Amazon.com, Inc. (NASDAQ: AMZN) – William Blair Analysts Lower Q2 2024 EPS Estimates
On February 21st, analysts at William Blair revised their Q2 2024 earnings per share (EPS) projections for Amazon.com, Inc. (NASDAQ: AMZN), anticipating a decrease from $0.88 to $0.87. The consensus estimate for the current full-year earnings is $4.06 per share. William Blair also provided estimates for Q3 2024 earnings at $1.01 EPS, Q4 2024 earnings at $1.24 EPS, and FY2024 earnings at $3.85 EPS.
Other analysts have recently shared their perspectives on Amazon.com’s stock. Stifel Nicolaus, Benchmark, Oppenheimer, Needham & Company LLC, and Wells Fargo & Company all raised their price targets, with buy and outperform ratings.
As of Monday, AMZN stock traded at $174.99, showing a 0.2% increase. The company’s financials include a debt-to-equity ratio of 0.29, a current ratio of 1.05, and a quick ratio of 0.84. The fifty-day moving average is $159.13, and the two-hundred-day moving average is $144.86. Amazon.com’s market cap is $1.82 trillion, with a price-to-earnings ratio of 60.34, a price-to-earnings-growth ratio of 1.54, and a beta of 1.14.
In its latest earnings release on February 1st, Amazon.com reported $1.00 EPS for the quarter, surpassing the consensus estimate of $0.81 by $0.19. The company achieved a net margin of 5.29% and a return on equity of 16.61%, with quarterly revenue reaching $169.96 billion, exceeding analysts’ expectations of $165.96 billion. Year-over-year, the revenue was up by 13.9%.
Recent Insider Transactions and Hedge Fund Activity at Amazon.com
In recent developments, Amazon.com saw notable insider transactions. Vice President Shelley Reynolds sold 3,100 shares on February 21st at an average price of $168.97, totaling $523,807. Following the sale, Reynolds holds 119,780 shares valued at $20,239,226.60. Additionally, CEO Adam Selipsky sold 500 shares on December 21st at an average price of $153.20, with a total value of $76,600. Post-transaction, Selipsky now owns 119,560 shares valued at $18,316,592. Both transactions were disclosed through SEC filings.
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Over the past three months, insiders at Amazon.com have collectively sold 32,155,454 shares, amounting to $5,495,283,506. Insider ownership now stands at 12.30% of the company’s stock.
Turning to institutional investors, several have adjusted their holdings in the company. Mayflower Financial Advisors LLC increased its stake by 0.3% in the 3rd quarter, owning 194,762 shares. Laurel Wealth Planning LLC saw a significant growth of 1,900.0% in the 2nd quarter, now holding 320 shares. PayPay Securities Corp increased its stake by 54.3% in the 3rd quarter, owning 267 shares. Sanctuary Wealth Management L.L.C. and Swaine & Leidel Wealth Services LLC also entered positions in the 4th and 1st quarters, respectively.
Currently, 57.96% of Amazon.com’s stock is owned by institutional investors and hedge funds.
Company Overview: Amazon.com, Inc. is engaged in the retail sale of consumer products and subscriptions through online and physical stores worldwide. It operates in three segments: North America, International, and Amazon Web Services (AWS). The company’s product offerings include merchandise, content for resale, and products from third-party sellers.”
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