Amazon Stock Drops on Holiday Sales Miss

Despite the less-than-stellar revenue and guidance, several analysts remained bullish on Amazon shares following the results. These costs, among others, contributed to a bit of investor disappointment today, when the company's revenue for the period between October and December of previous year came in slightly under Wall Street expectations. (NYSE:GG) might hit $18.03, however, the High Price Target and Low price Target are $28 and $14.5, respectively.

At least six brokerages cut their price targets on the stock, bringing the median target price to $925. The stock's current distance from 20-Day Simple Moving Average (SMA20) is 3.51% where SMA50 and SMA200 are 7.2% and 10.98% respectively. The Company has gross margin of 34.60% and profit margin was positive 1.60% in trailing twelve months.

CEO Jeff Bezos put emphasis on Amazon Prime, saying in a statement that "tens of millions of new paid members joined the program in just this past year".

Inc. on Thursday posted a 55% rise in fourth-quarter profit, turning its banner holiday season into a sustained streak of profitability.

This afternoon e-commerce giant Amazon announced quarterly revenues of $43.74 billion and earnings of $1.54 per share. Return on Equity (ROE) stands at 13.5% and Return on Investment (ROI) of 5.9 percent. The business's revenue was up 22.4% on a year-over-year basis. Free cash flow less finance lease principal repayments and assets attained under capital leases raised to $3.9 billion for the trailing twelve months, contrast with $2.5 billion for the trailing twelve months ended December 31, 2015. "Part of the softness comes down to shipping related revenue, which grew by its slowest pace in over a year". If you are reading this piece on another domain, it was copied illegally and reposted in violation of USA & worldwide copyright and trademark law. The correct version of this news story can be read at As a result, Amazon's shares were falling around 4 percent in after-hours trading after rising a little less than 1 percent, to $839.95 a share, in regular trading today. This transaction occurred on 2016-11-15 totals $3525000.58. Company has a market cap of $395,505 M. (NASDAQ:AMZN), according to U.S. Securities and Exchange Commission (SEC) filings. Following the transaction, the chief executive officer now owns 58,139 shares of the company's stock, valued at approximately $44,601,333.85.

A number of large investors have recently made changes to their positions in the company. Cornerstone Advisors Inc. raised its stake in shares of by 0.4% in the second quarter.

Amazon stock closed during Thursday regular session at $840.18, up 0.94%. Expected growth of, Inc.

Bezos was also quick to highlight how Alexa-enabled devices were the top-selling products across all categories on this holiday season. The Company's products include merchandise and content that it purchases for resale from vendors and those offered by third-party sellers.

Related news:

Hot News

isis-killer-beheading-video-story-top Canada's Hudson's Bay makes takeover approach for Macy's
Feb 04, 2017 - 00:53
Macy's stock has tumbled 22% over the past 12 months, while Hudson's Bay shares have fallen 40% and the S&P 500 has gained 20%. Lundgren is retiring as CEO later in this quarter, and previously wasn't planning on selling the company.

Merkel to Erdogan: Opposition Is Part of Democracy
Feb 03, 2017 - 00:58
Germany is home to some three million people of Turkish origin, the biggest population of Turks in the world outside Turkey . There were no immediate reports of Erdogan and Merkel addressing that issue. "She knows what she has to do".

Taylor Swift Shares Exciting First Time Experience With Fans
Feb 03, 2017 - 00:58
Swift wrote " I Don't Wanna Live Forever " with fun. guitarist Jack Antonoff, along with Sam Dew, and dropped it by surprise online in December of 2016.

Instagram is Snapchat's biggest threat
Feb 03, 2017 - 00:57
Both global and USA download rates for Snapchat and Instagram have remained relatively same over the year, according to App Annie. Since then, it's amassed 150 million daily Stories users-as many daily users as Snapchat's entire app has amassed in five years.

isis-killer-beheading-video-story-top UC Berkeley community protests guest speaker Milo Yiannopoulos
Feb 03, 2017 - 00:56
Someone threw red paint on Berkeley College Republican member Mike Wright as he spoke with a reporter, sfgate .com reports. Like other major US research universities, Berkeley depends on federal agencies for scientific grants and other support.

Tesla Model S, BMW i3 Fall Short In Crash Tests By IIHS
Feb 03, 2017 - 00:56
This Sept. 20, 2016, photo provided by the Insurance Institute for Highway Safety shows a 2017 BMW i3 before crash safety testing. In 2013 Tesla boasted that it had the best crash test ratings ever for a new auto on the new scale.

isis-killer-beheading-video-story-top Dakota Access Pipeline Set For Completion After Army Engineers' Approval
Feb 03, 2017 - 00:55
Some Native American tribes, mainly the Standing Rock Sioux, launched protests against the 1,134-mile oil pipeline's construction. The project's main remaining hurdle is an Army Corps easement it needs to build under Lake Oahe in North Dakota.

isis-killer-beheading-video-story-top Waymo's cars are getting a lot better at autonomous driving
Feb 03, 2017 - 00:54
General Motors Co and its Cruise Automation affiliate logged almost 10,000 miles in self-driving vehicles on California roads. There's also no specific standard on how or when test drivers should decide to intervene and disengage the technology.

Nintendo Learning From Past Mistakes With Switch Super Bowl Ad
Feb 02, 2017 - 00:51
Despite large success since 1997, Nintendo was at its financial peak with 2006's Wii, selling 101.1 million units as of 2016, more than both the Playstation 3 and the Xbox 360.

isis-killer-beheading-video-story-top DHS will continue to enforce Trump's travel ban
Feb 02, 2017 - 00:49
Politicians in the USA and around the world also criticised the move. "We need to do our best to be vigilant and protect Americans".

Harley-Davidson forecasts lower bike shipments
Feb 02, 2017 - 00:49
The Coca-Cola Company (NYSE:KO) [ Trend Analysis ] pretends to be active mover, stock moved up around 0.19% to trade at $41.46. Selway Asset Management's holdings in Harley-Davidson were worth $1,483,000 as of its most recent filing with the SEC.

France's Le Pen Misses Deadline To Repay Misspent Funds To EU
Feb 02, 2017 - 00:47
Le Pen is to be docked €7,000 a month from her European Union parliamentary earnings, as of today (1 February). The parliament says she wrongly used the funds to pay an aide at the National Front's headquarters in Paris.

Hillary Clinton signs two book deals
Feb 02, 2017 - 00:47
She tweeted earlier this week that Trump's travel ban was "not who we are", her clearest rebuke of Trump since the election. Clinton has previously had five books published , including " Hard Choices " and " Living History ".

United Nations to hold technical meeting over Syria in Astana
Feb 02, 2017 - 00:47
The talks were set for 8 February but then postponed until 20 February to give the opposition more time to present a united delegation.

An Aggressive White House Finds Itself on Defensive
Feb 01, 2017 - 01:47
Reporters who had written about voters in those areas were mocked for saying Mr. McAleenan said this was being done in concert with the State Department.