Amazon to Increase Video Spend, Raise Prices on Prime in the US

After Strong First Quarter Amazon Raises Price Of Prime By $20 Per Year

After Strong First Quarter Amazon Raises Price Of Prime By $20 Per Year

Finally, Citigroup restated a buy rating and set a $1,400.00 price objective (up from $1,250.00) on shares of Amazon.com in a research report on Friday, January 5th. Two research analysts have rated the stock with a hold rating, fifty-one have given a buy rating and one has assigned a strong buy rating to the company's stock.

AMZN opened at $1,572.62 on Friday. About 12.76M shares traded or 95.76% up from the average. Amazon.com has a 52-week low of $924.33 and a 52-week high of $1,638.10.

(NASDAQ:AMZN) last issued its earnings results on Thursday, April 26th. The e-commerce giant reported $3.27 earnings per share (EPS) for the quarter, beating the Thomson Reuters' consensus estimate of $1.80 by $1.47.

Victor Oladipo: Lebron's block was a goaltend
James scored 44 points, grabbed ten rebounds and eight assists in the contest, which further adds to the significance. The Pacers have actually outscored the Cavs by 10 points (482-472), thanks to an 18-point blowout in Game 1.

Amazon has forecast a 51 to 54 billion dollar turnover for its next quarter, with analysts right in the middle with 52.2 billion dollar (43 billion euro). The company's revenue was up 42.9% compared to the same quarter past year.

What is quite interesting about the timing of this announcement is that Amazon just released their first quarter numbers for 2018 and they made $1.6 billion in profits (more than double the amount from past year at the same time).

In related news, Director Tom A. Alberg sold 670 shares of Amazon.com stock in a transaction on Wednesday, February 21st. The shares were sold at an average price of $1,462.32, for a total value of $795,502.08. Over the last quarter, insiders sold 6,214 shares of company stock valued at $9,251,120. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. He added Prime usage and membership should continue to expand along with increased benefits.

Army pays tribute to soldier killed in Kashmir's Tral
SP Vaid, director general of state police, said on Twitter the encounter continues and wished his colleagues "good luck". Police personnel pay tribute to Constable Lateef Gojri at a wreath laying ceremony in Tral , Kashmir, on Tuesday.

The blockbuster profits come as the company and its chief executive have been criticized by President Donald Trump, who has tweeted several times that the company doesn't pay enough taxes, should pay the U.S. Postal Service more for shipping, and that The Washington Post, owned by Amazon founder and CEO Jeff Bezos, is a lobbyist for the company. Vestor Capital LLC boosted its position in shares of Amazon.com by 10.1% in the 2nd quarter. Chemical Bank lifted its stake in shares of Amazon.com by 5.0% in the 4th quarter. It is positive, as 69 investors sold Amazon.com, Inc. shares while 578 reduced holdings.

With $2 billion or less of advertising revenue, Amazon is dwarfed by Alphabet Inc's Google and Facebook, often called an internet duopoly, but it is growing fast, maybe outselling ads on Twitter Inc and Snapchat, and it has advantages that other contenders lack.

Dow Jones falls almost 425 points; Caterpillar reports earnings plateau
Among smaller banks, Simmons First National rose 4.1 percent to $30.15 and Banner gained 3.9 percent to $58.01. The Nasdaq dropped 121 points to close at 7,007 while the S&P 500 decreased nearly 36 points to 2,635.

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