Friday, 16 November, 2018

Amazon Increases Prime Membership Price as Quarterly Profits Skyrocket

On Thursday Amazon announced that they are increasing the annual price for Prime memberships by about 20 percent On Thursday Amazon announced that they are increasing the annual price for Prime memberships by about 20 percent
Andy Castillo | 29 April, 2018, 01:02

Amazon Com Inc now has $762.67B valuation. Last week, Amazon revealed over 100 million customers were now paying for it.

The world's largest eRetailer also added US football games. Taylor Hoffman Wealth Management purchased a new stake in shares of Amazon.com in the 4th quarter worth approximately $108,000. Kistler Tiffany Companies LLC now owns 486 shares of the e-commerce giant's stock worth $568,000 after purchasing an additional 64 shares during the period. Bluemountain Capital Mgmt Ltd stated it has 0.09% in Amazon.com, Inc. Finally, Oak Point Wealth Management acquired a new stake in Amazon.com during the 4th quarter valued at approximately $125,000. Meiji Yasuda Life invested in 10,012 shares or 1.61% of the stock.

Shares of AMZN stock traded up $54.66 on Friday, hitting $1,572.62. Amazon.com has a 52-week low of $924.33 and a 52-week high of $1,638.10. 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. Analysts with Wedbush Securities estimate that Amazon will spend $6 billion on video content in 2018. Amazon.com had a net margin of 2.04% and a return on equity of 12.50%. The company's revenue was up 42.9% compared to the same quarter previous year.

Amazon's revenue from third-party sellers, companies like Nike who sell their own products via Amazon's platform, rose 44% year-over-year, the company said in its quarterly earnings report on Thursday.

Snapchat fixes its Spectacles with overhauled follow-up, but will they sell?
Snapchat has expected larger sales of the spectacles V1 due to which later they have to suffer a great amount of loss. Snap teamed up with a company called Lensabl to offer the ability to swap out regular lenses for prescription ones.

A number of hedge funds have recently made changes to their positions in AMZN.

For the first quarter ended March 31, Amazon saw subscription services revenue - which includes Prime - soar 60% year over year to $3.1 billion.

Levin posited that the price increase correlates with increased average annual transaction counts and will cover the related rising cost of Prime deliveries. Your initial outlay of $1,000 in 2008 would be worth more than $19,500 Friday, according to CNBC calculations, or over 19 times as much, including price appreciation and dividend gains reinvested. The rating was maintained by J.P. Morgan on Friday, February 2 with "Buy". They noted that the move was a valuation call. Two investment analysts have rated the stock with a hold rating, fifty-one have assigned a buy rating and one has assigned a strong buy rating to the company. The stock has an average rating of Buy and an average price target of $1,639.01.

There are a few other surprises in the works, which Amazon announced this week. On Friday, February 23 the insider WILKE JEFFREY A sold $2.99 million.

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