"We view AMZN's ability to dig its selling, general and administrative expenses (SG&A) moat as dependent on GM rate expansion and with product costs unlikely to ease, mix shift to higher margin segments is key to GM expansion, which is key to SG&A reinvestment". The brokerage now has a $1,950.00 target price on the e-commerce giant's stock, up from their prior target price of $1,800.00. The PT would indicate a potential upside of 6.52% from firm's last stock close. Two equities research analysts have rated the stock with a hold rating, fifty-one have given a buy rating and one has given a strong buy rating to the stock. During the quarter, it started adding one- and two-hour delivery from its newly acquired Whole Foods Market grocery stores in a handful of markets, as well as gearing up for the launches this week of Echo devices for children and the ability to deliver to customers' cars.
Net sales were $51.04 billion versus $35.71 billion in the year-previous period. $1417.88's average target is -11.16% below currents $1595.99 stock price. As a reminder, we haven't increased the USA annual price of Prime since our single increase, which was in March of 2014.
Shares of AMZN stock traded up $54.66 on Friday, hitting $1,572.62. The company has a market cap of $736,164.69, a price-to-earnings ratio of 345.63, a PEG ratio of 6.55 and a beta of 1.59.
Shares of Amazon jumped to an all-time high of $1,638.10 following its stellar earnings report Friday, fueled by earnings more than double what Wall Street had expected. The e-commerce giant reported $3.27 earnings per share for the quarter, topping the Zacks' consensus estimate of $1.80 by $1.47. The company's revenue was up 42.9% on a year-over-year basis.
In other news, VP Shelley Reynolds sold 544 shares of the business's stock in a transaction that occurred on Thursday, February 15th. 1,985 shares valued at $2.90M were sold by Jassy Andrew R on Thursday, February 15. 500 shares were sold by WILKE JEFFREY A, worth $788,924 on Tuesday, March 20. The shares were sold at an average price of $1,462.32, for a total value of $795,502.08. Corporate insiders own 17.70% of the company's stock.
A number of brokerages have recently commented on AMZN.
The blockbuster profits come as the company and its chief executive have been criticized by President Donald Trump, who has tweeted several times that the company doesn't pay enough taxes, should pay the U.S. Postal Service more for shipping, and that The Washington Post, owned by Amazon founder and CEO Jeff Bezos, is a lobbyist for the company.