William Blair Forecasts Stronger Earnings for Amazon.com

Amazon.com, Inc. (NASDAQ:AMZN) – Investment analysts at William Blair increased their FY2024 earnings per share (EPS) estimates for Amazon.com in a research note issued on Thursday, October 31st. William Blair analyst D. Carden now expects that the e-commerce giant will post earnings of $5.20 per share for the year, up from their previous forecast of $4.79. The consensus estimate for Amazon.com’s current full-year earnings is $4.84 per share. William Blair also issued estimates for Amazon.com’s Q1 2025 earnings at $1.38 EPS, Q2 2025 earnings at $1.37 EPS, Q3 2025 earnings at $1.55 EPS and Q4 2025 earnings at $1.65 EPS.

Amazon.com (NASDAQ:AMZN) last posted its earnings results on Thursday, October 31st. The e-commerce giant reported $1.43 earnings per share for the quarter, topping the consensus estimate of $1.14 by $0.29. The firm had revenue of $158.88 billion during the quarter, compared to analysts’ expectations of $157.28 billion. Amazon.com had a return on equity of 23.46% and a net margin of 8.04%. The firm’s revenue was up 11.0% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.85 earnings per share.

Several other research firms have also recently weighed in on AMZN. Needham & Company LLC restated a “buy” rating and set a $210.00 target price on shares of Amazon.com in a research note on Friday. Roth Mkm lifted their price target on Amazon.com from $210.00 to $215.00 and gave the stock a “buy” rating in a research report on Friday, August 2nd. Pivotal Research assumed coverage on Amazon.com in a research report on Friday, October 11th. They set a “buy” rating and a $260.00 price target on the stock. Sanford C. Bernstein lifted their price target on Amazon.com from $225.00 to $235.00 and gave the stock an “outperform” rating in a research report on Friday. Finally, Deutsche Bank Aktiengesellschaft lifted their price target on Amazon.com from $225.00 to $232.00 and gave the stock a “buy” rating in a research report on Friday. Two analysts have rated the stock with a hold rating, forty have issued a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $246.48.

Amazon.com Price Performance

AMZN stock opened at $195.78 on Monday. The business has a 50 day moving average price of $185.23 and a 200 day moving average price of $183.89. The stock has a market cap of $2.05 trillion, a price-to-earnings ratio of 41.92, a PEG ratio of 1.42 and a beta of 1.14. Amazon.com has a fifty-two week low of $138.36 and a fifty-two week high of $201.20. The company has a quick ratio of 0.88, a current ratio of 1.10 and a debt-to-equity ratio of 0.23.

Insiders Place Their Bets

In other Amazon.com news, SVP David Zapolsky sold 2,190 shares of the business’s stock in a transaction on Tuesday, September 24th. The stock was sold at an average price of $195.00, for a total transaction of $427,050.00. Following the sale, the senior vice president now directly owns 62,420 shares in the company, valued at approximately $12,171,900. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In other news, VP Shelley Reynolds sold 3,791 shares of the company’s stock in a transaction on Wednesday, August 21st. The stock was sold at an average price of $181.04, for a total value of $686,322.64. Following the sale, the vice president now directly owns 121,461 shares in the company, valued at $21,989,299.44. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, SVP David Zapolsky sold 2,190 shares of the company’s stock in a transaction on Tuesday, September 24th. The shares were sold at an average price of $195.00, for a total value of $427,050.00. Following the completion of the sale, the senior vice president now owns 62,420 shares in the company, valued at $12,171,900. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 50,855 shares of company stock worth $9,215,048. 10.80% of the stock is owned by corporate insiders.

Institutional Trading of Amazon.com

Several institutional investors and hedge funds have recently made changes to their positions in the stock. Laffer Tengler Investments Inc. lifted its position in shares of Amazon.com by 7.2% in the third quarter. Laffer Tengler Investments Inc. now owns 46,512 shares of the e-commerce giant’s stock valued at $8,667,000 after acquiring an additional 3,142 shares in the last quarter. tru Independence LLC lifted its position in Amazon.com by 5.9% during the third quarter. tru Independence LLC now owns 3,643 shares of the e-commerce giant’s stock worth $679,000 after buying an additional 202 shares during the period. Buckingham Capital Management Inc. lifted its position in Amazon.com by 0.3% during the third quarter. Buckingham Capital Management Inc. now owns 106,016 shares of the e-commerce giant’s stock worth $19,754,000 after buying an additional 334 shares during the period. Jupiter Wealth Management LLC lifted its position in Amazon.com by 3.9% during the third quarter. Jupiter Wealth Management LLC now owns 29,666 shares of the e-commerce giant’s stock worth $5,528,000 after buying an additional 1,117 shares during the period. Finally, Venturi Wealth Management LLC lifted its position in Amazon.com by 19.2% during the third quarter. Venturi Wealth Management LLC now owns 63,147 shares of the e-commerce giant’s stock worth $11,766,000 after buying an additional 10,158 shares during the period. 72.20% of the stock is currently owned by hedge funds and other institutional investors.

About Amazon.com

Amazon.com, Inc engages in the retail sale of consumer products, advertising, and subscriptions service through online and physical stores in North America and internationally. The company operates through three segments: North America, International, and Amazon Web Services (AWS). It also manufactures and sells electronic devices, including Kindle, Fire tablets, Fire TVs, Echo, Ring, Blink, and eero; and develops and produces media content.