Chief Financial Officer Brian Olsavsky revealed the change in a conference call following the release of Amazon's first-quarter earnings.
Amazon.com, 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 Amazon.com during the 4th quarter worth $108,000. Taylor Hoffman Wealth Management acquired a new position in shares of Amazon.com in the 4th quarter valued at $108,000. (NASDAQ:AMZN). Moreover, Jones Collombin Counsel Inc has 1.2% invested in Amazon.com, 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. Amazon.com has $2020 highest and $1220.0 lowest target.
(NASDAQ:AMZN) last announced its quarterly earnings data on Thursday, April 26th.
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 Amazon.com will post 8.65 EPS for the current fiscal year.
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"Some people can make the difference between moments of unhappiness and global satisfaction for what I brought to the club". Asked if he was sure that he was doing the right thing, Wenger said: "You are never sure if you do the right thing".
In other Amazon.com 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 Amazon.com, 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 Amazon.com 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. Amazon.com now has a consensus rating of "Buy" and an average price target of $1,639.01.
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