Sunday, 19 August, 2018

Amazon is Raising the Price of Annual Prime Membership to $119

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
| 29 April, 2018, 01:03

The Pennsylvania-based Northstar Asset Mngmt has invested 0.09% in Amazon.com, Inc. Last week, Amazon revealed over 100 million customers were now paying for it. Whitnell & Co. boosted its position in shares of Amazon.com by 581.3% in the 3rd quarter. Vestor Capital LLC grew its stake in Amazon.com by 10.1% during the 2nd quarter. (NASDAQ:AMZN). Burt Wealth Advsrs stated it has 0.46% 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. The institutional investor owned 466,064 shares of the e-commerce giant's stock after selling 20,800 shares during the period.

According to reports, the forecast beat expectations on Wall Street, sending shares up 7 percent to a new record high in after-hours trade.

See more details about the reduced memberships for low-income households at Amazon.com HERE. 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.

(NASDAQ:AMZN) last announced its quarterly earnings data on Thursday, April 26th.


"We are raising our topline and operating margin estimates for FY:18 and beyond reflecting the continued momentum in Prime and accelerating growth in its two more profitably businesses, AWS and advertising", Stifel analyst Scott Devitt wrote in a note to clients Friday. The company's revenue was up 42.9% on a year-over-year basis.

Amazon AMZN just released its first quarter financial results, posting adjusted earnings of $3.27 per share and revenues of $51.04 billion. For starters, my household gets more than $99 - or $119 - out of it each year.

Prime last saw a price bump in March 2014, when the cost was raised from $79 to $99. The rating was maintained by RBC Capital Markets with "Buy" on Friday, October 13. They noted that the move was a valuation call. Two equities research analysts have rated the stock with a hold rating, fifty-one have assigned a buy rating and one has given a strong buy rating to the company's stock. The stock has an average rating of Buy and an average price target of $1,639.01.

In other Amazon.com news, VP Shelley Reynolds sold 544 shares of the business's stock in a transaction on Thursday, February 15th. The stock was sold at an average price of $1,500.00, for a total value of $1,005,000.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. On Friday, February 23 the insider WILKE JEFFREY A sold $2.99 million. 1,985 shares valued at $2.90M were sold by Jassy Andrew R on Thursday, February 15.

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