Amazon.com (AMZN) Announces Earnings Results, Beats Expectations By $2.46 EPS

Amazon.com (NASDAQ:AMZN) issued its quarterly earnings data on Thursday, October 25th. The e-commerce giant reported $5.75 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.29 by $2.46, Fidelity Earnings reports. Amazon.com had a net margin of 4.03% and a return on equity of 24.35%. The firm had revenue of $56.58 billion during the quarter, compared to the consensus estimate of $57.05 billion. Amazon.com updated its Q4 2018 guidance to EPS.

Shares of NASDAQ AMZN traded down $42.48 during mid-day trading on Friday, hitting $1,712.43. 5,891,531 shares of the company’s stock traded hands, compared to its average volume of 8,251,879. The company has a current ratio of 1.08, a quick ratio of 0.80 and a debt-to-equity ratio of 0.63. The stock has a market capitalization of $858.38 billion, a price-to-earnings ratio of 108.03, a P/E/G ratio of 3.36 and a beta of 1.70. Amazon.com has a 1 year low of $1,121.63 and a 1 year high of $2,050.50.

In related news, Director Judith A. Mcgrath sold 500 shares of the company’s stock in a transaction dated Thursday, August 16th. The shares were sold at an average price of $1,905.00, for a total transaction of $952,500.00. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, CEO Andrew R. Jassy sold 1,726 shares of the company’s stock in a transaction dated Wednesday, August 15th. The shares were sold at an average price of $1,900.00, for a total transaction of $3,279,400.00. Following the transaction, the chief executive officer now owns 88,801 shares in the company, valued at $168,721,900. The disclosure for this sale can be found here. Insiders have sold a total of 36,327 shares of company stock worth $64,744,896 over the last 90 days. Corporate insiders own 16.30% of the company’s stock.

A number of large investors have recently modified their holdings of the stock. Dean Capital Investments Management LLC bought a new position in Amazon.com during the 3rd quarter valued at about $655,000. Crawford Investment Counsel Inc. grew its stake in Amazon.com by 12.4% in the 3rd quarter. Crawford Investment Counsel Inc. now owns 380 shares of the e-commerce giant’s stock worth $761,000 after acquiring an additional 42 shares in the last quarter. Prescott Group Capital Management L.L.C. bought a new position in Amazon.com in the 3rd quarter worth about $200,000. DekaBank Deutsche Girozentrale grew its stake in Amazon.com by 2.1% in the 3rd quarter. DekaBank Deutsche Girozentrale now owns 155,136 shares of the e-commerce giant’s stock worth $314,211,000 after acquiring an additional 3,129 shares in the last quarter. Finally, Pathstone Family Office LLC grew its stake in Amazon.com by 523.9% in the 3rd quarter. Pathstone Family Office LLC now owns 1,616 shares of the e-commerce giant’s stock worth $3,236,000 after acquiring an additional 1,357 shares in the last quarter. Institutional investors own 56.59% of the company’s stock.

AMZN has been the subject of a number of recent research reports. BidaskClub downgraded shares of Amazon.com from a “hold” rating to a “sell” rating in a research report on Wednesday, October 31st. Morgan Stanley restated a “buy” rating on shares of Amazon.com in a research note on Tuesday, July 17th. Morningstar restated a “buy” rating on shares of Amazon.com in a research note on Thursday, October 11th. Barclays restated a “buy” rating and set a $1,870.00 target price on shares of Amazon.com in a research note on Friday, July 27th. Finally, Jefferies Financial Group restated a “buy” rating on shares of Amazon.com in a research note on Monday, October 1st. Four investment analysts have rated the stock with a hold rating and forty-seven have issued a buy rating to the company. Amazon.com presently has an average rating of “Buy” and an average target price of $2,091.53.

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About Amazon.com

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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Earnings History for Amazon.com (NASDAQ:AMZN)

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