Amazon.com, Inc. (NASDAQ:AMZN) – Research analysts at Jefferies Group lowered their Q2 2018 earnings per share estimates for shares of Amazon.com in a note issued to investors on Tuesday. Jefferies Group analyst B. Thill now expects that the e-commerce giant will earn $1.42 per share for the quarter, down from their previous estimate of $1.48. Jefferies Group currently has a “Buy” rating and a $1,850.00 price objective on the stock. Jefferies Group also issued estimates for Amazon.com’s FY2019 earnings at $15.62 EPS.
A number of other research analysts have also issued reports on AMZN. KeyCorp reiterated a “hold” rating on shares of Amazon.com in a report on Wednesday, November 15th. Citigroup reaffirmed a “buy” rating on shares of Amazon.com in a report on Sunday, November 19th. Nomura reaffirmed a “buy” rating and set a $1,360.00 price target on shares of Amazon.com in a report on Monday, November 20th. Vetr downgraded Amazon.com from a “hold” rating to a “sell” rating and set a $1,129.92 price target for the company. in a report on Monday, November 27th. Finally, Goldman Sachs Group reaffirmed a “buy” rating and set a $1,450.00 price target (up from $1,300.00) on shares of Amazon.com in a report on Tuesday, November 28th. Five equities research analysts have rated the stock with a hold rating, forty-seven have given a buy rating and two have given a strong buy rating to the company’s stock. The company presently has an average rating of “Buy” and a consensus price target of $1,475.28.
Amazon.com (NASDAQ:AMZN) last released its earnings results 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 analyst estimates of $59.85 billion. Amazon.com had a return on equity of 9.23% and a net margin of 1.71%. Amazon.com’s revenue was up 38.2% compared to the same quarter last year. During the same period last year, the business posted $1.54 earnings per share.
In related news, CEO Jeffrey A. Wilke sold 2,000 shares of the company’s stock in a transaction that occurred on Friday, February 16th. The stock was sold at an average price of $1,454.37, for a total value of $2,908,740.00. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Tom A. Alberg sold 670 shares of the company’s stock in a transaction that occurred on Wednesday, February 21st. The shares were sold at an average price of $1,500.00, for a total value of $1,005,000.00. Following the completion of the sale, the director now directly owns 14,159 shares in the company, valued at approximately $21,238,500. The disclosure for this sale can be found here. In the last 90 days, insiders sold 5,714 shares of company stock worth $8,462,195. Insiders own 17.00% of the company’s stock.
Hedge funds have recently bought and sold shares of the stock. Day & Ennis LLC increased its holdings in shares of Amazon.com by 21.3% during the 2nd quarter. Day & Ennis LLC now owns 279 shares of the e-commerce giant’s stock worth $270,000 after buying an additional 49 shares during the last quarter. Beach Investment Management LLC. increased its holdings in Amazon.com by 996.3% in the 2nd quarter. Beach Investment Management LLC. now owns 22,035 shares of the e-commerce giant’s stock valued at $21,330,000 after purchasing an additional 20,025 shares in the last quarter. JW Asset Management LLC increased its holdings in Amazon.com by 5.4% in the 2nd quarter. JW Asset Management LLC now owns 17,613 shares of the e-commerce giant’s stock valued at $17,049,000 after purchasing an additional 900 shares in the last quarter. Truepoint Inc. increased its holdings in Amazon.com by 52.3% in the 2nd quarter. Truepoint Inc. now owns 606 shares of the e-commerce giant’s stock valued at $604,000 after purchasing an additional 208 shares in the last quarter. Finally, RiverPoint Capital Management LLC increased its holdings in Amazon.com by 2.2% in the 2nd quarter. RiverPoint Capital Management LLC now owns 15,015 shares of the e-commerce giant’s stock valued at $14,535,000 after purchasing an additional 318 shares in the last quarter. 60.22% 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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