Amazon, the e-commerce giant, has made significant investments in various companies, including electric vehicle maker Rivian Automotive, which it owns a 16.04% stake in, valued at $14.7 billion. This investment is part of Amazon's broader strategy to expand its presence in the electric vehicle market. Additionally, Amazon owns a stake in Air Transport Services Group, a leading provider of air cargo transportation, valued at $970 million. These investments reflect Amazon's diversification efforts beyond its core e-commerce business.
Amazon's recent stock price stands at $188.70, with a market capitalization of $1.964 trillion. The company's earnings date is August 1, 2024, and its 52-week range is $118.35 to $201.20. The stock has a beta of 1.15, indicating a high level of volatility compared to the broader market. The price-to-earnings (P/E) ratio is 52.73, and the earnings per share (EPS) is $3.58. The company's forward dividend yield is not available, and the ex-dividend date is not specified.
Despite the recent market volatility, Amazon's stock has shown resilience, with a 1-year target estimate of $227.70. The company's investments in Rivian and other companies highlight its commitment to innovation and strategic growth beyond its core business.
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