FY2024 EPS Estimates for Amazon.com, Inc. Boosted by Analyst (NASDAQ:AMZN)

Amazon.com, Inc. (NASDAQ:AMZN) – Equities research analysts at Zacks Research lifted their FY2024 earnings per share estimates for Amazon.com in a research note issued to investors on Tuesday, May 21st. Zacks Research analyst R. Department now forecasts that the e-commerce giant will post earnings of $4.41 per share for the year, up from their previous estimate of $3.69. The consensus estimate for Amazon.com’s current full-year earnings is $4.67 per share. Zacks Research also issued estimates for Amazon.com’s Q1 2025 earnings at $1.02 EPS.

Other equities research analysts have also recently issued reports about the company. Telsey Advisory Group increased their target price on Amazon.com from $200.00 to $215.00 and gave the stock an “outperform” rating in a research note on Wednesday, May 1st. Argus upped their price target on Amazon.com from $185.00 to $205.00 and gave the company a “buy” rating in a report on Thursday, May 2nd. TD Cowen increased their target price on Amazon.com from $200.00 to $225.00 and gave the company an “outperform” rating in a report on Friday, February 2nd. Loop Capital increased their target price on Amazon.com from $215.00 to $225.00 and gave the company a “buy” rating in a report on Monday, May 6th. Finally, Bank of America increased their target price on Amazon.com from $185.00 to $204.00 and gave the company a “buy” rating in a report on Friday, February 2nd. One research analyst has rated the stock with a hold rating, forty-four have issued a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, Amazon.com has a consensus rating of “Buy” and an average price target of $211.62.

Amazon.com Trading Down 1.1 %

NASDAQ AMZN opened at $181.05 on Thursday. Amazon.com has a 12 month low of $114.31 and a 12 month high of $191.70. The stock has a market cap of $1.88 trillion, a P/E ratio of 50.71, a P/E/G ratio of 1.32 and a beta of 1.15. The stock’s fifty day moving average price is $181.91 and its 200-day moving average price is $165.77. The company has a current ratio of 1.07, a quick ratio of 0.87 and a debt-to-equity ratio of 0.27.

Amazon.com (NASDAQ:AMZN) last issued its quarterly earnings results on Tuesday, April 30th. The e-commerce giant reported $0.98 earnings per share for the quarter, topping the consensus estimate of $0.83 by $0.15. The company had revenue of $143.31 billion for the quarter, compared to analysts’ expectations of $142.65 billion. Amazon.com had a return on equity of 19.86% and a net margin of 6.38%. The firm’s revenue for the quarter was up 12.5% on a year-over-year basis. During the same period in the prior year, the firm earned $0.31 earnings per share.

Insider Buying and Selling at Amazon.com

In other news, CEO Andrew R. Jassy sold 20,784 shares of the firm’s stock in a transaction that occurred on Tuesday, May 21st. The stock was sold at an average price of $181.44, for a total value of $3,771,048.96. Following the completion of the sale, the chief executive officer now directly owns 2,025,358 shares of the company’s stock, valued at approximately $367,480,955.52. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. In related news, CEO Andrew R. Jassy sold 50,000 shares of the firm’s stock in a transaction that occurred on Monday, March 4th. The stock was sold at an average price of $180.00, for a total transaction of $9,000,000.00. Following the completion of the sale, the chief executive officer now directly owns 1,994,182 shares of the company’s stock, valued at approximately $358,952,760. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Andrew R. Jassy sold 20,784 shares of the firm’s stock in a transaction that occurred on Tuesday, May 21st. The stock was sold at an average price of $181.44, for a total value of $3,771,048.96. Following the sale, the chief executive officer now directly owns 2,025,358 shares of the company’s stock, valued at $367,480,955.52. The disclosure for this sale can be found here. Insiders sold 117,894 shares of company stock worth $21,363,909 in the last quarter. 10.80% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Amazon.com

A number of institutional investors and hedge funds have recently bought and sold shares of AMZN. Cooksen Wealth LLC purchased a new position in shares of Amazon.com in the 4th quarter valued at $30,000. PayPay Securities Corp increased its position in Amazon.com by 54.3% during the 3rd quarter. PayPay Securities Corp now owns 267 shares of the e-commerce giant’s stock valued at $34,000 after buying an additional 94 shares in the last quarter. E Fund Management Hong Kong Co. Ltd. increased its position in Amazon.com by 45.0% during the 4th quarter. E Fund Management Hong Kong Co. Ltd. now owns 277 shares of the e-commerce giant’s stock valued at $42,000 after buying an additional 86 shares in the last quarter. Strid Group LLC acquired a new position in Amazon.com during the 4th quarter valued at about $43,000. Finally, Harbor Investment Advisory LLC increased its position in Amazon.com by 0.7% during the 4th quarter. Harbor Investment Advisory LLC now owns 299,959 shares of the e-commerce giant’s stock valued at $46,000 after buying an additional 1,988 shares in the last quarter. 72.20% of the stock is owned by institutional investors.

About Amazon.com

Amazon.com, Inc engages in the retail sale of consumer products, advertising, and subscriptions service through online and physical stores in North America and internationally. The company operates through three segments: North America, International, and Amazon Web Services (AWS). It also manufactures and sells electronic devices, including Kindle, Fire tablets, Fire TVs, Echo, Ring, Blink, and eero; and develops and produces media content.