SunTrust Banks reaffirmed their buy rating on shares of Amazon.com (NASDAQ:AMZN) in a research report report published on Monday, June 4th. The brokerage currently has a $2,000.00 target price on the e-commerce giant’s stock, up from their previous target price of $1,900.00. SunTrust Banks also issued estimates for Amazon.com’s Q2 2018 earnings at $2.25 EPS, Q3 2018 earnings at $2.99 EPS, Q4 2018 earnings at $5.76 EPS, FY2018 earnings at $13.82 EPS, FY2019 earnings at $25.02 EPS, FY2020 earnings at $44.12 EPS, FY2021 earnings at $68.45 EPS and FY2022 earnings at $98.87 EPS.
A number of other research analysts have also weighed in on the company. Oppenheimer reaffirmed a buy rating on shares of Amazon.com in a research report on Friday, June 1st. BidaskClub upgraded Amazon.com from a buy rating to a strong-buy rating in a research note on Thursday, May 31st. MKM Partners increased their target price on Amazon.com to $1,840.00 and gave the company a buy rating in a research note on Tuesday, May 29th. Morgan Stanley reiterated a buy rating on shares of Amazon.com in a research note on Friday, May 18th. Finally, Telsey Advisory Group initiated coverage on Amazon.com in a research note on Monday, May 7th. They set an outperform rating and a $1,900.00 target price on the stock. Two investment analysts have rated the stock with a hold rating, fifty-two have issued a buy rating and one has given a strong buy rating to the stock. The stock presently has an average rating of Buy and an average target price of $1,710.90.
Amazon.com opened at $1,704.86 on Monday, Marketbeat reports. Amazon.com has a twelve month low of $931.75 and a twelve month high of $1,714.50. The company has a debt-to-equity ratio of 0.78, a current ratio of 1.06 and a quick ratio of 0.77. The company has a market cap of $819.61 billion, a P/E ratio of 374.69, a P/E/G ratio of 4.39 and a beta of 1.59.
Amazon.com (NASDAQ:AMZN) last posted its quarterly earnings data on Thursday, April 26th. The e-commerce giant reported $3.27 earnings per share for the quarter, beating the Zacks’ consensus estimate of $1.80 by $1.47. Amazon.com had a return on equity of 11.77% and a net margin of 2.04%. The company had revenue of $51.04 billion during the quarter, compared to analyst estimates of $49.94 billion. During the same quarter last year, the company earned $1.48 EPS. The firm’s revenue for the quarter was up 42.9% on a year-over-year basis. equities research analysts forecast that Amazon.com will post 12.73 earnings per share for the current fiscal year.
In related news, CEO Andrew R. Jassy sold 1,726 shares of the business’s stock in a transaction that occurred on Tuesday, May 15th. The stock was sold at an average price of $1,574.33, for a total value of $2,717,293.58. Following the completion of the sale, the chief executive officer now owns 86,419 shares in the company, valued at $136,052,024.27. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, SVP Jeffrey M. Blackburn sold 2,054 shares of the business’s stock in a transaction that occurred on Tuesday, May 15th. The shares were sold at an average price of $1,574.11, for a total value of $3,233,221.94. Following the completion of the sale, the senior vice president now owns 44,541 shares of the company’s stock, valued at approximately $70,112,433.51. The disclosure for this sale can be found here. Insiders have sold 10,993 shares of company stock valued at $17,357,939 in the last 90 days. Company insiders own 16.30% of the company’s stock.
Several hedge funds and other institutional investors have recently made changes to their positions in the stock. Lee Financial Co raised its stake in Amazon.com by 154.3% in the first quarter. Lee Financial Co now owns 89 shares of the e-commerce giant’s stock worth $129,000 after buying an additional 54 shares in the last quarter. Santori & Peters Inc. bought a new position in Amazon.com in the fourth quarter worth approximately $121,000. Taylor Hoffman Wealth Management acquired a new position in shares of Amazon.com during the fourth quarter worth $108,000. Point72 Asia Hong Kong Ltd acquired a new position in shares of Amazon.com during the first quarter worth $145,000. Finally, Portfolio Solutions LLC acquired a new position in shares of Amazon.com during the fourth quarter worth $119,000. Hedge funds and other institutional investors own 56.76% of the company’s stock.
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 vendors, as well as those offered by third-party sellers through physical stores and retail Websites, such as amazon.com, amazon.ca, amazon.com.mx, amazon.com.au, amazon.com.br, amazon.cn, amazon.fr, amazon.de, amazon.in, amazon.it, amazon.co.jp, amazon.nl, amazon.es, and amazon.co.uk.
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