Amazon.com (NASDAQ:AMZN) Releases Earnings Results

Amazon.com, Inc. (NASDAQ:AMZN) issued its earnings results on Thursday. The e-commerce giant reported $10.30 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.74 by $8.56, MarketWatch Earnings reports. The company had revenue of $88.91 billion for the quarter, compared to analysts’ expectations of $81.56 billion. Amazon.com had a net margin of 4.10% and a return on equity of 21.51%. Amazon.com updated its Q3 2020
After-Hours guidance to EPS.

Shares of AMZN opened at $3,164.68 on Friday. The firm has a market cap of $1,522.20 billion, a PE ratio of 121.67, a PEG ratio of 5.62 and a beta of 1.32. The firm’s 50 day moving average price is $2,884.55 and its 200 day moving average price is $2,314.52. The company has a debt-to-equity ratio of 0.36, a quick ratio of 0.84 and a current ratio of 1.08. Amazon.com, Inc. has a twelve month low of $1,626.03 and a twelve month high of $3,344.29.

In related news, CEO Andrew R. Jassy sold 6,945 shares of the firm’s stock in a transaction that occurred on Monday, May 4th. The shares were sold at an average price of $2,256.50, for a total transaction of $15,671,392.50. Following the transaction, the chief executive officer now owns 93,105 shares of the company’s stock, valued at $210,091,432.50. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Director Indra K. Nooyi acquired 27 shares of the business’s stock in a transaction that occurred on Wednesday, July 1st. The shares were acquired at an average cost of $2,806.80 per share, for a total transaction of $75,783.60. Following the transaction, the director now owns 707 shares of the company’s stock, valued at approximately $1,984,407.60. The disclosure for this purchase can be found here. 16.10% of the stock is currently owned by company insiders.

AMZN has been the topic of a number of research reports. Mizuho increased their target price on shares of Amazon.com from $3,450.00 to $3,700.00 and gave the stock a “buy” rating in a report on Friday. DA Davidson increased their target price on shares of Amazon.com from $2,625.00 to $3,800.00 and gave the stock a “buy” rating in a report on Friday. Wolfe Research cut shares of Amazon.com to a “sell” rating and set a $1,987.00 target price on the stock. in a report on Monday, April 27th. Susquehanna Bancshares restated a “positive” rating and set a $3,000.00 price target (up previously from $2,500.00) on shares of Amazon.com in a research report on Friday, May 1st. Finally, China International Capital upped their price target on shares of Amazon.com from $1,850.00 to $2,162.00 in a research report on Wednesday, May 6th. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating, forty-five have given a buy rating and one has assigned a strong buy rating to the stock. Amazon.com has an average rating of “Buy” and an average price target of $3,240.51.

About Amazon.com

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 third-party sellers through physical stores and online stores.

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Earnings History for Amazon.com (NASDAQ:AMZN)

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