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Amazon
by Felix Richter, whats the price of amazon stock
Amazon
On July 5, 1994, the 30-year-old Jeff Bezos filed the paperwork to start a company called Cadabra, an online bookstore. Quickly re-named Amazon, after the world’s largest river, the company sold its first book one year later and went public in May 1997. Back then, even the keenest optimists could not have foreseen what Amazon would eventually turn into: one of the largest, most influential companies in the world. Last Friday, on July whats the price of amazon stock, 2021, the company’s shares closed at $3,510.98 for a market capitalization of $1.77 trillion.
Thanks to ever-growing revenue and a newly found appetite for profit, Amazon has been on a bull run for a while now, with its share price almost doubling over the past two years alone. While the company’s shares have looked like a very good investment for the better part of the 24 years since the company’s IPO, the past five years really have been the icing on the cake.
Anyone smart, patient or just lucky enough to have bought Amazon shares in the company’s 1997 IPO and keep them, can now look at a small or (depending on the initial investment) sizeable fortune. As our chart illustrates, an initial investment of $1,000, enough to buy 55 shares at a price of $18 in May 1997, would now be worth more than $2 million. Next to the stock price’s climb from $18 to $3,510, the huge return can be attributed to three stock splits, which turned one share bought in 1997 into twelve shares by the end of 1999.
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Amazon Stock: Is It a Good Buy Right Now?
Investing / Stocks
4kodiak / Getty Images
Amazon (Nasdaq: AMZN) stock has been on an upward trajectory since day one, and there seems to be no end in sight. But with shares currently trading at over $3,400 each, it’s a significant investment. Here’s what you need to know about whether Amazon stock is a good buy right now.
Results for 3rd Quarter 2021
Amazon announced its results for third quarter 2021 after hours on Oct. 28. Although revenue grew 15%, that figure was 37% below revenue growth in Q3 2020 — not surprising, as the increase in revenue in 2020 was primarily due to the coronavirus pandemic and the fact that online sales increased significantly as people chose not to shop in stores. In its Q2 earnings report, Amazon warned that growth was likely to continue to slow in the coming quarters as shoppers return to brick-and-mortar stores.
The company reported that it earned $6.12 per share in Q3. Revenue came in at $110.8 billion.
Earnings and Revenue Missed Estimates
Before a company releases its quarterly earnings, the analysts who follow that company, and others in the same industry, estimate what they think the company will report for revenue, earnings per share and other metrics. These estimates are known as “consensus estimates.”
In the third quarter of 2021, Amazon’s earnings per share was $6.12, which was well below the consensus estimate of $8.92, as reported by CNBC. This means the company earned less per outstanding share of stock than the analysts thought it would.
Third-quarter revenues also missed the mark. The company was expected to announce revenues of $111.6 billion, but instead, announced $110.81 billion.
Good To Know
For the first time in its history, Amazon earned more revenue from services like Whats the price of amazon stock Web Services (AWS) and Amazon Prime subscriptions than from retail sales, CNBC reported after the third-quarter 2021 earnings release.
Expectations for the 4th Quarter
In its guidance for the can i pay my kohls bill at the store quarter of 2021, Amazon reported that it expects net sales to grow between $130 billion and $140 billion, representing a 4% to 12% increase compared to the same quarter last year. The earnings report noted that the guidance reflects the company’s estimates on how the COVID-19 pandemic will impact operations.
The fourth quarter will be an expensive one for Amazon. The company is expanding shipping ports and transportation fleets in response to supply chain bottlenecks wreaking havoc on logistics as the holiday shopping season begins. CEO Andy Jassy said those efforts as well as inflation and higher labor and shipping costs will result in “several billion dollars” of extra costs, reported CNBC.
Is Amazon Stock a Good Buy?
Investors who bought Amazon in the past have done very well, but if the past year and a half has taught investors anything, it’s that anything can happen, and you may not see it coming.
What the Analysts Say
According to Yahoo Finance, of 47 analysts following Amazon stock as of Oct. 28, 15 rated it a “strong buy,” how to open a chase savings account for a minor rated it a “buy,” three rated it a “hold” and one gave it a rating of “underperform.” None of the analysts recommended selling it. This gives Amazon stock an average rating of 1.7 on a scale of 1 (strong buy) to 5 (sell).
The price of the stock at closing on Oct. 28 was $3,446.57. This is lower than any of the analysts’ price targets, which range from a low of $3,775 to a high of $5,000.
What You Need To Consider
Analysts who follow technology stocks have high expectations for Amazon, and the e-commerce juggernaut still appears to be unstoppable. But investors who are thinking of getting into Amazon stock now need to understand that they won’t see the growth rates the company saw early on, or even in the recent past. If you decide to get in now, it should be with the intention to hold the stock for the long term.
Finally, when considering whether to buy Amazon, look at the rest of whats the price of amazon stock portfolio. Tech stocks have been on the rise lately, so they may represent a larger share of your portfolio than you may be comfortable with. Make sure you have a good mix of stocks by market capitalization, sector and growth vs. value orientation.
Daria Uhlig contributed to the reporting for this article.
Data is accurate as of Oct. 28, 2021, and subject to change.
Our in-house research team and on-site financial experts work together to create content that’s accurate, impartial, and up to date. We fact-check every single statistic, quote and fact using trusted primary resources to make sure the information we provide is correct. You can learn more about GOBankingRates’ processes and standards in our editorial policy.
About the Author
whats the price of amazon stock Karen Doyle is a personal finance writer with over 20 years’ experience writing about investments, money management and financial planning. Her work has appeared on numerous news and finance websites including GOBankingRates, Yahoo! Finance, MSN, USA Today, CNBC, Equifax.com, and more.
By Michael Grothaus1 minute Read
It’s been a rough week for tech stocks. Over the past few days, virtually every major tech company has reported quarterly earnings, and many of them haven’t been what investors were hoping. As for why expected (or hoped for) earnings aren’t materializing, the reason depends on which tech company you look at. For example, Snap was walloped by Apple’s new ad privacy rules, while Whats the price of amazon stock itself yesterday missed street expectations due to lower sales because of pandemic-related supply-chain issues.
But another company also disappointed investors yesterday: Amazon. The tech behemoth reported Q3 sales that were below expectations and signaled the upcoming all-important holiday Q4 might see choppy waters, too. That’s sent AMZN stock down almost 5% in premarket trading at the time of this writing, according to Yahoo Finance.
So what’s driving Amazon’s misses? The company blamed two main issues: supply-chain problems and labor shortages, reportsThe Wall Street Journal. In other words, it’s a classic supply and demand issue. Global supply chains have been disrupted thanks to the ongoing COVID-19 pandemic, with factories shut or operating at reduced capacity. And due to the supply-chain issues, related demands and costs are increasing.
But the even bigger issue facing Amazon is labor shortages, which are more pronounced in America than in the rest of the world. As the Journal notes, Amazon CFO Brian Olsavsky said the company has had inconsistent levels of operations staff due to staffing issues. Everyone wants workers right now, so it’s really a job-seekers market.
All this means Amazon expects to “incur several billion dollars of additional costs in our consumer business as we manage through labor supply shortages, increased wage costs, global supply chain issues, and increased freight and shipping costs” in Q4, Amazon CEO Andy Jassy said, further rattling investors.
4kodiak / Getty Images
Amazon (Nasdaq: AMZN) stock has been on an upward trajectory since day one, and there seems to be no end in sight. But with shares currently trading at over $3,400 each, it’s a significant investment. Here’s what you need to know about whether Amazon stock is a good buy right now.
Results for 3rd Quarter 2021
Amazon announced its results for third quarter 2021 after hours on Oct. 28. Although revenue grew 15%, that figure was 37% below revenue growth in Q3 2020 — not surprising, as the increase in revenue in 2020 was primarily due to the coronavirus pandemic and the fact that online sales increased significantly as people chose not to shop in stores. In its Q2 earnings report, Amazon warned that growth was likely to continue to slow in the coming quarters as shoppers return to brick-and-mortar stores.
The company reported that it earned $6.12 per share in Q3. Revenue came in at $110.8 billion.
Earnings and Revenue Missed Estimates
Before a company releases its quarterly earnings, the analysts who follow that company, and others in the same industry, estimate what they think the company will report for revenue, earnings per share and other metrics. These estimates are known as “consensus estimates.”
In the third quarter of 2021, Amazon’s earnings per share was $6.12, which was well below the consensus estimate of $8.92, as reported by CNBC. This means the company earned less per outstanding share of stock than the analysts thought it would.
Third-quarter revenues also missed the mark. The company was expected to announce revenues of $111.6 billion, but instead, announced $110.81 billion.
Good To Know
For the first time in its history, Amazon earned more revenue from services like Amazon Web Services (AWS) and Amazon Prime subscriptions than from retail sales, CNBC reported after the third-quarter 2021 earnings release.
Expectations for the 4th Quarter
In its guidance for the fourth quarter of 2021, Amazon reported that it expects net sales to grow between $130 billion and $140 billion, representing a 4% to 12% increase compared to the same quarter last year. The earnings report noted that the guidance reflects the company’s estimates on how the COVID-19 pandemic will impact operations.
The fourth quarter will be an expensive one for Amazon. The company is expanding shipping ports and transportation fleets in response to supply chain bottlenecks wreaking havoc on logistics as the holiday shopping season begins. CEO Andy Jassy said those efforts as well as inflation and higher labor and shipping costs will result in “several billion dollars” of extra costs, reported CNBC.
Is Amazon Stock a Good Buy?
Investors who bought Amazon in the past have done very well, but if the past year and a half has taught investors anything, it’s that anything can happen, and you may not see it coming.
What the Analysts Say
According to Yahoo Finance, of 47 analysts following Amazon stock as of Oct. 28, 15 rated it a “strong buy,” 28 rated it a “buy,” three rated it a “hold” and one gave it a rating of “underperform.” None of the analysts recommended selling it. This gives Amazon stock an average rating of 1.7 on a scale of 1 (strong buy) to 5 (sell).
The price of the stock at closing on Oct. 28 was $3,446.57. This is lower than any of the analysts’ price targets, which range from a low of $3,775 to a high of $5,000.
What You Need To Consider
Analysts who follow technology stocks have high expectations for Amazon, and the e-commerce juggernaut still appears to be unstoppable. But investors who are thinking of getting into Amazon stock now need to understand that they won’t see the growth rates the company saw early on, or even in the recent past. If you decide to get in now, it should be with the intention to hold the stock for the long term.
Finally, when considering whether to buy Amazon, look at the rest of your portfolio. Tech stocks have been on the rise lately, so they may represent a larger share of your portfolio than you may be comfortable with. Make sure you have a good mix of stocks by market capitalization, sector and growth vs. value orientation.
Daria Uhlig contributed to the reporting for this article.
Data is accurate as of Oct. 28, 2021, and subject to change.
Our in-house research team and on-site financial experts work together to create content that’s accurate, impartial, and up to date. We fact-check every single statistic, quote and fact using trusted primary resources to make sure the information we provide is correct. You can learn more about GOBankingRates’ processes and standards in our editorial policy.
About the Author
Karen Doyle is a personal finance writer with over 20 years’ experience writing about investments, money management and financial planning. Her work has appeared on numerous news and finance websites including GOBankingRates, Yahoo! Finance, MSN, USA Today, CNBC, Equifax.com, and more.
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This chart shows how an investment of $1,000 in Amazon's IPO in 1997 has developed over the years.
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