1.93 trillion
P/E Ratio
51.82
Dividend Yield
N/A
Price Target
$212.40

Amazon.com MarketRank™ Stock Analysis

Analyst Rating
Buy
3.00 Rating Score
Upside/​Downside
14.8% Upside
$212.40 Price Target
Short Interest
Healthy
0.68% of Shares Sold Short
Dividend Strength
N/A
Sustainability
-1.25
Upright™ Environmental Score
News Sentiment
0.82mentions of Amazon.com in the last 14 days
Based on 82 Articles This Week
Insider Trading
Selling Shares
$11.98 M Sold Last Quarter
Proj. Earnings Growth
22.88%
From $4.72 to $5.80 Per Share

Overall MarketRank

New Rank-Based ScoringMarketRank is calculated by averaging available category scores (with extra weight given to analysis and valuation), then ranking the company's weighted average against that of other companies.

4.53 out of 5 stars

Retail/Wholesale Sector

38th out of 189 stocks

Catalog & Mail - Order Houses Industry

2nd out of 22 stocks

AMZN stock logo

About Amazon.com Stock (NASDAQ:AMZN)

Amazon, or Amazon.com, is the world's largest and leading portal for eCommerce. It was founded by Jeff Bezos, incorporated in 1994, and later went public in 1997. The company is headquartered in Seattle, Washington, and is a member of the influential FAANG group of stocks. When it comes to stocks, Amazon is proof that small companies can do big things; the AMZN stock price was pennies when it was first listed and now it trades well over $100 (split adjusted) per share.

The company is not a true retailer nor a pure-play manufacturer but in the business of connecting consumers and merchants together. The website was first created as a means of selling books at a discount but it has since grown to include most verticals in the retail sector. A few of the products the company does manufacture are the Kindle and Fire Tablets, Fire TVs, and smart home devices like Echo. Echo is powered by an AI personality named Alexa which can take vocal commands from its users.

Today, Amazon operates in three segments including North America, International, and Amazon Web Services. The first two segments are the core retail business while Amazon Web Services includes a host of Internet-related services for consumers and businesses alike. A little-known fact is that Amazon Web Services is as important to the function of the Internet as Google because of the infrastructure it provides and it hosts so many business websites.

Services provided by Amazon for merchants include listing, fulfillment, and advertising as well as subscriptions. Services provided by Amazon Web Services include cloud computing, storage, database maintenance, analytics, machine learning, and even artificial intelligence. In regard to the company's operations, Amazon Web Services is the smaller of the three segments but is a fast-growing and well-established part of the business that has had a positive influence on the AMZN stock price.

Among the many ancillary services provided by Amazon is Kindle Direct Publishing. This is a cloud-based service that enables writers and publishers to publish their works directly in the Kindle Store. Kindle, if you are unaware, is an Internet-connected tablet designed for reading books but also streams other forms of entertainment. Amazon also develops and publishes its own media content that is available via Kindle or the Amazon App that can be found on most smart TVs.

Amazon is also a disruptor, moving into new digital markets whenever it thinks it can make a profit. The move into streaming is only one example, another is a push into healthcare. Amazon Prime is another disruptive move and is a subscription service that entitles members exclusive access to Amazon services.

Amazon's stock price can be affected by factors including the pace of revenue growth, profitability, growth in the AWS segment, and any stock splits that may occur. The Amazon share price was impacted by splits 4 times between the IPO in 1997 and June 2022 and additional splits should be anticipated. The forecast for Amazon stock, splits aside, is for steadily increasing price action punctuated by pullbacks, corrections, and consolidations. While there is competition for Amazon, this company is entrenched and will stand the test of time because eCommerce is the way businesses thrive in today's markets.

AMZN Stock Price History

AMZN Stock News Headlines

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The Philippines is planning one of the world's biggest buildouts of natural gas infrastructure, with almost two dozen power plants announced and ambitions to become a hub for liquified natural gas for the entire Asia-Pacific region
Amazon Stock Breakout: Potential Run to $200
Despite setting a fresh all-time high at the start of the month, shares of Amazon.com Inc NASDAQ: AMZN actually spent most of May on the back foot. In fact, for a while, it looked a little scary, especially as the broader market stayed buoyant.
Amazon Stock Breakout: Potential Run to $200 (AMZN)
The best news for investors reading this today? There is still so much upside for Amazon shares, with multiple analysts calling for them to trade above $200.
The 2 Best Cybersecurity Stocks to Watch
Cybersecurity stocks are becoming a must-have in each investor's portfolio, two stocks stand out as market dominant companies calling for analyst love
From smart glasses to a rainbow rodeo, some Father's Day gift ideas for all kinds of dads
Whether you go big, small or DIY, there are lots of way to please dad on Father’s Day
Amazon Labor Union moves to affiliate with the Teamsters union amid struggles
The Amazon Labor Union, a grassroots labor group that won a major victory at an Amazon warehouse two years ago, has agreed to affiliate with the Teamsters union
C3.ai is Starting to Show AI Tailwinds Accelerating (AMZN)
Enterprise software provider C3.ai Inc. (NYSE: AI) is starting to see the fruits of its labor. C3.ai offers AI products for over 8 different industries.
Best Buy Could Break Out of Its Channel Shortly
Best Buy is looking to break out of its tight channel on recent financial improvements, analysts boosted the stock's EPS projections and valuations
MarketBeat Week in Review – 5/27 - 5/31 (AMZN)
Markets closed the week quietly after a sharp sell-off; however, the market is likely to remain volatile as several key economic reports are on deck
Amazon.com (NASDAQ:AMZN) Trading Down 0.2%
Amazon: One Of The Most Underrated Megacap Stocks
The 3 Most Undervalued Retail Stocks to Buy in June 2024
2 Reasons to Own Amazon
Amazon.com (NASDAQ:AMZN) Stock Price Up 0.4%
See More Headlines
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Company Calendar

Last Earnings
4/30/2024
Today
6/06/2024
Next Earnings (Estimated)
8/01/2024
Fiscal Year End
12/31/2024

Industry, Sector and Symbol

Industry
Catalog & mail - order houses
Sub-Industry
Internet Retail
Current Symbol
NASDAQ:AMZN
CUSIP
02313510
Employees
1,525,000
Year Founded
1994

Price Target and Rating

Average Stock Price Target
$212.40
High Stock Price Target
$245.00
Low Stock Price Target
$140.00
Potential Upside/Downside
+14.8%
Consensus Rating
Buy
Rating Score (0-4)
3.00
Research Coverage
45 Analysts

Profitability

Net Income
$30.43 billion
Pretax Margin
7.86%

Debt

Sales & Book Value

Annual Sales
$574.79 billion
Cash Flow
$7.79 per share
Book Value
$19.43 per share

Miscellaneous

Outstanding Shares
10,406,630,000
Free Float
9,282,711,000
Market Cap
$1.93 trillion
Optionable
Optionable
Beta
1.14

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AMZN Stock Analysis - Frequently Asked Questions

Should I buy or sell Amazon.com stock right now?

45 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Amazon.com in the last year. There are currently 1 hold rating, 43 buy ratings and 1 strong buy rating for the stock. The consensus among Wall Street analysts is that investors should "buy" AMZN shares.
View AMZN analyst ratings
or view top-rated stocks.

What is Amazon.com's stock price target for 2024?

45 Wall Street analysts have issued 12 month target prices for Amazon.com's shares. Their AMZN share price targets range from $140.00 to $245.00. On average, they predict the company's stock price to reach $212.40 in the next twelve months. This suggests a possible upside of 14.8% from the stock's current price.
View analysts price targets for AMZN
or view top-rated stocks among Wall Street analysts.

How have AMZN shares performed in 2024?

Amazon.com's stock was trading at $151.94 on January 1st, 2024. Since then, AMZN shares have increased by 21.8% and is now trading at $185.00.
View the best growth stocks for 2024 here
.

Are investors shorting Amazon.com?

Amazon.com saw a increase in short interest in May. As of May 15th, there was short interest totaling 70,810,000 shares, an increase of 9.8% from the April 30th total of 64,490,000 shares. Based on an average trading volume of 39,670,000 shares, the short-interest ratio is presently 1.8 days.
View Amazon.com's Short Interest
.

When is Amazon.com's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Thursday, August 1st 2024.
View our AMZN earnings forecast
.

How were Amazon.com's earnings last quarter?

Amazon.com, Inc. (NASDAQ:AMZN) posted its quarterly earnings results on Tuesday, April, 30th. The e-commerce giant reported $0.98 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.83 by $0.15. The e-commerce giant earned $143.31 billion during the quarter, compared to analysts' expectations of $142.65 billion. Amazon.com had a net margin of 6.38% and a trailing twelve-month return on equity of 19.86%. The firm's revenue for the quarter was up 12.5% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.31 EPS.
Read the conference call transcript
.

When did Amazon.com's stock split?

Amazon.com's stock split before market open on Monday, June 6th 2022. The 20-1 split was announced on Wednesday, March 9th 2022. The newly created shares were distributed to shareholders after the market closes on Friday, June 3rd 2022. An investor that had 100 shares of stock prior to the split would have 2,000 shares after the split.

What guidance has Amazon.com issued on next quarter's earnings?

Amazon.com issued an update on its second quarter 2024 earnings guidance on Tuesday, April, 30th. The company provided earnings per share (EPS) guidance of for the period. The company issued revenue guidance of $144.0 billion-$149.0 billion, compared to the consensus revenue estimate of $150.1 billion.

What is Andrew Jassy's approval rating as Amazon.com's CEO?

18,663 employees have rated Amazon.com Chief Executive Officer Andrew Jassy on Glassdoor.com. Andrew Jassy has an approval rating of 83% among the company's employees. 74.0% of employees surveyed would recommend working at Amazon.com to a friend.

What other stocks do shareholders of Amazon.com own?

Based on aggregate information from My MarketBeat watchlists, some companies that other Amazon.com investors own include NVIDIA (NVDA), Alibaba Group (BABA), Micron Technology (MU), Netflix (NFLX), Tesla (TSLA), General Electric (GE), Alphabet (GOOG), Walt Disney (DIS) and Salesforce (CRM).

Who are Amazon.com's major shareholders?

Amazon.com's stock is owned by a variety of retail and institutional investors. Top institutional investors include Vanguard Group Inc. (7.55%), Price T Rowe Associates Inc. MD (1.82%), Capital Research Global Investors (0.84%), Jennison Associates LLC (0.55%), Capital International Investors (0.41%) and Baillie Gifford & Co. (0.38%). Insiders that own company stock include Adam Selipsky, Amazon Com Inc, Andrew R Jassy, Brian T Olsavsky, Daniel P Huttenlocher, David H Clark, David Zapolsky, Douglas J Herrington, Jeffrey P Bezos, Jeffrey P Bezos, Jonathan Rubinstein, Keith Brian Alexander and Shelley Reynolds.
View institutional ownership trends
.

How do I buy shares of Amazon.com?

Shares of AMZN stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

Does Amazon.com have any subsidiaries?
The following companies are subsidiares of Amazon.com: 2lemetry, A100 ROW Inc., AbeBooks, Accept.Com, Aditya Birla Fashion and Retail, Alexa, Amazon Data Services Inc., Amazon Technologies Inc., Amazon US Services LLC, Amazon Web Services Inc., Amazon.com NV Investment Holdings LLC, Amazon.com Sales Inc., Amazon.com Services LLC, Amiato, Amie Street, Angel.ai, Annapurna Labs, Audible, Back To Basics Toys, Biba, Blink, Body Labs, BookSurge, Bookpages, Brilliance Audio, BuyVIP, CDNOW, Canvas Technology, Cloud9, Clusterk, Comixology, Convergence Corporation, CustomFlix, Dispatch, Double Helix Games, E8 Storage, EMVANTAGE Payments, Elemental Technologies, Evi, Exchange.Com, Fabric.com, GameSparks, GlowRoad, Goodreads, Graphiq, Health Navigator, IMDB, INLT, IVONA Text-To-Speech, Immedia, Joyo.com, Junglee, Kiva Systems, LOVEFiLM, Leep Technology, Lexcycle, Liquavista, LiveBid, MGM Studios, Mobipocket.com, Orbeus, OurHouse, Perpule, PillPack, PlanetAll.com, Prione, Pushbutton, Quidsi, Quorus, Reflexive Entertainment, Ring, Rooftop Media, Safaba Translation Solutions, Screentech, Selz, Shelfari, Shoefitr, Shopbop, SnapTell, Souq.com, Stanza, Tapzo, TeachStreet, Telebook, TenMarks Education, TextPayMe, The Book Depository, Touchco, Twitch, Umbra3D, UpNext, Veeqo, Whole Foods Market, Without A Box, Woot, Yap, Zappos, Zoox, dpreview, and eero.
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This page (NASDAQ:AMZN) was last updated on 6/6/2024 by MarketBeat.com Staff

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