Amazon to retire Prime Now, absorb fast-ship experience into bigger brand

  • Amazon .com (AMZN) will retire its ultrafast-shipping venture Prime Now, absorbing the app and website into its more central brand.
  • When created in 2014, Prime Now offered an upgrade on the company's standard free two-day shipping for Amazon Prime members by delivering some items within an hour or two. Since then, other fast-delivery efforts at the company have come to pass, including two-hour grocery delivery from Amazon Fresh and the acquired Whole Foods Market.
  • So now the Prime Now app and site will be retired by year-end.
  • "To make this experience even more seamless for customers, we are moving the experience from a separate Prime Now app onto the Amazon app and website so customers can shop all Amazon has to offer from one convenient location," says VO of Grocery, Stephenie Landry.
  • The company already moved the Prime Now experience to the larger Amazon site/app, and retired Prime Now, in India, Japan and Singapore.

    For this year the company, located in Seattle revenue will be around 490.34 billion USD. This is according to the average of the analysts' estimates. This is hugely more than 2020's revenue of 386.06 billion USD.

    Historical revenues and results Amazon plus estimates 2020

    aandelenanalyses

    The analysts expect for 2021 a net profit of 28.63 billion USD. The majority of the analysts expects for this year a profit per share of 55.74 USD. The price/earnings-ratio is then an extreme 58.22.

    For this year analysts don't expect the company to pay a dividend. The average dividend yield of the general retailers equals a relatively high 1.54 percent.

    Recent target prices around 4050 USD

    The latest 3 recommendations for the general retailer were provided by KBC Securities, ABN AMRO and Jefferies & Co..

    Amazon 's market capitalization is based on the number of outstanding shares around 1616.01 billion USD. The Amazon stock was the past 12 months quite unstable. Since last May the stock is even 33 percent higher. This year the stock price moved between 2330 and 3554 dollar.

    Price data Amazon 2007-2021

    stock price amazon

    On Monday, the stock closed at 3244.99 USD.

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