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

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

Other research analysts also recently issued research reports about the company. TheStreet upgraded Amazon.com from a c+ rating to a b- rating in a research note on Tuesday, November 7th. Needham & Company LLC set a $1,150.00 target price on Amazon.com and gave the stock a buy rating in a research note on Friday, August 25th. Independent Research restated a buy rating on shares of Amazon.com in a research note on Wednesday, August 23rd. Tigress Financial restated a buy rating on shares of Amazon.com in a research note on Wednesday, August 9th. Finally, Mizuho restated a buy rating and issued a $1,250.00 target price on shares of Amazon.com in a research note on Monday, August 7th. Four investment analysts have rated the stock with a hold rating and fifty have given a buy rating to the company. The company presently has a consensus rating of Buy and a consensus price target of $1,219.02.

Amazon.com (NASDAQ AMZN) opened at $1,152.35 on Monday. Amazon.com has a 12 month low of $747.70 and a 12 month high of $1,213.41. The company has a quick ratio of 0.74, a current ratio of 1.03 and a debt-to-equity ratio of 1.00. The company has a market capitalization of $550,090.81, a PE ratio of 289.74, a price-to-earnings-growth ratio of 14.30 and a beta of 1.47.

Amazon.com (NASDAQ:AMZN) last issued its earnings results on Thursday, October 26th. The e-commerce giant reported $0.52 EPS for the quarter, missing the consensus estimate of $1.09 by ($0.57). Amazon.com had a return on equity of 8.67% and a net margin of 1.20%. The company had revenue of $43.74 billion during the quarter, compared to the consensus estimate of $42.26 billion. During the same quarter in the prior year, the business earned $0.52 EPS. The firm’s revenue for the quarter was up 33.7% compared to the same quarter last year. equities analysts expect that Amazon.com will post 4.24 earnings per share for the current year.

In other Amazon.com news, Director Tom A. Alberg sold 835 shares of Amazon.com stock in a transaction that occurred on Monday, November 27th. The stock was sold at an average price of $1,202.74, for a total value of $1,004,287.90. Following the transaction, the director now directly owns 17,114 shares of the company’s stock, valued at approximately $20,583,692.36. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Jeffrey P. Bezos sold 391,110 shares of Amazon.com stock in a transaction that occurred on Wednesday, November 1st. The stock was sold at an average price of $1,103.53, for a total value of $431,601,618.30. Following the completion of the transaction, the chief executive officer now directly owns 79,891,433 shares in the company, valued at $88,162,593,058.49. The disclosure for this sale can be found here. Insiders sold a total of 399,538 shares of company stock worth $441,142,749 over the last ninety days. Insiders own 17.70% of the company’s stock.

Several institutional investors and hedge funds have recently bought and sold shares of AMZN. Whitnell & Co. increased its stake in shares of Amazon.com by 581.3% during the third quarter. Whitnell & Co. now owns 109 shares of the e-commerce giant’s stock valued at $105,000 after buying an additional 93 shares during the period. Vestor Capital LLC increased its stake in shares of Amazon.com by 10.1% during the second quarter. Vestor Capital LLC now owns 109 shares of the e-commerce giant’s stock valued at $106,000 after buying an additional 10 shares during the period. Clear Investment Research LLC increased its stake in shares of Amazon.com by 73,100.0% during the second quarter. Clear Investment Research LLC now owns 732 shares of the e-commerce giant’s stock valued at $107,000 after buying an additional 731 shares during the period. WealthTrust Arizona LLC increased its stake in shares of Amazon.com by 2.7% during the second quarter. WealthTrust Arizona LLC now owns 114 shares of the e-commerce giant’s stock valued at $110,000 after buying an additional 3 shares during the period. Finally, LeJeune Puetz Investment Counsel LLC purchased a new position in shares of Amazon.com during the second quarter valued at approximately $116,000. 59.79% of the stock is currently owned by hedge funds and other institutional investors.

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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 Company’s products include merchandise and content that it purchases for resale from vendors and those offered by third-party sellers.

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