Telsey Advisory Group Research Analysts Lift Earnings Estimates for Amazon.com, Inc. (NASDAQ:AMZN)

Amazon.com, Inc. (NASDAQ:AMZN) – Analysts at Telsey Advisory Group upped their Q3 2024 earnings estimates for Amazon.com in a report issued on Wednesday, May 1st. Telsey Advisory Group analyst J. Feldman now forecasts that the e-commerce giant will post earnings per share of $1.15 for the quarter, up from their prior estimate of $0.97. Telsey Advisory Group has a “Outperform” rating and a $215.00 price target on the stock. The consensus estimate for Amazon.com’s current full-year earnings is $4.12 per share. Telsey Advisory Group also issued estimates for Amazon.com’s Q4 2024 earnings at $1.34 EPS and FY2025 earnings at $5.73 EPS.

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

Other research analysts have also issued reports about the stock. Benchmark reiterated a “buy” rating and issued a $200.00 price objective on shares of Amazon.com in a research note on Wednesday. Argus boosted their price objective on Amazon.com from $185.00 to $205.00 and gave the company a “buy” rating in a research note on Thursday. Sanford C. Bernstein raised their target price on Amazon.com from $175.00 to $200.00 and gave the stock an “outperform” rating in a research note on Friday, February 2nd. Deutsche Bank Aktiengesellschaft lifted their target price on Amazon.com from $175.00 to $200.00 and gave the company a “buy” rating in a report on Friday, February 2nd. Finally, Bank of America raised their price objective on shares of Amazon.com from $185.00 to $204.00 and gave the company a “buy” rating in a research report on Friday, February 2nd. One research analyst has rated the stock with a hold rating, forty-four have given a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, Amazon.com has an average rating of “Buy” and an average target price of $211.07.

Amazon.com Stock Up 0.8 %

Shares of NASDAQ AMZN opened at $186.21 on Thursday. The company has a debt-to-equity ratio of 0.27, a current ratio of 1.07 and a quick ratio of 0.84. The stock has a market capitalization of $1.93 trillion, a PE ratio of 52.16, a P/E/G ratio of 1.55 and a beta of 1.15. Amazon.com has a one year low of $103.31 and a one year high of $189.77. The business’s fifty day moving average price is $178.79 and its 200-day moving average price is $159.95.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Valley Wealth Managers Inc. boosted its holdings in Amazon.com by 15.8% in the first quarter. Valley Wealth Managers Inc. now owns 14,696 shares of the e-commerce giant’s stock worth $2,651,000 after acquiring an additional 2,005 shares in the last quarter. Team Hewins LLC raised its position in shares of Amazon.com by 1.0% in the 1st quarter. Team Hewins LLC now owns 47,053 shares of the e-commerce giant’s stock worth $8,487,000 after purchasing an additional 462 shares during the last quarter. Ogorek Anthony Joseph NY ADV boosted its stake in Amazon.com by 1.9% in the 1st quarter. Ogorek Anthony Joseph NY ADV now owns 9,509 shares of the e-commerce giant’s stock worth $1,715,000 after purchasing an additional 178 shares in the last quarter. Csenge Advisory Group grew its position in Amazon.com by 3.0% during the 1st quarter. Csenge Advisory Group now owns 85,185 shares of the e-commerce giant’s stock valued at $15,366,000 after purchasing an additional 2,503 shares during the last quarter. Finally, Joseph P. Lucia & Associates LLC increased its stake in Amazon.com by 3.0% during the 1st quarter. Joseph P. Lucia & Associates LLC now owns 30,465 shares of the e-commerce giant’s stock valued at $5,495,000 after purchasing an additional 878 shares in the last quarter. Institutional investors own 72.20% of the company’s stock.

Insider Buying and Selling at Amazon.com

In other news, CEO Douglas J. Herrington sold 20,200 shares of Amazon.com stock in a transaction dated Wednesday, February 7th. The shares were sold at an average price of $169.99, for a total transaction of $3,433,798.00. Following the sale, the chief executive officer now owns 514,131 shares of the company’s stock, valued at approximately $87,397,128.69. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In other news, CEO Douglas J. Herrington sold 20,200 shares of the company’s stock in a transaction dated Wednesday, February 7th. The shares were sold at an average price of $169.99, for a total value of $3,433,798.00. Following the sale, the chief executive officer now directly owns 514,131 shares of the company’s stock, valued at approximately $87,397,128.69. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Douglas J. Herrington sold 3,500 shares of the business’s stock in a transaction dated Wednesday, May 1st. The stock was sold at an average price of $180.29, for a total transaction of $631,015.00. Following the sale, the chief executive officer now directly owns 509,358 shares in the company, valued at approximately $91,832,153.82. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 32,217,010 shares of company stock valued at $5,506,442,301. 10.80% of the stock is currently owned by company 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.