Amazon.com (AMZN) Earns “Buy” Rating from Goldman Sachs Group

Goldman Sachs Group reiterated their buy rating on shares of Amazon.com (NASDAQ:AMZN) in a research note released on Monday morning.

Several other analysts have also issued reports on AMZN. Citigroup upped their price target on shares of Amazon.com from $2,100.00 to $2,250.00 and gave the company a buy rating in a research report on Monday, September 10th. Wells Fargo & Co restated a buy rating and set a $2,300.00 price target (up from $2,110.00) on shares of Amazon.com in a research report on Monday, September 10th. Macquarie restated a buy rating on shares of Amazon.com in a research report on Monday, September 10th. Barclays restated a buy rating on shares of Amazon.com in a research report on Tuesday, September 11th. Finally, ValuEngine upgraded shares of Amazon.com from a hold rating to a buy rating in a research report on Thursday, September 13th. Three research analysts have rated the stock with a hold rating and forty-seven have assigned a buy rating to the company. Amazon.com presently has a consensus rating of Buy and an average price target of $2,087.85.

NASDAQ AMZN opened at $1,656.22 on Monday. The company has a quick ratio of 0.80, a current ratio of 1.08 and a debt-to-equity ratio of 0.63. Amazon.com has a 12-month low of $1,256.46 and a 12-month high of $2,050.50. The stock has a market cap of $770.32 billion, a price-to-earnings ratio of 364.00, a price-to-earnings-growth ratio of 2.21 and a beta of 1.66.

Amazon.com (NASDAQ:AMZN) last posted its quarterly earnings results on Thursday, October 25th. The e-commerce giant reported $5.75 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.29 by $2.46. Amazon.com had a net margin of 4.03% and a return on equity of 24.35%. The business had revenue of $56.58 billion during the quarter, compared to analyst estimates of $57.05 billion. Sell-side analysts predict that Amazon.com will post 19.49 earnings per share for the current fiscal year.

In related news, Director Daniel P. Huttenlocher sold 181 shares of the stock in a transaction dated Thursday, November 15th. The shares were sold at an average price of $1,579.89, for a total value of $285,960.09. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Jeffrey A. Wilke sold 1,230 shares of the stock in a transaction dated Tuesday, November 20th. The stock was sold at an average price of $1,506.94, for a total transaction of $1,853,536.20. The disclosure for this sale can be found here. Over the last three months, insiders sold 23,842 shares of company stock valued at $38,549,801. 16.30% of the stock is owned by insiders.

A number of hedge funds have recently added to or reduced their stakes in the stock. Boltwood Capital Management increased its stake in shares of Amazon.com by 1.9% during the fourth quarter. Boltwood Capital Management now owns 382 shares of the e-commerce giant’s stock valued at $573,000 after purchasing an additional 7 shares in the last quarter. Beaton Management Co. Inc. increased its stake in shares of Amazon.com by 1.0% during the third quarter. Beaton Management Co. Inc. now owns 1,034 shares of the e-commerce giant’s stock valued at $2,071,000 after purchasing an additional 10 shares in the last quarter. Spence Asset Management increased its stake in shares of Amazon.com by 127.3% during the fourth quarter. Spence Asset Management now owns 25 shares of the e-commerce giant’s stock valued at $38,000 after purchasing an additional 14 shares in the last quarter. Ellenbecker Investment Group increased its stake in shares of Amazon.com by 8.0% during the fourth quarter. Ellenbecker Investment Group now owns 229 shares of the e-commerce giant’s stock valued at $344,000 after purchasing an additional 17 shares in the last quarter. Finally, Lynch & Associates IN increased its stake in shares of Amazon.com by 4.6% during the fourth quarter. Lynch & Associates IN now owns 383 shares of the e-commerce giant’s stock valued at $575,000 after purchasing an additional 17 shares in the last quarter. 55.57% of the stock is owned by institutional investors.

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 vendors, as well as those offered by third-party sellers through physical stores and retail Websites, such as amazon.com, amazon.ca, amazon.com.mx, amazon.com.au, amazon.com.br, amazon.cn, amazon.fr, amazon.de, amazon.in, amazon.it, amazon.co.jp, amazon.nl, amazon.es, and amazon.co.uk.

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Analyst Recommendations for Amazon.com (NASDAQ:AMZN)

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