UPDATE: Telsey Lowers Amazon.com (AMZN) PT To $3,850 (correction)
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Roku (ROKU) Facing Battle with Amazon (AMZN) Over IMDb TV - The Information
October 29, 2021 9:10 AM EDTAmazon (NASDAQ: AMZN) and Roku (NASDAQ: ROKU) are headed for a battle over a deal that lets Roku carry Amazon's free ad-supported channel, IMDb TV, which is up for renewal early next year. (LINK)
... More
Amazon.com (AMZN) PT Lowered to $4,000 at Jefferies
October 29, 2021 7:41 AM EDTJefferies analyst Brent Thill lowered the price target on Amazon.com (NASDAQ: AMZN) to $4,000.00 (from $4,200.00) while maintaining a Buy rating.
The analyst commented, "Higher labor costs and supply chain disruptions are causing a surge in costs, headwinds that are likely to hold... More
Amazon.com (AMZN) PT Lowered to $3,840 at Raymond James
October 29, 2021 7:15 AM EDTRaymond James analyst Aaron Kessler lowered the price target on Amazon.com (NASDAQ: AMZN) to $3,840.00 (from $3,900.00) while maintaining an Outperform rating.
The analyst commented, "While Amazon reported another strong quarter of accelerating AWS growth and strong advertising growth, retail sales are slowing... More
Amazon.com (AMZN) PT Lowered to $3,800 at Barclays
October 29, 2021 5:03 AM EDTBarclays lowered its price target on Amazon.com (NASDAQ: AMZN) to $3,800.00 (from $4,130.00) while maintaining a Overweight rating.... More
Amazon (AMZN) Stock Plunges on a Big EPS Miss and Weak Guidance, Analysts Lower PTs but Remain Positive on Accelerating AWS Sales Growth
October 29, 2021 4:54 AM EDTShares of Amazon (NASDAQ: AMZN) are down 4.8% in pre-open Friday after the company reported lower-than-expected Q3 results.
Amazon reported Q3 EPS of $6.12, which is much lower than the analyst estimate of $8.92. Revenue for the quarter came in at $110.8 billion versus the consensus estimate of $111.6 billion.
Operating cash flow fell 1% while free cash flow decreased to $2.6 billion. AWS experienced an acceleration of 39% year over year.
In the first several months of COVID-19, Amazonians played an essential role to help people secure the requisite PPE, food, and other in-demand items needed, and we... More
Stocks expected to have increasing option volume: AAPL AMZN XOM SBUX
October 29, 2021 4:19 AM EDTStocks expected to have increasing option volume: AAPL AMZN XOM SBUX
... MoreAmazon.com (AMZN) Higher Costs Should Lead to Higher Customer Satisfaction and Marketshare Gains, PT Lowered to $4,100 at Credit Suisse
October 29, 2021 4:09 AM EDTCredit Suisse analyst Stephen Ju lowered the price target on Amazon.com (NASDAQ: AMZN) to $4,100.00 (from $4,200.00) while maintaining a Outperform rating after the company reported 3Q21 results with revenue of $110.8b, +15% FX-neutral growth versus expectations for $110.9b and operating profit was $4.9b vs Credit... More
Amazon.com (AMZN) PT Lowered to $4,300 at Evercore ISI
October 29, 2021 3:55 AM EDTEvercore ISI analyst Mark Mahaney lowered the price target on Amazon.com (NASDAQ: AMZN) to $4,300.00 (from $4,700.00) while maintaining a Outperform rating.... More
After-Hours Movers 10/28: (X) (TEAM) (ALDX) Higher; (ZEN) (MNTV) (POLY) Lower (more...)
October 28, 2021 6:07 PM EDTAfter-Hours Movers
Zendesk (NYSE: ZEN) 17.7% LOWER; Zendesk and Momentive (NASDAQ: MNTV) have entered into a definitive agreement under which Zendesk will acquire Momentive, including its iconic SurveyMonkey platform. The terms of the transaction provide for Momentive stockholders to receive 0.225 shares of Zendesk stock for each share of Momentive stock, a ratio which represents an implied value of approximately $28 per outstanding share of Momentive stock based on the 15-day volume weighted average price of Zendesk common stock up to and including October 26, 2021.
Momentive (NASDAQ:... More
Goldman Sachs Defending Amazon.com (AMZN), 'we see AMZN increasingly as a compelling'
October 28, 2021 4:48 PM EDTGoldman Sachs analyst Eric Sheridan reiterated a Buy rating and $4,250.00 price target on Amazon.com (NASDAQ: AMZN).
The analyst comments "We expect investors to have a muted reaction to Amazon's Q3 21 earnings report as key issues likely remain in terms of framing the overall online eCommerce environment and the costs needed to emphasize... More
Amazon (AMZN) Stock Dumps 3% Following Q3 Miss
October 28, 2021 4:34 PM EDTAmazon (NASDAQ: AMZN) shares were trading more than 3% lower after-hours, following the company's reported Q3 results, with EPS coming in at $6.12, missing the Street estimate of $8.92. Quarterly revenue was $110.8 billion, below the consensus estimate of $111.6 billion.
The company provided its Q4 outlook, expecting... More
Amazon's holiday-quarter forecast disappoints as labor, supply issues mount
October 28, 2021 4:05 PM EDTBy Jeffrey Dastin and Nivedita Balu
(Reuters) -Amazon.com Inc on Thursday reported a slump in profit that it expects will continue through the holiday quarter, as higher pay to attract workers and other operational disruptions diminish the company's windfall from online shopping.
Shares fell 4% in after-hours trade.
After a year of blockbuster results, the world's largest online retailer is facing a tougher outlook. In a tight labor market, it has boosted average U.S. warehouse pay to $18 per hour and marketed ever bigger signing bonuses to attract blue-collar staff it needs to keep its high-turnover operation... More
Amazon (AMZN) Misses Q3 EPS by $2.80, Guidance Misses
October 28, 2021 4:02 PM EDTAmazon (NASDAQ: AMZN) reported Q3 EPS of $6.12, $2.80 worse than the analyst estimate of $8.92. Revenue for the quarter came in at $110.8 billion versus the consensus estimate of $111.6 billion.
Operating cash flow decreased 1% to $54.7 billion for the trailing twelve months, compared with $55.3 billion for the trailing twelve months ended September 30, 2020.Free cash flow decreased to $2.6 billion for the trailing twelve months, compared with $29.5 billion for the trailing twelve months ended September 30, 2020.Free cash flow less principal repayments of finance leases and financing obligations decreased to an outflow of $8.8 billion for the... MoreActive options: AMZN BX AMC NIO NVDA FCEL PYPL FSR AAL
October 28, 2021 3:32 PM EDTActive options: SNAP AMZN BX AMC NIO NVDA FCEL PYPL FSR AAL
... MoreAmazon (AMZN) October weekly 3450 straddle priced for a move of +/- 4% into quarter results
October 28, 2021 3:28 PM EDTAmazon (NASDAQ: AMZN) October weekly 3450 straddle priced for a move of +/- 4% into the expected release of quarter results today after the bell.
... MoreAmazon (AMZN) 173K option contracts trade compared to 90-day average volume of 305K contracts into quarter results
October 28, 2021 12:17 PM EDTAmazon (NASDAQ: AMZN) 173K option contracts trade compared to 90-day average volume of 305K contracts into quarter results
Amazon (AMZN) call put ratio 3.2 calls to 1 put into quarter results and outlook
October 28, 2021 10:46 AM EDTAmazon (NASDAQ: AMZN) October weekly call option implied volatility is at 80, November is at 30; compared to its 52-week range of 18 to 54 into the expected release of quarter results today after the bell. Call put ratio 3.2 calls to 1 put.
... MoreAmazon (AMZN) calls more active than puts into quarter results
October 28, 2021 5:06 AM EDTAmazon (NASDAQ: AMZN) October weekly call option implied volatility is at 64, November is at 29; compared to its 52-week range of 18 to 54 into the expected release of quarter results after the bell on October 28. Call put ratio 2.4 calls to 1 put.
... MoreAmazon (AMZN) calls more active than puts into quarter results
October 27, 2021 10:25 AM EDTAmazon (NASDAQ: AMZN) October weekly call option implied volatility is at 58, November is at 28; compared to its 52-week range of 18 to 54 into the expected release of quarter results after the bell on October 28. Call put ratio 1.8 calls to 1 put.
... MoreAmazon seen triumphing over Apple privacy changes in digital ad business
October 27, 2021 8:43 AM EDTBy Nivedita Balu
(Reuters) - Amazon.com is expected to emerge as a winner in the digital advertising arena, surviving Apple's privacy changes better than rivals Facebook and Snap.
The ecommerce giant's vast trove of customer shopping data reduces its reliance on tracking info once provided by Apple's iOS mobile operating system.
Others including Alphabet Inc, which also collects a rich set of data from users' search habits, reported a 41% surge in Google advertising revenue for the third quarter, a sign that businesses that rely less on targeted ads are able to overcome Apple's limits on tracking mobile... More
