Amazon.com (NASDAQ:AMZN) – Equities research analysts at KeyCorp lifted their Q1 2018 earnings per share estimates for shares of Amazon.com in a research report issued on Monday, April 23rd. KeyCorp analyst E. Yruma now anticipates that the e-commerce giant will post earnings per share of $1.17 for the quarter, up from their prior forecast of $1.07. KeyCorp has a “Hold” rating on the stock. KeyCorp also issued estimates for Amazon.com’s Q2 2018 earnings at $1.36 EPS, Q3 2018 earnings at $1.18 EPS, Q4 2018 earnings at $5.29 EPS, FY2018 earnings at $9.01 EPS and FY2019 earnings at $13.51 EPS.
A number of other research analysts have also commented on the stock. JPMorgan Chase restated a “buy” rating and set a $1,385.00 price target (up from $1,375.00) on shares of Amazon.com in a research report on Wednesday, January 10th. Wolfe Research upgraded shares of Amazon.com from a “peer perform” rating to an “outperform” rating in a research report on Friday, February 23rd. UBS upped their target price on shares of Amazon.com to $1,760.00 and gave the stock a “buy” rating in a research report on Friday, March 9th. They noted that the move was a valuation call. BMO Capital Markets upped their target price on shares of Amazon.com to $1,600.00 and gave the stock an “outperform” rating in a research report on Tuesday, January 16th. Finally, Barclays reiterated an “overweight” rating and issued a $1,580.00 target price on shares of Amazon.com in a research report on Friday, February 2nd. Three analysts have rated the stock with a hold rating, fifty have assigned a buy rating and one has given a strong buy rating to the stock. Amazon.com presently has an average rating of “Buy” and an average target price of $1,507.08.
Amazon.com (NASDAQ:AMZN) last released its quarterly earnings results on Wednesday, April 25th. The e-commerce giant reported $3.27 EPS for the quarter, beating analysts’ consensus estimates of $1.80 by $1.47. The firm had revenue of $51.04 billion during the quarter, compared to analyst estimates of $49.94 billion. Amazon.com had a net margin of 1.71% and a return on equity of 9.23%. The business’s revenue for the quarter was up 42.9% on a year-over-year basis. During the same period in the previous year, the business earned $1.48 EPS.
Several large investors have recently modified their holdings of AMZN. Whitnell & Co. increased its position in shares of Amazon.com by 581.3% during the third quarter. Whitnell & Co. now owns 109 shares of the e-commerce giant’s stock valued at $105,000 after buying an additional 93 shares during the period. Vestor Capital LLC increased its position in shares of Amazon.com by 10.1% during the second quarter. Vestor Capital LLC now owns 109 shares of the e-commerce giant’s stock valued at $106,000 after buying an additional 10 shares during the period. Taylor Hoffman Wealth Management purchased a new position in shares of Amazon.com during the fourth quarter valued at about $108,000. Portfolio Solutions LLC purchased a new position in shares of Amazon.com during the fourth quarter valued at about $119,000. Finally, Santori & Peters Inc. purchased a new position in shares of Amazon.com during the fourth quarter valued at about $121,000. 60.24% of the stock is owned by hedge funds and other institutional investors.
In other news, CEO Jeffrey A. Wilke sold 2,000 shares of the company’s stock in a transaction dated Friday, February 16th. The shares were sold at an average price of $1,454.37, for a total transaction of $2,908,740.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Tom A. Alberg sold 670 shares of the company’s stock in a transaction dated Wednesday, February 21st. The shares were sold at an average price of $1,500.00, for a total transaction of $1,005,000.00. Following the transaction, the director now directly owns 14,159 shares of the company’s stock, valued at $21,238,500. The disclosure for this sale can be found here. Insiders sold 6,214 shares of company stock valued at $9,251,120 over the last three months. 17.70% of the stock is currently owned by insiders.
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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