Amazon.com, Inc. (NASDAQ:AMZN) – Oppenheimer lifted their FY2017 EPS estimates for shares of Amazon.com in a research note issued on Monday. Oppenheimer analyst J. Helfstein now forecasts that the e-commerce giant will post earnings of $3.61 per share for the year, up from their prior estimate of $3.59. Oppenheimer has a “Buy” rating on the stock. Oppenheimer also issued estimates for Amazon.com’s Q4 2017 earnings at $1.21 EPS, Q3 2018 earnings at $0.90 EPS and Q4 2018 earnings at $2.31 EPS.
A number of other brokerages also recently issued reports on AMZN. BMO Capital Markets boosted their price objective on Amazon.com to $1,600.00 and gave the company an “outperform” rating in a research note on Tuesday. Bank of America reissued a “buy” rating and issued a $1,460.00 price objective (up from $1,220.00) on shares of Amazon.com in a research note on Tuesday. They noted that the move was a valuation call. BidaskClub raised Amazon.com from a “buy” rating to a “strong-buy” rating in a research note on Thursday. SunTrust Banks reissued a “buy” rating and issued a $1,400.00 price objective (up from $1,270.00) on shares of Amazon.com in a research note on Friday, January 12th. Finally, UBS Group reissued a “buy” rating on shares of Amazon.com in a research note on Thursday, January 11th. Four analysts have rated the stock with a hold rating, fifty have issued a buy rating and one has assigned a strong buy rating to the company. The stock presently has a consensus rating of “Buy” and an average target price of $1,278.33.
Shares of Amazon.com (NASDAQ:AMZN) opened at $1,295.00 on Wednesday. Amazon.com has a 52-week low of $803.00 and a 52-week high of $1,339.94. The company has a market capitalization of $624,020.00, a PE ratio of 327.02, a price-to-earnings-growth ratio of 7.74 and a beta of 1.46. The company has a debt-to-equity ratio of 1.00, a current ratio of 1.03 and a quick ratio of 0.74.
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 analysts’ consensus estimates of $1.09 by ($0.57). Amazon.com had a net margin of 1.20% and a return on equity of 8.67%. The company had revenue of $43.74 billion during the quarter, compared to the consensus estimate of $42.26 billion. During the same quarter last year, the firm posted $0.52 EPS. The company’s quarterly revenue was up 33.7% on a year-over-year basis.
In other news, CEO Jeffrey P. Bezos sold 391,110 shares of the stock in a transaction that occurred on Wednesday, November 1st. The stock was sold at an average price of $1,103.53, for a total value of $431,601,618.30. Following the completion of the sale, the chief executive officer now directly owns 79,891,433 shares of the company’s stock, valued at $88,162,593,058.49. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, VP Shelley Reynolds sold 544 shares of the stock in a transaction that occurred on Wednesday, November 15th. The stock was 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. Over the last three months, insiders sold 402,338 shares of company stock valued at $444,391,701. Company insiders own 17.70% of the company’s stock.
Institutional investors have recently modified their holdings of the company. Whitnell & Co. grew its holdings in shares of Amazon.com by 581.3% in the third 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 grew its holdings in shares of Amazon.com by 10.1% in the second 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. Clear Investment Research LLC grew its holdings in shares of Amazon.com by 73,100.0% in the second quarter. Clear Investment Research LLC now owns 732 shares of the e-commerce giant’s stock valued at $107,000 after acquiring an additional 731 shares in the last quarter. LeJeune Puetz Investment Counsel LLC bought a new position in shares of Amazon.com in the second quarter valued at approximately $116,000. Finally, Portfolio Solutions LLC bought a new position in shares of Amazon.com in the fourth quarter valued at approximately $119,000. 59.82% of the stock is owned by hedge funds and other institutional investors.
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.