Amazon Stock Drops on Holiday Sales Miss

An AWS logo spotted in Singapore

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 https://sportsperspectives.com/2017/02/03/amazon-com-inc-amzn-pt-set-at-945-00-by-j-p-morgan-chase-co.html. 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 Amazon.com by 0.4% in the second quarter.

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

Bezos was also quick to highlight how Alexa-enabled devices were the top-selling products across all categories on Amazon.com 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.

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