Amazon Prime Ups Its Membership Rate To $119/Year

Amazon Prime packaging

Cibc World Markets invested 1.45% in Amazon.com, Inc. The institutional investor owned 3,182 shares of the e-commerce giant's stock after selling 283 shares during the quarter.

While Amazon's stock has performed well, any individual stock can over- or under-perform and past returns do not predict future results. Whitnell & Co. boosted its position in shares of Amazon.com by 581.3% during the 3rd quarter.

Several other research firms have also recently commented on AMZN. Taylor Hoffman Wealth Management purchased a new stake in shares of Amazon.com in the 4th quarter worth approximately $108,000. Chemical Bank lifted its stake in shares of Amazon.com by 5.0% in the 4th quarter. Bluemountain Capital Mgmt Ltd stated it has 0.09% in Amazon.com, Inc. Following the completion of the transaction, the vice president now owns 6,533 shares of the company's stock, valued at $9,553,336.56.

Trading volume for AMZN stock is going through the roof this morning, an hour after the US stock markets opened, suggesting the company will definitely set a new volume record before the market closes today. Amazon.com has $2000.0 highest and $105 lowest target. The stock has a market cap 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. Analyst consensus estimated operating income of $1.13 billion of operating income and sales of $52.3 billion. Free cash flow decreased to $7.2 billion for the trailing twelve months for this year's report, compared with last year's Q1 report that shows $10.1 billion.

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In a press release April 26, Amazon reported 1Q earnings of $1.6 billion, or $3.27 a share, up from $724 million, or $1.48 a share, last year.

A number of brokerages have weighed in on AMZN.

Net sales were $51.04 billion versus $35.71 billion in the year-previous period.

Much of Amazon's revenue increase can be explained by its acquisition of Whole Foods. The firm has "Buy" rating by RBC Capital Markets given on Friday, February 2. They noted that the move was a valuation call. Two equities research analysts have rated the stock with a hold rating, fifty-one have issued a buy rating and one has given a strong buy rating to the company. Amazon.com now has a consensus rating of "Buy" and an average price target of $1,639.01. The shares were sold at an average price of $1,462.32, for a total value of $795,502.08. WILKE JEFFREY A also sold $2.91 million worth of Amazon.com, Inc. 1,985 shares valued at $2.90M were sold by Jassy Andrew R on Thursday, February 15. The disclosure for this sale can be found here.

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