Q2 2024 EPS Estimates for Amazon.com, Inc. (NASDAQ:AMZN) Increased by Roth Capital

Amazon.com, Inc. (NASDAQ:AMZN) – Equities research analysts at Roth Capital lifted their Q2 2024 EPS estimates for shares of Amazon.com in a report issued on Wednesday, May 1st. Roth Capital analyst R. Kulkarni now forecasts that the e-commerce giant will post earnings per share of $1.09 for the quarter, up from their prior forecast of $0.92. The consensus estimate for Amazon.com’s current full-year earnings is $4.12 per share. Roth Capital also issued estimates for Amazon.com’s Q3 2024 earnings at $1.23 EPS, Q4 2024 earnings at $1.19 EPS, Q1 2025 earnings at $1.29 EPS, Q2 2025 earnings at $1.31 EPS, Q3 2025 earnings at $1.44 EPS and Q4 2025 earnings at $1.46 EPS.

Several other analysts also recently commented on the stock. Susquehanna lifted their target price on shares of Amazon.com from $185.00 to $220.00 and gave the stock a “positive” rating in a report on Friday, February 2nd. Piper Sandler increased their price objective on Amazon.com from $205.00 to $220.00 and gave the stock an “overweight” rating in a research report on Wednesday. Telsey Advisory Group boosted their target price on shares of Amazon.com from $200.00 to $215.00 and gave the company an “outperform” rating in a research report on Wednesday. Moffett Nathanson restated a “buy” rating and issued a $228.00 price target on shares of Amazon.com in a research note on Thursday, April 11th. Finally, DA Davidson reiterated a “buy” rating and issued a $235.00 price objective on shares of Amazon.com in a research note on Thursday, April 18th. One analyst has rated the stock with a hold rating, forty-four have given a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Buy” and an average target price of $211.07.

Amazon.com Stock Up 0.8 %

AMZN stock opened at $186.21 on Thursday. The business’s 50 day simple moving average is $178.79 and its 200 day simple moving average is $159.95. Amazon.com has a 1-year low of $103.31 and a 1-year high of $189.77. The firm has a market capitalization of $1.93 trillion, a PE ratio of 52.16, a PEG ratio of 1.55 and a beta of 1.15. 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 announced its quarterly 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 firm had revenue of $143.31 billion for the quarter, compared to the consensus estimate of $142.65 billion. During the same quarter in the previous year, the business earned $0.31 earnings per share. The business’s revenue was up 12.5% compared to the same quarter last year.

Institutional Trading of Amazon.com

Hedge funds have recently bought and sold shares of the business. Cherrydale Wealth Management LLC raised its position in Amazon.com by 14.7% in the fourth quarter. Cherrydale Wealth Management LLC now owns 5,260 shares of the e-commerce giant’s stock worth $799,000 after acquiring an additional 675 shares during the period. Tompkins Financial Corp increased its stake in shares of Amazon.com by 3.3% during the 4th quarter. Tompkins Financial Corp now owns 71,576 shares of the e-commerce giant’s stock worth $10,875,000 after purchasing an additional 2,273 shares during the last quarter. Nicholas Company Inc. raised its holdings in shares of Amazon.com by 3.9% in the 3rd quarter. Nicholas Company Inc. now owns 705,065 shares of the e-commerce giant’s stock worth $89,628,000 after purchasing an additional 26,465 shares during the period. Nordea Investment Management AB lifted its stake in Amazon.com by 5.4% in the fourth quarter. Nordea Investment Management AB now owns 5,397,520 shares of the e-commerce giant’s stock valued at $825,065,000 after purchasing an additional 277,631 shares during the last quarter. Finally, Foresight Capital Management Advisors Inc. purchased a new stake in Amazon.com in the fourth quarter worth $1,891,000. 72.20% of the stock is currently owned by institutional investors.

Insider Transactions at Amazon.com

In other Amazon.com news, VP Shelley Reynolds sold 3,100 shares of the business’s stock in a transaction on Wednesday, February 21st. The shares were sold at an average price of $168.97, for a total transaction of $523,807.00. Following the completion of the sale, the vice president now owns 119,780 shares in the company, valued at approximately $20,239,226.60. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. In related news, Director Jonathan Rubinstein sold 12,133 shares of the firm’s stock in a transaction dated Friday, February 9th. The shares were sold at an average price of $171.00, for a total transaction of $2,074,743.00. Following the transaction, the director now directly owns 115,220 shares of the company’s stock, valued at $19,702,620. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, VP Shelley Reynolds sold 3,100 shares of the company’s stock in a transaction dated Wednesday, February 21st. The stock was sold at an average price of $168.97, for a total transaction of $523,807.00. Following the completion of the sale, the vice president now directly owns 119,780 shares of the company’s stock, valued at $20,239,226.60. The disclosure for this sale can be found here. Insiders have sold 32,217,010 shares of company stock valued at $5,506,442,301 in the last 90 days. 10.80% of the stock is currently owned by corporate insiders.

About Amazon.com

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.