Stifel Nicolaus reaffirmed their buy rating on shares of Amazon.com (NASDAQ:AMZN) in a report released on Friday, July 27th. They currently have a $2,020.00 price objective on the e-commerce giant’s stock.
“We are raising our operating margin estimates for FY:18 and beyond though modestly reducing our near-term revenue estimates. We reiterate our Buy rating and maintain our $2020 target price. Key Points Margin ahead of expectations; revenue modestly below the Street: Amazon reported 2Q:18 revenue growth of 37% y/y FX-adj. to $52.9B, modestly below our / consensus expectations of $53.6B (+39% y/y FX-adj.) / $53.4B (+38% y/y FX-adj.) and slightly above the midpoint of the guided range ($51.0B-$54.0B). Paid unit growth decelerated for the fourth consecutive quarter, growing 17% y/y (versus 22% last quarter). AWS revenue accelerated sequentially with growth of 49% y/y FX-adj. to $6.1B, ahead of our consensus-matching estimate of $6.0B, marking the third consecutive of acceleration.”,” Stifel Nicolaus’ analyst commented.
A number of other analysts have also weighed in on AMZN. Susquehanna Bancshares increased their target price on shares of Amazon.com from $1,850.00 to $2,000.00 in a report on Friday, April 27th. Royal Bank of Canada reissued a $1,842.92 rating on shares of Amazon.com in a research report on Wednesday, July 18th. Goldman Sachs Group reissued a buy rating on shares of Amazon.com in a research report on Thursday, April 19th. Morgan Stanley restated a buy rating and set a $1,550.00 target price on shares of Amazon.com in a research note on Thursday, April 19th. Finally, Credit Suisse Group reiterated a buy rating on shares of Amazon.com in a research note on Friday, April 13th. Two investment analysts have rated the stock with a hold rating, fifty have issued a buy rating and one has issued a strong buy rating to the company’s stock. Amazon.com presently has an average rating of Buy and a consensus target price of $1,933.51.
Amazon.com (NASDAQ:AMZN) last released its earnings results on Thursday, July 26th. The e-commerce giant reported $5.07 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.49 by $2.58. The company had revenue of $52.89 billion during the quarter, compared to analyst estimates of $53.37 billion. Amazon.com had a return on equity of 18.47% and a net margin of 3.02%. Amazon.com’s quarterly revenue was up 39.3% on a year-over-year basis. During the same period in the prior year, the company posted $0.40 earnings per share. analysts anticipate that Amazon.com will post 17.27 EPS for the current year.
In related news, Director Tom A. Alberg sold 2,320 shares of the stock in a transaction dated Monday, August 6th. The shares were sold at an average price of $1,827.29, for a total value of $4,239,312.80. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, VP Shelley Reynolds sold 435 shares of the company’s stock in a transaction dated Tuesday, May 15th. The shares were sold at an average price of $1,578.02, for a total transaction of $686,438.70. Following the completion of the transaction, the vice president now owns 6,408 shares in the company, valued at $10,111,952.16. The disclosure for this sale can be found here. Over the last three months, insiders sold 16,438 shares of company stock worth $27,553,529. 16.30% of the stock is owned by corporate insiders.
A number of large investors have recently added to or reduced their stakes in AMZN. BlackRock Inc. lifted its holdings in shares of Amazon.com by 0.7% during the 2nd quarter. BlackRock Inc. now owns 25,402,494 shares of the e-commerce giant’s stock worth $43,179,159,000 after acquiring an additional 167,739 shares during the period. FMR LLC lifted its holdings in shares of Amazon.com by 0.7% during the 2nd quarter. FMR LLC now owns 17,245,226 shares of the e-commerce giant’s stock worth $29,313,435,000 after acquiring an additional 121,401 shares during the period. Summit Trail Advisors LLC lifted its holdings in shares of Amazon.com by 180,406.1% during the 1st quarter. Summit Trail Advisors LLC now owns 9,848,415 shares of the e-commerce giant’s stock worth $9,848,000 after acquiring an additional 9,842,959 shares during the period. Cornerstone Wealth Management LLC lifted its holdings in shares of Amazon.com by 198,956.6% during the 2nd quarter. Cornerstone Wealth Management LLC now owns 3,340,169 shares of the e-commerce giant’s stock worth $1,949,000 after acquiring an additional 3,338,491 shares during the period. Finally, Janus Henderson Group PLC lifted its holdings in shares of Amazon.com by 2.8% during the 2nd quarter. Janus Henderson Group PLC now owns 1,909,022 shares of the e-commerce giant’s stock worth $3,244,834,000 after acquiring an additional 51,254 shares during the period. Institutional investors own 57.12% of the company’s stock.
Amazon.com Company Profile
Amazon.com, Inc engages in the retail sale of consumer products and subscriptions in North America and internationally. The company operates through three segments: North America, International, and Amazon Web Services (AWS) segments. It sells merchandise and content purchased for resale from vendors, as well as those offered by third-party sellers through physical stores and retail Websites, such as amazon.com, amazon.ca, amazon.com.mx, amazon.com.au, amazon.com.br, amazon.cn, amazon.fr, amazon.de, amazon.in, amazon.it, amazon.co.jp, amazon.nl, amazon.es, and amazon.co.uk.
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