Equities Analysts Offer Predictions for Amazon.com, Inc.’s Q2 2018 Earnings (AMZN)
Amazon.com, Inc. (NASDAQ:AMZN) – Analysts at KeyCorp issued their Q2 2018 earnings estimates for shares of Amazon.com in a research report issued on Monday. KeyCorp analyst E. Yruma expects that the e-commerce giant will post earnings of $1.45 per share for the quarter. KeyCorp has a “Hold” rating on the stock. KeyCorp also issued estimates for Amazon.com’s Q3 2018 earnings at $1.19 EPS.
Other equities research analysts have also recently issued research reports about the company. UBS AG reaffirmed a “buy” rating and set a $1,100.00 price target on shares of Amazon.com in a report on Wednesday, June 21st. TheStreet cut Amazon.com from a “b-” rating to a “c+” rating in a report on Monday, July 10th. Tigress Financial reissued a “buy” rating on shares of Amazon.com in a report on Wednesday, August 9th. Goldman Sachs Group, Inc. (The) reissued a “buy” rating and set a $1,275.00 target price on shares of Amazon.com in a report on Friday, July 28th. Finally, Cowen and Company boosted their target price on Amazon.com from $1,100.00 to $1,125.00 and gave the stock an “outperform” rating in a report on Thursday, May 25th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating, forty-five have issued a buy rating and two have issued a strong buy rating to the stock. Amazon.com presently has a consensus rating of “Buy” and an average target price of $1,080.08.
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Shares of Amazon.com (AMZN) opened at 954.06 on Wednesday. The stock has a market capitalization of $458.31 billion, a PE ratio of 242.64 and a beta of 1.48. The firm has a 50-day moving average price of $993.73 and a 200-day moving average price of $935.81. Amazon.com has a 1-year low of $710.10 and a 1-year high of $1,083.31.
Amazon.com (NASDAQ:AMZN) last released its quarterly earnings results on Thursday, July 27th. The e-commerce giant reported $0.40 EPS for the quarter, missing analysts’ consensus estimates of $1.40 by $1.00. Amazon.com had a net margin of 1.28% and a return on equity of 9.38%. The business had revenue of $37.96 billion during the quarter, compared to analysts’ expectations of $37.18 billion. During the same quarter last year, the business posted $1.78 earnings per share. The company’s quarterly revenue was up 24.8% compared to the same quarter last year.
A number of large investors have recently bought and sold shares of the company. Osborn Williams & Donohoe LLC raised its stake in Amazon.com by 1.1% in the second quarter. Osborn Williams & Donohoe LLC now owns 915 shares of the e-commerce giant’s stock valued at $886,000 after buying an additional 10 shares during the period. Reinhart Partners Inc. raised its stake in Amazon.com by 66.8% in the first quarter. Reinhart Partners Inc. now owns 789 shares of the e-commerce giant’s stock valued at $699,000 after buying an additional 316 shares during the period. Hengehold Capital Management LLC raised its stake in Amazon.com by 3.5% in the first quarter. Hengehold Capital Management LLC now owns 384 shares of the e-commerce giant’s stock valued at $340,000 after buying an additional 13 shares during the period. Boston Advisors LLC raised its stake in Amazon.com by 11.8% in the first quarter. Boston Advisors LLC now owns 95,063 shares of the e-commerce giant’s stock valued at $84,277,000 after buying an additional 10,014 shares during the period. Finally, CAPROCK Group Inc. raised its stake in Amazon.com by 9.2% in the first quarter. CAPROCK Group Inc. now owns 3,529 shares of the e-commerce giant’s stock valued at $3,129,000 after buying an additional 298 shares during the period. Institutional investors own 60.79% of the company’s stock.
In other Amazon.com news, CEO Jeffrey A. Wilke sold 2,000 shares of the stock in a transaction on Monday, June 5th. The shares were sold at an average price of $1,011.06, for a total value of $2,022,120.00. Following the sale, the chief executive officer now directly owns 10,000 shares in the company, valued at $10,110,600. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CEO Jeffrey A. Wilke sold 710 shares of the stock in a transaction on Wednesday, June 28th. The stock was sold at an average price of $985.25, for a total transaction of $699,527.50. Following the completion of the sale, the chief executive officer now owns 10,000 shares in the company, valued at $9,852,500. The disclosure for this sale can be found here. Insiders sold 14,463 shares of company stock worth $14,294,906 over the last 90 days. 17.70% of the stock is currently owned by company insiders.
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 North America segment consists of retail sales of consumer products (including from sellers) and subscriptions through North America-focused Websites, such as www.amazon.com, www.amazon.ca and www.amazon.com.mx.
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