Telsey Advisory Group Comments on Amazon.com, Inc.’s Q4 2024 Earnings (NASDAQ:AMZN)

Amazon.com, Inc. (NASDAQ:AMZN) – Equities research analysts at Telsey Advisory Group boosted their Q4 2024 EPS estimates for Amazon.com in a report issued on Friday, August 2nd. Telsey Advisory Group analyst J. Feldman now forecasts that the e-commerce giant will post earnings of $1.35 per share for the quarter, up from their previous forecast of $1.34. Telsey Advisory Group has a “Outperform” rating and a $215.00 price objective on the stock. The consensus estimate for Amazon.com’s current full-year earnings is $4.73 per share. Telsey Advisory Group also issued estimates for Amazon.com’s Q1 2025 earnings at $1.34 EPS, Q2 2025 earnings at $1.42 EPS, Q3 2025 earnings at $1.41 EPS, Q4 2025 earnings at $1.68 EPS and FY2025 earnings at $5.85 EPS.

Other equities analysts have also issued reports about the company. Needham & Company LLC raised their price target on Amazon.com from $205.00 to $210.00 and gave the stock a “buy” rating in a research report on Wednesday, July 17th. Barclays lifted their target price on shares of Amazon.com from $220.00 to $235.00 and gave the stock an “overweight” rating in a research note on Friday, August 2nd. Piper Sandler cut their price target on shares of Amazon.com from $220.00 to $215.00 and set an “overweight” rating on the stock in a report on Friday, August 2nd. Monness Crespi & Hardt boosted their target price on Amazon.com from $215.00 to $225.00 and gave the company a “buy” rating in a research note on Wednesday, May 1st. Finally, Oppenheimer raised their target price on shares of Amazon.com from $210.00 to $220.00 and gave the stock an “outperform” rating in a research report on Wednesday, May 1st. One analyst has rated the stock with a hold rating, forty-one have assigned a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, Amazon.com has a consensus rating of “Buy” and a consensus price target of $221.88.

Amazon.com Stock Up 0.6 %

AMZN opened at $161.93 on Monday. Amazon.com has a 12 month low of $118.35 and a 12 month high of $201.20. The company has a current ratio of 1.07, a quick ratio of 0.87 and a debt-to-equity ratio of 0.27. The business’s 50-day moving average price is $186.73 and its 200-day moving average price is $179.98. The company has a market cap of $1.69 trillion, a P/E ratio of 45.36, a P/E/G ratio of 1.32 and a beta of 1.15.

Institutional Investors Weigh In On Amazon.com

Hedge funds have recently modified their holdings of the business. PayPay Securities Corp raised its stake in shares of Amazon.com by 64.6% in the second quarter. PayPay Securities Corp now owns 163 shares of the e-commerce giant’s stock worth $32,000 after buying an additional 64 shares during the period. Cooksen Wealth LLC purchased a new stake in Amazon.com in the 4th quarter worth approximately $30,000. Strid Group LLC bought a new stake in Amazon.com during the 4th quarter worth approximately $43,000. Christopher J. Hasenberg Inc lifted its holdings in Amazon.com by 650.0% during the second quarter. Christopher J. Hasenberg Inc now owns 300 shares of the e-commerce giant’s stock valued at $58,000 after purchasing an additional 260 shares in the last quarter. Finally, Clarity Asset Management Inc. bought a new position in Amazon.com in the 4th quarter worth $46,000. Institutional investors own 72.20% of the company’s stock.

Insiders Place Their Bets

In other news, CEO Douglas J. Herrington sold 3,500 shares of the stock in a transaction on Thursday, August 1st. The stock was sold at an average price of $189.25, for a total transaction of $662,375.00. Following the transaction, the chief executive officer now directly owns 503,753 shares of the company’s stock, valued at approximately $95,335,255.25. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. In other Amazon.com news, CEO Douglas J. Herrington sold 3,500 shares of the business’s stock in a transaction dated Thursday, August 1st. The stock was sold at an average price of $189.25, for a total transaction of $662,375.00. Following the completion of the sale, the chief executive officer now directly owns 503,753 shares in the company, valued at approximately $95,335,255.25. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, insider Jeffrey P. Bezos sold 1,228,993 shares of the stock in a transaction that occurred on Monday, July 8th. The stock was sold at an average price of $200.36, for a total transaction of $246,241,037.48. Following the completion of the transaction, the insider now owns 930,696,284 shares in the company, valued at approximately $186,474,307,462.24. The disclosure for this sale can be found here. In the last quarter, insiders sold 6,111,990 shares of company stock valued at $1,222,095,188. Company insiders own 10.80% of the company’s stock.

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.