Amazon.com, Inc. (NASDAQ:AMZN) is one of those companies that investors have begun to folllow whether they hold shares or not. They have become so big, so fast, that they have begun to epitomize online retail as a whole. It’s not just retail though, that Amazon specializes in any longer. They now compete with the likes of Samsung and Apple with their mobile devices, Netflix and Hulu with their streaming video services and exclusive content, and even Google with their data storage. The company has become such a juggernaut over the past few years, at such a rapid rate, that many investors were left on the wayside while trying to decide of the company represented a good longterm investment.
This Thursday though, the company will release their much anticipated earnings report, and investors are wondering if they will surprise us. The consensus is expecting an Earnings Per Share of $1.63 on $35.98 billion in revenue. This is an astounding 22.7% increase year-over-year, yet investors will be disappointed if they don’t meet these staggering numbers. Thursday will be a big day, not only for shares of Amazon.com, Inc. (NASDAQ:AMZN) but for the market as a whole. Amazon’s numbers will be a signal in one direction or another about the health of the retail and internet space as of late. With China’s market in flux, good earnings by Amazon could help the entire market rebound a bit.
The stock is up 1.59% or $9.48 following the news, hitting $605.86 per share. About 1.13M shares traded hands. AMZN has risen 35.73% since June 18, 2015 and is uptrending. It has outperformed the S&P500 by 46.75%.
From a total of 26 analysts covering Amazon.com (NASDAQ:AMZN) stock, 22 rate it a “Buy”, 0 a “Sell”, and 4 a “Hold”. This means that 85% of the ratings are positive. The highest target price is $900.0 while the lowest target price is $525. The mean of all analyst targets is $734.31 which is 21.20% above today’s ($605.86) stock price. Amazon.com was the topic of 66 analyst reports since July 21, 2015 according to the firm StockzIntelligence Inc. Credit Suisse maintained shares on January 19 with a “Outperform” rating. M Partners initiated shares with a”Buy” rating and a $800.0 target share price in their report from a December 15. Monness Crespi & Hardt downgraded AMZN stock in a recent report from January 4 to a “Neutral” rating. Barclays Capital maintained the rating on December 1. Barclays Capital has a “Overweight” rating and a $850 price target on shares. Finally, Macquarie Research maintained the stock with a “Outperform” rating in a report they issued on a December 22.
The institutional sentiment increased to 1.49 in Q2 2015. It’s up 0.37, from 1.12 in 2015Q2. The ratio is positive, as 67 funds sold all their Amazon.com, Inc. shares they owned while 376 reduced their positions. 166 funds bought stakes while 493 increased their total positions. Institutions now own 325.29 million shares which is 4.94% more than the previous share count of 309.99 million in 2015Q2.
Huntington Steele Llc holds 23.61% of its total portfolio in Amazon.com, Inc., equating to 103,872 shares. Tiger Global Management Llc owns 3.19 million shares representing 20.13% of their total US portfolio. Moreover, Tybourne Capital Management Hk Ltd has 18.16% of their total portfolio invested in the company, equating to 504,001 shares. The Washington-based Brighton Jones Llc has a total of 17.93% of their portfolio invested in the stock. Telemark Asset Management Llc, a Massachusetts-based fund reported 100,000 shares owned.
Since May 4, 2015, the stock had 0 insider purchases, and 11 selling transactions for a total of $27.04 million in net activity. Stonesifer Patricia Q sold 6,250 shares worth $3.16M. Wilke Jeffrey A sold 5,908 shares worth $3.16M. Reynolds Shelley sold 720 shares worth $381,752. Olsavsky Brian T sold 2,098 shares worth $1.11M. The insider Zapolsky David sold 2,322 shares worth $1.23M.
Amazon.com, Inc. is an e-commerce company. The company has a market cap of $284.00 billion. The Firm sells a range of services and products through its Websites. It has 878.87 P/E ratio. The Company’s products are offered through consumer-facing Websites, which include merchandise and content that it purchases for resale from vendors and those offered by third-party sellers.