Amazon.com, Inc. (NASDAQ:AMZN) – Research analysts at KeyCorp lowered their Q1 2018 earnings per share (EPS) estimates for shares of Amazon.com in a note issued to investors on Thursday. KeyCorp analyst E. Yruma now forecasts that the e-commerce giant will post earnings per share of $2.13 for the quarter, down from their prior forecast of $2.35. KeyCorp has a “Hold” rating on the stock. KeyCorp also issued estimates for Amazon.com’s Q4 2018 earnings at $4.87 EPS.
AMZN has been the topic of several other research reports. Stifel Nicolaus reaffirmed a “buy” rating and set a $1,100.00 price objective on shares of Amazon.com in a report on Tuesday, October 24th. Vetr cut shares of Amazon.com from a “strong-buy” rating to a “buy” rating and set a $1,132.46 target price for the company. in a research report on Tuesday, July 18th. Loop Capital set a $1,200.00 target price on shares of Amazon.com and gave the company a “buy” rating in a research report on Friday, October 20th. Royal Bank Of Canada set a $1,100.00 target price on shares of Amazon.com and gave the company a “buy” rating in a research report on Monday, September 11th. Finally, Needham & Company LLC reiterated a “buy” rating and set a $1,250.00 target price (up previously from $1,150.00) on shares of Amazon.com in a research report on Friday, October 27th. Five investment analysts have rated the stock with a hold rating and fifty have assigned a buy rating to the company’s stock. Amazon.com presently has a consensus rating of “Buy” and a consensus target price of $1,138.06.
COPYRIGHT VIOLATION NOTICE: “KeyCorp Comments on Amazon.com, Inc.’s Q1 2018 Earnings (AMZN)” was published by Sports Perspectives and is the property of of Sports Perspectives. If you are reading this story on another site, it was stolen and republished in violation of United States and international copyright and trademark legislation. The legal version of this story can be viewed at https://sportsperspectives.com/2017/11/01/keycorp-comments-on-amazon-com-inc-s-q1-2018-earnings-amzn.html.
Shares of Amazon.com (NASDAQ:AMZN) traded down 0.7560% during trading on Monday, hitting $1096.9246. The company had a trading volume of 3,081,790 shares. The stock has a market cap of $526.94 billion, a PE ratio of 278.9737 and a beta of 1.47. Amazon.com has a 12-month low of $710.10 and a 12-month high of $1,122.79. The firm has a 50 day moving average of $987.81 and a 200 day moving average of $977.91.
Amazon.com (NASDAQ:AMZN) last issued its quarterly earnings results on Thursday, October 26th. The e-commerce giant reported $0.52 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.09 by ($0.57). The firm had revenue of $43.74 billion for the quarter, compared to analyst estimates of $42.26 billion. Amazon.com had a net margin of 1.20% and a return on equity of 8.67%. The firm’s revenue for the quarter was up 33.7% compared to the same quarter last year. During the same quarter last year, the business posted $0.52 earnings per share.
In other Amazon.com news, VP Shelley Reynolds sold 544 shares of Amazon.com stock in a transaction on Tuesday, August 15th. The shares were sold at an average price of $986.52, for a total value of $536,666.88. Following the completion of the sale, the vice president now directly owns 6,533 shares of the company’s stock, valued at $6,444,935.16. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, CEO Jeffrey A. Wilke sold 710 shares of Amazon.com stock in a transaction on Wednesday, August 16th. The shares were sold at an average price of $981.74, for a total transaction of $697,035.40. Following the completion of the sale, the chief executive officer now directly owns 15,312 shares of the company’s stock, valued at $15,032,402.88. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 9,083 shares of company stock valued at $8,874,850. Insiders own 17.70% of the company’s stock.
A number of institutional investors and hedge funds have recently bought and sold shares of AMZN. Harbour Capital Advisors LLC increased its stake in Amazon.com by 100,947.5% in the second quarter. Harbour Capital Advisors LLC now owns 2,302,872 shares of the e-commerce giant’s stock valued at $2,379,000 after purchasing an additional 2,300,593 shares in the last quarter. Janus Henderson Group PLC increased its stake in Amazon.com by 1,045.8% in the second quarter. Janus Henderson Group PLC now owns 1,775,556 shares of the e-commerce giant’s stock valued at $1,718,711,000 after purchasing an additional 1,620,588 shares in the last quarter. Vanguard Group Inc. increased its stake in Amazon.com by 2.9% in the second quarter. Vanguard Group Inc. now owns 26,863,386 shares of the e-commerce giant’s stock valued at $26,003,758,000 after purchasing an additional 764,115 shares in the last quarter. BlackRock Inc. increased its stake in Amazon.com by 2.4% in the second quarter. BlackRock Inc. now owns 23,925,821 shares of the e-commerce giant’s stock valued at $23,160,193,000 after purchasing an additional 554,990 shares in the last quarter. Finally, Arrowstreet Capital Limited Partnership increased its stake in Amazon.com by 125.1% in the second quarter. Arrowstreet Capital Limited Partnership now owns 822,827 shares of the e-commerce giant’s stock valued at $796,497,000 after purchasing an additional 457,300 shares in the last quarter. 60.77% of the stock is owned by hedge funds and other institutional investors.
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 Company’s products include merchandise and content that it purchases for resale from vendors and those offered by third-party sellers.
Receive News & Ratings for Amazon.com Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Amazon.com Inc. and related companies with MarketBeat.com's FREE daily email newsletter.