William Blair’s research analysts on equities have reduced their estimated EPS for the 2021 financial year for Amazon.com (NASDAQ: AMZN) in the report on 29th March, Monday. D. Carden, of William Blair, has given a new expected EPS of 38.71 USD compared to the previous 38.75 USD. The previous estimate was issued on 1st February.
Stock Commentary On AMZN
The online commerce giant had reported an EPS of 14.09 USD, overshooting the estimate of 7.05 USD by Zacks’ consensus by 7.04 USD. The firm had profited 125.56B USD for the financial quarter, more than the estimated 119.73B USD. The company had 4..99% net margin and 24.49% equity return. Amazon.com’s quarterly revenue had an increase of 43.6% over the previous year’s performance in the same year.
Quite a few other brokerages gave their comments on AMZN. Benchmark increased their target price to 4400 USD from 4000 USD and rated AMZN as a “buy” on 3rd February. KeyCorp also increased their target price to 3700 USD from 3500 USD and gave the “overweight” rating on 3rd February. Finally, JPMorgan Chase & Co. restated the “overweight” rating but increased the target price as well from 4155 USD to 4400 USD on 3rd February. As such, the stock has a general consensus of “buy” and an average price objective of 3924.51 USD.
AMZN’s lowest in one year is 3133.37 USD while the highest is 3552.25 USD. The moving average for 50 days is 3133.87 USD while for 200 days it is 3170.01 USD. Judith A. McGrath, the director, sold off 340 shares on February 4th with an average of 3328.25 USD per share.
Morgan Stanley, SB Management Ltd, Itau Unibanco Holding S. A., Norges Bank, and Great West Life Assurance Co. all increased their shares of AMZN.
