Log in
E-mail
Password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
Settings
Settings
Dynamic quotes 
OFFON

4-Traders Homepage  >  Equities  >  Nasdaq  >  Amazon.com    AMZN

AMAZON.COM (AMZN)
Mes dernières consult.
Most popular
Report
SummaryQuotesChartsNewsAnalysisCalendarCompanyFinancialsConsensusRevisions 
News SummaryMost relevantAll newsSector newsTweets

Blue Apron shares tumble after Amazon files for meal-kit trademark

share with twitter share with LinkedIn share with facebook
share via e-mail
0
07/17/2017 | 08:25pm CET
The logo of Blue Apron is shown on a large sign in front of the New York Stock Exchange before the company's IPO in New York

Shares of meal-kit service Blue Apron Holdings Inc slumped to new lows on Monday in the wake of Amazon.com Inc (>> Amazon.com)'s move to register a trademark for a possible rival service.

Shares of meal-kit service Blue Apron Holdings Inc <APRN.O> slumped to new lows on Monday in the wake of Amazon.com Inc (>> Amazon.com)'s move to register a trademark for a possible rival service.

Blue Apron shares tumbled more than 11 percent to $6.51, a drop of nearly 35 percent since its June 29 initial public offering price of $10. The decline came as investors were concerned about its future and the impact of Amazon's planned $13.7 billion acquisition of supermarket chain Whole Foods Market Inc <WFM.N> amid a fast-expanding meal-kit industry.

In a filing with the U.S. Patent and Trademark Office on July 6, Amazon registered a trademark application for "prepared food kits composed of meat, poultry, fish, seafood, fruit and/or vegetables" that is ready for cooking and assembly as a meal.

Amazon's planned service is identical to the one offered by Blue Apron, one of the largest meal-kit delivery services in the United States.

Activity in Blue Apron's options also leaned toward defensive bets, with put options that make money if the shares drop below $5 by the third week of January drawing the most activity on Monday.

Amazon and Blue Apron were not immediately available for comment.

The deal between Amazon and Whole Foods announced in June marks the biggest acquisition for the world's largest online retailer. Amazon has not said exactly what it would do with Whole Foods' stores and other assets, but analysts and investors say the deal could upend the landscape for grocers, food delivery services and meal-kit companies.

Last week, the top Democrat in the U.S. House of Representatives' antitrust subcommittee, David Cicilline, voiced concerns about Amazon's plan to buy Whole Foods, pushing for a hearing to look into the deal's impact on consumers.

Amazon shares rose nearly 1 percent to $1010.93 on Monday, up 4.4 percent for the month, while Blue Apron shares were off about 30 percent for July. The e-commerce giant hit an all-time of $1,017 last month.

(Additional reporting by Saqib Iqbal Ahmed; Editing by Bernadette Baum)

By Angela Moon

share with twitter share with LinkedIn share with facebook
share via e-mail
0
Latest news on AMAZON.COM
07:58p Holiday cheer boosts Amazon, Macy's and other retail stocks
01:01p AMAZON COM : Cyber Monday Brings Incredible Deals and Convenient Delivery
06:07a AMAZON COM : Ambani lays down his own ideas for India’s eCommerce
11/23 AMAZON COM : Web Services Announces ML Solutions Lab
11/23 Amazon starts Australian trial after months of hype
11/22 AMAZON COM : Symantec Selects Amazon Web Services to Deliver Cloud Security to G..
11/22 AMAZON COM : AWS Announces Amazon ML Solutions Lab
11/22 UK targets tech giants over tax avoidance and VAT fraud
11/22DJToday's Top Supply Chain and Logistics News From WSJ
11/22 AMAZON COM : Celebrates 10th Holiday Season of Frustration-Free Packaging - An I..
More news
News from SeekingAlpha
02:15p LULULEMON : Investors Hoping To 'Breathe Easy'
11:31a The Holiday Trends Favor Amazon
06:51a WALL STREET BREAKFAST : Black Friday In Full Swing
03:22a Amazon faces major strike in Italy
11/23 NAVIGATING CLOUDY WATERS : Understanding The Cloud Computing Majors
Financials ($)
Sales 2017 177 B
EBIT 2017 3 492 M
Net income 2017 2 104 M
Finance 2017 8 513 M
Yield 2017 -
P/E ratio 2017 272,08
P/E ratio 2018 142,61
EV / Sales 2017 3,10x
EV / Sales 2018 2,35x
Capitalization 557 B
Chart AMAZON.COM
Duration : Period :
Amazon.com Technical Analysis Chart | AMZN | US0231351067 | 4-Traders
Technical analysis trends AMAZON.COM
Short TermMid-TermLong Term
TrendsBullishBullishBullish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 49
Average target price 1 219 $
Spread / Average Target 5,4%
EPS Revisions
Managers
NameTitle
Jeffrey P. Bezos Chairman, President & Chief Executive Officer
Brian T. Olsavsky Chief Financial Officer & Senior Vice President
John Seely Brown Independent Director
Patricia Q. Stonesifer Independent Director
Tom A. Alberg Independent Director
Sector and Competitors
1st jan.Capitalization (M$)
AMAZON.COM54.18%557 121
QVC GROUP (LIBERTY INTERACTIVE CORPORATION)24.82%15 701
START TODAY CO.,LTD.62.69%9 135
WAYFAIR INC94.72%5 994
MONOTARO CO.,LTD.30.71%3 501
B2W COMPANHIA DIGITAL76.58%2 481