FY2017 EPS Estimates for Amazon.com, Inc. (AMZN) Increased by Analyst
Amazon.com, Inc. (NASDAQ:AMZN) – Stock analysts at Wedbush raised their FY2017 earnings per share (EPS) estimates for Amazon.com in a research note issued to investors on Friday. Wedbush analyst M. Pachter now anticipates that the e-commerce giant will post earnings of $4.60 per share for the year, up from their prior estimate of $4.31. Wedbush currently has a “Buy” rating and a $1,250.00 price target on the stock. Wedbush also issued estimates for Amazon.com’s Q4 2017 earnings at $2.20 EPS, Q1 2018 earnings at $1.22 EPS and Q2 2018 earnings at $1.21 EPS.
A number of other analysts also recently commented on AMZN. Jefferies Group LLC restated a “buy” rating and set a $70.67 price target (down from $1,350.00) on shares of Amazon.com in a research report on Friday. Needham & Company LLC restated a “buy” rating and set a $1,250.00 price target (up from $1,150.00) on shares of Amazon.com in a research report on Friday. Royal Bank Of Canada restated a “buy” rating and set a $1,200.00 price target (up from $1,100.00) on shares of Amazon.com in a research report on Friday. J P Morgan Chase & Co restated a “buy” rating on shares of Amazon.com in a research report on Tuesday, October 24th. Finally, Cantor Fitzgerald restated a “buy” rating on shares of Amazon.com in a research report on Monday. Five research analysts have rated the stock with a hold rating and fifty have issued a buy rating to the company. Amazon.com presently has an average rating of “Buy” and an average target price of $1,135.75.
Amazon.com (NASDAQ:AMZN) opened at 1110.85 on Monday. Amazon.com has a 12 month low of $710.10 and a 12 month high of $1,122.79. The firm has a market capitalization of $533.63 billion, a price-to-earnings ratio of 282.52 and a beta of 1.47. The firm’s 50-day moving average is $984.27 and its 200 day moving average is $976.98.
Amazon.com (NASDAQ:AMZN) last issued its earnings results on Thursday, October 26th. The e-commerce giant reported $0.52 earnings per share for the quarter, missing the consensus estimate of $1.09 by ($0.57). Amazon.com had a return on equity of 8.67% and a net margin of 1.20%. The company had revenue of $43.74 billion for the quarter, compared to analyst estimates of $42.26 billion. During the same quarter in the previous year, the company posted $0.52 earnings per share. The company’s quarterly revenue was up 33.7% compared to the same quarter last year.
Large investors have recently made changes to their positions in the stock. Vestor Capital LLC raised its position in shares of Amazon.com by 10.1% in the 2nd quarter. Vestor Capital LLC now owns 109 shares of the e-commerce giant’s stock valued at $106,000 after acquiring an additional 10 shares during the period. Clear Investment Research LLC raised its position in shares of Amazon.com by 73,100.0% in the 2nd quarter. Clear Investment Research LLC now owns 732 shares of the e-commerce giant’s stock valued at $107,000 after acquiring an additional 731 shares during the period. WealthTrust Arizona LLC raised its position in shares of Amazon.com by 2.7% in the 2nd quarter. WealthTrust Arizona LLC now owns 114 shares of the e-commerce giant’s stock valued at $110,000 after acquiring an additional 3 shares during the period. LeJeune Puetz Investment Counsel LLC acquired a new stake in shares of Amazon.com in the 2nd quarter valued at approximately $116,000. Finally, Mountain Capital Investment Advisors Inc acquired a new stake in shares of Amazon.com in the 2nd quarter valued at approximately $121,000. Institutional investors and hedge funds own 60.77% of the company’s stock.
In related news, CEO Jeffrey A. Wilke sold 2,800 shares of the stock in a transaction that occurred on Tuesday, August 22nd. The shares were sold at an average price of $955.20, for a total value of $2,674,560.00. Following the sale, the chief executive officer now directly owns 10,000 shares in the company, valued at approximately $9,552,000. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Andrew R. Jassy sold 1,985 shares of the stock in a transaction that occurred on Tuesday, August 15th. The shares were sold at an average price of $986.12, for a total transaction of $1,957,448.20. Following the completion of the sale, the chief executive officer now owns 81,479 shares in the company, valued at $80,348,071.48. The disclosure for this sale can be found here. Insiders sold a total of 9,083 shares of company stock worth $8,874,850 over the last quarter. 17.70% of the stock is currently owned by corporate insiders.
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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