Amazon.com, Inc. (NASDAQ:AMZN) – Equities researchers at Jefferies Group lowered their Q3 2018 EPS estimates for Amazon.com in a report issued on Tuesday, March 13th, according to Zacks Investment Research. Jefferies Group analyst B. Thill now anticipates that the e-commerce giant will post earnings per share of $1.05 for the quarter, down from their prior estimate of $1.94. Jefferies Group has a “Buy” rating and a $1,850.00 price target on the stock. Jefferies Group also issued estimates for Amazon.com’s Q4 2018 earnings at $4.39 EPS.
Other equities research analysts have also recently issued reports about the company. Oppenheimer reiterated a “buy” rating on shares of Amazon.com in a report on Friday, February 2nd. Macquarie reiterated a “buy” rating on shares of Amazon.com in a report on Friday, February 2nd. Canaccord Genuity reiterated a “buy” rating and issued a $1,650.00 price objective (up from $1,500.00) on shares of Amazon.com in a report on Friday, February 2nd. JMP Securities reiterated a “neutral” rating and issued a $1,600.00 price objective (up from $1,475.00) on shares of Amazon.com in a report on Friday, February 2nd. Finally, Wedbush lifted their price objective on Amazon.com to $1,750.00 and gave the stock an “outperform” rating in a report on Friday, February 2nd. Four equities research analysts have rated the stock with a hold rating, forty-eight have assigned a buy rating and two have assigned a strong buy rating to the stock. The company has a consensus rating of “Buy” and an average price target of $1,494.78.
AMZN stock traded down $46.52 during trading on Thursday, hitting $1,405.23. The stock had a trading volume of 5,882,257 shares, compared to its average volume of 6,661,481. The company has a current ratio of 1.04, a quick ratio of 0.76 and a debt-to-equity ratio of 0.89. Amazon.com has a twelve month low of $884.49 and a twelve month high of $1,617.54. The stock has a market cap of $680,281.69, a price-to-earnings ratio of 308.84, a PEG ratio of 6.17 and a beta of 1.59.
Amazon.com (NASDAQ:AMZN) last posted its quarterly earnings data on Thursday, February 1st. The e-commerce giant reported $2.16 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.85 by $0.31. Amazon.com had a return on equity of 9.23% and a net margin of 1.71%. The company had revenue of $60.45 billion for the quarter, compared to analysts’ expectations of $59.85 billion. During the same period in the previous year, the firm posted $1.54 EPS. Amazon.com’s revenue was up 38.2% compared to the same quarter last year.
In other Amazon.com news, VP Shelley Reynolds sold 544 shares of the business’s stock in a transaction that occurred on Thursday, February 15th. The stock was sold at an average price of $1,462.32, for a total value of $795,502.08. Following the sale, the vice president now owns 6,533 shares of the company’s stock, valued at $9,553,336.56. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CEO Jeffrey A. Wilke sold 500 shares of the business’s stock in a transaction that occurred on Wednesday, March 21st. The shares were sold at an average price of $1,577.85, for a total value of $788,925.00. Following the completion of the sale, the chief executive officer now directly owns 10,000 shares in the company, valued at approximately $15,778,500. The disclosure for this sale can be found here. In the last three months, insiders sold 6,214 shares of company stock worth $9,251,120. 17.70% of the stock is owned by corporate insiders.
Hedge funds and other institutional investors have recently made changes to their positions in the business. Day & Ennis LLC grew its stake in shares of Amazon.com by 21.3% during the second quarter. Day & Ennis LLC now owns 279 shares of the e-commerce giant’s stock worth $270,000 after purchasing an additional 49 shares in the last quarter. Beach Investment Management LLC. grew its stake in shares of Amazon.com by 996.3% during the second quarter. Beach Investment Management LLC. now owns 22,035 shares of the e-commerce giant’s stock worth $21,330,000 after purchasing an additional 20,025 shares in the last quarter. RiverPoint Capital Management LLC grew its stake in shares of Amazon.com by 2.2% during the second quarter. RiverPoint Capital Management LLC now owns 15,015 shares of the e-commerce giant’s stock worth $14,535,000 after purchasing an additional 318 shares in the last quarter. Valley National Advisers Inc. grew its stake in shares of Amazon.com by 17.4% during the second quarter. Valley National Advisers Inc. now owns 1,071 shares of the e-commerce giant’s stock worth $1,037,000 after purchasing an additional 159 shares in the last quarter. Finally, MARSHALL WACE ASIA Ltd grew its stake in shares of Amazon.com by 54.7% during the second quarter. MARSHALL WACE ASIA Ltd now owns 117,128 shares of the e-commerce giant’s stock worth $113,380,000 after purchasing an additional 41,418 shares in the last quarter. 60.21% of the stock is currently owned by institutional investors.
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Amazon.com Company Profile
Amazon.com, Inc engages in the retail sale of consumer products and subscriptions in North America and internationally. The company operates through three segments: North America, International, and Amazon Web Services (AWS) segments. It sells merchandise and content purchased for resale from vendors, as well as those offered by third-party sellers through physical stores and retail Websites, such as amazon.com, amazon.ca, amazon.com.mx, amazon.com.au, amazon.com.br, amazon.cn, amazon.fr, amazon.de, amazon.in, amazon.it, amazon.co.jp, amazon.nl, amazon.es, and amazon.co.uk.
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