Amazon.com, Inc. (NASDAQ:AMZN) announced its quarterly earnings data on Thursday. The e-commerce giant reported $10.30 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.74 by $8.56, MarketWatch Earnings reports. The firm had revenue of $88.91 billion for the quarter, compared to the consensus estimate 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.
Amazon.com stock opened at $3,164.68 on Friday. The company has a market capitalization of $1,578.47 billion, a PE ratio of 121.67, a PEG ratio of 5.83 and a beta of 1.32. Amazon.com, Inc. has a 12-month low of $1,626.03 and a 12-month high of $3,344.29. The firm’s fifty day moving average is $2,884.55 and its 200 day moving average is $2,314.52. The company has a quick ratio of 0.84, a current ratio of 1.08 and a debt-to-equity ratio of 0.36.
Several research firms recently issued reports on AMZN. Credit Suisse Group increased their price target on shares of Amazon.com from $3,400.00 to $3,680.00 and gave the stock an “outperform” rating in a research report on Friday. Stifel Nicolaus raised their target price on Amazon.com from $3,300.00 to $3,500.00 and gave the company a “buy” rating in a report on Friday. MKM Partners boosted their price target on Amazon.com from $3,550.00 to $3,650.00 in a report on Friday. Monness Crespi & Hardt raised their price objective on Amazon.com from $3,500.00 to $3,750.00 and gave the company a “buy” rating in a research note on Friday. Finally, Wolfe Research cut Amazon.com to a “sell” rating and set a $1,987.00 target price on the stock. in a research report on Monday, April 27th. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating, forty-five have assigned a buy rating and one has given a strong buy rating to the stock. The stock presently has a consensus rating of “Buy” and an average price target of $3,240.51.
In related news, Director Patricia Q. Stonesifer sold 2,200 shares of the company’s stock in a transaction that occurred on Wednesday, May 6th. The stock was sold at an average price of $2,329.44, for a total transaction of $5,124,768.00. Following the transaction, the director now directly owns 4,645 shares of the company’s stock, valued at approximately $10,820,248.80. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, Director Indra K. Nooyi purchased 27 shares of the business’s stock in a transaction on Wednesday, July 1st. The stock was purchased at an average price of $2,806.80 per share, for a total transaction of $75,783.60. Following the acquisition, 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. Company insiders own 16.10% 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 third-party sellers through physical stores and online stores.
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