Q2 2024 EPS Estimates for Amazon.com, Inc. Boosted by Analyst (NASDAQ:AMZN)

Amazon.com, Inc. (NASDAQ:AMZN) – Equities research analysts at William Blair increased their Q2 2024 earnings per share estimates for shares of Amazon.com in a report released on Wednesday, May 1st. William Blair analyst D. Carden now anticipates that the e-commerce giant will earn $1.03 per share for the quarter, up from their prior estimate of $0.87. The consensus estimate for Amazon.com’s current full-year earnings is $4.12 per share. William Blair also issued estimates for Amazon.com’s Q3 2024 earnings at $1.15 EPS, Q4 2024 earnings at $1.39 EPS, FY2024 earnings at $4.70 EPS and FY2025 earnings at $5.86 EPS.

A number of other research analysts have also recently issued reports on AMZN. Piper Sandler lifted their price objective on shares of Amazon.com from $205.00 to $220.00 and gave the company an “overweight” rating in a report on Wednesday. Bank of America boosted their target price on shares of Amazon.com from $185.00 to $204.00 and gave the company a “buy” rating in a research note on Friday, February 2nd. Needham & Company LLC restated a “buy” rating and set a $205.00 price target on shares of Amazon.com in a research note on Wednesday. JMP Securities reissued a “market outperform” rating and issued a $225.00 target price on shares of Amazon.com in a research report on Wednesday. Finally, Deutsche Bank Aktiengesellschaft lifted their price objective on shares of Amazon.com from $175.00 to $200.00 and gave the company a “buy” rating in a research note on Friday, February 2nd. One research analyst has rated the stock with a hold rating, forty-four have assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, Amazon.com presently has a consensus rating of “Buy” and an average price target of $211.07.

Amazon.com Stock Performance

AMZN opened at $186.21 on Friday. Amazon.com has a 1-year low of $103.31 and a 1-year high of $189.77. The company has a market cap of $1.93 trillion, a price-to-earnings ratio of 52.16, a PEG ratio of 1.55 and a beta of 1.15. The company’s fifty day moving average price is $178.79 and its two-hundred day moving average price is $159.95. The company has a current ratio of 1.07, a quick ratio of 0.84 and a debt-to-equity ratio of 0.27.

Amazon.com (NASDAQ:AMZN) last issued its earnings results on Tuesday, April 30th. The e-commerce giant reported $0.98 earnings per share for the quarter, topping analysts’ consensus estimates of $0.83 by $0.15. Amazon.com had a return on equity of 19.86% and a net margin of 6.38%. The company had revenue of $143.31 billion for the quarter, compared to analyst estimates of $142.65 billion. During the same period in the prior year, the firm earned $0.31 earnings per share. Amazon.com’s revenue for the quarter was up 12.5% on a year-over-year basis.

Insider Transactions at Amazon.com

In other news, CEO Douglas J. Herrington sold 3,500 shares of the firm’s stock in a transaction that occurred on Wednesday, May 1st. The stock was sold at an average price of $180.29, for a total value of $631,015.00. Following the completion of the transaction, the chief executive officer now owns 509,358 shares in the company, valued at approximately $91,832,153.82. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. In other Amazon.com news, CEO Douglas J. Herrington sold 3,500 shares of Amazon.com stock in a transaction on Wednesday, May 1st. The stock was sold at an average price of $180.29, for a total value of $631,015.00. Following the completion of the sale, the chief executive officer now owns 509,358 shares of the company’s stock, valued at approximately $91,832,153.82. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, insider Jeffrey P. Bezos sold 5,998,849 shares of the stock in a transaction that occurred on Wednesday, February 7th. The shares were sold at an average price of $170.16, for a total transaction of $1,020,764,145.84. Following the transaction, the insider now owns 982,252,968 shares in the company, valued at approximately $167,140,165,034.88. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 32,217,010 shares of company stock worth $5,506,442,301. Company insiders own 10.80% of the company’s stock.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of the company. Cooksen Wealth LLC purchased a new position in Amazon.com during the fourth quarter valued at $30,000. PayPay Securities Corp boosted its holdings in shares of Amazon.com by 54.3% during the 3rd quarter. PayPay Securities Corp now owns 267 shares of the e-commerce giant’s stock valued at $34,000 after purchasing an additional 94 shares during the last quarter. E Fund Management Hong Kong Co. Ltd. grew its position in shares of Amazon.com by 45.0% during the fourth quarter. E Fund Management Hong Kong Co. Ltd. now owns 277 shares of the e-commerce giant’s stock valued at $42,000 after purchasing an additional 86 shares in the last quarter. Strid Group LLC bought a new stake in shares of Amazon.com in the fourth quarter worth about $43,000. Finally, Harbor Investment Advisory LLC lifted its position in shares of Amazon.com by 0.7% in the fourth quarter. Harbor Investment Advisory LLC now owns 299,959 shares of the e-commerce giant’s stock worth $46,000 after buying an additional 1,988 shares in the last quarter. Hedge funds and other institutional investors own 72.20% of the company’s stock.

Amazon.com Company Profile

Amazon.com, Inc engages in the retail sale of consumer products, advertising, and subscriptions service through online and physical stores in North America and internationally. The company operates through three segments: North America, International, and Amazon Web Services (AWS). It also manufactures and sells electronic devices, including Kindle, Fire tablets, Fire TVs, Echo, Ring, Blink, and eero; and develops and produces media content.