Amazon.com, Inc. (NASDAQ:AMZN – Get Rating) – Telsey Advisory Group dropped their Q2 2022 EPS estimates for shares of Amazon.com in a report released on Wednesday, July 13th. Telsey Advisory Group analyst J. Feldman now forecasts that the e-commerce giant will earn $0.20 per share for the quarter, down from their previous forecast of $0.25. Telsey Advisory Group currently has a “Outperform” rating and a $145.00 price objective on the stock. The consensus estimate for Amazon.com’s current full-year earnings is $1.17 per share. Telsey Advisory Group also issued estimates for Amazon.com’s Q3 2022 earnings at $0.52 EPS, Q4 2022 earnings at $0.63 EPS and FY2023 earnings at $2.25 EPS.
AMZN has been the topic of a number of other reports. Redburn Partners started coverage on shares of Amazon.com in a research report on Wednesday, June 29th. They set a “buy” rating and a $270.00 target price on the stock. Wolfe Research lowered their price objective on shares of Amazon.com from $145.00 to $140.00 and set an “outperform” rating for the company in a research note on Wednesday, June 29th. BNP Paribas began coverage on shares of Amazon.com in a research report on Tuesday, March 29th. They set an “underperform” rating and a $140.00 target price for the company. BMO Capital Markets decreased their target price on shares of Amazon.com from $182.50 to $172.50 in a research report on Friday, April 29th. Finally, DA Davidson cut their price objective on shares of Amazon.com from $195.00 to $156.25 in a report on Friday, April 29th. Three equities research analysts have rated the stock with a sell rating, one has issued a hold rating and thirty-seven have given a buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $184.32.
Shares of NASDAQ:AMZN opened at $110.40 on Thursday. The company has a current ratio of 0.96, a quick ratio of 0.71 and a debt-to-equity ratio of 0.35. Amazon.com has a 12 month low of $101.26 and a 12 month high of $188.11. The company has a 50-day moving average price of $111.78 and a 200 day moving average price of $139.18. The company has a market cap of $1.12 trillion, a price-to-earnings ratio of 53.29, a PEG ratio of 3.48 and a beta of 1.25.
Amazon.com (NASDAQ:AMZN – Get Rating) last released its quarterly earnings data on Thursday, April 28th. The e-commerce giant reported $0.21 EPS for the quarter, missing the consensus estimate of $0.44 by ($0.23). Amazon.com had a net margin of 4.48% and a return on equity of 21.60%. The company had revenue of $116.44 billion for the quarter, compared to the consensus estimate of $116.52 billion. During the same period last year, the company earned $0.79 EPS. The firm’s revenue for the quarter was up 7.3% on a year-over-year basis.
In related news, CEO David H. Clark sold 2,270 shares of Amazon.com stock in a transaction on Monday, May 23rd. The shares were sold at an average price of $2,169.22, for a total value of $4,924,129.40. Following the completion of the sale, the chief executive officer now owns 6,695 shares in the company, valued at $14,522,927.90. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, VP Shelley Reynolds sold 173 shares of Amazon.com stock in a transaction on Monday, May 23rd. The stock was sold at an average price of $2,169.22, for a total transaction of $375,275.06. Following the completion of the sale, the vice president now owns 5,989 shares of the company’s stock, valued at approximately $12,991,458.58. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 4,803 shares of company stock valued at $10,528,337. 12.70% of the stock is owned by insiders.
Large investors have recently modified their holdings of the stock. Edge Wealth Management LLC increased its stake in Amazon.com by 5.5% during the fourth quarter. Edge Wealth Management LLC now owns 1,271 shares of the e-commerce giant’s stock valued at $4,238,000 after purchasing an additional 66 shares during the last quarter. Golden Green Inc. increased its stake in Amazon.com by 3.6% during the fourth quarter. Golden Green Inc. now owns 401 shares of the e-commerce giant’s stock valued at $1,337,000 after purchasing an additional 14 shares during the last quarter. Buttonwood Financial Advisors Inc. bought a new stake in Amazon.com during the fourth quarter valued at $1,024,000. Hillman Co. increased its stake in Amazon.com by 0.4% during the fourth quarter. Hillman Co. now owns 15,121 shares of the e-commerce giant’s stock valued at $50,419,000 after purchasing an additional 56 shares during the last quarter. Finally, Strategic Capital Advisers Inc. increased its stake in Amazon.com by 1.2% during the fourth quarter. Strategic Capital Advisers Inc. now owns 960 shares of the e-commerce giant’s stock valued at $3,201,000 after purchasing an additional 11 shares during the last quarter. Institutional investors and hedge funds own 72.51% of the company’s stock.
About Amazon.com (Get Rating)
Amazon.com, Inc engages in the retail sale of consumer products and subscriptions in North America and internationally. The company operates through three segments: North America, International, and Amazon Web Services (AWS). It sells merchandise and content purchased for resale from third-party sellers through physical and online stores.
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