Amazon.com, Inc. (NASDAQ:AMZN) – Equities researchers at Oppenheimer lowered their Q1 2019 earnings per share estimates for Amazon.com in a research report issued on Sunday, March 31st, according to Zacks Investment Research. Oppenheimer analyst J. Helfstein now anticipates that the e-commerce giant will post earnings of $4.50 per share for the quarter, down from their prior estimate of $4.60. Oppenheimer has a “Outperform” rating and a $2,100.00 price objective on the stock. Oppenheimer also issued estimates for Amazon.com’s Q3 2019 earnings at $7.91 EPS and Q4 2019 earnings at $8.73 EPS.
A number of other equities analysts have also recently weighed in on AMZN. Royal Bank of Canada reaffirmed a “buy” rating on shares of Amazon.com in a research report on Thursday, December 27th. Zacks Investment Research raised shares of Amazon.com from a “hold” rating to a “buy” rating and set a $1,543.00 price objective for the company in a research report on Monday, December 31st. BidaskClub raised shares of Amazon.com from a “sell” rating to a “hold” rating in a research report on Friday, January 4th. Goldman Sachs Group lowered their price objective on shares of Amazon.com from $2,200.00 to $2,000.00 and set a “conviction-buy” rating for the company in a research report on Friday, January 4th. Finally, Pivotal Research began coverage on shares of Amazon.com in a research report on Monday, January 7th. They set a “buy” rating and a $1,920.00 price objective for the company. Five analysts have rated the stock with a hold rating and forty-five have given a buy rating to the company’s stock. Amazon.com currently has an average rating of “Buy” and an average target price of $2,151.56.
Amazon.com (NASDAQ:AMZN) last announced its quarterly earnings results on Thursday, April 25th. The e-commerce giant reported $7.09 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $4.61 by $2.48. The business had revenue of $59.70 billion during the quarter, compared to the consensus estimate of $59.73 billion. Amazon.com had a net margin of 4.33% and a return on equity of 27.02%. The business’s revenue was up 17.0% compared to the same quarter last year. During the same quarter last year, the firm earned $3.27 EPS.
In related news, Director Patricia Q. Stonesifer sold 1,375 shares of Amazon.com stock in a transaction on Tuesday, February 19th. The shares were sold at an average price of $1,602.00, for a total transaction of $2,202,750.00. Following the sale, the director now directly owns 7,861 shares in the company, valued at approximately $12,593,322. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Jeffrey A. Wilke sold 1,645 shares of Amazon.com stock in a transaction on Thursday, February 21st. The stock was sold at an average price of $1,614.65, for a total transaction of $2,656,099.25. Following the sale, the chief executive officer now owns 10,000 shares in the company, valued at $16,146,500. The disclosure for this sale can be found here. Insiders have sold a total of 7,075 shares of company stock worth $11,802,708 over the last quarter. 16.30% of the stock is owned by company insiders.
Large investors have recently made changes to their positions in the stock. Obermeyer Wood Investment Counsel Lllp increased its stake in Amazon.com by 10.9% in the second quarter. Obermeyer Wood Investment Counsel Lllp now owns 886 shares of the e-commerce giant’s stock valued at $1,506,000 after purchasing an additional 87 shares during the period. Mission Wealth Management LP boosted its holdings in shares of Amazon.com by 52.9% in the second quarter. Mission Wealth Management LP now owns 3,208 shares of the e-commerce giant’s stock valued at $5,453,000 after acquiring an additional 1,110 shares in the last quarter. Manchester Capital Management LLC boosted its holdings in shares of Amazon.com by 6.4% in the second quarter. Manchester Capital Management LLC now owns 1,111 shares of the e-commerce giant’s stock valued at $1,888,000 after acquiring an additional 67 shares in the last quarter. Segall Bryant & Hamill LLC boosted its holdings in shares of Amazon.com by 5.1% in the second quarter. Segall Bryant & Hamill LLC now owns 78,601 shares of the e-commerce giant’s stock valued at $133,606,000 after acquiring an additional 3,789 shares in the last quarter. Finally, Jackson Wealth Management LLC purchased a new stake in shares of Amazon.com in the second quarter valued at about $25,578,000. Hedge funds and other institutional investors own 56.03% of the company’s stock.
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 third-party sellers through physical stores and online stores.
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