Q2 2024 EPS Estimates for Amazon.com, Inc. Raised by Zacks Research (NASDAQ:AMZN)

Amazon.com, Inc. (NASDAQ:AMZN) – Research analysts at Zacks Research upped their Q2 2024 EPS estimates for shares of Amazon.com in a report released on Tuesday, May 21st. Zacks Research analyst R. Department now forecasts that the e-commerce giant will post earnings per share of $0.93 for the quarter, up from their previous estimate of $0.83. The consensus estimate for Amazon.com’s current full-year earnings is $4.67 per share. Zacks Research also issued estimates for Amazon.com’s Q3 2024 earnings at $1.09 EPS, Q4 2024 earnings at $1.25 EPS, Q2 2025 earnings at $1.13 EPS, Q3 2025 earnings at $1.34 EPS, Q4 2025 earnings at $1.93 EPS, FY2025 earnings at $5.41 EPS, Q1 2026 earnings at $1.38 EPS and FY2026 earnings at $7.17 EPS.

AMZN has been the topic of several other reports. Evercore ISI increased their target price on shares of Amazon.com from $220.00 to $225.00 and gave the stock an “outperform” rating in a report on Wednesday, May 1st. Raymond James boosted their target price on Amazon.com from $200.00 to $205.00 and gave the company a “strong-buy” rating in a research note on Wednesday, May 1st. Deutsche Bank Aktiengesellschaft boosted their price objective on Amazon.com from $175.00 to $200.00 and gave the company a “buy” rating in a research report on Friday, February 2nd. Mizuho lifted their price target on shares of Amazon.com from $230.00 to $240.00 and gave the company a “buy” rating in a research note on Wednesday, May 1st. Finally, The Goldman Sachs Group increased their price objective on shares of Amazon.com from $220.00 to $225.00 and gave the stock a “buy” rating in a research report on Wednesday, May 1st. One research analyst has rated the stock with a hold rating, forty-four have issued a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Buy” and a consensus target price of $211.62.

Amazon.com Stock Performance

Shares of AMZN stock opened at $181.05 on Wednesday. The stock has a market cap of $1.88 trillion, a PE ratio of 50.71, a price-to-earnings-growth ratio of 1.32 and a beta of 1.15. The stock has a 50-day moving average of $181.91 and a 200-day moving average of $165.77. The company has a debt-to-equity ratio of 0.27, a current ratio of 1.07 and a quick ratio of 0.87. Amazon.com has a one year low of $114.31 and a one year high of $191.70.

Amazon.com (NASDAQ:AMZN) last posted its quarterly earnings results on Tuesday, April 30th. The e-commerce giant reported $0.98 earnings per share for the quarter, beating analysts’ consensus estimates of $0.83 by $0.15. Amazon.com had a return on equity of 19.86% and a net margin of 6.38%. The company had revenue of $143.31 billion for the quarter, compared to the consensus estimate of $142.65 billion. During the same quarter in the prior year, the business posted $0.31 EPS. The firm’s quarterly revenue was up 12.5% on a year-over-year basis.

Insider Activity

In other news, CEO Adam Selipsky sold 500 shares of the firm’s stock in a transaction on Thursday, March 21st. The shares were sold at an average price of $180.00, for a total transaction of $90,000.00. Following the completion of the transaction, the chief executive officer now owns 132,600 shares of the company’s stock, valued at $23,868,000. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. In related news, CEO Adam Selipsky sold 500 shares of Amazon.com stock in a transaction that occurred on Thursday, March 21st. The stock was sold at an average price of $180.00, for a total value of $90,000.00. Following the transaction, the chief executive officer now directly owns 132,600 shares of the company’s stock, valued at $23,868,000. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, VP Shelley Reynolds sold 2,700 shares of the stock in a transaction that occurred on Tuesday, May 21st. The shares were sold at an average price of $181.39, for a total transaction of $489,753.00. Following the sale, the vice president now directly owns 119,780 shares of the company’s stock, valued at approximately $21,726,894.20. The disclosure for this sale can be found here. Over the last three months, insiders have sold 117,894 shares of company stock valued at $21,363,909. 10.80% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the business. Cooksen Wealth LLC bought a new stake in Amazon.com in the fourth quarter valued at $30,000. PayPay Securities Corp increased its holdings in shares of Amazon.com by 54.3% during the third quarter. PayPay Securities Corp now owns 267 shares of the e-commerce giant’s stock valued at $34,000 after acquiring an additional 94 shares in the last quarter. E Fund Management Hong Kong Co. Ltd. raised its position in shares of Amazon.com by 45.0% during the fourth quarter. E Fund Management Hong Kong Co. Ltd. now owns 277 shares of the e-commerce giant’s stock worth $42,000 after purchasing an additional 86 shares during the period. Strid Group LLC acquired a new stake in Amazon.com in the 4th quarter valued at $43,000. Finally, Harbor Investment Advisory LLC increased its stake in Amazon.com by 0.7% during the 4th quarter. Harbor Investment Advisory LLC now owns 299,959 shares of the e-commerce giant’s stock valued at $46,000 after purchasing an additional 1,988 shares in the last quarter. 72.20% of the stock is owned by institutional investors.

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.