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

Amazon.com, Inc. (NASDAQ:AMZN) – Analysts at Zacks Research upped their FY2024 earnings per share estimates for Amazon.com in a report released on Tuesday, May 21st. Zacks Research analyst R. Department now anticipates that the e-commerce giant will post earnings of $4.41 per share for the year, up from their prior estimate of $3.69. The consensus estimate for Amazon.com’s current full-year earnings is $4.72 per share. Zacks Research also issued estimates for Amazon.com’s Q1 2025 earnings at $1.02 EPS.

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

Other equities analysts also recently issued reports about the company. Telsey Advisory Group increased their target price on Amazon.com from $200.00 to $215.00 and gave the stock an “outperform” rating in a research note on Wednesday, May 1st. Bank of America increased their target price on Amazon.com from $185.00 to $204.00 and gave the stock a “buy” rating in a research note on Friday, February 2nd. Canaccord Genuity Group increased their target price on Amazon.com from $185.00 to $200.00 and gave the stock a “buy” rating in a research note on Friday, February 2nd. DA Davidson reaffirmed a “buy” rating and issued a $235.00 price objective on shares of Amazon.com in a research note on Thursday, April 18th. Finally, JPMorgan Chase & Co. raised their price objective on Amazon.com from $225.00 to $240.00 and gave the company an “overweight” rating in a research note on Wednesday, May 1st. One investment analyst has rated the stock with a hold rating, forty-four have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Buy” and an average price target of $211.62.

Amazon.com Stock Down 0.2 %

Amazon.com stock opened at $180.75 on Thursday. Amazon.com has a twelve month low of $114.31 and a twelve month high of $191.70. The stock has a 50 day moving average of $182.04 and a two-hundred day moving average of $166.06. The company has a current ratio of 1.07, a quick ratio of 0.87 and a debt-to-equity ratio of 0.27. The stock has a market capitalization of $1.88 trillion, a price-to-earnings ratio of 50.63, a PEG ratio of 1.31 and a beta of 1.15.

Institutional Inflows and Outflows

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

Insider Activity at Amazon.com

In related news, CEO Andrew R. Jassy sold 50,000 shares of the business’s stock in a transaction on Monday, March 4th. The shares were sold at an average price of $180.00, for a total value of $9,000,000.00. Following the sale, the chief executive officer now directly owns 1,994,182 shares of the company’s stock, valued at approximately $358,952,760. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. In other Amazon.com news, CEO Andrew R. Jassy sold 50,000 shares of the business’s stock in a transaction dated Monday, March 4th. The shares were sold at an average price of $180.00, for a total transaction of $9,000,000.00. Following the sale, the chief executive officer now directly owns 1,994,182 shares of the company’s stock, valued at approximately $358,952,760. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, CEO Adam Selipsky sold 500 shares of the company’s stock in a transaction dated 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 sale, the chief executive officer now directly owns 132,600 shares in the company, valued at $23,868,000. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 117,894 shares of company stock valued at $21,363,909. 10.80% of the stock is owned by corporate insiders.

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.