Oppenheimer Weighs in on Amazon.com, Inc.’s Q1 2018 Earnings (AMZN)

Amazon.com, Inc. (NASDAQ:AMZN) – Investment analysts at Oppenheimer upped their Q1 2018 earnings per share estimates for shares of Amazon.com in a report released on Monday. Oppenheimer analyst J. Helfstein now forecasts that the e-commerce giant will post earnings of $1.77 per share for the quarter, up from their previous estimate of $1.49. Oppenheimer currently has a “Buy” rating on the stock. Oppenheimer also issued estimates for Amazon.com’s Q2 2018 earnings at $1.53 EPS, FY2018 earnings at $6.51 EPS and FY2019 earnings at $11.86 EPS.

Amazon.com (NASDAQ:AMZN) last posted its quarterly earnings data on Thursday, October 26th. The e-commerce giant reported $0.52 EPS for the quarter, missing the Zacks’ consensus estimate of $1.09 by ($0.57). Amazon.com had a return on equity of 8.67% and a net margin of 1.20%. The firm had revenue of $43.74 billion during the quarter, compared to the consensus estimate of $42.26 billion. During the same period in the prior year, the firm posted $0.52 EPS. The firm’s quarterly revenue was up 33.7% on a year-over-year basis.

A number of other analysts also recently commented on the company. BidaskClub raised Amazon.com from a “buy” rating to a “strong-buy” rating in a research note on Thursday. Bank of America reissued a “buy” rating and issued a $1,460.00 price objective (up previously from $1,220.00) on shares of Amazon.com in a research note on Tuesday. They noted that the move was a valuation call. BMO Capital Markets boosted their price objective on Amazon.com to $1,600.00 and gave the stock an “outperform” rating in a research note on Tuesday. SunTrust Banks reissued a “buy” rating and issued a $1,400.00 price objective (up previously from $1,270.00) on shares of Amazon.com in a research note on Friday, January 12th. Finally, UBS Group reissued a “buy” rating on shares of Amazon.com in a research note on Thursday, January 11th. Four research analysts have rated the stock with a hold rating, fifty have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The stock has a consensus rating of “Buy” and an average price target of $1,278.33.

Shares of Amazon.com (NASDAQ:AMZN) opened at $1,294.58 on Thursday. Amazon.com has a 12 month low of $803.00 and a 12 month high of $1,339.94. The company has a quick ratio of 0.74, a current ratio of 1.03 and a debt-to-equity ratio of 1.00. The company has a market capitalization of $624,430.00, a price-to-earnings ratio of 326.91, a PEG ratio of 7.62 and a beta of 1.46.

Several hedge funds have recently bought and sold shares of AMZN. Portfolio Solutions LLC acquired a new stake in Amazon.com during the 4th quarter worth $119,000. Endurance Wealth Management Inc. raised its stake in Amazon.com by 90.9% during the 4th quarter. Endurance Wealth Management Inc. now owns 105 shares of the e-commerce giant’s stock worth $123,000 after buying an additional 50 shares during the period. Oak Point Wealth Management acquired a new stake in Amazon.com during the 4th quarter worth $125,000. Whitnell & Co. raised its stake in Amazon.com by 581.3% during the 3rd quarter. Whitnell & Co. now owns 109 shares of the e-commerce giant’s stock worth $105,000 after buying an additional 93 shares during the period. Finally, Vestor Capital LLC raised its stake in Amazon.com by 10.1% during the 2nd quarter. Vestor Capital LLC now owns 109 shares of the e-commerce giant’s stock worth $106,000 after buying an additional 10 shares during the period. 59.82% of the stock is currently owned by institutional investors.

In other news, CEO Jeffrey P. Bezos sold 391,110 shares of the stock in a transaction on Wednesday, November 1st. The stock was sold at an average price of $1,103.53, for a total value of $431,601,618.30. Following the transaction, the chief executive officer now owns 79,891,433 shares of the company’s stock, valued at approximately $88,162,593,058.49. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Chief Executive Officer of Worldwide Consumer Jeffrey A. Wilke sold 2,800 shares of the stock in a transaction on Friday, December 8th. The shares were sold at an average price of $1,160.34, for a total value of $3,248,952.00. Following the completion of the transaction, the insider now directly owns 10,000 shares in the company, valued at approximately $11,603,400. The disclosure for this sale can be found here. In the last three months, insiders sold 402,338 shares of company stock worth $444,391,701. 17.70% of the stock is currently owned by company insiders.

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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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