Amazon.com Inc. (NASDAQ:AMZN) – SunTrust Banks lifted their Q3 2016 earnings per share estimates for shares of Amazon.com in a report released on Wednesday. SunTrust Banks analyst R. Peck now forecasts that the firm will earn $0.83 per share for the quarter, up from their previous estimate of $0.63. SunTrust Banks currently has a “Neutral” rating and a $850.00 target price on the stock. SunTrust Banks also issued estimates for Amazon.com’s Q4 2016 earnings at $2.26 EPS, FY2016 earnings at $5.94 EPS, FY2017 earnings at $11.11 EPS and FY2018 earnings at $17.68 EPS.
Other research analysts also recently issued research reports about the stock. JMP Securities reaffirmed a “buy” rating and issued a $775.00 price target on shares of Amazon.com in a research note on Saturday, July 9th. Deutsche Bank AG reaffirmed a “buy” rating and issued a $900.00 price target on shares of Amazon.com in a research note on Sunday, July 10th. Bank of America Corp. reaffirmed a “buy” rating and issued a $840.00 price target on shares of Amazon.com in a research note on Sunday, July 17th. Zacks Investment Research raised shares of Amazon.com from a “hold” rating to a “strong-buy” rating and set a $968.00 price target on the stock in a research note on Friday. Finally, RBC Capital Markets set a $840.00 price target on shares of Amazon.com and gave the stock a “buy” rating in a research note on Friday, July 29th. Five investment analysts have rated the stock with a hold rating, forty-six have given a buy rating and one has assigned a strong buy rating to the company. The company presently has an average rating of “Buy” and a consensus target price of $891.31.
Amazon.com (NASDAQ:AMZN) opened at 839.43 on Friday. Amazon.com has a 52 week low of $474.00 and a 52 week high of $847.21. The stock has a 50 day moving average of $789.64 and a 200 day moving average of $718.27. The company has a market cap of $397.95 billion, a P/E ratio of 208.76 and a beta of 1.20.
Amazon.com (NASDAQ:AMZN) last issued its earnings results on Thursday, July 28th. The e-commerce giant reported $1.78 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.11 by $0.67. The firm had revenue of $30.40 billion for the quarter, compared to the consensus estimate of $29.54 billion. Amazon.com had a net margin of 1.60% and a return on equity of 13.52%. The business’s revenue was up 31.1% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.19 earnings per share.
Hedge funds have recently added to or reduced their stakes in the company. Pathstone Family Office LLC raised its stake in Amazon.com by 92.1% in the second quarter. Pathstone Family Office LLC now owns 146 shares of the e-commerce giant’s stock worth $105,000 after buying an additional 70 shares during the last quarter. Kistler Tiffany Companies LLC raised its stake in Amazon.com by 906.7% in the second quarter. Kistler Tiffany Companies LLC now owns 151 shares of the e-commerce giant’s stock worth $108,000 after buying an additional 136 shares during the last quarter. Kings Point Capital Management purchased a new stake in Amazon.com during the second quarter worth $109,000. Krilogy Financial LLC increased its position in shares of Amazon.com by 157.1% in the second quarter. Krilogy Financial LLC now owns 198 shares of the e-commerce giant’s stock worth $142,000 after buying an additional 121 shares during the period. Finally, West Oak Capital LLC increased its position in shares of Amazon.com by 105.7% in the second quarter. West Oak Capital LLC now owns 216 shares of the e-commerce giant’s stock worth $155,000 after buying an additional 111 shares during the period. Hedge funds and other institutional investors own 65.44% of the company’s stock.
In related news, CEO Jeffrey P. Bezos sold 1,000,000 shares of the company’s stock in a transaction that occurred on Thursday, August 4th. The shares were sold at an average price of $756.74, for a total transaction of $756,740,000.00. Following the sale, the chief executive officer now directly owns 81,871,067 shares in the company, valued at $61,955,111,241.58. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Andrew R. Jassy sold 14,000 shares of the company’s stock in a transaction that occurred on Thursday, September 22nd. The stock was sold at an average price of $800.00, for a total transaction of $11,200,000.00. Following the sale, the chief executive officer now owns 68,141 shares in the company, valued at $54,512,800. The disclosure for this sale can be found here. Corporate insiders own 17.70% of the company’s stock.
Amazon.com, Inc offers a range of products and services through its Websites. The Company’s products include merchandise and content that it purchases for resale from vendors and those offered by third-party sellers. The Company has three segments: North America, International and Amazon Web Services (AWS).
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