William Blair Equities Analysts Boost Earnings Estimates for Amazon.com, Inc. (NASDAQ:AMZN)

Amazon.com, Inc. (NASDAQ:AMZN – Get Rating) – Research analysts at William Blair raised their Q4 2023 earnings per share (EPS) estimates for shares of Amazon.com in a note issued to investors on Tuesday, March 14th. William Blair analyst D. Carden now expects that the e-commerce giant will earn $0.44 per share for the quarter, up from their previous forecast of $0.41. The consensus estimate for Amazon.com’s current full-year earnings is $1.34 per share. William Blair also issued estimates for Amazon.com’s Q1 2024 earnings at $0.24 EPS, Q2 2024 earnings at $0.20 EPS, Q3 2024 earnings at $0.31 EPS, Q4 2024 earnings at $0.50 EPS and FY2024 earnings at $1.26 EPS.

Several other equities analysts have also recently commented on AMZN. Telsey Advisory Group cut their price target on Amazon.com from $140.00 to $125.00 and set an “outperform” rating for the company in a report on Tuesday, January 24th. Wells Fargo & Company cut their price target on Amazon.com from $155.00 to $145.00 in a report on Friday, February 3rd. DA Davidson upped their price target on Amazon.com from $114.00 to $134.00 and gave the company a “buy” rating in a report on Friday, February 3rd. Morgan Stanley increased their target price on Amazon.com from $140.00 to $150.00 and gave the stock an “overweight” rating in a report on Friday, February 3rd. Finally, Cowen increased their target price on Amazon.com from $140.00 to $150.00 and gave the stock an “outperform” rating in a report on Friday, February 3rd. Two research analysts have rated the stock with a sell rating, three have given a hold rating and forty-one have given a buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $144.72.

Amazon.com Trading Up 4.0 %

Amazon.com stock opened at $100.04 on Thursday. The business has a 50 day moving average price of $96.75 and a two-hundred day moving average price of $101.94. The company has a quick ratio of 0.72, a current ratio of 0.94 and a debt-to-equity ratio of 0.46. The stock has a market cap of $1.03 trillion, a price-to-earnings ratio of -373.27, a price-to-earnings-growth ratio of 3.81 and a beta of 1.25. Amazon.com has a 12 month low of $81.43 and a 12 month high of $170.83.

Amazon.com (NASDAQ:AMZN – Get Rating) last announced its earnings results on Thursday, February 2nd. The e-commerce giant reported $0.03 earnings per share for the quarter, missing the consensus estimate of $0.15 by ($0.12). The business had revenue of $149.20 billion for the quarter, compared to the consensus estimate of $145.72 billion. Amazon.com had a negative net margin of 0.53% and a positive return on equity of 5.33%. Amazon.com’s revenue for the quarter was up 8.6% compared to the same quarter last year. During the same quarter in the previous year, the company earned $1.39 EPS.

Insider Buying and Selling

In related news, VP Shelley Reynolds sold 3,500 shares of the firm’s stock in a transaction on Tuesday, February 21st. The stock was sold at an average price of $94.91, for a total transaction of $332,185.00. Following the sale, the vice president now owns 119,780 shares of the company’s stock, valued at approximately $11,368,319.80. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In other Amazon.com news, CEO Douglas J. Herrington sold 4,000 shares of Amazon.com stock in a transaction dated Wednesday, March 1st. The stock was sold at an average price of $93.80, for a total value of $375,200.00. Following the sale, the chief executive officer now owns 560,298 shares of the company’s stock, valued at approximately $52,555,952.40. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, VP Shelley Reynolds sold 3,500 shares of Amazon.com stock in a transaction dated Tuesday, February 21st. The shares were sold at an average price of $94.91, for a total value of $332,185.00. Following the completion of the sale, the vice president now directly owns 119,780 shares in the company, valued at approximately $11,368,319.80. The disclosure for this sale can be found here. In the last quarter, insiders have sold 71,394 shares of company stock valued at $6,994,626. 12.70% of the stock is owned by company insiders.

Institutional Trading of Amazon.com

Several hedge funds and other institutional investors have recently modified their holdings of AMZN. Kavar Capital Partners Group LLC increased its position in shares of Amazon.com by 7.6% in the first quarter. Kavar Capital Partners Group LLC now owns 1,121 shares of the e-commerce giant’s stock valued at $3,654,000 after acquiring an additional 79 shares during the last quarter. IFM Investors Pty Ltd increased its position in shares of Amazon.com by 21.8% in the first quarter. IFM Investors Pty Ltd now owns 72,911 shares of the e-commerce giant’s stock valued at $237,686,000 after acquiring an additional 13,060 shares during the last quarter. Ironwood Wealth Management LLC. increased its position in shares of Amazon.com by 0.8% in the first quarter. Ironwood Wealth Management LLC. now owns 1,810 shares of the e-commerce giant’s stock valued at $5,901,000 after acquiring an additional 15 shares during the last quarter. Markel Corp increased its position in shares of Amazon.com by 0.6% in the first quarter. Markel Corp now owns 99,068 shares of the e-commerce giant’s stock valued at $322,956,000 after acquiring an additional 550 shares during the last quarter. Finally, Leelyn Smith LLC increased its position in shares of Amazon.com by 24.8% in the first quarter. Leelyn Smith LLC now owns 2,721 shares of the e-commerce giant’s stock valued at $8,870,000 after acquiring an additional 540 shares during the last quarter. Institutional investors and hedge funds own 57.64% of the company’s stock.

Amazon.com Company Profile

(Get Rating)

Amazon.com, Inc is a multinational technology company, which engages in the provision of online retail shopping services. It operates through the following segments: North America, International, and Amazon Web Services (AWS). The North America segment is involved in the retail sales of consumer products including from sellers and subscriptions through North America-focused online and physical stores.