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.
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.
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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.
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