Amazon.com, Inc. (NASDAQ:AMZN) – Research analysts at KeyCorp boosted their FY2019 earnings per share (EPS) estimates for shares of Amazon.com in a research note issued to investors on Thursday. KeyCorp analyst E. Yruma now expects that the e-commerce giant will post earnings of $13.41 per share for the year, up from their prior forecast of $13.26. KeyCorp has a “Hold” rating on the stock.
Several other research analysts have also recently weighed in on the company. Canaccord Genuity reaffirmed a “buy” rating and set a $1,200.00 price objective on shares of Amazon.com in a research report on Wednesday, October 11th. Wedbush set a $1,250.00 price objective on Amazon.com and gave the stock a “buy” rating in a research report on Monday, October 23rd. Morgan Stanley reaffirmed a “buy” rating and set a $1,150.00 price objective on shares of Amazon.com in a research report on Tuesday, October 10th. Atlantic Securities reaffirmed a “buy” rating on shares of Amazon.com in a research report on Friday, October 27th. Finally, DA Davidson upped their price objective on Amazon.com from $1,300.00 to $1,500.00 and gave the stock a “buy” rating in a research report on Wednesday, November 29th. Six equities research analysts have rated the stock with a hold rating, forty-seven have assigned a buy rating and two have issued a strong buy rating to the company. Amazon.com presently has an average rating of “Buy” and a consensus price target of $1,412.13.
Amazon.com (NASDAQ AMZN) opened at $1,429.95 on Monday. The company has a current ratio of 1.04, a quick ratio of 0.76 and a debt-to-equity ratio of 0.89. The firm has a market capitalization of $689,050.00, a PE ratio of 231.76, a PEG ratio of 8.23 and a beta of 1.63. Amazon.com has a 52-week low of $803.00 and a 52-week high of $1,498.00.
Amazon.com (NASDAQ:AMZN) last posted its quarterly earnings data on Thursday, February 1st. The e-commerce giant reported $2.16 earnings per share for the quarter, topping the consensus estimate of $1.85 by $0.31. The company had revenue of $60.45 billion during the quarter, compared to analysts’ expectations of $59.85 billion. Amazon.com had a return on equity of 9.23% and a net margin of 1.71%. Amazon.com’s revenue for the quarter was up 38.2% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.54 earnings per share.
In other Amazon.com news, Chief Executive Officer of Worldwide Consumer Jeffrey A. Wilke sold 2,800 shares of the firm’s stock in a transaction on Friday, December 8th. The stock was sold at an average price of $1,160.34, for a total value of $3,248,952.00. Following the sale, the insider now owns 10,000 shares of the company’s stock, valued at approximately $11,603,400. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, VP Shelley Reynolds sold 544 shares of the firm’s stock in a transaction on Wednesday, November 15th. The shares were sold at an average price of $1,126.27, for a total value of $612,690.88. The disclosure for this sale can be found here. In the last ninety days, insiders sold 9,368 shares of company stock worth $10,726,970. Company insiders own 17.00% of the company’s stock.
Hedge funds have recently modified their holdings of the business. Whitnell & Co. boosted its holdings in shares of Amazon.com by 581.3% during the 3rd quarter. Whitnell & Co. now owns 109 shares of the e-commerce giant’s stock valued at $105,000 after acquiring an additional 93 shares in the last quarter. Vestor Capital LLC boosted its holdings in shares of Amazon.com by 10.1% during the 2nd quarter. Vestor Capital LLC now owns 109 shares of the e-commerce giant’s stock valued at $106,000 after acquiring an additional 10 shares in the last quarter. Portfolio Solutions LLC acquired a new stake in shares of Amazon.com during the 4th quarter valued at $119,000. Mountain Capital Investment Advisors Inc acquired a new stake in shares of Amazon.com during the 2nd quarter valued at $121,000. Finally, Endurance Wealth Management Inc. boosted its holdings in shares of Amazon.com by 90.9% during the 4th quarter. Endurance Wealth Management Inc. now owns 105 shares of the e-commerce giant’s stock valued at $123,000 after acquiring an additional 50 shares in the last quarter. 59.49% of the stock is currently owned by hedge funds and other institutional investors.
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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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