Amazon.com, Inc. (NASDAQ:AMZN) – Equities researchers at DA Davidson increased their FY2017 EPS estimates for Amazon.com in a research report issued to clients and investors on Wednesday. DA Davidson analyst T. Forte now anticipates that the e-commerce giant will post earnings per share of $4.17 for the year, up from their prior estimate of $4.16. DA Davidson currently has a “Buy” rating and a $1,500.00 target price on the stock. DA Davidson also issued estimates for Amazon.com’s Q4 2017 earnings at $1.78 EPS, FY2018 earnings at $10.60 EPS, FY2019 earnings at $16.91 EPS, FY2020 earnings at $25.56 EPS and FY2021 earnings at $34.67 EPS.
Amazon.com (NASDAQ:AMZN) last issued its quarterly earnings results on Thursday, October 26th. The e-commerce giant reported $0.52 earnings per share for the quarter, missing the Zacks’ consensus estimate of $1.09 by ($0.57). Amazon.com had a return on equity of 8.67% and a net margin of 1.20%. The firm had revenue of $43.74 billion for the quarter, compared to the consensus estimate of $42.26 billion. During the same period last year, the company posted $0.52 EPS. The business’s revenue was up 33.7% on a year-over-year basis.
Shares of Amazon.com (NASDAQ AMZN) traded down $16.07 during trading on Friday, hitting $1,160.68. 1,381,202 shares of the stock were exchanged, compared to its average volume of 3,572,192. Amazon.com has a 12 month low of $736.70 and a 12 month high of $1,213.41. The company has a debt-to-equity ratio of 1.00, a quick ratio of 0.74 and a current ratio of 1.03. The company has a market cap of $567,040.00, a P/E ratio of 302.94, a PEG ratio of 14.95 and a beta of 1.45.
Hedge funds and other institutional investors have recently modified their holdings of the stock. Whitnell & Co. increased its position in 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 purchasing an additional 93 shares during the period. Vestor Capital LLC grew its position 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 worth $106,000 after buying an additional 10 shares during the period. Clear Investment Research LLC grew its position in shares of Amazon.com by 73,100.0% in the 2nd quarter. Clear Investment Research LLC now owns 732 shares of the e-commerce giant’s stock worth $107,000 after buying an additional 731 shares during the period. WealthTrust Arizona LLC grew its position 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 worth $110,000 after buying an additional 3 shares during the period. Finally, LeJeune Puetz Investment Counsel LLC purchased a new stake in shares of Amazon.com in the 2nd quarter worth about $116,000. 59.70% of the stock is currently owned by institutional investors and hedge funds.
In related news, Director Tom A. Alberg sold 1,860 shares of the stock in a transaction on Monday, November 6th. The shares were sold at an average price of $1,109.20, for a total transaction of $2,063,112.00. Following the transaction, the director now directly owns 18,460 shares of the company’s stock, valued at $20,475,832. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CEO Jeffrey P. Bezos sold 391,110 shares of the stock in a transaction on Wednesday, November 1st. The stock was sold at an average price of $1,103.53, for a total transaction of $431,601,618.30. Following 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. Over the last three months, insiders have sold 399,538 shares of company stock worth $441,142,749. 17.00% of the stock is owned by insiders.
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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