Amazon.com, Inc. to Post FY2024 Earnings of $4.63 Per Share, Roth Capital Forecasts (NASDAQ:AMZN)

Amazon.com, Inc. (NASDAQ:AMZN) – Analysts at Roth Capital upped their FY2024 earnings per share estimates for Amazon.com in a report released on Wednesday, May 1st. Roth Capital analyst R. Kulkarni now expects that the e-commerce giant will earn $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 $4.12 per share. Roth Capital also issued estimates for Amazon.com’s FY2025 earnings at $5.49 EPS.

AMZN has been the subject of a number of other reports. Stifel Nicolaus increased their price target on Amazon.com from $224.00 to $228.00 and gave the company a “buy” rating in a research note on Wednesday. Benchmark reissued a “buy” rating and set a $200.00 target price on shares of Amazon.com in a research note on Wednesday. UBS Group boosted their target price on Amazon.com from $215.00 to $217.00 and gave the company a “buy” rating in a report on Wednesday. Barclays increased their price objective on Amazon.com from $220.00 to $230.00 and gave the stock an “overweight” rating in a research report on Wednesday. Finally, TD Cowen increased their price objective on Amazon.com from $200.00 to $225.00 and gave the company an “outperform” rating in a research note on Friday, February 2nd. One research analyst has rated the stock with a hold rating, forty-four have assigned a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Buy” and a consensus price target of $211.07.

Amazon.com Trading Up 0.8 %

NASDAQ:AMZN traded up $1.47 during midday trading on Friday, hitting $186.19. 17,881,607 shares of the company traded hands, compared to its average volume of 43,995,176. The firm’s fifty day moving average is $178.79 and its 200-day moving average is $159.95. Amazon.com has a 12-month low of $103.31 and a 12-month high of $189.77. The firm has a market capitalization of $1.93 trillion, a P/E ratio of 52.31, a P/E/G 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 data on Tuesday, April 30th. The e-commerce giant reported $0.98 EPS for the quarter, beating the consensus estimate of $0.83 by $0.15. The business had revenue of $143.31 billion during the quarter, compared to analyst estimates of $142.65 billion. Amazon.com had a return on equity of 19.86% and a net margin of 6.38%. The company’s revenue for the quarter was up 12.5% on a year-over-year basis. During the same quarter last year, the firm posted $0.31 earnings per share.

Insider Buying and Selling

In other news, CEO Douglas J. Herrington sold 20,200 shares of the business’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 in the company, valued at approximately $87,397,128.69. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. In other 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 value of $1,020,764,145.84. Following the completion of the transaction, the insider now owns 982,252,968 shares of the company’s stock, valued at $167,140,165,034.88. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, CEO Douglas J. Herrington sold 20,200 shares of the business’s stock in a transaction that occurred on Wednesday, February 7th. The stock was 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 disclosure for this sale can be found here. Over the last quarter, insiders have sold 32,213,510 shares of company stock worth $5,505,811,286. 10.80% of the stock is owned by insiders.

Institutional Inflows and Outflows

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

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.