Goldman Sachs Group reiterated their buy rating on shares of Amazon.com (NASDAQ:AMZN) in a research report sent to investors on Wednesday morning, Borsen Zeitung reports.

A number of other brokerages also recently commented on AMZN. JPMorgan Chase & Co. restated a buy rating on shares of Amazon.com in a research note on Monday, April 29th. Zacks Investment Research downgraded Amazon.com from a buy rating to a hold rating in a research note on Monday, April 29th. JMP Securities upped their price target on Amazon.com from $2,050.00 to $2,275.00 and gave the stock an outperform rating in a research note on Monday, April 29th. Piper Jaffray Companies upped their price target on Amazon.com from $2,070.00 to $2,225.00 and gave the stock an overweight rating in a research note on Friday, April 26th. Finally, Bank of America upped their price target on Amazon.com from $2,100.00 to $2,300.00 and gave the stock a buy rating in a research note on Friday, April 26th. Five investment analysts have rated the stock with a hold rating and forty-three have issued a buy rating to the company’s stock. The stock presently has a consensus rating of Buy and a consensus target price of $2,196.39.

Shares of NASDAQ AMZN opened at $1,869.67 on Wednesday. The company has a current ratio of 1.09, a quick ratio of 0.83 and a debt-to-equity ratio of 0.48. Amazon.com has a one year low of $1,307.00 and a one year high of $2,050.50. The stock has a market capitalization of $920.81 billion, a price-to-earnings ratio of 92.83, a PEG ratio of 2.13 and a beta of 1.62.

Amazon.com (NASDAQ:AMZN) last issued its earnings results on Thursday, April 25th. The e-commerce giant reported $7.09 EPS for the quarter, beating analysts’ consensus estimates of $4.61 by $2.48. Amazon.com had a return on equity of 28.91% and a net margin of 4.97%. The firm had revenue of $59.70 billion for the quarter, compared to the consensus estimate of $59.73 billion. During the same quarter in the previous year, the company posted $3.27 earnings per share. The business’s quarterly revenue was up 17.0% compared to the same quarter last year. On average, equities research analysts anticipate that Amazon.com will post 26.55 EPS for the current fiscal year.

In other Amazon.com news, CEO Jeffrey A. Wilke sold 1,000 shares of the company’s stock in a transaction that occurred on Monday, May 20th. The stock was sold at an average price of $1,858.25, for a total value of $1,858,250.00. Following the completion of the transaction, the chief executive officer now owns 10,000 shares of the company’s stock, valued at approximately $18,582,500. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CEO Jeffrey A. Wilke sold 2,000 shares of the company’s stock in a transaction that occurred on Thursday, March 21st. The shares were sold at an average price of $1,811.14, for a total value of $3,622,280.00. Following the completion of the transaction, the chief executive officer now directly owns 10,000 shares of the company’s stock, valued at approximately $18,111,400. The disclosure for this sale can be found here. In the last ninety days, insiders sold 12,932 shares of company stock valued at $24,196,737. Insiders own 16.10% of the company’s stock.

A number of institutional investors have recently bought and sold shares of the business. Brick & Kyle Associates raised its holdings in shares of Amazon.com by 0.4% in the 1st quarter. Brick & Kyle Associates now owns 3,610 shares of the e-commerce giant’s stock worth $6,429,000 after buying an additional 14 shares in the last quarter. First National Corp MA ADV raised its holdings in shares of Amazon.com by 10.8% in the 1st quarter. First National Corp MA ADV now owns 504 shares of the e-commerce giant’s stock worth $8,910,000 after buying an additional 49 shares in the last quarter. Kayne Anderson Rudnick Investment Management LLC raised its holdings in shares of Amazon.com by 18.5% in the 1st quarter. Kayne Anderson Rudnick Investment Management LLC now owns 59,008 shares of the e-commerce giant’s stock worth $105,078,000 after buying an additional 9,204 shares in the last quarter. Belpointe Asset Management LLC raised its holdings in shares of Amazon.com by 20.5% in the 1st quarter. Belpointe Asset Management LLC now owns 5,721 shares of the e-commerce giant’s stock worth $10,187,000 after buying an additional 975 shares in the last quarter. Finally, Saban Capital Group LLC raised its holdings in shares of Amazon.com by 51.4% in the 1st quarter. Saban Capital Group LLC now owns 3,855 shares of the e-commerce giant’s stock worth $6,865,000 after buying an additional 1,308 shares in the last quarter. 55.51% of the stock is owned by hedge funds and other institutional investors.

About Amazon.com

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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