Brokers Issue Forecasts for Amazon.com, Inc.’s Q4 2019 Earnings (AMZN)
Amazon.com, Inc. (NASDAQ:AMZN) – Stock analysts at Piper Jaffray Companies lifted their Q4 2019 earnings estimates for Amazon.com in a report issued on Friday, February 1st. Piper Jaffray Companies analyst M. Olson now anticipates that the e-commerce giant will earn $9.41 per share for the quarter, up from their prior forecast of $9.31. Piper Jaffray Companies currently has a “Overweight” rating on the stock.
Amazon.com (NASDAQ:AMZN) last announced its earnings results on Thursday, January 31st. The e-commerce giant reported $6.04 earnings per share (EPS) for the quarter, beating the consensus estimate of $5.55 by $0.49. The company had revenue of $72.38 billion during the quarter, compared to analyst estimates of $71.73 billion. Amazon.com had a net margin of 4.33% and a return on equity of 27.02%. During the same period in the previous year, the business posted $2.16 earnings per share.
Shares of NASDAQ AMZN opened at $1,658.81 on Monday. The company has a debt-to-equity ratio of 0.54, a current ratio of 1.10 and a quick ratio of 0.85. The company has a market cap of $795.18 billion, a P/E ratio of 82.36, a price-to-earnings-growth ratio of 2.29 and a beta of 1.62. Amazon.com has a 12-month low of $1,265.93 and a 12-month high of $2,050.50.
Hedge funds have recently added to or reduced their stakes in the company. Cibc Bank USA raised its stake in Amazon.com by 5.9% during the fourth quarter. Cibc Bank USA now owns 4,134 shares of the e-commerce giant’s stock valued at $6,210,000 after purchasing an additional 231 shares in the last quarter. WINTON GROUP Ltd raised its stake in Amazon.com by 46.8% during the fourth quarter. WINTON GROUP Ltd now owns 25,321 shares of the e-commerce giant’s stock valued at $38,031,000 after purchasing an additional 8,076 shares in the last quarter. Oregon Public Employees Retirement Fund raised its stake in Amazon.com by 150,721.8% during the fourth quarter. Oregon Public Employees Retirement Fund now owns 109,486,103 shares of the e-commerce giant’s stock valued at $73,000 after purchasing an additional 109,413,510 shares in the last quarter. Abbrea Capital LLC raised its stake in Amazon.com by 7.1% during the fourth quarter. Abbrea Capital LLC now owns 4,067 shares of the e-commerce giant’s stock valued at $6,109,000 after purchasing an additional 271 shares in the last quarter. Finally, Aft Forsyth & Company Inc. raised its stake in Amazon.com by 9.3% during the fourth quarter. Aft Forsyth & Company Inc. now owns 2,277 shares of the e-commerce giant’s stock valued at $3,420,000 after purchasing an additional 193 shares in the last quarter. 55.69% of the stock is currently owned by hedge funds and other institutional investors.
In other news, CEO Jeffrey A. Wilke sold 1,230 shares of the business’s stock in a transaction on Tuesday, November 20th. The shares were sold at an average price of $1,506.94, for a total value of $1,853,536.20. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, insider David Zapolsky sold 1,929 shares of the business’s stock in a transaction on Thursday, November 15th. The stock was sold at an average price of $1,566.09, for a total transaction of $3,020,987.61. The disclosure for this sale can be found here. Over the last quarter, insiders sold 5,503 shares of company stock valued at $8,552,040. Company insiders own 16.30% of the company’s stock.
Amazon.com Company Profile
Amazon.com, Inc engages in the retail sale of consumer products and subscriptions in North America and internationally. The company operates through three segments: North America, International, and Amazon Web Services (AWS) segments. It sells merchandise and content purchased for resale from vendors, as well as those offered by third-party sellers through physical stores and retail Websites, such as amazon.com, amazon.ca, amazon.com.mx, amazon.com.au, amazon.com.br, amazon.cn, amazon.fr, amazon.de, amazon.in, amazon.it, amazon.co.jp, amazon.nl, amazon.es, and amazon.co.uk.
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