William Blair Expects Increased Earnings for Amazon.com

Amazon.com, Inc. (NASDAQ:AMZN) – Equities research analysts at William Blair raised their FY2024 earnings per share estimates for Amazon.com in a report issued on Thursday, October 31st. William Blair analyst D. Carden now expects that the e-commerce giant will post earnings per share of $5.20 for the year, up from their previous estimate of $4.79. The consensus estimate for Amazon.com’s current full-year earnings is $4.98 per share. William Blair also issued estimates for Amazon.com’s Q1 2025 earnings at $1.38 EPS, Q2 2025 earnings at $1.37 EPS, Q3 2025 earnings at $1.55 EPS and Q4 2025 earnings at $1.65 EPS.

Amazon.com (NASDAQ:AMZN) last released its quarterly earnings data on Thursday, October 31st. The e-commerce giant reported $1.43 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.14 by $0.29. The company had revenue of $158.88 billion during the quarter, compared to analysts’ expectations of $157.28 billion. Amazon.com had a net margin of 8.04% and a return on equity of 22.41%. The firm’s quarterly revenue was up 11.0% on a year-over-year basis. During the same period in the previous year, the company earned $0.85 EPS.

Several other equities analysts have also commented on the company. Piper Sandler raised their price target on Amazon.com from $215.00 to $225.00 and gave the company an “overweight” rating in a research note on Friday, November 1st. Susquehanna increased their price objective on shares of Amazon.com from $220.00 to $230.00 and gave the company a “positive” rating in a research note on Friday, November 1st. Monness Crespi & Hardt boosted their price objective on shares of Amazon.com from $225.00 to $245.00 and gave the stock a “buy” rating in a research note on Friday, November 1st. Maxim Group boosted their price target on Amazon.com from $251.00 to $260.00 and gave the stock a “buy” rating in a research report on Friday, November 1st. Finally, Wells Fargo & Company downgraded Amazon.com from an “overweight” rating to an “equal weight” rating and dropped their price objective for the company from $225.00 to $183.00 in a research report on Monday, October 7th. Two equities research analysts have rated the stock with a hold rating, forty have issued a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $246.48.

Amazon.com Stock Up 1.9 %

Shares of NASDAQ:AMZN opened at $199.50 on Monday. The business’s 50 day moving average is $185.75 and its 200 day moving average is $184.07. The stock has a market cap of $2.09 trillion, a P/E ratio of 42.72, a price-to-earnings-growth ratio of 1.46 and a beta of 1.14. Amazon.com has a 52-week low of $138.36 and a 52-week high of $201.20. The company has a quick ratio of 0.87, a current ratio of 1.09 and a debt-to-equity ratio of 0.21.

Hedge Funds Weigh In On Amazon.com

A number of large investors have recently made changes to their positions in AMZN. Phillips Wealth Planners LLC boosted its position in shares of Amazon.com by 9.2% in the 1st quarter. Phillips Wealth Planners LLC now owns 2,655 shares of the e-commerce giant’s stock worth $487,000 after buying an additional 224 shares in the last quarter. Northwestern Mutual Wealth Management Co. lifted its stake in Amazon.com by 0.5% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 2,847,177 shares of the e-commerce giant’s stock valued at $550,217,000 after buying an additional 14,766 shares in the last quarter. GAMMA Investing LLC grew its holdings in Amazon.com by 19.2% during the 3rd quarter. GAMMA Investing LLC now owns 119,205 shares of the e-commerce giant’s stock valued at $22,211,000 after buying an additional 19,231 shares during the last quarter. Stonekeep Investments LLC purchased a new position in Amazon.com during the second quarter worth $2,588,000. Finally, Healthcare of Ontario Pension Plan Trust Fund lifted its position in shares of Amazon.com by 164.1% in the second quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 1,053,958 shares of the e-commerce giant’s stock valued at $203,677,000 after acquiring an additional 654,908 shares in the last quarter. Hedge funds and other institutional investors own 72.20% of the company’s stock.

Insiders Place Their Bets

In other Amazon.com news, CEO Andrew R. Jassy sold 20,784 shares of the firm’s stock in a transaction on Wednesday, August 21st. The shares were sold at an average price of $180.77, for a total transaction of $3,757,123.68. Following the transaction, the chief executive officer now directly owns 2,056,534 shares of the company’s stock, valued at approximately $371,759,651.18. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. In other news, CEO Andrew R. Jassy sold 20,784 shares of Amazon.com stock in a transaction dated Wednesday, August 21st. The shares were sold at an average price of $180.77, for a total value of $3,757,123.68. Following the sale, the chief executive officer now owns 2,056,534 shares of the company’s stock, valued at $371,759,651.18. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO Brian T. Olsavsky sold 14,600 shares of the stock in a transaction dated Wednesday, August 21st. The stock was sold at an average price of $180.00, for a total transaction of $2,628,000.00. Following the transaction, the chief financial officer now directly owns 49,000 shares of the company’s stock, valued at $8,820,000. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 55,859 shares of company stock valued at $10,215,097. 10.80% of the stock is currently owned by insiders.

Amazon.com Company Profile

Amazon.com, Inc engages in the retail sale of consumer products, advertising, and subscriptions service through online and physical stores in North America and internationally. The company operates through three segments: North America, International, and Amazon Web Services (AWS). It also manufactures and sells electronic devices, including Kindle, Fire tablets, Fire TVs, Echo, Ring, Blink, and eero; and develops and produces media content.