Seaport Res Ptn Weighs in on Amazon.com, Inc.’s Q1 2024 Earnings (NASDAQ:AMZN)

Amazon.com, Inc. (NASDAQ:AMZNFree Report) – Stock analysts at Seaport Res Ptn boosted their Q1 2024 earnings estimates for Amazon.com in a research report issued on Monday, January 29th. Seaport Res Ptn analyst A. Kessler now forecasts that the e-commerce giant will post earnings of $0.71 per share for the quarter, up from their prior forecast of $0.66. The consensus estimate for Amazon.com’s current full-year earnings is $2.64 per share. Seaport Res Ptn also issued estimates for Amazon.com’s FY2025 earnings at $5.10 EPS.

AMZN has been the subject of a number of other research reports. Needham & Company LLC lifted their price objective on shares of Amazon.com from $160.00 to $175.00 and gave the stock a “buy” rating in a report on Friday, December 22nd. Wells Fargo & Company boosted their price target on shares of Amazon.com from $190.00 to $197.00 and gave the company an “overweight” rating in a report on Wednesday, January 17th. Barclays boosted their price target on shares of Amazon.com from $180.00 to $190.00 and gave the company an “overweight” rating in a report on Friday, October 27th. BMO Capital Markets assumed coverage on shares of Amazon.com in a report on Tuesday, January 9th. They set an “outperform” rating and a $200.00 price target for the company. Finally, HSBC assumed coverage on shares of Amazon.com in a report on Thursday, November 2nd. They set a “buy” rating and a $160.00 price target for the company. One research analyst has rated the stock with a hold rating, forty-one have issued a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Buy” and a consensus target price of $176.56.

View Our Latest Analysis on AMZN

Amazon.com Stock Performance

Amazon.com stock opened at $155.20 on Tuesday. The company has a market cap of $1.60 trillion, a PE ratio of 80.41, a P/E/G ratio of 1.54 and a beta of 1.16. The company has a fifty day moving average price of $151.26 and a two-hundred day moving average price of $140.34. The company has a debt-to-equity ratio of 0.33, a current ratio of 0.98 and a quick ratio of 0.74. Amazon.com has a 12 month low of $88.12 and a 12 month high of $161.73.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the business. Kavar Capital Partners Group LLC raised its stake in shares of Amazon.com by 7.6% in the first quarter. Kavar Capital Partners Group LLC now owns 1,121 shares of the e-commerce giant’s stock valued at $3,654,000 after purchasing an additional 79 shares in the last quarter. IFM Investors Pty Ltd raised its stake in shares of Amazon.com by 21.8% in the first quarter. IFM Investors Pty Ltd now owns 72,911 shares of the e-commerce giant’s stock valued at $237,686,000 after purchasing an additional 13,060 shares in the last quarter. Ironwood Wealth Management LLC. raised its stake in shares of Amazon.com by 0.8% in the first quarter. Ironwood Wealth Management LLC. now owns 1,810 shares of the e-commerce giant’s stock valued at $5,901,000 after purchasing an additional 15 shares in the last quarter. Markel Corp raised its stake in shares of Amazon.com by 0.6% in the first quarter. Markel Corp now owns 99,068 shares of the e-commerce giant’s stock valued at $322,956,000 after purchasing an additional 550 shares in the last quarter. Finally, Leelyn Smith LLC raised its stake in shares of Amazon.com by 24.8% in the first quarter. Leelyn Smith LLC now owns 2,721 shares of the e-commerce giant’s stock valued at $8,870,000 after purchasing an additional 540 shares in the last quarter. 57.96% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Amazon.com

In other Amazon.com news, CEO Adam Selipsky sold 10,756 shares of the company’s stock in a transaction that occurred on Wednesday, November 15th. The stock was sold at an average price of $144.60, for a total transaction of $1,555,317.60. Following the completion of the sale, the chief executive officer now owns 117,904 shares of the company’s stock, valued at $17,048,918.40. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In other Amazon.com news, CEO Adam Selipsky sold 10,756 shares of the company’s stock in a transaction that occurred on Wednesday, November 15th. The stock was sold at an average price of $144.60, for a total transaction of $1,555,317.60. Following the completion of the sale, the chief executive officer now owns 117,904 shares of the company’s stock, valued at $17,048,918.40. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Andrew R. Jassy sold 21,933 shares of the company’s stock in a transaction that occurred on Tuesday, November 21st. The stock was sold at an average price of $142.66, for a total value of $3,128,961.78. Following the sale, the chief executive officer now directly owns 2,064,055 shares of the company’s stock, valued at approximately $294,458,086.30. The disclosure for this sale can be found here. In the last quarter, insiders sold 61,829 shares of company stock valued at $8,877,353. 12.70% of the stock is owned by corporate insiders.

About Amazon.com

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Amazon.com, Inc engages in the retail sale of consumer products and subscriptions through online and physical stores in North America and internationally. It operates through three segments: North America, International, and Amazon Web Services (AWS). The company's products offered through its stores include merchandise and content purchased for resale; and products offered by third-party sellers.

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Earnings History and Estimates for Amazon.com (NASDAQ:AMZN)

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