Amazon's Q1 sales jump 43% to $51bn

Jeff Bezos Just Got $12 Billion Richer Overnight

Jeff Bezos Just Got $12 Billion Richer Overnight, Inc. (NASDAQ:AMZN) has risen 76.78% since April 27, 2017 and is uptrending. Finally, Certified Advisory Corp bought a new stake in shares of in the 4th quarter valued at about $610,000. (NASDAQ:AMZN). Moreover, Jones Collombin Counsel Inc has 1.2% invested in, Inc. The firm sells merchandise and content purchased for resale from vendors, as well as those offered by third-party sellers through retail Websites, such as,,,,,,,,,,,,, and Vestor Capital LLC lifted its position in shares of by 10.1% in the 2nd quarter.

AMZN traded up $54.66 during midday trading on Friday, hitting $1,572.62. The stock has a market cap of $736,164.69, a price-to-earnings ratio of 345.63, a PEG ratio of 6.55 and a beta of 1.59. has $2020 highest and $1220.0 lowest target.

The change was revealed on the quarterly results call held on Thursday. The e-commerce giant reported $3.27 earnings per share (EPS) for the quarter, topping the Zacks' consensus estimate of $1.80 by $1.47. had a net margin of 2.04% and a return on equity of 12.50%. The company's revenue was up 42.9% on a year-over-year basis. equities research analysts anticipate that will post 8.65 EPS for the current fiscal year.

Wenger Reveals Likely Successor At Arsenal
On the Spaniard, Wenger said: "I don't want to influence the next manager, but of course I have a high opinion of Luis Enrique ". "The timing was not really my decision", said the Arsenal boss , who added that he did not envisage retiring from the game.

In related news, VP Shelley Reynolds sold 544 shares of the firm's stock in a transaction dated Thursday, February 15th. Jassy Andrew R sold $2.90 million worth of stock or 1,985 shares. 1,985 shares valued at $2.90M were sold by Jassy Andrew R on Thursday, February 15. Martin Sorrell, the founder of the world's largest advertising company WPP, who stepped down in mid-April, last month saw Amazon in "head-to-head" competition with Google and Facebook.

A number of brokerages have weighed in on AMZN. In a note to clients Friday, Doug Anmuth of J.P. Morgan said, "We do not expect the company to get much push-back from consumers given the increasing value of the service".

AMZN stock was up about 4.2% on the news Friday. Oppenheimer upped their price target on shares of from $1,650.00 to $1,850.00 and gave the company an "outperform" rating in a report on Friday. At that time, Amazon had increased the price of the yearly subscription to the current $99 from $79. BidaskClub downgraded shares of from a strong-buy rating to a buy rating in a research report on Friday, March 30th.

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