William Blair reaffirmed their outperform rating on shares of Amazon.com (NASDAQ:AMZN) in a research report released on Monday morning. William Blair also issued estimates for Amazon.com’s Q4 2018 earnings at $5.55 EPS, FY2018 earnings at $19.65 EPS and FY2019 earnings at $26.54 EPS.
A number of other equities analysts have also recently commented on the stock. BidaskClub cut shares of Amazon.com from a hold rating to a sell rating in a research report on Wednesday. JMP Securities reaffirmed a buy rating on shares of Amazon.com in a research report on Tuesday. Aegis lifted their price objective on shares of Amazon.com from $2,063.00 to $2,225.00 and gave the stock a buy rating in a research report on Tuesday. Oppenheimer reaffirmed a buy rating and set a $2,020.00 price objective (down from $2,130.00) on shares of Amazon.com in a research report on Monday. Finally, JPMorgan Chase & Co. reaffirmed a buy rating on shares of Amazon.com in a research report on Monday. One analyst has rated the stock with a sell rating, three have assigned a hold rating and forty-seven have given a buy rating to the company. Amazon.com currently has an average rating of Buy and a consensus target price of $2,091.53.
AMZN stock opened at $1,665.53 on Monday. The company has a debt-to-equity ratio of 0.63, a current ratio of 1.08 and a quick ratio of 0.80. Amazon.com has a one year low of $1,086.87 and a one year high of $2,050.50. The firm has a market cap of $748.33 billion, a price-to-earnings ratio of 366.05, a P/E/G ratio of 2.95 and a beta of 1.58.
Amazon.com (NASDAQ:AMZN) last released its quarterly earnings data on Thursday, October 25th. The e-commerce giant reported $5.75 EPS for the quarter, topping the Zacks’ consensus estimate of $3.29 by $2.46. Amazon.com had a net margin of 4.03% and a return on equity of 24.35%. The firm had revenue of $56.58 billion during the quarter, compared to analysts’ expectations of $57.05 billion. As a group, sell-side analysts anticipate that Amazon.com will post 19.19 earnings per share for the current fiscal year.
In related news, CEO Jeffrey P. Bezos sold 16,964 shares of the company’s stock in a transaction dated Monday, October 29th. The shares were sold at an average price of $1,632.23, for a total transaction of $27,689,149.72. Following the completion of the sale, the chief executive officer now owns 78,884,539 shares of the company’s stock, valued at $128,757,711,091.97. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Andrew R. Jassy sold 1,726 shares of the company’s stock in a transaction dated Wednesday, August 15th. The stock was sold at an average price of $1,900.00, for a total transaction of $3,279,400.00. Following the sale, the chief executive officer now directly owns 88,801 shares of the company’s stock, valued at approximately $168,721,900. The disclosure for this sale can be found here. Insiders have sold 37,272 shares of company stock valued at $66,675,598 in the last ninety days. 16.30% of the stock is currently owned by company insiders.
Institutional investors and hedge funds have recently bought and sold shares of the stock. Daiwa Securities Group Inc. raised its stake in Amazon.com by 3.3% during the third quarter. Daiwa Securities Group Inc. now owns 30,157 shares of the e-commerce giant’s stock worth $60,405,000 after acquiring an additional 962 shares in the last quarter. Parker Investment Management LLC raised its stake in Amazon.com by 441.4% during the third quarter. Parker Investment Management LLC now owns 5,354 shares of the e-commerce giant’s stock worth $10,724,000 after acquiring an additional 4,365 shares in the last quarter. Alphinity Investment Management Pty Ltd acquired a new position in Amazon.com during the third quarter worth about $26,307,000. TD Asset Management Inc. raised its stake in Amazon.com by 1.6% during the third quarter. TD Asset Management Inc. now owns 351,047 shares of the e-commerce giant’s stock worth $703,148,000 after acquiring an additional 5,683 shares in the last quarter. Finally, Strategy Asset Managers LLC acquired a new position in Amazon.com during the third quarter worth about $3,145,000. 56.73% of the stock is owned by institutional investors and hedge funds.
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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