Jefferies Financial Group Equities Analysts Cut Earnings Estimates for Amazon.com, Inc. (AMZN)

Amazon.com, Inc. (NASDAQ:AMZN) – Stock analysts at Jefferies Financial Group decreased their FY2018 earnings estimates for Amazon.com in a research report issued to clients and investors on Tuesday, October 23rd. Jefferies Financial Group analyst B. Thill now anticipates that the e-commerce giant will earn $17.60 per share for the year, down from their prior estimate of $18.35. Jefferies Financial Group currently has a “Buy” rating and a $2,260.00 target price on the stock. Jefferies Financial Group also issued estimates for Amazon.com’s Q4 2018 earnings at $6.05 EPS and FY2019 earnings at $23.49 EPS.

Amazon.com (NASDAQ:AMZN) last issued its quarterly earnings data on Thursday, October 25th. The e-commerce giant reported $5.75 EPS for the quarter, beating the consensus estimate of $3.29 by $2.46. Amazon.com had a return on equity of 18.47% and a net margin of 3.02%. The company had revenue of $56.58 billion for the quarter, compared to analyst estimates of $57.05 billion.

Several other analysts have also commented on the company. Bank of America reissued a “buy” rating on shares of Amazon.com in a report on Friday. Barclays dropped their price objective on Amazon.com from $2,100.00 to $1,950.00 and set an “overweight” rating on the stock in a report on Friday. Stifel Nicolaus reissued a “buy” rating and issued a $2,525.00 price objective (up from $2,400.00) on shares of Amazon.com in a report on Friday. Macquarie reissued a “buy” rating on shares of Amazon.com in a report on Friday. Finally, SunTrust Banks raised their price objective on Amazon.com to $2,250.00 and gave the company a “buy” rating in a report on Friday. Five equities research analysts have rated the stock with a hold rating and forty-eight have assigned a buy rating to the company. The stock has an average rating of “Buy” and a consensus price target of $2,037.57.

Shares of AMZN opened at $1,642.81 on Thursday. The company has a current ratio of 1.07, a quick ratio of 0.78 and a debt-to-equity ratio of 0.70. Amazon.com has a 12 month low of $1,050.55 and a 12 month high of $2,050.50. The company has a market capitalization of $872.72 billion, a price-to-earnings ratio of 361.06, a price-to-earnings-growth ratio of 3.73 and a beta of 1.58.

In other Amazon.com news, insider Jeffrey M. Blackburn sold 2,054 shares of the business’s stock in a transaction on Wednesday, August 15th. The stock was sold at an average price of $1,899.75, for a total transaction of $3,902,086.50. Following the transaction, the insider now owns 46,595 shares of the company’s stock, valued at $88,518,851.25. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, SVP David Zapolsky sold 1,927 shares of the business’s stock in a transaction on Wednesday, August 15th. The stock was sold at an average price of $1,899.96, for a total value of $3,661,222.92. Following the transaction, the senior vice president now directly owns 3,161 shares in the company, valued at approximately $6,005,773.56. The disclosure for this sale can be found here. Insiders have sold 25,308 shares of company stock worth $47,905,498 in the last three months. 16.30% of the stock is currently owned by corporate insiders.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in AMZN. Marcus Capital LLC raised its position in Amazon.com by 2.4% in the second quarter. Marcus Capital LLC now owns 1,171 shares of the e-commerce giant’s stock valued at $1,990,000 after purchasing an additional 27 shares during the period. Winthrop Advisory Group LLC raised its position in Amazon.com by 3.8% in the second quarter. Winthrop Advisory Group LLC now owns 744 shares of the e-commerce giant’s stock valued at $1,265,000 after purchasing an additional 27 shares during the period. AMI Investment Management Inc. raised its position in Amazon.com by 17.6% in the second quarter. AMI Investment Management Inc. now owns 180 shares of the e-commerce giant’s stock valued at $306,000 after purchasing an additional 27 shares during the period. BKD Wealth Advisors LLC raised its position in Amazon.com by 3.1% in the second quarter. BKD Wealth Advisors LLC now owns 943 shares of the e-commerce giant’s stock valued at $1,603,000 after purchasing an additional 28 shares during the period. Finally, Beaton Management Co. Inc. raised its position in Amazon.com by 2.8% in the second quarter. Beaton Management Co. Inc. now owns 1,024 shares of the e-commerce giant’s stock valued at $1,740,000 after purchasing an additional 28 shares during the period. 57.15% of the stock is currently owned by institutional investors.