KeyCorp Research Analysts Cut Earnings Estimates for Amazon.com, Inc. (NASDAQ:AMZN)

Amazon.com, Inc. (NASDAQ:AMZN) – Equities researchers at KeyCorp reduced their Q4 2018 earnings per share (EPS) estimates for shares of Amazon.com in a note issued to investors on Sunday, according to Zacks Investment Research. KeyCorp analyst E. Yruma now forecasts that the e-commerce giant will post earnings of $4.86 per share for the quarter, down from their previous estimate of $4.87. KeyCorp currently has a “Hold” rating on the stock.

Several other equities analysts have also recently commented on the stock. Vetr upgraded shares of Amazon.com from a “sell” rating to a “hold” rating and set a $1,155.74 target price for the company in a research report on Wednesday, November 29th. Wells Fargo & Co restated a “buy” rating on shares of Amazon.com in a research report on Monday, December 4th. Oppenheimer restated a “buy” rating on shares of Amazon.com in a research report on Friday, February 2nd. Macquarie restated a “buy” rating on shares of Amazon.com in a research report on Friday, February 2nd. Finally, Canaccord Genuity restated a “buy” rating and issued a $1,650.00 target price (up from $1,500.00) on shares of Amazon.com in a research report on Friday, February 2nd. Six investment analysts have rated the stock with a hold rating, forty-eight have issued a buy rating and one has issued a strong buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and a consensus target price of $1,437.43.

Shares of Amazon.com (AMZN) opened at $1,451.05 on Wednesday. The company has a quick ratio of 0.76, a current ratio of 1.04 and a debt-to-equity ratio of 0.89. The stock has a market cap of $702,460.00, a PE ratio of 316.82, a price-to-earnings-growth ratio of 6.22 and a beta of 1.63. Amazon.com has a twelve month low of $832.82 and a twelve month 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 (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.85 by $0.31. The firm had revenue of $60.45 billion during the quarter, compared to the consensus estimate of $59.85 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 38.2% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $1.54 EPS.

Large investors have recently bought and sold shares of the company. Whitnell & Co. boosted its stake in Amazon.com by 581.3% during the third quarter. Whitnell & Co. now owns 109 shares of the e-commerce giant’s stock worth $105,000 after acquiring an additional 93 shares in the last quarter. Vestor Capital LLC boosted its stake in Amazon.com by 10.1% during the second quarter. Vestor Capital LLC now owns 109 shares of the e-commerce giant’s stock worth $106,000 after acquiring an additional 10 shares in the last quarter. Taylor Hoffman Wealth Management bought a new position in Amazon.com during the fourth quarter worth $108,000. LeJeune Puetz Investment Counsel LLC bought a new position in Amazon.com during the second quarter worth $116,000. Finally, Portfolio Solutions LLC bought a new position in shares of Amazon.com in the fourth quarter valued at $119,000. 59.06% of the stock is currently owned by institutional investors.

In other news, Chief Executive Officer of Worldwide Consumer Jeffrey A. Wilke sold 2,800 shares of the company’s stock in a transaction on Friday, December 8th. The shares were sold at an average price of $1,160.34, for a total value of $3,248,952.00. Following the sale, the insider now directly owns 10,000 shares of the company’s stock, valued at approximately $11,603,400. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, Director Tom A. Alberg sold 835 shares of the company’s stock in a transaction on Monday, November 27th. The shares were sold at an average price of $1,202.74, for a total transaction of $1,004,287.90. Following the completion of the sale, the director now directly owns 17,114 shares in the company, valued at $20,583,692.36. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 4,505 shares of company stock worth $5,253,740. Insiders own 17.70% of the company’s stock.

TRADEMARK VIOLATION NOTICE: This piece was reported by Week Herald and is the property of of Week Herald. If you are reading this piece on another site, it was illegally copied and republished in violation of United States & international trademark and copyright legislation. The original version of this piece can be viewed at https://weekherald.com/2018/02/15/keycorp-weighs-in-on-amazon-com-inc-s-q4-2018-earnings-amzn.html.

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.

Get a free copy of the Zacks research report on Amazon.com (AMZN)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Earnings History and Estimates for Amazon.com (NASDAQ:AMZN)

Receive News & Ratings for Amazon.com Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Amazon.com and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply