Amazon.com, Inc. (NASDAQ:AMZN – Free Report) – Research analysts at Wedbush decreased their FY2024 earnings per share estimates for shares of Amazon.com in a research report issued on Monday, January 27th. Wedbush analyst S. Devitt now expects that the e-commerce giant will earn $5.40 per share for the year, down from their previous estimate of $6.80. Wedbush has a “Outperform” rating and a $280.00 price objective on the stock. The consensus estimate for Amazon.com’s current full-year earnings is $5.39 per share. Wedbush also issued estimates for Amazon.com’s Q4 2024 earnings at $1.62 EPS, Q1 2025 earnings at $1.49 EPS, Q2 2025 earnings at $1.52 EPS, Q3 2025 earnings at $1.68 EPS, Q4 2025 earnings at $2.01 EPS, FY2025 earnings at $6.71 EPS and FY2026 earnings at $7.96 EPS.
AMZN has been the subject of a number of other reports. Wells Fargo & Company boosted their price target on shares of Amazon.com from $197.00 to $212.00 and gave the stock an “equal weight” rating in a research note on Tuesday, January 14th. TD Cowen upped their target price on shares of Amazon.com from $240.00 to $265.00 and gave the company a “buy” rating in a research report on Thursday, December 12th. Jefferies Financial Group raised their price target on Amazon.com from $235.00 to $275.00 and gave the stock a “buy” rating in a research report on Monday, December 16th. Scotiabank upped their price objective on Amazon.com from $246.00 to $306.00 and gave the company a “sector outperform” rating in a report on Friday, January 24th. Finally, Morgan Stanley raised their target price on Amazon.com from $230.00 to $280.00 and gave the stock an “overweight” rating in a report on Monday, January 13th. Two research analysts have rated the stock with a hold rating, forty-two have given a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, Amazon.com currently has an average rating of “Moderate Buy” and an average target price of $249.46.
Amazon.com Stock Performance
Shares of NASDAQ:AMZN opened at $234.64 on Wednesday. The stock has a market capitalization of $2.47 trillion, a P/E ratio of 50.24, a P/E/G ratio of 1.31 and a beta of 1.14. The company has a current ratio of 1.09, a quick ratio of 0.87 and a debt-to-equity ratio of 0.21. Amazon.com has a 1-year low of $151.61 and a 1-year high of $241.77. The business has a 50-day moving average price of $222.30 and a two-hundred day moving average price of $198.30.
Amazon.com (NASDAQ:AMZN – Get Free Report) last posted its quarterly earnings results 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 business had revenue of $158.88 billion for the quarter, compared to analysts’ expectations of $157.28 billion. Amazon.com had a return on equity of 22.41% and a net margin of 8.04%. The firm’s quarterly revenue was up 11.0% compared to the same quarter last year. During the same quarter last year, the business earned $0.85 earnings per share.
Insiders Place Their Bets
In other news, Director Jonathan Rubinstein sold 4,351 shares of the business’s stock in a transaction dated Monday, December 9th. The shares were sold at an average price of $229.85, for a total transaction of $1,000,077.35. Following the transaction, the director now directly owns 88,203 shares in the company, valued at $20,273,459.55. The trade was a 4.70 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Daniel P. Huttenlocher sold 1,237 shares of the company’s stock in a transaction dated Tuesday, November 19th. The shares were sold at an average price of $199.06, for a total transaction of $246,237.22. Following the completion of the sale, the director now directly owns 24,912 shares in the company, valued at approximately $4,958,982.72. The trade was a 4.73 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 6,027,340 shares of company stock valued at $1,252,456,773 in the last 90 days. 10.80% of the stock is currently owned by insiders.
Institutional Inflows and Outflows
A number of institutional investors have recently made changes to their positions in AMZN. Accordant Advisory Group Inc increased its holdings in shares of Amazon.com by 400.0% in the fourth quarter. Accordant Advisory Group Inc now owns 125 shares of the e-commerce giant’s stock valued at $27,000 after purchasing an additional 100 shares during the last quarter. Icon Wealth Advisors LLC grew its stake in Amazon.com by 20.5% in the 3rd quarter. Icon Wealth Advisors LLC now owns 150,661 shares of the e-commerce giant’s stock valued at $28,000 after buying an additional 25,581 shares during the last quarter. Hoese & Co LLP bought a new position in Amazon.com in the 3rd quarter valued at about $37,000. Bull Oak Capital LLC acquired a new stake in Amazon.com during the third quarter worth approximately $45,000. Finally, Quattro Financial Advisors LLC boosted its holdings in shares of Amazon.com by 23.8% during the fourth quarter. Quattro Financial Advisors LLC now owns 234 shares of the e-commerce giant’s stock worth $51,000 after acquiring an additional 45 shares during the period. 72.20% of the stock is owned by institutional investors and hedge funds.
About Amazon.com
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.
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