Amazon.com Inc. [NASDAQ: AMZN] loss -1.65% on the last trading session, reaching $90.73 price per share at the time. The company report on March 8, 2023 that AWS Selected as Southwest Airlines’ Preferred Cloud Provider.
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Southwest Airlines uses AWS to optimize operations, streamline infrastructure costs, and advance delivery of digital customer experiences.
Amazon Web Services, Inc. (AWS), an Amazon.com, Inc. company (NASDAQ: AMZN), today announced that Southwest Airlines Co. (NYSE: LUV) has selected AWS as its preferred cloud provider as the airline advances its digital transformation initiative. This large-scale modernization with AWS is part of the airline’s long-term plan to enhance the passenger journey, optimize operations, and efficiently invest in information technology (IT) infrastructure.
Amazon.com Inc. represents 10.22 billion in outstanding shares, while the company has a total market value of $945.31 billion with the latest information. AMZN stock price has been found in the range of $90.245 to $93.57.
If compared to the average trading volume of 71.77M shares, AMZN reached a trading volume of 69643616 in the most recent trading day, which is why market watchdogs consider the stock to be active.
Here is what top equities market gurus are saying about Amazon.com Inc. [AMZN]:
Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for AMZN shares is $133.64 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on AMZN stock is a recommendation set at 1.80. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.
Credit Suisse have made an estimate for Amazon.com Inc. shares, keeping their opinion on the stock as Outperform, with their previous recommendation back on January 30, 2023. While these analysts kept the previous recommendation, Barclays dropped their target price from $140 to $130. The new note on the price target was released on January 30, 2023, representing the official price target for Amazon.com Inc. stock. Previously, the target price had yet another drop from $121 to $118, while UBS kept a Buy rating on AMZN stock. On January 24, 2023, analysts decreased their price target for AMZN shares from 140 to 125.
The Average True Range (ATR) for Amazon.com Inc. is set at 3.07, with the Price to Sales ratio for AMZN stock in the period of the last 12 months amounting to 1.84. The Price to Book ratio for the last quarter was 6.35, with the Price to Cash per share for the same quarter was set at 6.72.
Trading performance analysis for AMZN stock
Amazon.com Inc. [AMZN] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -4.39. With this latest performance, AMZN shares dropped by -9.32% in over the last four-week period, additionally sinking by -30.11% over the last 6 months – not to mention a drop of -34.86% in the past year of trading.
Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for AMZN stock in for the last two-week period is set at 38.65, with the RSI for the last a single of trading hit 32.71, and the three-weeks RSI is set at 42.37 for Amazon.com Inc. [AMZN]. The present Moving Average for the last 50 days of trading for this stock 95.26, while it was recorded at 92.84 for the last single week of trading, and 108.76 for the last 200 days.
Amazon.com Inc. [AMZN]: A deeper dive into fundamental analysis
Operating Margin for any stock indicates how profitable investing would be, and Amazon.com Inc. [AMZN] shares currently have an operating margin of +2.63 and a Gross Margin at +43.81. Amazon.com Inc.’s Net Margin is presently recorded at -0.53.
Return on Equity for this stock declined to -1.91, with Return on Assets sitting at -0.62.
Amazon.com Inc.’s liquidity data is similarly interesting compelling, with a Quick Ratio of 0.70 and a Current Ratio set at 0.90.
An analysis of insider ownership at Amazon.com Inc. [AMZN]
There are presently around $545,364 million, or 60.10% of AMZN stock, in the hands of institutional investors. The top three institutional holders of AMZN stocks are: VANGUARD GROUP INC with ownership of 712,070,069, which is approximately 1.499% of the company’s market cap and around 9.80% of the total institutional ownership; BLACKROCK INC., holding 594,720,496 shares of the stock with an approximate value of $53.96 billion in AMZN stocks shares; and STATE STREET CORP, currently with $30.51 billion in AMZN stock with ownership of nearly 1.947% of the company’s market capitalization.
Positions in Amazon.com Inc. stocks held by institutional investors increased at the end of Thursday and at the time of the Thursday reporting period, where 2,025 institutional holders increased their position in Amazon.com Inc. [NASDAQ:AMZN] by around 340,821,063 shares. Additionally, 2,119 investors decreased positions by around 344,040,745 shares, while 243 investors held positions by with 5,325,984,036 shares. The mentioned changes placed institutional holdings at 6,010,845,844 shares, according to the latest SEC report filing. AMZN stock had 321 new institutional investments in for a total of 32,905,783 shares, while 254 institutional investors sold positions of 29,654,990 shares during the same period.