Amazon.com’s (AMZN) Buy Rating Reiterated at Goldman Sachs Group

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Amazon.com (NASDAQ:AMZN)‘s stock had its “buy” rating reaffirmed by equities research analysts at Goldman Sachs Group in a note issued to investors on Friday, Borsen Zeitung reports.

Several other equities analysts also recently commented on AMZN. JMP Securities increased their target price on shares of Amazon.com from $2,050.00 to $2,275.00 and gave the stock an “outperform” rating in a research report on Monday, April 29th. Stifel Nicolaus reissued a “buy” rating and set a $2,300.00 target price on shares of Amazon.com in a research report on Monday, April 22nd. Wells Fargo & Co set a $2,100.00 target price on shares of Amazon.com and gave the stock a “buy” rating in a research report on Monday, March 18th. CIBC increased their target price on shares of Amazon.com from $1,975.00 to $2,085.00 and gave the stock an “outperform” rating in a research report on Monday, April 1st. Finally, Piper Jaffray Companies increased their target price on shares of Amazon.com from $2,070.00 to $2,225.00 and gave the stock an “overweight” rating in a research report on Friday, April 26th. Three analysts have rated the stock with a hold rating and forty-five have issued a buy rating to the stock. The stock presently has an average rating of “Buy” and a consensus target price of $2,196.39.

Amazon.com stock opened at $2,011.00 on Friday. The company has a debt-to-equity ratio of 0.48, a current ratio of 1.09 and a quick ratio of 0.83. The firm has a market capitalization of $990.08 billion, a P/E ratio of 83.97, a price-to-earnings-growth ratio of 2.29 and a beta of 1.57. Amazon.com has a one year low of $1,307.00 and a one year high of $2,050.50. The stock’s fifty day simple moving average is $1,872.60.

Amazon.com (NASDAQ:AMZN) last posted its earnings results on Thursday, April 25th. The e-commerce giant reported $7.09 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $4.61 by $2.48. The firm had revenue of $59.70 billion for the quarter, compared to the consensus estimate of $59.73 billion. Amazon.com had a net margin of 4.97% and a return on equity of 28.91%. The business’s quarterly revenue was up 17.0% on a year-over-year basis. During the same period in the prior year, the business posted $3.27 earnings per share. Equities research analysts forecast that Amazon.com will post 26.55 EPS for the current year.

In related news, VP Shelley Reynolds sold 379 shares of the stock in a transaction dated Wednesday, May 15th. The shares were sold at an average price of $1,838.32, for a total value of $696,723.28. Following the completion of the sale, the vice president now owns 6,307 shares in the company, valued at $11,594,284.24. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, CEO Andrew R. Jassy sold 7,308 shares of the stock in a transaction dated Wednesday, July 10th. The shares were sold at an average price of $2,000.00, for a total transaction of $14,616,000.00. Following the completion of the sale, the chief executive officer now owns 92,614 shares of the company’s stock, valued at approximately $185,228,000. The disclosure for this sale can be found here. In the last quarter, insiders sold 18,993 shares of company stock valued at $36,698,207. 16.10% of the stock is owned by corporate insiders.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Signet Investment Advisory Group Inc. bought a new position in Amazon.com during the fourth quarter worth about $33,000. Spence Asset Management lifted its stake in Amazon.com by 127.3% during the fourth quarter. Spence Asset Management now owns 25 shares of the e-commerce giant’s stock worth $38,000 after purchasing an additional 14 shares during the period. Financial Advantage Inc. bought a new position in Amazon.com during the fourth quarter worth about $45,000. Contravisory Investment Management Inc. lifted its stake in Amazon.com by 112.5% during the fourth quarter. Contravisory Investment Management Inc. now owns 34 shares of the e-commerce giant’s stock worth $51,000 after purchasing an additional 18 shares during the period. Finally, O Brien Wealth Partners LLC lifted its stake in Amazon.com by 104.8% during the fourth quarter. O Brien Wealth Partners LLC now owns 43 shares of the e-commerce giant’s stock worth $72,000 after purchasing an additional 22 shares during the period. Institutional investors and hedge funds own 55.47% of the company’s stock.

Amazon.com Company Profile

Amazon.com, Inc engages in the retail sale of consumer products and subscriptions in North America and internationally. The company operates through three segments: North America, International, and Amazon Web Services (AWS) segments. It sells merchandise and content purchased for resale from third-party sellers through physical stores and online stores.

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Analyst Recommendations for Amazon.com (NASDAQ:AMZN)

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