Amazon.com Inc. (NASDAQ:AMZN) – Analysts at SunTrust Banks upped their Q3 2016 earnings estimates for Amazon.com in a report issued on Wednesday. SunTrust Banks analyst R. Peck now forecasts that the firm will post earnings per share of $0.83 for the quarter, up from their prior estimate of $0.63. SunTrust Banks has a “Neutral” rating and a $850.00 price target on the stock. SunTrust Banks also issued estimates for Amazon.com’s Q4 2016 earnings at $2.26 EPS, FY2016 earnings at $5.94 EPS, FY2017 earnings at $11.11 EPS and FY2018 earnings at $17.68 EPS.

Several other brokerages have also weighed in on AMZN. Vetr raised Amazon.com from a “hold” rating to a “buy” rating and set a $880.16 price objective for the company in a report on Thursday. Zacks Investment Research raised Amazon.com from a “hold” rating to a “strong-buy” rating and set a $968.00 price objective for the company in a report on Friday. Piper Jaffray Cos. reissued an “overweight” rating and issued a $900.00 price objective on shares of Amazon.com in a report on Tuesday. Canaccord Genuity reissued a “buy” rating and issued a $825.00 price objective on shares of Amazon.com in a report on Tuesday. Finally, Morgan Stanley boosted their price objective on Amazon.com from $800.00 to $950.00 and gave the company an “overweight” rating in a report on Wednesday. Five analysts have rated the stock with a hold rating, forty-six have given a buy rating and one has given a strong buy rating to the stock. The company currently has a consensus rating of “Buy” and an average target price of $891.31.

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

Amazon.com (NASDAQ:AMZN) traded down 0.36% during mid-day trading on Friday, hitting $838.67. The stock had a trading volume of 1,145,390 shares. Amazon.com has a 12-month low of $474.00 and a 12-month high of $847.21. The company has a 50-day moving average of $787.49 and a 200-day moving average of $716.23. The stock has a market cap of $397.59 billion, a price-to-earnings ratio of 208.57 and a beta of 1.20.

Amazon.com (NASDAQ:AMZN) last posted its quarterly earnings results on Thursday, July 28th. The e-commerce giant reported $1.78 EPS for the quarter, beating the consensus estimate of $1.11 by $0.67. The business earned $30.40 billion during the quarter, compared to analysts’ expectations of $29.54 billion. Amazon.com had a return on equity of 13.52% and a net margin of 1.60%. The company’s quarterly revenue was up 31.1% compared to the same quarter last year. During the same period last year, the firm earned $0.19 EPS.

Several large investors have recently added to or reduced their stakes in AMZN. LPL Financial LLC boosted its stake in Amazon.com by 24.5% in the first quarter. LPL Financial LLC now owns 105,035 shares of the e-commerce giant’s stock valued at $61,567,000 after buying an additional 20,700 shares during the last quarter. Acadian Asset Management LLC boosted its stake in Amazon.com by 9.0% in the second quarter. Acadian Asset Management LLC now owns 117,216 shares of the e-commerce giant’s stock valued at $83,882,000 after buying an additional 9,640 shares during the last quarter. Prudential PLC boosted its stake in Amazon.com by 5.7% in the first quarter. Prudential PLC now owns 105,738 shares of the e-commerce giant’s stock valued at $62,771,000 after buying an additional 5,657 shares during the last quarter. Suvretta Capital Management LLC bought a new stake in Amazon.com during the first quarter valued at $147,407,000. Finally, British Columbia Investment Management Corp boosted its stake in Amazon.com by 1.3% in the second quarter. British Columbia Investment Management Corp now owns 204,723 shares of the e-commerce giant’s stock valued at $146,504,000 after buying an additional 2,602 shares during the last quarter. Institutional investors and hedge funds own 65.44% of the company’s stock.

In related news, CEO Andrew R. Jassy sold 14,000 shares of the stock in a transaction dated Thursday, September 22nd. The shares were sold at an average price of $800.00, for a total value of $11,200,000.00. Following the completion of the sale, the chief executive officer now owns 68,141 shares in the company, valued at $54,512,800. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, VP Shelley Reynolds sold 625 shares of the stock in a transaction dated Monday, August 15th. The shares were sold at an average price of $770.10, for a total transaction of $481,312.50. Following the completion of the sale, the vice president now owns 6,519 shares of the company’s stock, valued at approximately $5,020,281.90. The disclosure for this sale can be found here. 17.70% of the stock is currently owned by corporate insiders.

Amazon.com Company Profile

Amazon.com, Inc offers a range of products and services through its Websites. The Company’s products include merchandise and content that it purchases for resale from vendors and those offered by third-party sellers. The Company has three segments: North America, International and Amazon Web Services (AWS).

5 Day Chart for NASDAQ:AMZN

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