Amazon.com, Inc. (NASDAQ:AMZN) – Stock analysts at DA Davidson upped their FY2018 earnings per share (EPS) estimates for Amazon.com in a note issued to investors on Friday, October 26th, Zacks Investment Research reports. DA Davidson analyst T. Forte now forecasts that the e-commerce giant will post earnings per share of $19.62 for the year, up from their previous forecast of $19.16. DA Davidson has a “Buy” rating and a $2,450.00 price objective on the stock.
Amazon.com (NASDAQ:AMZN) last announced its quarterly earnings data on Thursday, October 25th. The e-commerce giant reported $5.75 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.29 by $2.46. The company had revenue of $56.58 billion for the quarter, compared to the consensus estimate of $57.05 billion. Amazon.com had a return on equity of 24.35% and a net margin of 4.03%.
A number of other research analysts also recently issued reports on the company. Barclays reissued a “buy” rating on shares of Amazon.com in a research note on Wednesday. Jefferies Financial Group reissued a “buy” rating on shares of Amazon.com in a research note on Tuesday. Wells Fargo & Co reissued a “buy” rating on shares of Amazon.com in a research note on Tuesday. Zacks Investment Research reaffirmed a “buy” rating and issued a $1,714.00 target price on shares of Amazon.com in a research report on Monday, November 12th. Finally, BidaskClub raised Amazon.com from a “sell” rating to a “hold” rating in a research report on Saturday, November 10th. Three analysts have rated the stock with a hold rating and forty-eight have given a buy rating to the stock. The stock presently has a consensus rating of “Buy” and an average price target of $2,085.14.
Shares of NASDAQ:AMZN traded up $21.27 during midday trading on Monday, reaching $1,516.73. The company’s stock had a trading volume of 5,705,581 shares, compared to its average volume of 8,294,269. The company has a market capitalization of $731.23 billion, a price-to-earnings ratio of 333.35, a P/E/G ratio of 2.86 and a beta of 1.70. 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 fifty-two week low of $1,124.74 and a fifty-two week high of $2,050.50.
In other news, CEO Jeffrey P. Bezos sold 16,964 shares of the business’s stock in a transaction that occurred on Monday, October 29th. The stock was sold at an average price of $1,632.23, for a total value of $27,689,149.72. Following the transaction, the chief executive officer now owns 78,884,539 shares in the company, valued at approximately $128,757,711,091.97. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CEO Jeffrey A. Wilke sold 1,230 shares of the business’s stock in a transaction that occurred on Tuesday, November 20th. The stock was sold at an average price of $1,506.94, for a total value of $1,853,536.20. The disclosure for this sale can be found here. Insiders sold a total of 31,950 shares of company stock worth $54,540,968 in the last 90 days. Company insiders own 16.30% of the company’s stock.
Several hedge funds and other institutional investors have recently made changes to their positions in AMZN. CLS Investments LLC lifted its stake in Amazon.com by 1,225.0% in the third quarter. CLS Investments LLC now owns 53 shares of the e-commerce giant’s stock valued at $106,000 after purchasing an additional 49 shares during the last quarter. Spirit of America Management Corp NY purchased a new position in Amazon.com in the third quarter valued at approximately $110,000. Taylor Hoffman Wealth Management lifted its position in shares of Amazon.com by 192.3% during the third quarter. Taylor Hoffman Wealth Management now owns 76 shares of the e-commerce giant’s stock worth $152,000 after acquiring an additional 50 shares in the last quarter. Lee Financial Co lifted its position in shares of Amazon.com by 154.3% during the first quarter. Lee Financial Co now owns 89 shares of the e-commerce giant’s stock worth $129,000 after acquiring an additional 54 shares in the last quarter. Finally, Lucia Wealth Services LLC lifted its position in shares of Amazon.com by 50.0% during the second quarter. Lucia Wealth Services LLC now owns 90 shares of the e-commerce giant’s stock worth $153,000 after acquiring an additional 30 shares in the last quarter. Hedge funds and other institutional investors own 56.12% of the company’s stock.
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.
Further Reading: Buyback
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