Amazon.com, Inc. (NASDAQ:AMZN) – Research analysts at Jefferies Group issued their Q1 2018 earnings per share (EPS) estimates for shares of Amazon.com in a research note issued to investors on Thursday. Jefferies Group analyst B. Thill expects that the e-commerce giant will post earnings of $1.84 per share for the quarter. Jefferies Group has a “Buy” rating and a $1,350.00 price target on the stock. Jefferies Group also issued estimates for Amazon.com’s Q2 2018 earnings at $1.66 EPS, Q3 2018 earnings at $1.57 EPS and Q4 2018 earnings at $3.54 EPS.
A number of other research analysts have also recently weighed in on AMZN. Morgan Stanley restated a “buy” rating on shares of Amazon.com in a report on Monday, September 25th. Wells Fargo & Co restated an “outperform” rating and issued a $1,400.00 price objective on shares of Amazon.com in a report on Tuesday, September 26th. Cantor Fitzgerald restated a “buy” rating and issued a $1,150.00 price objective on shares of Amazon.com in a report on Thursday, September 28th. SunTrust Banks reiterated a “buy” rating and set a $1,190.00 price target on shares of Amazon.com in a report on Monday, October 2nd. Finally, Loop Capital reiterated a “buy” rating and set a $1,200.00 price target on shares of Amazon.com in a report on Monday, October 2nd. Four equities research analysts have rated the stock with a hold rating, fifty have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. The company presently has an average rating of “Buy” and a consensus target price of $1,278.33.
Amazon.com (NASDAQ:AMZN) last announced its quarterly earnings data on Thursday, October 26th. The e-commerce giant reported $0.52 earnings per share for the quarter, missing analysts’ consensus estimates of $1.09 by ($0.57). The business had revenue of $43.74 billion during 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 company’s revenue for the quarter was up 33.7% on a year-over-year basis. During the same quarter last year, the firm posted $0.52 EPS.
In related news, CEO Jeffrey P. Bezos sold 391,110 shares of the 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 sale, the chief executive officer now directly owns 79,891,433 shares of the company’s stock, valued at approximately $88,162,593,058.49. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, Chief Executive Officer of Worldwide Consumer Jeffrey A. Wilke sold 2,800 shares of the stock in a transaction dated Friday, December 8th. The shares were sold at an average price of $1,160.34, for a total transaction of $3,248,952.00. Following the completion of the sale, the insider now directly owns 10,000 shares in the company, valued at $11,603,400. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 402,338 shares of company stock worth $444,391,701. Corporate insiders own 17.00% of the company’s stock.
Hedge funds and other institutional investors have recently modified their holdings of the stock. Goelzer Investment Management Inc. grew its stake in Amazon.com by 48.7% in the 2nd quarter. Goelzer Investment Management Inc. now owns 397 shares of the e-commerce giant’s stock valued at $384,000 after acquiring an additional 130 shares during the last quarter. Lakeview Capital Partners LLC lifted its holdings in Amazon.com by 19.6% in the 2nd quarter. Lakeview Capital Partners LLC now owns 1,074 shares of the e-commerce giant’s stock valued at $1,040,000 after purchasing an additional 176 shares in the last quarter. Perpetual Ltd purchased a new position in Amazon.com in the 2nd quarter valued at about $25,356,000. R. G. Niederhoffer Capital Management Inc. purchased a new position in Amazon.com in the 2nd quarter valued at about $871,000. Finally, IBM Retirement Fund lifted its holdings in Amazon.com by 76.6% in the 2nd quarter. IBM Retirement Fund now owns 9,728 shares of the e-commerce giant’s stock valued at $10,523,000 after purchasing an additional 4,218 shares in the last quarter. 59.78% of the stock is currently owned by hedge funds and other institutional investors.
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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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