Amazon.com, Inc. (NASDAQ:AMZN - Free Report ) - Equities researchers at Telsey Advisory Group boosted their Q3 2024 EPS estimates for shares of Amazon.com in a research note issued to investors on Wednesday, May 1st. Telsey Advisory Group analyst J. Feldman now forecasts that the e-commerce giant will post earnings of $1.15 per share for the quarter, up from their prior forecast of $0.97. Telsey Advisory Group currently has a "Outperform" rating and a $215.00 price target on the stock. The consensus estimate for Amazon.com's current full-year earnings is $4.08 per share. Telsey Advisory Group also issued estimates for Amazon.com's Q4 2024 earnings at $1.34 EPS and FY2025 earnings at $5.73 EPS.
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Other equities analysts have also issued research reports about the stock. Susquehanna increased their price target on shares of Amazon.com from $185.00 to $220.00 and gave the company a "positive" rating in a research report on Friday, February 2nd. Canaccord Genuity Group lifted their price target on shares of Amazon.com from $185.00 to $200.00 and gave the stock a "buy" rating in a report on Friday, February 2nd. Barclays increased their price objective on Amazon.com from $220.00 to $230.00 and gave the company an "overweight" rating in a report on Wednesday. Maxim Group lowered their target price on Amazon.com from $318.00 to $238.00 and set a "buy" rating on the stock in a research note on Wednesday. Finally, UBS Group increased their price target on Amazon.com from $215.00 to $217.00 and gave the stock a "buy" rating in a research note on Wednesday. One investment analyst has rated the stock with a hold rating, forty-four have issued a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat.com, Amazon.com has a consensus rating of "Buy" and an average target price of $211.07.
Read Our Latest Stock Report on AMZN
Amazon.com Stock Up 3.2 % NASDAQ:AMZN traded up $5.72 on Thursday, hitting $184.72. The stock had a trading volume of 54,236,734 shares, compared to its average volume of 44,318,520. Amazon.com has a 1 year low of $103.28 and a 1 year high of $189.77. The firm's fifty day simple moving average is $178.79 and its two-hundred day simple moving average is $159.95. The company has a debt-to-equity ratio of 0.29, a quick ratio of 0.84 and a current ratio of 1.05. The stock has a market cap of $1.92 trillion, a P/E ratio of 51.74, a price-to-earnings-growth ratio of 1.53 and a beta of 1.15.
Amazon.com (NASDAQ:AMZN - Get Free Report ) last posted its earnings results on Tuesday, April 30th. The e-commerce giant reported $0.98 earnings per share for the quarter, topping analysts' consensus estimates of $0.83 by $0.15. The company had revenue of $143.31 billion for the quarter, compared to analyst estimates of $142.65 billion. Amazon.com had a net margin of 6.38% and a return on equity of 20.73%. The firm's revenue was up 12.5% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.31 EPS.
Institutional Inflows and Outflows Hedge funds and other institutional investors have recently made changes to their positions in the company. Paradigm Strategies in Wealth Management LLC lifted its stake in shares of Amazon.com by 19.9% in the 1st quarter. Paradigm Strategies in Wealth Management LLC now owns 3,173 shares of the e-commerce giant's stock valued at $572,000 after purchasing an additional 527 shares during the period. Smart Money Group LLC lifted its position in Amazon.com by 28.6% during the first quarter. Smart Money Group LLC now owns 5,754 shares of the e-commerce giant's stock valued at $1,007,000 after buying an additional 1,279 shares during the period. Salomon & Ludwin LLC boosted its holdings in shares of Amazon.com by 5.8% during the 1st quarter. Salomon & Ludwin LLC now owns 16,563 shares of the e-commerce giant's stock valued at $2,988,000 after buying an additional 901 shares in the last quarter. RiverFront Investment Group LLC boosted its holdings in shares of Amazon.com by 21.5% during the 1st quarter. RiverFront Investment Group LLC now owns 142,284 shares of the e-commerce giant's stock valued at $25,664,000 after buying an additional 25,150 shares in the last quarter. Finally, Pegasus Asset Management Inc. increased its stake in shares of Amazon.com by 0.4% in the 1st quarter. Pegasus Asset Management Inc. now owns 35,970 shares of the e-commerce giant's stock worth $6,488,000 after acquiring an additional 161 shares in the last quarter. Hedge funds and other institutional investors own 72.20% of the company's stock.
Insider Transactions at Amazon.com In other news, CEO Adam Selipsky sold 500 shares of Amazon.com stock in a transaction that occurred on Thursday, April 18th. The stock was sold at an average price of $181.38, for a total value of $90,690.00. Following the sale, the chief executive officer now directly owns 130,600 shares in the company, valued at approximately $23,688,228. The sale was disclosed in a filing with the SEC, which is available through this link . In other Amazon.com news, CEO Adam Selipsky sold 500 shares of the company's stock in a transaction on Thursday, April 18th. The shares were sold at an average price of $181.38, for a total value of $90,690.00. Following the completion of the transaction, the chief executive officer now directly owns 130,600 shares in the company, valued at approximately $23,688,228. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website . Also, insider Jeffrey P. Bezos sold 5,998,849 shares of Amazon.com stock in a transaction dated Wednesday, February 7th. The shares were sold at an average price of $170.16, for a total transaction of $1,020,764,145.84. Following the sale, the insider now directly owns 982,252,968 shares in the company, valued at approximately $167,140,165,034.88. The disclosure for this sale can be found here . Over the last ninety days, insiders sold 32,213,510 shares of company stock worth $5,505,811,286. Company insiders own 10.80% of the company's stock.
About Amazon.com (
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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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