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Amazon.com (NASDAQ:AMZN) Releases Quarterly Earnings Results, Misses Estimates By $0.12 EPS

Financial News Live · Feb 4, 2023 12:01

Amazon.com, Inc. (NASDAQ:AMZN) issued its earnings results on Thursday. The e-commerce giant reported $0.03 earnings per share for the quarter, missing analysts' consensus estimates of $0.15 by ($0.12), Briefing.com reports. The company had revenue of $149.20 billion for the quarter, compared to the consensus estimate of $145.72 billion. Amazon.com had a positive return on equity of 5.44% and a negative net margin of 0.53%. Amazon.com's revenue was up 8.6% compared to the same quarter last year. During the same quarter in the prior year, the company posted $1.39 EPS. Amazon.com updated its Q1 2023 guidance to EPS.

Amazon.com Price Performance

Shares of AMZN stock opened at $103.39 on Friday. The stock's 50-day moving average is $92.06 and its 200 day moving average is $109.51. Amazon.com, Inc. has a 1-year low of $81.43 and a 1-year high of $170.83. The company has a debt-to-equity ratio of 0.43, a current ratio of 0.94 and a quick ratio of 0.68. The company has a market cap of $1.05 trillion, a P/E ratio of -385.77, a PEG ratio of 3.97 and a beta of 1.22.

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Analyst Upgrades and Downgrades

A number of research analysts have recently weighed in on AMZN shares. Deutsche Bank Aktiengesellschaft cut their price objective on Amazon.com from $150.00 to $130.00 and set a "buy" rating for the company in a research report on Friday, October 28th. MKM Partners decreased their price objective on Amazon.com from $145.00 to $125.00 and set a "buy" rating on the stock in a report on Wednesday, January 18th. Morgan Stanley raised their target price on shares of Amazon.com from $140.00 to $150.00 and gave the company an "overweight" rating in a report on Friday. DA Davidson boosted their price target on shares of Amazon.com from $114.00 to $134.00 and gave the stock a "buy" rating in a research report on Friday. Finally, Moffett Nathanson started coverage on shares of Amazon.com in a research report on Tuesday, November 15th. They set an "outperform" rating and a $118.00 price objective for the company. Two analysts have rated the stock with a sell rating, three have assigned a hold rating and forty-two have given a buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average target price of $146.22.

Insiders Place Their Bets

In other news, CEO Douglas J. Herrington sold 7,456 shares of the firm's stock in a transaction dated Monday, November 21st. The shares were sold at an average price of $94.00, for a total value of $700,864.00. Following the sale, the chief executive officer now directly owns 533,435 shares in the company, valued at approximately $50,142,890. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In other news, CEO Douglas J. Herrington sold 7,456 shares of the firm's stock in a transaction on Monday, November 21st. The stock was sold at an average price of $94.00, for a total value of $700,864.00. Following the completion of the sale, the chief executive officer now owns 533,435 shares of the company's stock, valued at approximately $50,142,890. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Douglas J. Herrington sold 15,787 shares of the company's stock in a transaction dated Tuesday, November 15th. The shares were sold at an average price of $103.10, for a total value of $1,627,639.70. Following the transaction, the chief executive officer now directly owns 522,251 shares in the company, valued at $53,844,078.10. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 52,083 shares of company stock worth $5,042,388. 12.70% of the stock is owned by corporate insiders.

Institutional Trading of Amazon.com

Several large investors have recently bought and sold shares of AMZN. RBO & Co. LLC raised its stake in Amazon.com by 1,900.0% in the 2nd quarter. RBO & Co. LLC now owns 1,940 shares of the e-commerce giant's stock worth $206,000 after acquiring an additional 1,843 shares during the last quarter. Kelman Lazarov Inc. raised its position in Amazon.com by 1,900.0% during the 2nd quarter. Kelman Lazarov Inc. now owns 1,920 shares of the e-commerce giant's stock worth $204,000 after buying an additional 1,824 shares during the last quarter. Eubel Brady & Suttman Asset Management Inc. lifted its stake in Amazon.com by 2,046.6% during the 2nd quarter. Eubel Brady & Suttman Asset Management Inc. now owns 1,889 shares of the e-commerce giant's stock valued at $201,000 after acquiring an additional 1,801 shares during the period. Worth Asset Management LLC purchased a new stake in shares of Amazon.com in the 1st quarter valued at $191,000. Finally, Bivin & Associates Inc. raised its holdings in shares of Amazon.com by 2,513.6% during the second quarter. Bivin & Associates Inc. now owns 1,150 shares of the e-commerce giant's stock worth $122,000 after purchasing an additional 1,106 shares during the last quarter. Hedge funds and other institutional investors own 57.64% of the company's stock.

Amazon.com Company Profile

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Amazon.com, Inc is a multinational technology company, which engages in the provision of online retail shopping services. It operates through the following business segments: North America, International, and Amazon Web Services (AWS). The North America segment includes retail sales of consumer products and subscriptions through North American-focused websites such as and .