KeyCorp Comments on Amazon.com, Inc.’s Q1 2018 Earnings (AMZN)

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.

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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.

About Amazon.com

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.

Earnings History and Estimates for Amazon.com (NASDAQ:AMZN)

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