Prime Price Hike Gives Amazon Warchest for Fight Over Postal Costs

29 April, 2018, 01:03 | Author: Kathy Ellis
  • Amazon Prime Video Logo

The PT would indicate a potential upside of 6.52% from firm's last stock close.

The world's largest eRetailer also added USA football games. Citigroup reiterated a buy rating and issued a $1,400.00 target price (up from $1,250.00) on shares of Amazon.com in a research report on Friday, January 5th. Susquehanna Bancshares increased their target price on Amazon.com from $1,850.00 to $2,000.00 in a report on Friday.

If you are among the folks who can't or won't leave Prime over a 20 percent price hike, my advice is to make sure you're getting as much out of your membership as possible. The stock closed up 3.6 percent. The company had a trading volume of 13,024,104 shares, compared to its average volume of 5,571,004. The stock has a market capitalization 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.

Beat earnings estimates. The company posted adjusted earnings of $3.27 per share, crushing the Zacks Consensus Estimate of $1.22 per share. Amazon.com has $2000.0 highest and $105 lowest target.

(NASDAQ:AMZN) last issued its earnings results on Thursday, April 26th. Meanwhile, the e-commerce giant's quarterly earnings skyrocketed from $1.48 per share.

European Central Bank holds rates steady and reaffirms ultra-easy monetary policy
But with the risk of a global trade war still looming, it may not make a decision until absolutely necessary. At a press conference, ECB President Mario Draghi admitted some moderation of the Eurozone economy.

Overall revenue jumped 43 percent to $51 billion, beating the $49.9 billion analysts expected. Tiaa Cref Investment Mngmt Ltd Limited Liability Company has invested 2.08% of its portfolio in Amazon.com, Inc. The company's revenue was up 42.9% on a year-over-year basis.

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 previous year at the same time).

In other Amazon.com news, VP Shelley Reynolds sold 544 shares of the business's stock in a transaction on Thursday, February 15th. 1,985 shares valued at $2.90M were sold by Jassy Andrew R on Thursday, February 15. The shares were sold at an average price of $1,462.32, for a total value of $795,502.08. Institutional investors and hedge funds own 60.24% of the company's stock. The disclosure for this sale can be found here. Bessemer Group Inc. owned approximately 0.10% of Amazon.com worth $545,049,000 as of its most recent filing with the SEC. Vestor Capital LLC boosted its position in shares of Amazon.com by 10.1% in the 2nd quarter.

Amazon.com Inc's expanding business of selling space on its site to merchants helped it double profits on 26 April, and some see the move as a step toward taking advertising dollars from Google and Facebook Inc.

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