Amazon.com, Inc. (NASDAQ:AMZN) – Equities researchers at Jefferies Group dropped their Q2 2018 earnings estimates for shares of Amazon.com in a note issued to investors on Tuesday. Jefferies Group analyst B. Thill now anticipates that the e-commerce giant will post earnings per share of $1.42 for the quarter, down from their previous estimate of $1.48. Jefferies Group has a “Buy” rating and a $1,850.00 price objective on the stock. Jefferies Group also issued estimates for Amazon.com’s FY2019 earnings at $15.62 EPS.

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Amazon.com (NASDAQ:AMZN) last released its quarterly earnings data on Thursday, February 1st. The e-commerce giant reported $2.16 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.85 by $0.31. Amazon.com had a net margin of 1.71% and a return on equity of 9.23%. The company had revenue of $60.45 billion during the quarter, compared to analyst estimates of $59.85 billion. During the same quarter in the prior year, the business earned $1.54 earnings per share. The business’s quarterly revenue was up 38.2% compared to the same quarter last year.

Other equities research analysts have also issued research reports about the stock. Loop Capital increased their price objective on shares of Amazon.com to $1,600.00 in a research report on Friday, February 2nd. DA Davidson increased their price objective on shares of Amazon.com from $1,300.00 to $1,500.00 and gave the stock a “buy” rating in a research report on Wednesday, November 29th. Goldman Sachs Group reissued a “buy” rating and issued a $1,450.00 price objective (up previously from $1,300.00) on shares of Amazon.com in a research report on Tuesday, November 28th. Nomura reissued a “buy” rating and issued a $1,360.00 price objective on shares of Amazon.com in a research report on Monday, November 20th. Finally, Citigroup reissued a “buy” rating on shares of Amazon.com in a research report on Sunday, November 19th. Five investment analysts have rated the stock with a hold rating, forty-seven have assigned a buy rating and two have issued a strong buy rating to the company. Amazon.com has an average rating of “Buy” and a consensus price target of $1,475.28.

Shares of Amazon.com (NASDAQ:AMZN) opened at $1,591.00 on Wednesday. Amazon.com has a 52-week low of $833.50 and a 52-week high of $1,617.54. The stock has a market cap of $768,849.44, a price-to-earnings ratio of 348.29, a PEG ratio of 6.99 and a beta of 1.54. The company has a quick ratio of 0.76, a current ratio of 1.04 and a debt-to-equity ratio of 0.89.

In related news, CEO Jeffrey A. Wilke sold 2,000 shares of the stock in a transaction dated Friday, February 16th. The shares were sold at an average price of $1,454.37, for a total value of $2,908,740.00. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, Director Tom A. Alberg sold 670 shares of the stock in a transaction dated Wednesday, February 21st. The stock was sold at an average price of $1,500.00, for a total transaction of $1,005,000.00. Following the completion of the sale, the director now directly owns 14,159 shares in the company, valued at approximately $21,238,500. The disclosure for this sale can be found here. In the last ninety days, insiders sold 5,714 shares of company stock worth $8,462,195. Corporate insiders own 17.70% of the company’s stock.

Hedge funds have recently added to or reduced their stakes in the stock. Vanguard Group Inc. increased its stake in Amazon.com by 2.9% during the 2nd quarter. Vanguard Group Inc. now owns 26,863,386 shares of the e-commerce giant’s stock valued at $26,003,758,000 after buying an additional 764,115 shares during the period. BlackRock Inc. increased its stake in Amazon.com by 0.4% during the 4th quarter. BlackRock Inc. now owns 24,535,840 shares of the e-commerce giant’s stock valued at $28,693,927,000 after buying an additional 88,437 shares during the period. Capital Research Global Investors increased its stake in Amazon.com by 0.4% during the 2nd quarter. Capital Research Global Investors now owns 10,711,772 shares of the e-commerce giant’s stock valued at $10,368,995,000 after buying an additional 40,068 shares during the period. Geode Capital Management LLC increased its stake in Amazon.com by 2.4% during the 4th quarter. Geode Capital Management LLC now owns 4,224,515 shares of the e-commerce giant’s stock valued at $4,930,014,000 after buying an additional 98,906 shares during the period. Finally, TIAA CREF Investment Management LLC increased its stake in Amazon.com by 1.7% during the 2nd quarter. TIAA CREF Investment Management LLC now owns 2,828,302 shares of the e-commerce giant’s stock valued at $2,737,796,000 after buying an additional 46,800 shares during the period. 60.22% of the stock is currently owned by institutional investors and hedge funds.

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About Amazon.com

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.

Earnings History and Estimates for Amazon.com (NASDAQ:AMZN)

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