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The IPH Ltd (ASX: IPH) share price is edging higher during Friday afternoon.

This comes despite the announcement by the intellectual property services company that its CEO has offloaded some of his shares.

At the time of writing, IPH shares are swapping hands at $9.60 apiece, up 2.13%.

IPH CEO sells shares to ‘satisfy personal tax obligations’

Investors appear to be unfazed by the company’s latest news, sending the IPH share price into positive territory.

According to the release, IPH managing director and CEO, Andrew Blattman sold a parcel of his shares through an on-market trade.

In total, 400,000 IPH shares were disposed on 24 August.

While the average price per share sold isn’t listed, we do know that $3.64 million went into Blattman’s pockets. This would suggest that each share that was sold was around $9.10 per share.

The company listed the reason for the sale was “to satisfy personal tax obligations arising from the issue of shares under the company’s long term incentive plan.”

It’s worth noting that this is not uncommon, as directors and CEO’s alike sell for various reasons over time.

A catalyst for the IPH shares remaining afloat today despite the sell down can be attributed to some recent broker notes.

According to ANZ Share Investing, the team at Macquarie raised its price target by 45% to $11.95 for IPH shares. Based on the current share price, this implies an upside of roughly 25%.

Furthermore, Canaccord Genuity also bumped up its rating by 15% to $11.65 per share.

It seems that both brokers believe that the IPH shares are undervalued from where they trade today.

IPH share price summary

IPH shares have travelled in circles over the last 12 months, registering a slight gain of 3.7%.

Although, when looking at year to date though, its shares are up 9%.

In particular, the past month has been extremely positive for shareholders with its shares 16% higher following the company’s full-year results.

Based on today’s price, IPH commands a market capitalisation of approximately $2.08 billion, with 218.82 million shares on hand.

The post Guess which ASX 200 CEO just sold $3.64 million worth of his company’s shares? appeared first on The Motley Fool Australia.

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More reading

• ASX reporting season weekly wrap: Winners and losers
• Here are the top 10 ASX 200 shares today
• Why CSL, IPH, Renascor, and Treasury Wine shares are pushing higher
• IPH share price just rocketed 17% on results and acquisition news

Motley Fool contributor Aaron Teboneras has no position in any of the stocks mentioned. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has recommended IPH Ltd. The Motley Fool Australia has recommended IPH Ltd. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.

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Newcrest Mining Ltd (ASX: NCM) shareholders might be wondering why the share price is looking to finish the week lower.

The gold miner posted its FY2022 results last Friday, reporting losses across key financial metrics.

Subsequently, the board elected to slash its final dividend to US 20 cents per share.

At the time of writing, the Newcrest share price is down 2.43% to $18.44 apiece.

Let’s take a look below at why its shares are falling during trade on Friday.

What’s weighing down Newcrest shares?

Following the release of the company’s full-year results last Friday, investors are offloading Newcrest shares as they go ex-dividend today.

The ex-dividend date is particularly important as it determines which shareholders will receive the company’s latest dividend.

If you held Newcrest shares at yesterday’s market close, you will be eligible for the fully franked final dividend.

Typically, when a company’s shares trade ex-dividend, the share price tends to fall in proportion to the dividend paid out. However, this can vary depending on how the market is tracking for the day as well as investor sentiment.

For those eligible for Newcrest’s final dividend, you will receive a payment of US 20 cents per share on 29 September.

This brings the total FY2022 dividend to US 27.5 cents per share, reflecting a 50% cut from the US 55 cents per share declared in the prior corresponding year.

Under the capital management framework, Newcrest is targeting a total annual dividend payout of 30-60% of free cash flow generated for the financial year. The annual total dividends are expected to be at least US 15 cents per share on a full-year basis.

You can also elect for the dividend reinvestment plan (DRP) which will add a portion of shares to your portfolio instead. This will be based on a 5-day volume-weighted average price (VWAP) from 31 August to 6 September.

There is no DRP discount and the last election date to opt in is on 30 August.

Newcrest share price summary

In 2022, the Newcrest share price has come under strong selling pressure as the price of gold continues to retreat. Its shares are down 25% year-to-date.

In comparison, the S&P/ASX 200 Resources (ASX: XJR) sector has treaded the other way, up 9% over the same period.

Based on today’s price, Newcrest commands a market capitalisation of approximately $16.47 billion and has a dividend yield of 3.56%.

The post Why is the Newcrest share price having such a lowsy end to the week? appeared first on The Motley Fool Australia.

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More reading

• 5 things to watch on the ASX 200 on Friday
• Hoping to bag the next Newcrest dividend? Here’s what you need to do
• These ASX 200 shares will trade ex-dividend tomorrow
• Can the gold price outshine sticky inflation?
• Why did the Newcrest share price just slump to a 6-year low?

Motley Fool contributor Aaron Teboneras has no position in any of the stocks mentioned. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has no position in any of the stocks mentioned. The Motley Fool Australia has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.

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Shares in Bega Cheese Ltd (ASX: BGA) are rocketing higher today following news of the company’s latest earnings and dividend.

The dairy giant declared a higher final dividend despite its financial year 2022 profits tumbling 69% year over year.

Right now, the Bega share price is up 11.5% to trade at $4.17.

Let’s take a closer look at today’s news from the company and the next dividend investors will be receiving from it.

Bega offers 5.5-cent final dividend

The company revealed it will pay shareholders a 5.5-cent fully franked final dividend for financial year 2022.

That brings the company’s full-year payout to 11 cents per share, a 10% increase on that of financial year 2021. It’s also on par with the highest ever offered by the company.

It also leaves its stock trading with a 2.6% trailing dividend yield at the time of writing.

The increase in dividends came despite Bega posting just $24.4 million of after-tax profits for the 12 months ended 30 June, representing a 69% year-over-year fall, as my Fool colleague Zach reports.

Its earnings before interest, tax, depreciation, and amortisation (EBTDA) also slipped 19% to $149 million. Though, its revenue rose 45% to $3 billion.

Bega is operating its dividend reinvestment plan (DRP) for its latest payout. Investors interested in receiving new shares in the company rather than a cash dividend have until 2 September to subscribe to the DRP.

The stock will trade ex-dividend from 31 August. Of course, that will likely see the Bega share price fall relatively in line with the value of the company’s final dividend. Anyone buying into the company from then on will miss out on the payment.

Finally, the offering will begin to hit investors’ accounts on 23 September.

The post Here’s everything you need to know about the latest Bega dividend appeared first on The Motley Fool Australia.

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More reading

• Why Bega Cheese, Jumbo, Pilbara Minerals, and Qantas shares are rising
• Bega Cheese share price soars as net profit slides 69% year on year
• Here are the top 10 ASX 200 shares today

Motley Fool contributor Brooke Cooper has no position in any of the stocks mentioned. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has no position in any of the stocks mentioned. The Motley Fool Australia has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.

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The Splitit Payments Ltd (ASX: SPT) share price won’t be going anywhere today.

This comes as the ASX buy now, pay later BNPL company requested that its shares be placed in a trading halt.

The payment solution provider’s shares are now frozen at yesterday’s closing price of 20.5 cents apiece.

Why is the Splitit share price halted?

Before market open today, the company requested the Splitit share price to be halted while it prepares to make an announcement.

According to its release, Splitit plans to update the market regarding a proposed capital raising by a way of a placement.

Splitit has asked that the trading halt remain in place until Tuesday 30 August or following the release of its announcement, whichever comes first.

What does this mean?

While details remain unknown about the capital raise, it appears the company may be seeking to fund its growth strategy.

In its Q2 FY22 quarterly report, Splitit CEO Nandan Sheth said:

Our differentiated business model that unlocks existing credit for merchant funded instalments is becoming the most viable alternative to the high friction and high-risk legacy BNPL services. The industry is starting to recognize that Splitit’s unique model stands apart in a crowded space of players extending unsecured loans to subprime consumers.

Our new strategy will continue to mature over the next 12 months. As we re-balance our existing merchant portfolio, focusing more on acquiring large profitable merchants, the benefits of this pivot will continue to be realised through 2022, and beyond.

About the Splitit share price

A rollercoaster of the past 12 months has seen the Splitit share price tank almost 60% for the period.

Ultimately, this has led the company’s shares to register a loss of 18% year-to-date.

Splitit has a market capitalisation of $96.64 million with around 471 million shares outstanding.

The post Why is the Splitit share price frozen on Friday? appeared first on The Motley Fool Australia.

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More reading

• 3 ASX tech shares surging more than 10% today
• Why is the Sezzle share price surging 8% on Wednesday?

Motley Fool contributor Aaron Teboneras has no position in any of the stocks mentioned. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has no position in any of the stocks mentioned. The Motley Fool Australia has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.

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The S&P/ASX 200 Index (ASX: XJO) has followed the lead of US markets and is charging higher. In afternoon trade, the benchmark index is up 0.7% to 7,048.1 points.

Four ASX shares that are climbing more than most today are listed below. Here’s why they are rising:

Bega Cheese Ltd (ASX: BGA)

The Bega Cheese share price is up 12% to $4.19. Investors have been buying this food company’s shares following the release of its full year results. This was despite the company reporting a 69% decline in net profit after tax to $24.2 million. Its guidance for a jump in EBITDA in FY 2023 appears to have impressed investors.

Jumbo Interactive Ltd (ASX: JIN)

The Jumbo share price is up 6% to $14.77. This morning the online lottery ticket seller released its full year results and reported a 25% increase in revenue to $104.3 million and a 14% lift in underlying net profit after tax to $32.2 million. This allowed the Jumbo board to increase its dividend by 16%.

Pilbara Minerals Ltd (ASX: PLS)

The Pilbara Minerals share price is up 3.5% to $3.53. A number of lithium miners are pushing higher today despite there being no news out of them. However, a bullish broker note out of Macquarie earlier this week still appears to be front of mind. This has even offset a downgrade to neutral by Citi this morning.

Qantas Airways Limited (ASX: QAN)

The Qantas share price is up 5.5% to $5.13. This morning the team at Credit Suisse responded to the airline operator’s full year results by upgrading its shares to an outperform rating with an improved price target of $5.65. Elsewhere Macquarie retained its outperform rating and lifted its price target to $7.05.

The post Why Bega Cheese, Jumbo, Pilbara Minerals, and Qantas shares are rising appeared first on The Motley Fool Australia.

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More reading

• Jumbo share price climbs following ‘strong growth achieved in FY2022’
• Bega Cheese share price soars as net profit slides 69% year on year
• Is the Qantas share price a buy following the airline’s latest results?
• Here are the top 10 ASX 200 shares today
• Here are the 3 most heavily traded ASX 200 shares on Thursday

Motley Fool contributor James Mickleboro has no position in any of the stocks mentioned. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has positions in and has recommended Jumbo Interactive Limited. The Motley Fool Australia has recommended Jumbo Interactive Limited. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.

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The Australian Ethical Investment Ltd (ASX: AEF) share price is falling today after the ASX 200 fund manager reported its full-year results for the 2022 financial year this morning.

Australian Ethical shares have fallen 4% to $6.45 at the time of writing. They closed at $6.72 yesterday and opened at $6.79 this morning.

Australian Ethical share price falls on lacklustre full-year results

Here’s a summary of what the ethically-minded fund manager reported this morning:

• Total revenue of $70.78 million, up 20% over FY21’s $59.1 million
• 2% growth in funds under management (FUM) to $6.2 billion
• 7% drop in underlying profits before tax to $10.3 million
• 15% fall in net profit after tax (NPAT) to $9.6 million
• Final dividend of 3 cents per share declared, fully franked.

Overall FUM growth for Australian Ethical over FY22 was 2% and came to $6.2 billion. However, the company reported that it had enjoyed 20% growth in retail and wholesale net flows to $1.14 billion. Australian Ethical also saw a record net flow of $750 million into superannuation, an increase of 20%.

Meanwhile, the fund manager’s overall customer base continued to grow as well. Australian Ethical reported a 16.55% increase in customers from 71,273 in FY21 to 83,066 in FY22.

The fully franked final dividend of 3 cents per share is down 25% from last year’s final payment of 4 cents per share.

What else happened in FY22?

Australian Ethical’s funds had a tough year. The company reported that its MySuper Balanced Accumulation Option delivered a loss of 6.3% for the 12 months to 30 June 2022, underperforming its benchmark, which lost 3.4%.

Outside super, Australian Ethical’s Australian Shares Fund went backwards by 17.8% over FY22. That’s under the S&P/ASX 300 Accumulation Index benchmark, which delivered a loss of 6.8%.

What did management say?

Here’s some of what Australian Ethical CEO John Mcmurdo had to say on these numbers today:

Australian Ethical has delivered another set of positive results despite the volatility in investment markets and widespread macroeconomic uncertainty.

Our operating revenue has increased and profit has remained solid as we invested in line with our high growth strategy. At a time when many in the financial services industry are seeing outflows, we’ve seen strong growth in both retail and wholesale net flows, as well as customer numbers, as people seek to invest in line with their values.

Our long-term investment performance remains competitive with our ethical conviction intact. As a leading pureplay ethical investor, we’re proud to stay the course through market cycles because we’ve demonstrated that our ethical approach delivers over the long term.

What’s next?

Looking to FY23, Australian Ethical’s management noted that there are still many headwinds facing global investment markets. These include the war in Ukraine, high inflation, and rising interest rates.

However, the company still expects “the growth in net flows to continue in FY23, with further diligent investment in the business as we execute on our strategic roadmap, balancing market volatility with the growth opportunity”.

It concluded by stating “our profit outlook will reflect the higher growth in operating expenses versus revenue”.

Australian Ethical share price snapshot

Including the falls we have seen in the Australian Ethical share price this Friday, it has indeed been a tough year for the company. Australian Ethical shares remain down 52% so far in 2022. They are also down 32% over the past 12 months.

At the current Australian Ethical share price, this ASX 200 fund manager has a market capitalisation of $737.3 million, with a dividend yield of 1.07%.

The post Australian Ethical shares fall as profits slide 15% appeared first on The Motley Fool Australia.

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More reading

• I rate these top ASX growth shares as buys in August

Motley Fool contributor Sebastian Bowen has no position in any of the stocks mentioned. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has positions in and has recommended Australian Ethical Investment Ltd. The Motley Fool Australia has recommended Australian Ethical Investment Ltd. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.

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The Wesfarmers Ltd (ASX: WES) share price is lifting after a rocky start to Friday’s session following the release of the S&P/ASX 200 Index (ASX: XJO) giant’s full-year earnings.

That’s despite brokers’ seemingly positive response to its financial year 2022 (FY22) performance.

The Wesfarmers share price opened 1.2% higher at $48.20 this morning before plunging to a low of $46.70, marking a 2% tumble.

It’s since recovered to trade 1.66% higher at $48.43 at the time of writing.

Let’s take a look at how brokers are responding to the retail company’s FY22 earnings.

Wesfarmers share price overcomes rocky start on Friday

The Wesfarmers share price is lifting after a rough start to the session. Its wobbly performance comes on the back of news the company’s revenue surged in FY22 while its profits sunk.

As The Motley Fool Australia reported earlier, the conglomerate behind Bunnings, Kmart, and Officeworks posted a $1 fully franked final dividend.

E&P analyst Phil Kimber dubbed the results “positive”, The Australian reports, saying the company’s $3.6 billion of earnings before interest and tax (EBIT) surpassed the $3.4 billion consensus estimate.

The expert was quoted as predicting expert consensus upgrades of between 3% and 5% following the result’s release.

Meanwhile, Barrenjoey’s Tom Keirath reportedly labelled the company’s earnings “strong” and its FY23 outlook “bullish“.

Wesfarmers said the first seven weeks of FY23 had brought robust retail trading conditions. It has also seen strong sales growth in some of its key retail business over the period.

On top of its results, it revealed its found indications of historical payroll errors in its recently acquired API business. The company said:

API has commenced work to confirm any payment errors and identify affected team members in order to implement a remediation program as soon as possible.

The cost of remediation is not expected to impact reported earnings for the health division.

The post Wesfarmers share price lifts as earnings beat brokers’ consensus appeared first on The Motley Fool Australia.

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More reading

• Wesfarmers share price in focus as profit slips to $2.35b
• Earnings preview: Here are the ASX shares reporting today
• 5 things to watch on the ASX 200 on Friday
• Wesfarmers share price edges higher ahead of Thursday’s results
• Here’s what happened to the Wesfarmers share price last time the company reported

Motley Fool contributor Brooke Cooper has no position in any of the stocks mentioned. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has no position in any of the stocks mentioned. The Motley Fool Australia has positions in and has recommended Wesfarmers Limited. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.

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The Oz Minerals Limited (ASX: OZL) share price is remaining steady after the release of a half-year result lacking growth.

At the time of writing, shares in the copper and gold miner are trading 0.3% higher to $26.28.

What is the Oz Minerals share price reacting to?

• Net revenue down 8% from prior corresponding period to $908.6 million
• Copper and gold sales down 6% and 25% respectively
• Earnings before interest, taxation, depreciation and amortisation (EBITDA) down 36% to $358.3 million
• Net profit after tax (NPAT) down 59% to $109.2 million
• Closing cash at $107 million, down from $215.4 million at December 2021
• All-in sustaining cost (AISC) of US$1.91 per pound, up from US$1.36

What happened during the half?

Despite the relative strength of commodities in recent times, Oz Minerals made no secret that the latest half was a challenging period. Yet, investors seem to not be too worried as the Oz Minerals share price inches ahead.

According to the report, a confluence of factors combined during the six-month window. The effects led to a weaker result than was hoped in the first half. These headwinds included inflationary costs, adverse weather, and COVID-19 absenteeism.

In terms of operational developments, the Pedra Branca copper-gold mine at Carajás East in Northern Brazil reached full production in June. The mining hub produced 4,887 tonnes of copper and 3,657 ounces of gold throughout the half.

Additionally, progress was made in the Carrapateenna Province. While the focus was on cave expansion, management is expecting to soon flip the switch to focus on maximising ore production in the second half.

Notably, the team achieved a milestone of 100,000 tonnes of copper produced in April alone at Carrapateena. This could be feeding into the relative optimism around the Oz Minerals share price today.

What did management say?

In the face of a disappointing result, Oz Minerals chief executive Andrew Cole provided some uplifting commentary. Regarding the positive takeaways, Cole said:

The quality and high margin nature of our assets provided a healthy operating margin of 40% and robust operating cash flow during the half. We continue to invest in and advance our unique organic growth pipeline to take full advantage of the growing long-term demand for copper and nickel, driven by global electrification and accelerated decarbonisation.

Furthermore, shareholders might find solace in the fact that Oz Minerals will still pay a dividend. However, the interim payment of 8 cents per share fully franked is half of what was dished out a year ago.

What’s next?

A major component of mining profits comes down to the costs associated with receiving the ore. This might explain why shareholders are more forgiving of the Oz Minerals share price today. Importantly, management expects AISC to moderate, reaching a range of US$1.60 to US$1.80 per pound.

Additionally, copper production is expected to be between 120,000 to 135,000 tonnes. While gold production is slated to come in at between 208,000 to 230,000 ounces.

Interestingly, no mention was made of the recent takeover bid lobbed its way from BHP Group Ltd (ASX: BHP).

Oz Minerals share price snapshot

The Oz Minerals share price has been an outperformer of the S&P/ASX 200 Index (ASX: XJO) over the past 12 months. However, that probably wouldn’t be the case if not for the recent BHP bid.

Prior to the $25 per share offer, Oz Minerals shares were down 18% from a year ago

The post Oz Minerals share price holds tight as profits plummet 60% appeared first on The Motley Fool Australia.

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More reading

• Could ASX battery minerals shares be in for a boost next month?
• The OZ Minerals share price has barely moved since rocketing on BHP’s takeover bid. So, what now?
• How have ASX nickel stocks been performing in 2022?
• Why has the Panoramic Resources share price surged 40% in a month?
• Why is nickel such a big deal and which ASX shares have exposure?

Motley Fool contributor Mitchell Lawler has no position in any of the stocks mentioned. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has no position in any of the stocks mentioned. The Motley Fool Australia has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.

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The PeopleIn Ltd (ASX: PPE) share price is surging this morning following the release of the company’s FY22 earnings results.

At the time of writing, the PeopleIn share price is up 11.6% at $3.74 after spiking 17.6% off yesterday’s close to a high of $3.94 in earlier trading.

Revenue and profit growth in FY22

Key takeouts from the workforce management company’s year include:

• Revenue of $682.4 million, up 53.6% on FY21’s result
• Organic revenue growth contribution of 15.9% for the year
• Normalised earnings before interest, tax, depreciation, and amortisation (EBITDA) of $47.2 million, a gain of 23.9% year on year
• Normalised net profit after tax and before amortisation (NPATA) of $31.9 million, a gain of 27.7%
• Normalised NPATA per share of 32.3 cents, up 19.8%
• Dividends per share for the full year FY22 of 13 cents

What else happened?

PeopleIn recognised growth throughout its FY22 income statement, with a particularly strong gain in revenue, up nearly 54% year on year.

The company said that its business growth in FY22 stemmed from higher demand for
staffing services, as business operating levels shifted higher than before COVID-19.

In addition, acquisitions of Vision Surveys QLD Pty Ltd and GMT Group in 2021, alongside Perigon Group and FIP Group in 2022, were also accretive to both revenue and earnings.

PeopleIn also declared a fully-franked final dividend of 6.5 cents per share, representing an 8% increase on the final dividend in FY21.

Management commentary

Speaking on the announcement, CEO Ross Thompson said:

Operating conditions continue to be positive for PeopleIN given the strength of the employment market and unprecedented demand from clients for employees. Based on the operating results for the financial year and current economic conditions continuing, PeopleIN expects strong organic growth performance to continue in FY23.

The number and diversity of our clients, and critical demand for their services, mean that our core business is resilient even in the event of economic uncertainty. Our strategy has always been to focus on growing in sectors that are defensive and have long term demand for talent.

PeopleIn share price snapshot

In the past 12 months, the PeopleIn share price has slipped 11% into the red. Despite this, it has surged more than 17% in the last month of trade and lifted a further 10% this week.

The post PeopleIn shares spike 17% as earnings come in above guidance for FY22 appeared first on The Motley Fool Australia.

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Motley Fool contributor Zach Bristow has no position in any of the stocks mentioned. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has positions in and has recommended Peoplein. The Motley Fool Australia has recommended Peoplein. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.

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This article was originally published on Fool.com. All figures quoted in US dollars unless otherwise stated.

This article was originally published on Fool.com. All figures quoted in US dollars unless otherwise stated.

Amazon (NASDAQ: AMZN) reported better-than-expected second-quarter earnings on July 28, beating multiple forecasts set by Wall Street. The company’s shares soared 24% from July 26 to Aug. 18 as bullish investors put their faith in it.

However, Amazon’s stock still has room for growth, with two of its recent acquisitions looking especially promising.

Genius reason No. 1: 

Amazon went on an acquisition spree between July and August, with its first purchase being subscription-based healthcare company 1Life Healthcare (NASDAQ: ONEM), known as One Medical, for approximately $3.9 billion. The buyout will see Amazon venture into healthcare, an industry the company has been eyeing for some time. The acquisition might be a match made in heaven, considering One Medical’s mission and Amazon’s unique resources, which will undoubtedly boost the company. 

As described in Amazon’s press release on the acquisition, “One Medical combines in-person care in inviting offices across the country with digital health and virtual care services.” Telehealth services soared in popularity throughout the worst of the pandemic, with virtual healthcare company Teladoc Health‘s stock seeing a significant rise. However, the health stock’s nosedive of 65.4% year to date could be Amazon’s gain. 

If the purchase is successful, Amazon will take control of One Medical’s almost 200 locations and roughly 770,000 patients nationwide — a significantly larger reach than Teladoc. Additionally, Amazon has the chance to incorporate its own technologies, such as unmatched delivery infrastructure and an established subscription service with over 200 million members worldwide. Breaking into the healthcare industry might not come easy, but it seems that Amazon is more than capable of succeeding in its health endeavors. 

Genius reason No. 2: 

On Aug. 5, Amazon announced plans to acquire consumer robotics company iRobot (NASDAQ: IRBT), the result of a deal valued at approximately $1.7 billion. Compared to One Medical, the purchase is arguably less risky and fits nicely into the company’s current product lineup. 

Amazon has gradually pushed into the smart-home industry over the years with its line of Alexa-enabled products, such as smart speakers, alarm clocks, thermostats, and security cameras. In addition to iRobot’s incredibly popular robot vacuums, Amazon’s purchase of the company also brings on its team of consumer robotic experts who have the potential to boost the company’s range of smart products as a whole and strengthen its hold on the growing industry.

Moreover, Amazon has turned Alexa into a multibillion-dollar business through its smart devices and app store, called Alexa Skills. Developers have flocked to create various Alexa Skills, from which Amazon keeps 30% of the profits. In 2019, analysts estimated Amazon generates $2 billion a year from Alexa skills, with the company keeping $600 million. The acquisition of iRobot only increases the variety of smart products and Alexa Skills the company could offer, which could pay off in a big way for Amazon. 

An opportunity for investors

Although Amazon’s stock has soared since July, it still remains down at least 24% since the height it reached in November 2021. In addition to its recent acquisitions, the company has several promising opportunities on the horizon that should excite investors. Amazon’s advertising endeavors have proven especially fruitful for the company as the segment has generated $33.9 billion of revenue over the last four quarters, and the company is getting ready to dive deeper into the industry.  

Amazon has some exciting developments coming to its streaming service Prime Video in September, such as exclusively broadcasting NFL’s Thursday Night Football and the premiere of its highly anticipated Lord of the Rings series, The Rings of Power. Both content additions have the potential to pull in millions of viewers, while Thursday Night Football can also further the company’s already successful advertising endeavors. 

Amazon has a bright future ahead, and investors should be bullish about its stock as its promising outlook makes it an excellent long-term buy. 

This article was originally published on Fool.com. All figures quoted in US dollars unless otherwise stated.

The post 2 genius reasons to buy Amazon stock today appeared first on The Motley Fool Australia.

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John Mackey, CEO of Whole Foods Market, an Amazon subsidiary, is a member of The Motley Fool’s board of directors. John Mackey, CEO of Whole Foods Market, an Amazon subsidiary, is a member of The Motley Fool’s board of directors. Dani Cook has no position in any of the stocks mentioned. The Motley Fool has positions in and recommends Amazon, Teladoc Health, and iRobot. The Motley Fool has a disclosure policy. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has positions in and has recommended Amazon and iRobot. The Motley Fool Australia has recommended Amazon and iRobot. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.

This article was originally published on Fool.com. All figures quoted in US dollars unless otherwise stated.

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