Amazon.com, Inc. (NASDAQ:AMZN) – Stock analysts at SunTrust Banks upped their Q4 2017 earnings per share (EPS) estimates for Amazon.com in a research note issued on Thursday. SunTrust Banks analyst Y. Squali now anticipates that the e-commerce giant will post earnings per share of $2.07 for the quarter, up from their prior forecast of $1.99. SunTrust Banks currently has a “Buy” rating and a $1,270.00 price target on the stock.
Amazon.com (NASDAQ:AMZN) last announced its quarterly earnings results on Thursday, October 26th. The e-commerce giant reported $0.52 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $1.09 by ($0.57). Amazon.com had a net margin of 1.20% and a return on equity of 8.67%. The company had revenue of $43.74 billion during the quarter, compared to analysts’ expectations of $42.26 billion. During the same quarter in the prior year, the business posted $0.52 earnings per share. The company’s revenue was up 33.7% compared to the same quarter last year.
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Other analysts have also recently issued reports about the company. Piper Jaffray Companies reiterated a “buy” rating and issued a $1,200.00 price objective on shares of Amazon.com in a research note on Friday, July 14th. BidaskClub upgraded Amazon.com from a “hold” rating to a “buy” rating in a research note on Wednesday, July 12th. Sanford C. Bernstein reiterated a “buy” rating on shares of Amazon.com in a research note on Tuesday, July 11th. Vetr cut Amazon.com from a “strong-buy” rating to a “buy” rating and set a $1,105.24 price objective on the stock. in a research note on Monday, July 10th. Finally, UBS AG reiterated a “buy” rating and issued a $1,200.00 price objective (up from $1,100.00) on shares of Amazon.com in a research note on Monday, July 17th. One investment analyst has rated the stock with a sell rating, four have given a hold rating and forty-nine have issued a buy rating to the company’s stock. Amazon.com has a consensus rating of “Buy” and a consensus target price of $1,135.75.
Amazon.com (NASDAQ:AMZN) opened at 1100.95 on Monday. Amazon.com has a one year low of $710.10 and a one year high of $1,105.58. The stock has a 50 day moving average price of $980.24 and a 200-day moving average price of $974.26. The stock has a market capitalization of $528.87 billion, a P/E ratio of 280.00 and a beta of 1.47.
Institutional investors have recently modified their holdings of the company. Vestor Capital LLC raised its stake in shares of Amazon.com by 10.1% in the 2nd quarter. Vestor Capital LLC now owns 109 shares of the e-commerce giant’s stock valued at $106,000 after purchasing an additional 10 shares in the last quarter. Clear Investment Research LLC raised its stake in shares of Amazon.com by 73,100.0% in the 2nd quarter. Clear Investment Research LLC now owns 732 shares of the e-commerce giant’s stock valued at $107,000 after purchasing an additional 731 shares in the last quarter. WealthTrust Arizona LLC raised its stake in Amazon.com by 2.7% during the second quarter. WealthTrust Arizona LLC now owns 114 shares of the e-commerce giant’s stock worth $110,000 after acquiring an additional 3 shares during the period. LeJeune Puetz Investment Counsel LLC acquired a new stake in Amazon.com during the second quarter worth about $116,000. Finally, Mountain Capital Investment Advisors Inc acquired a new stake in Amazon.com during the second quarter worth about $121,000. Institutional investors and hedge funds own 60.77% of the company’s stock.
In other news, CEO Jeffrey A. Wilke sold 710 shares of the company’s stock in a transaction dated Friday, August 4th. The shares were sold at an average price of $987.39, for a total value of $701,046.90. Following the sale, the chief executive officer now owns 10,000 shares in the company, valued at approximately $9,873,900. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, VP Shelley Reynolds sold 544 shares of the company’s stock in a transaction dated Tuesday, August 15th. The shares were sold at an average price of $986.52, for a total transaction of $536,666.88. Following the completion of the sale, the vice president now owns 6,533 shares in the company, valued at approximately $6,444,935.16. The disclosure for this sale can be found here. In the last 90 days, insiders sold 9,083 shares of company stock worth $8,874,850. Company insiders own 17.70% of the company’s stock.
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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