Amazon.com, Inc. (NASDAQ:AMZN) – Stock analysts at Wedbush upped their Q1 2018 earnings per share (EPS) estimates for shares of Amazon.com in a research report issued to clients and investors on Friday, according to Zacks Investment Research. Wedbush analyst M. Pachter now forecasts that the e-commerce giant will post earnings per share of $1.43 for the quarter, up from their prior estimate of $1.22. Wedbush has a “Outperform” rating and a $1,750.00 price objective on the stock. Wedbush also issued estimates for Amazon.com’s Q2 2018 earnings at $1.12 EPS, Q3 2018 earnings at $1.01 EPS and FY2019 earnings at $11.26 EPS.
AMZN has been the subject of several other reports. Cantor Fitzgerald reaffirmed a “buy” rating and set a $1,150.00 price objective on shares of Amazon.com in a research report on Tuesday, October 24th. They noted that the move was a valuation call. Bank of America reissued a “buy” rating and set a $1,460.00 price target (up from $1,220.00) on shares of Amazon.com in a research report on Tuesday, January 16th. They noted that the move was a valuation call. Vetr cut Amazon.com from a “strong-buy” rating to a “buy” rating and set a $1,079.96 price target for the company. in a research report on Monday, October 23rd. Canaccord Genuity reissued a “buy” rating and set a $1,250.00 price target (up from $1,200.00) on shares of Amazon.com in a research report on Friday, October 27th. Finally, Jefferies Group reissued a “buy” rating and set a $1,350.00 price target on shares of Amazon.com in a research report on Friday, October 27th. Six equities research analysts have rated the stock with a hold rating, forty-eight have issued a buy rating and one has given a strong buy rating to the company’s stock. Amazon.com presently has a consensus rating of “Buy” and a consensus target price of $1,437.43.
Amazon.com (NASDAQ AMZN) traded up $36.54 during mid-day trading on Monday, hitting $1,451.05. The stock had a trading volume of 5,894,800 shares, compared to its average volume of 6,048,292. The company has a quick ratio of 0.76, a current ratio of 1.04 and a debt-to-equity ratio of 0.89. The firm has a market capitalization of $700,700.00, a PE ratio of 235.18, a P/E/G ratio of 6.10 and a beta of 1.63. Amazon.com has a 52 week low of $832.82 and a 52 week high of $1,498.00.
Amazon.com (NASDAQ:AMZN) last posted its quarterly earnings data on Thursday, February 1st. The e-commerce giant reported $2.16 earnings per share for the quarter, topping the consensus estimate of $1.85 by $0.31. The company had revenue of $60.45 billion during the quarter, compared to analysts’ expectations of $59.85 billion. Amazon.com had a return on equity of 9.23% and a net margin of 1.71%. Amazon.com’s revenue for the quarter was up 38.2% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.54 earnings per share.
In related news, Chief Executive Officer of Worldwide Consumer Jeffrey A. Wilke sold 2,800 shares of the firm’s stock in a transaction on Friday, December 8th. The stock was sold at an average price of $1,160.34, for a total transaction of $3,248,952.00. Following the sale, the insider now owns 10,000 shares of the company’s stock, valued at approximately $11,603,400. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Tom A. Alberg sold 870 shares of the firm’s stock in a transaction on Wednesday, November 22nd. The shares were sold at an average price of $1,150.00, for a total value of $1,000,500.00. Following the sale, the director now directly owns 17,949 shares in the company, valued at approximately $20,641,350. The disclosure for this sale can be found here. In the last ninety days, insiders sold 4,505 shares of company stock worth $5,253,740. Company insiders own 17.00% of the company’s stock.
Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Goelzer Investment Management Inc. raised its position in shares of Amazon.com by 48.7% in the 2nd quarter. Goelzer Investment Management Inc. now owns 397 shares of the e-commerce giant’s stock worth $384,000 after acquiring an additional 130 shares in the last quarter. Lakeview Capital Partners LLC raised its position in shares of Amazon.com by 19.6% in the 2nd quarter. Lakeview Capital Partners LLC now owns 1,074 shares of the e-commerce giant’s stock worth $1,040,000 after acquiring an additional 176 shares in the last quarter. CI Investments Inc. raised its position in shares of Amazon.com by 0.7% in the 3rd quarter. CI Investments Inc. now owns 56,995 shares of the e-commerce giant’s stock worth $54,792,000 after acquiring an additional 400 shares in the last quarter. Perpetual Ltd bought a new position in shares of Amazon.com in the 2nd quarter worth about $25,356,000. Finally, R. G. Niederhoffer Capital Management Inc. bought a new position in shares of Amazon.com in the 2nd quarter worth about $871,000. 59.06% of the stock is currently owned by institutional investors.
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Amazon.com Company Profile
Amazon.com, Inc offers a range of products and services through its Websites. The Company operates through three segments: North America, International and Amazon Web Services (AWS). The Company’s products include merchandise and content that it purchases for resale from vendors and those offered by third-party sellers.
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