Amazon Raises Price of Prime by $20 for Annual Membership

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While Amazon's stock has performed well, any individual stock can over- or under-perform and past returns do not predict future results.

Chief Financial Officer Brian Olsavsky revealed the change in a conference call following the release of Amazon's first-quarter earnings., Inc engages in the retail sale of consumer products and subscriptions in North America and internationally. Whitnell & Co. now owns 109 shares of the e-commerce giant's stock worth $105,000 after purchasing an additional 93 shares during the period. Taylor Hoffman Wealth Management purchased a new stake in shares of during the 4th quarter worth $108,000. Taylor Hoffman Wealth Management acquired a new position in shares of in the 4th quarter valued at $108,000. (NASDAQ:AMZN). Moreover, Jones Collombin Counsel Inc has 1.2% invested in, Inc.

AMZN traded up $54.66 during midday trading on Friday, hitting $1,572.62. The stock has a market cap of $736,164.69, a PE ratio of 345.63, a price-to-earnings-growth ratio of 6.55 and a beta of 1.59.

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Further, the company reports $724 million in net income, or $1.48 per diluted share, during Q1 for 2017; this year's Q1, however, came in at $1.6 billion, or $3.27 per diluted share. has $2020 highest and $1220.0 lowest target.

(NASDAQ:AMZN) last announced its quarterly earnings data on Thursday, April 26th.

Sales jumped 43 per cent to US$51 billion in the first quarter, topping estimates of US$49.8 billion, according to Thomson Reuters.

What is quite interesting about the timing of this announcement is that Amazon just released their first quarter numbers for 2018 and they made $1.6 billion in profits (more than double the amount from a year ago at the same time). The company's revenue was up 42.9% on a year-over-year basis. equities research analysts anticipate that will post 8.65 EPS for the current fiscal year.

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In other news, VP Shelley Reynolds sold 544 shares of the business's stock in a transaction dated Thursday, February 15th. The shares were sold at an average price of $1,462.32, for a total value of $795,502.08. WILKE JEFFREY A also sold $387,475 worth of, Inc. Martin Sorrell, the founder of the world's largest advertising company WPP, who stepped down in mid-April, last month saw Amazon in "head-to-head" competition with Google and Facebook.

A number of brokerages have recently commented on AMZN.

It should come as little surprise that monthly subscribers aren't affected by this latest Amazon Prime price increase. On Friday, February 2 the stock rating was maintained by JMP Securities with "Market Outperform". Piper Jaffray increased their target price on shares of to $1,850.00 and gave the company an "overweight" rating in a research note on Friday. In 2014 the cost went from $79 to $99. now has a consensus rating of "Buy" and an average price target of $1,639.01.

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