Amazon.com, Inc. (NASDAQ:AMZN) – Cantor Fitzgerald cut their FY2018 earnings estimates for Amazon.com in a research report issued on Monday. Cantor Fitzgerald analyst K. Paulson now forecasts that the e-commerce giant will post earnings of $5.89 per share for the year, down from their prior forecast of $7.95. Cantor Fitzgerald has a “Buy” rating on the stock.

Several other research analysts have also weighed in on the stock. Leerink Swann reissued a “buy” rating on shares of Amazon.com in a report on Monday. Zacks Investment Research raised shares of Amazon.com from a “sell” rating to a “hold” rating and set a $1,244.00 price objective for the company in a report on Monday. Stifel Nicolaus reissued a “buy” rating on shares of Amazon.com in a report on Monday. Vetr lowered shares of Amazon.com from a “buy” rating to a “hold” rating and set a $1,079.96 price objective for the company. in a report on Monday. Finally, Wells Fargo & Company raised their price objective on shares of Amazon.com from $1,400.00 to $1,430.00 and gave the stock an “outperform” rating in a report on Friday, October 27th. Five research analysts have rated the stock with a hold rating and fifty have assigned a buy rating to the stock. Amazon.com has a consensus rating of “Buy” and an average target price of $1,138.06.

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Amazon.com (NASDAQ:AMZN) last announced its quarterly earnings results on Thursday, October 26th. The e-commerce giant reported $0.52 earnings per share for the quarter, missing analysts’ consensus estimates of $1.09 by ($0.57). Amazon.com had a net margin of 1.20% and a return on equity of 8.67%. The company had revenue of $43.74 billion during the quarter, compared to analysts’ expectations of $42.26 billion. During the same period last year, the firm earned $0.52 earnings per share. Amazon.com’s revenue was up 33.7% on a year-over-year basis.

A number of hedge funds and other institutional investors have recently modified their holdings of AMZN. Harbour Capital Advisors LLC lifted its position in Amazon.com by 100,947.5% during the 2nd quarter. Harbour Capital Advisors LLC now owns 2,302,872 shares of the e-commerce giant’s stock worth $2,379,000 after buying an additional 2,300,593 shares in the last quarter. Janus Henderson Group PLC lifted its position in Amazon.com by 1,045.8% during the 2nd quarter. Janus Henderson Group PLC now owns 1,775,556 shares of the e-commerce giant’s stock worth $1,718,711,000 after buying an additional 1,620,588 shares in the last quarter. Vanguard Group Inc. lifted its position in Amazon.com by 2.9% during the 2nd quarter. Vanguard Group Inc. now owns 26,863,386 shares of the e-commerce giant’s stock worth $26,003,758,000 after buying an additional 764,115 shares in the last quarter. BlackRock Inc. lifted its position in Amazon.com by 2.4% during the 2nd quarter. BlackRock Inc. now owns 23,925,821 shares of the e-commerce giant’s stock worth $23,160,193,000 after buying an additional 554,990 shares in the last quarter. Finally, Arrowstreet Capital Limited Partnership lifted its position in Amazon.com by 125.1% during the 2nd quarter. Arrowstreet Capital Limited Partnership now owns 822,827 shares of the e-commerce giant’s stock worth $796,497,000 after buying an additional 457,300 shares in the last quarter. Institutional investors and hedge funds own 60.77% of the company’s stock.

In related news, CEO Jeffrey A. Wilke sold 710 shares of the company’s stock in a transaction dated Friday, August 4th. The shares were sold at an average price of $987.39, for a total transaction of $701,046.90. Following the transaction, the chief executive officer now owns 10,000 shares in the company, valued at approximately $9,873,900. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, VP Shelley Reynolds sold 544 shares of the company’s stock in a transaction dated Tuesday, August 15th. The stock was sold at an average price of $986.52, for a total transaction of $536,666.88. Following the transaction, the vice president now owns 6,533 shares in the company, valued at approximately $6,444,935.16. The disclosure for this sale can be found here. Insiders sold a total of 9,083 shares of company stock worth $8,874,850 in the last 90 days. 17.70% of the stock is owned by corporate insiders.

About Amazon.com

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.

Earnings History and Estimates for Amazon.com (NASDAQ:AMZN)

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