Roth Capital Comments on Amazon.com, Inc.’s FY2024 Earnings (NASDAQ:AMZN)

Amazon.com, Inc. (NASDAQ:AMZN) – Investment analysts at Roth Capital increased their FY2024 earnings estimates for Amazon.com in a research note issued to investors on Wednesday, May 1st. Roth Capital analyst R. Kulkarni now expects that the e-commerce giant will post earnings of $4.63 per share for the year, up from their prior forecast of $3.93. The consensus estimate for Amazon.com’s current full-year earnings is $4.55 per share. Roth Capital also issued estimates for Amazon.com’s FY2025 earnings at $5.49 EPS.

AMZN has been the subject of several other reports. Citigroup lifted their price target on Amazon.com from $235.00 to $245.00 and gave the stock a “buy” rating in a report on Wednesday. The Goldman Sachs Group boosted their target price on shares of Amazon.com from $220.00 to $225.00 and gave the company a “buy” rating in a research report on Wednesday. Benchmark restated a “buy” rating and issued a $200.00 price target on shares of Amazon.com in a research note on Wednesday. Stifel Nicolaus lifted their price objective on shares of Amazon.com from $224.00 to $228.00 and gave the stock a “buy” rating in a research note on Wednesday. Finally, Wolfe Research increased their target price on shares of Amazon.com from $195.00 to $205.00 and gave the stock an “outperform” rating in a research report on Friday, February 2nd. One investment analyst has rated the stock with a hold rating, forty-four have issued a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, Amazon.com presently has a consensus rating of “Buy” and a consensus price target of $211.07.

Amazon.com Trading Up 0.8 %

Shares of NASDAQ:AMZN opened at $186.21 on Friday. Amazon.com has a 12-month low of $103.31 and a 12-month high of $189.77. The business has a 50 day moving average of $179.02 and a 200-day moving average of $160.32. The company has a quick ratio of 0.84, a current ratio of 1.07 and a debt-to-equity ratio of 0.27. The stock has a market cap of $1.94 trillion, a PE ratio of 52.16, a P/E/G ratio of 1.37 and a beta of 1.15.

Amazon.com (NASDAQ:AMZN) last announced its earnings results on Tuesday, April 30th. The e-commerce giant reported $0.98 EPS for the quarter, topping the consensus estimate of $0.83 by $0.15. The business had revenue of $143.31 billion during the quarter, compared to the consensus estimate of $142.65 billion. Amazon.com had a net margin of 6.38% and a return on equity of 19.86%. Amazon.com’s revenue was up 12.5% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.31 EPS.

Insider Buying and Selling

In other Amazon.com news, insider Jeffrey P. Bezos sold 2,009,208 shares of the company’s stock in a transaction dated Tuesday, February 20th. The stock was sold at an average price of $166.79, for a total value of $335,115,802.32. Following the sale, the insider now owns 938,251,817 shares in the company, valued at approximately $156,491,020,557.43. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. In other Amazon.com news, insider Jeffrey P. Bezos sold 5,998,849 shares of the firm’s 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 completion of the transaction, the insider now owns 982,252,968 shares in the company, valued at approximately $167,140,165,034.88. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, insider Jeffrey P. Bezos sold 2,009,208 shares of the business’s stock in a transaction that occurred on Tuesday, February 20th. The stock was sold at an average price of $166.79, for a total transaction of $335,115,802.32. Following the completion of the transaction, the insider now owns 938,251,817 shares in the company, valued at approximately $156,491,020,557.43. The disclosure for this sale can be found here. Insiders sold a total of 32,217,010 shares of company stock valued at $5,506,442,301 in the last three months. Insiders own 10.80% of the company’s stock.

Institutional Trading of Amazon.com

A number of large investors have recently bought and sold shares of AMZN. Cooksen Wealth LLC bought a new stake in Amazon.com in the fourth quarter worth approximately $30,000. PayPay Securities Corp grew its position 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 worth $34,000 after buying an additional 94 shares during the period. E Fund Management Hong Kong Co. Ltd. increased its stake in shares of Amazon.com by 45.0% in the 4th quarter. E Fund Management Hong Kong Co. Ltd. now owns 277 shares of the e-commerce giant’s stock valued at $42,000 after acquiring an additional 86 shares in the last quarter. Strid Group LLC acquired a new position in shares of Amazon.com during the 4th quarter valued at $43,000. Finally, Harbor Investment Advisory LLC boosted its stake in Amazon.com by 0.7% during the fourth quarter. Harbor Investment Advisory LLC now owns 299,959 shares of the e-commerce giant’s stock worth $46,000 after acquiring an additional 1,988 shares in the last quarter. 72.20% of the stock is currently owned by institutional investors and hedge funds.

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.