Amazon.com, Inc. (NASDAQ:AMZN) – Investment analysts at DA Davidson issued their Q3 2017 EPS estimates for shares of Amazon.com in a note issued to investors on Wednesday. DA Davidson analyst T. Forte anticipates that the e-commerce giant will earn $0.19 per share for the quarter. DA Davidson has a “Buy” rating and a $1,300.00 price target on the stock. DA Davidson also issued estimates for Amazon.com’s Q4 2017 earnings at $2.35 EPS, FY2017 earnings at $4.42 EPS, FY2018 earnings at $10.82 EPS, FY2019 earnings at $16.73 EPS, FY2020 earnings at $24.71 EPS and FY2021 earnings at $32.91 EPS.
Several other research analysts have also commented on the stock. Loop Capital assumed coverage on shares of Amazon.com in a report on Tuesday. They issued a “buy” rating for the company. Barclays PLC restated an “overweight” rating and issued a $1,150.00 price objective on shares of Amazon.com in a report on Tuesday. Royal Bank Of Canada set a $1,100.00 price objective on shares of Amazon.com and gave the stock a “buy” rating in a report on Monday. MKM Partners restated a “buy” rating and issued a $1,275.00 price objective on shares of Amazon.com in a report on Thursday, September 7th. Finally, Cantor Fitzgerald restated a “buy” rating and issued a $1,150.00 price objective on shares of Amazon.com in a report on Friday, September 1st. One investment analyst has rated the stock with a sell rating, three have issued a hold rating, forty-six have given a buy rating and two have issued a strong buy rating to the company. The company presently has a consensus rating of “Buy” and a consensus price target of $1,092.58.
TRADEMARK VIOLATION NOTICE: This news story was originally reported by Markets Daily and is owned by of Markets Daily. If you are viewing this news story on another domain, it was copied illegally and republished in violation of US and international trademark & copyright laws. The legal version of this news story can be viewed at https://www.themarketsdaily.com/2017/09/13/equities-analysts-issue-forecasts-for-amazon-com-inc-s-q3-2017-earnings-amzn.html.
Shares of Amazon.com (AMZN) opened at 982.58 on Monday. The firm has a 50-day moving average of $981.80 and a 200-day moving average of $946.71. The firm has a market capitalization of $472.01 billion, a PE ratio of 249.89 and a beta of 1.47. Amazon.com has a 12-month low of $710.10 and a 12-month high of $1,083.31.
Amazon.com (NASDAQ:AMZN) last posted its quarterly earnings results on Thursday, July 27th. The e-commerce giant reported $0.40 EPS for the quarter, missing analysts’ consensus estimates of $1.40 by ($1.00). The company had revenue of $37.96 billion during the quarter, compared to analyst estimates of $37.18 billion. Amazon.com had a return on equity of 9.38% and a net margin of 1.28%. The company’s revenue for the quarter was up 24.8% compared to the same quarter last year. During the same quarter in the previous year, the business posted $1.78 earnings per share.
In other news, CEO Jeffrey A. Wilke sold 2,800 shares of the business’s stock in a transaction dated Tuesday, August 22nd. The stock was sold at an average price of $955.20, for a total transaction of $2,674,560.00. Following the sale, the chief executive officer now owns 10,000 shares in the company, valued at $9,552,000. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Andrew R. Jassy sold 1,985 shares of the business’s stock in a transaction dated Tuesday, August 15th. The stock was sold at an average price of $986.12, for a total value of $1,957,448.20. Following the sale, the chief executive officer now owns 81,479 shares in the company, valued at approximately $80,348,071.48. The disclosure for this sale can be found here. Insiders have sold 9,793 shares of company stock worth $9,574,377 in the last 90 days. Insiders own 17.70% of the company’s stock.
Several hedge funds have recently modified their holdings of the company. Vanguard Group Inc. grew its stake in shares of Amazon.com by 2.9% during the second quarter. Vanguard Group Inc. now owns 26,863,386 shares of the e-commerce giant’s stock worth $26,003,758,000 after acquiring an additional 764,115 shares during the last quarter. BlackRock Inc. grew its stake in shares of Amazon.com by 2.4% during the second quarter. BlackRock Inc. now owns 23,925,821 shares of the e-commerce giant’s stock worth $23,160,193,000 after acquiring an additional 554,990 shares during the last quarter. State Street Corp grew its stake in shares of Amazon.com by 1.1% during the first quarter. State Street Corp now owns 16,544,538 shares of the e-commerce giant’s stock worth $14,667,392,000 after acquiring an additional 186,756 shares during the last quarter. Capital Research Global Investors grew its stake in shares of Amazon.com by 0.4% during the second quarter. Capital Research Global Investors now owns 10,711,772 shares of the e-commerce giant’s stock worth $10,368,995,000 after acquiring an additional 40,068 shares during the last quarter. Finally, TIAA CREF Investment Management LLC grew its stake in shares of Amazon.com by 1.7% during the second quarter. TIAA CREF Investment Management LLC now owns 2,828,302 shares of the e-commerce giant’s stock worth $2,737,796,000 after acquiring an additional 46,800 shares during the last quarter. Institutional investors and hedge funds own 60.80% of the company’s stock.
Amazon.com Company Profile
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.