Amazon.com, Inc. (NASDAQ:AMZN) – Equities researchers at SunTrust Banks increased their Q4 2017 earnings estimates for shares of Amazon.com in a research note issued on Thursday, according to Zacks Investment Research. SunTrust Banks analyst Y. Squali now anticipates that the e-commerce giant will earn $2.07 per share for the quarter, up from their prior forecast of $1.99. SunTrust Banks has a “Buy” rating and a $1,270.00 price objective on the stock.
Several other research firms have also commented on AMZN. Credit Suisse Group AG restated an “outperform” rating on shares of Amazon.com in a research report on Thursday, August 31st. Monness Crespi & Hardt upgraded shares of Amazon.com from a “neutral” rating to a “buy” rating and set a $1,250.00 target price on the stock in a research report on Friday, October 27th. Cowen and Company reiterated an “outperform” rating and issued a $1,125.00 target price on shares of Amazon.com in a research report on Thursday, August 10th. Zacks Investment Research lowered shares of Amazon.com from a “hold” rating to a “strong sell” rating in a research report on Monday, July 24th. Finally, Barclays PLC lifted their target price on shares of Amazon.com from $1,120.00 to $1,150.00 and gave the company an “overweight” rating in a research report on Friday, July 28th. Five analysts have rated the stock with a hold rating and forty-nine have issued a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and an average target price of $1,142.08.
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Shares of Amazon.com (AMZN) opened at $1,136.84 on Monday. The company has a market cap of $547,810.00, a price-to-earnings ratio of 285.62, a P/E/G ratio of 14.04 and a beta of 1.45. The company has a current ratio of 1.03, a quick ratio of 0.74 and a debt-to-equity ratio of 1.00. Amazon.com has a 52-week low of $725.99 and a 52-week high of $1,139.90.
Amazon.com (NASDAQ:AMZN) last released its quarterly earnings results on Thursday, October 26th. The e-commerce giant reported $0.52 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $1.09 by ($0.57). The firm had revenue of $43.74 billion for the quarter, compared to analyst estimates of $42.26 billion. Amazon.com had a net margin of 1.20% and a return on equity of 8.67%. The firm’s quarterly revenue was up 33.7% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.52 EPS.
Large investors have recently made changes to their positions in the company. Vestor Capital LLC lifted 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 during the period. Whitnell & Co. lifted its stake in shares of Amazon.com by 581.3% in the 3rd quarter. Whitnell & Co. now owns 109 shares of the e-commerce giant’s stock valued at $105,000 after purchasing an additional 93 shares during the period. WealthTrust Arizona LLC lifted its stake in shares of Amazon.com by 2.7% in the 2nd quarter. WealthTrust Arizona LLC now owns 114 shares of the e-commerce giant’s stock valued at $110,000 after purchasing an additional 3 shares during the period. LeJeune Puetz Investment Counsel LLC acquired a new position in shares of Amazon.com in the 2nd quarter valued at about $116,000. Finally, Mountain Capital Investment Advisors Inc acquired a new position in shares of Amazon.com in the 2nd quarter valued at about $121,000. 60.54% of the stock is currently owned by institutional investors.
In other Amazon.com news, Director Tom A. Alberg sold 1,860 shares of the company’s stock in a transaction dated Monday, November 6th. The stock was sold at an average price of $1,109.20, for a total value of $2,063,112.00. Following the sale, the director now owns 18,460 shares in the company, valued at approximately $20,475,832. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, CEO Jeffrey P. Bezos sold 391,110 shares of the business’s stock in a transaction dated Wednesday, November 1st. The shares were sold at an average price of $1,103.53, for a total value of $431,601,618.30. Following the completion of the transaction, the chief executive officer now directly owns 79,891,433 shares in the company, valued at $88,162,593,058.49. The disclosure for this sale can be found here. Insiders sold a total of 395,770 shares of company stock worth $436,339,290 in the last quarter. Corporate insiders own 17.00% of the company’s stock.
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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