Roth Capital Weighs in on Amazon.com, Inc.'s FY2024 Earnings (NASDAQ:AMZN)

Amazon.com, Inc. (NASDAQ:AMZN - Free Report) - Investment analysts at Roth Capital raised their FY2024 earnings estimates for Amazon.com in a research note issued to investors on Wednesday, May 1st. Roth Capital analyst R. Kulkarni now expects that the e-commerce giant will post earnings per share of $4.63 for the year, up from their prior estimate of $3.93. The consensus estimate for Amazon.com's current full-year earnings is $4.12 per share. Roth Capital also issued estimates for Amazon.com's FY2025 earnings at $5.49 EPS.

Amazon.com (NASDAQ:AMZN - Get Free Report) last released its earnings results on Tuesday, April 30th. The e-commerce giant reported $0.98 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.83 by $0.15. The company had revenue of $143.31 billion during the quarter, compared to analyst estimates of $142.65 billion. Amazon.com had a return on equity of 19.86% and a net margin of 6.38%. The company's revenue for the quarter was up 12.5% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.31 earnings per share.

Other analysts also recently issued reports about the stock. Needham & Company LLC reaffirmed a "buy" rating and set a $205.00 price objective on shares of Amazon.com in a report on Wednesday. DA Davidson reissued a "buy" rating and issued a $235.00 target price on shares of Amazon.com in a report on Thursday, April 18th. UBS Group lifted their price objective on Amazon.com from $215.00 to $217.00 and gave the company a "buy" rating in a report on Wednesday. Stifel Nicolaus upped their target price on shares of Amazon.com from $224.00 to $228.00 and gave the stock a "buy" rating in a report on Wednesday. Finally, Benchmark reissued a "buy" rating and set a $200.00 price target on shares of Amazon.com in a report on Wednesday. One analyst has rated the stock with a hold rating, forty-four have assigned a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat, the company currently has an average rating of "Buy" and an average price target of $211.07.

Amazon.com Stock Up 0.8 %

Shares of NASDAQ AMZN traded up $1.49 during mid-day trading on Friday, reaching $186.21. 39,100,673 shares of the company traded hands, compared to its average volume of 44,260,461. The company's fifty day moving average is $178.79 and its two-hundred day moving average is $159.95. Amazon.com has a fifty-two week low of $103.31 and a fifty-two week high of $189.77. The company has a debt-to-equity ratio of 0.27, a quick ratio of 0.84 and a current ratio of 1.07. The stock has a market cap of $1.93 trillion, a PE ratio of 52.16, a price-to-earnings-growth ratio of 1.55 and a beta of 1.15.

Insider Buying and Selling

In other Amazon.com news, insider Jeffrey P. Bezos sold 2,009,208 shares of the business's stock in a transaction that occurred on Tuesday, February 20th. The stock was sold at an average price of $166.79, for a total transaction of $335,115,802.32. Following the completion of the transaction, the insider now owns 938,251,817 shares in the company, valued at $156,491,020,557.43. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In other Amazon.com news, insider Jeffrey P. Bezos sold 5,998,849 shares of the business's stock in a transaction dated Wednesday, February 7th. The shares were sold at an average price of $170.16, for a total value of $1,020,764,145.84. Following the transaction, the insider now directly owns 982,252,968 shares in the company, valued at approximately $167,140,165,034.88. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Jeffrey P. Bezos sold 2,009,208 shares of Amazon.com stock in a transaction that occurred on Tuesday, February 20th. The shares were sold at an average price of $166.79, for a total transaction of $335,115,802.32. Following the sale, the insider now directly owns 938,251,817 shares in the company, valued at approximately $156,491,020,557.43. The disclosure for this sale can be found here. Over the last quarter, insiders sold 32,217,010 shares of company stock worth $5,506,442,301. 10.80% of the stock is owned by insiders.

Institutional Investors Weigh In On Amazon.com

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Cooksen Wealth LLC acquired a new stake in Amazon.com during the 4th quarter worth approximately $30,000. PayPay Securities Corp boosted its holdings in Amazon.com by 54.3% in the third quarter. PayPay Securities Corp now owns 267 shares of the e-commerce giant's stock valued at $34,000 after purchasing an additional 94 shares during the period. E Fund Management Hong Kong Co. Ltd. grew its stake in Amazon.com by 45.0% during the 4th quarter. E Fund Management Hong Kong Co. Ltd. now owns 277 shares of the e-commerce giant's stock worth $42,000 after purchasing an additional 86 shares in the last quarter. Strid Group LLC acquired a new stake in Amazon.com in the 4th quarter valued at about $43,000. Finally, Clarity Asset Management Inc. purchased a new stake in shares of Amazon.com during the fourth quarter worth about $46,000. Institutional investors and hedge funds own 72.20% of the company's stock.

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.