Amazon.com, Inc. (NASDAQ:AMZN)‘s stock had its “buy” rating reiterated by investment analysts at Goldman Sachs Group, Inc. (The) in a report released on Friday.

Several other equities analysts have also recently weighed in on AMZN. Cowen and Company reissued an “outperform” rating and set a $1,050.00 price target on shares of Amazon.com in a report on Thursday, February 16th. SunTrust Banks, Inc. reissued a “hold” rating and set a $850.00 price target on shares of Amazon.com in a report on Tuesday, February 21st. Citigroup Inc. reissued a “buy” rating on shares of Amazon.com in a report on Wednesday, February 22nd. CLSA reissued an “outperform” rating and set a $950.00 price target on shares of Amazon.com in a report on Wednesday, February 22nd. Finally, Evercore ISI reissued an “overweight” rating on shares of Amazon.com in a report on Monday, February 27th. Five equities research analysts have rated the stock with a hold rating and forty-six have given a buy rating to the company. Amazon.com has an average rating of “Buy” and a consensus target price of $1,020.96.

Analyst Recommendations for Amazon.com (NASDAQ:AMZN)

Shares of Amazon.com (AMZN) opened at 995.17 on Friday. The stock has a market capitalization of $475.67 billion, a P/E ratio of 187.41 and a beta of 1.47. The firm has a 50-day moving average price of $972.65 and a 200-day moving average price of $868.90. Amazon.com has a 52-week low of $682.11 and a 52-week high of $1,017.00.

Amazon.com (NASDAQ:AMZN) last released its quarterly earnings results on Thursday, April 27th. The e-commerce giant reported $1.48 earnings per share for the quarter, beating the consensus estimate of $1.03 by $0.45. The firm had revenue of $35.71 billion for the quarter, compared to analysts’ expectations of $35.31 billion. Amazon.com had a return on equity of 13.72% and a net margin of 1.81%. The company’s revenue was up 22.6% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.07 EPS. On average, analysts predict that Amazon.com will post $6.68 EPS for the current year.

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In related news, insider David Zapolsky sold 505 shares of the company’s stock in a transaction dated Tuesday, May 2nd. The shares were sold at an average price of $946.59, for a total transaction of $478,027.95. Following the completion of the sale, the insider now owns 2,018 shares of the company’s stock, valued at approximately $1,910,218.62. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, CEO Jeffrey P. Bezos sold 1,000,000 shares of the company’s stock in a transaction dated Thursday, May 4th. The shares were sold at an average price of $940.74, for a total transaction of $940,740,000.00. Following the sale, the chief executive officer now directly owns 80,857,196 shares of the company’s stock, valued at approximately $76,065,598,565.04. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 1,013,380 shares of company stock valued at $953,846,866. 17.70% of the stock is owned by corporate insiders.

Hedge funds have recently made changes to their positions in the stock. BlackRock Inc. boosted its stake in shares of Amazon.com by 2,619.9% in the first quarter. BlackRock Inc. now owns 23,370,831 shares of the e-commerce giant’s stock valued at $20,719,178,000 after buying an additional 22,511,571 shares in the last quarter. Norges Bank acquired a new stake in shares of Amazon.com during the fourth quarter valued at about $2,736,365,000. Vanguard Group Inc. boosted its stake in shares of Amazon.com by 3.8% in the first quarter. Vanguard Group Inc. now owns 26,099,271 shares of the e-commerce giant’s stock valued at $23,138,047,000 after buying an additional 962,458 shares in the last quarter. Asset Management One Co. Ltd. boosted its stake in shares of Amazon.com by 728.9% in the fourth quarter. Asset Management One Co. Ltd. now owns 696,134 shares of the e-commerce giant’s stock valued at $522,899,000 after buying an additional 612,153 shares in the last quarter. Finally, State Street Corp boosted its stake in shares of Amazon.com by 3.5% in the fourth quarter. State Street Corp now owns 16,357,782 shares of the e-commerce giant’s stock valued at $12,266,213,000 after buying an additional 548,945 shares in the last quarter. 63.45% of the stock is owned by institutional investors.

About Amazon.com

Amazon.com, Inc offers a range of products and services through its Websites. The Company operates through three segments: North America, International and Amazon Web Services (AWS). The North America segment consists of retail sales of consumer products (including from sellers) and subscriptions through North America-focused Websites, such as www.amazon.com, www.amazon.ca and www.amazon.com.mx.

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