The Goldman Sachs Group Trims Amazon.com (NASDAQ:AMZN) Target Price to $230.00

Amazon.com (NASDAQ:AMZN) had its price target trimmed by The Goldman Sachs Group from $250.00 to $230.00 in a report issued on Friday, Benzinga reports. The brokerage currently has a buy rating on the e-commerce giant’s stock.

Several other equities research analysts have also recently commented on the company. Moffett Nathanson reaffirmed a buy rating and set a $228.00 price objective on shares of Amazon.com in a research report on Thursday, April 11th. Morgan Stanley increased their price objective on Amazon.com from $220.00 to $240.00 and gave the company an overweight rating in a research report on Tuesday, July 23rd. Truist Financial increased their price objective on Amazon.com from $220.00 to $230.00 and gave the company a buy rating in a research report on Monday, July 22nd. JMP Securities reissued a market outperform rating and issued a $225.00 target price on shares of Amazon.com in a report on Wednesday. Finally, TD Securities increased their target price on Amazon.com from $225.00 to $245.00 in a report on Wednesday, July 10th. Two analysts have rated the stock with a hold rating, forty-three have issued a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of Moderate Buy and a consensus price target of $218.91.

Amazon.com Trading Down 8.8 %

NASDAQ AMZN opened at $167.90 on Friday. Amazon.com has a 12 month low of $118.35 and a 12 month high of $201.20. The stock has a market cap of $1.75 trillion, a P/E ratio of 47.03, a P/E/G ratio of 1.32 and a beta of 1.15. The stock’s fifty day moving average price is $187.12 and its 200-day moving average price is $179.54. The company has a current ratio of 1.07, a quick ratio of 0.87 and a debt-to-equity ratio of 0.27.

Amazon.com (NASDAQ:AMZN) last released its earnings results on Tuesday, April 30th. The e-commerce giant reported $0.98 EPS for the quarter, topping analysts’ consensus estimates of $0.83 by $0.15. Amazon.com had a return on equity of 22.35% and a net margin of 7.35%. The firm had revenue of $143.31 billion for the quarter, compared to analysts’ expectations of $142.65 billion. During the same period in the prior year, the firm posted $0.31 earnings per share. The company’s quarterly revenue was up 12.5% on a year-over-year basis. As a group, equities analysts forecast that Amazon.com will post 4.73 EPS for the current fiscal year.

Insider Buying and Selling at Amazon.com

In other news, insider Jeffrey P. Bezos sold 266,396 shares of Amazon.com stock in a transaction that occurred on Wednesday, July 10th. The stock was sold at an average price of $200.01, for a total value of $53,281,863.96. Following the completion of the transaction, the insider now owns 928,433,873 shares in the company, valued at approximately $185,696,058,938.73. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. In other news, insider Jeffrey P. Bezos sold 266,396 shares of Amazon.com stock in a transaction that occurred on Wednesday, July 10th. The stock was sold at an average price of $200.01, for a total value of $53,281,863.96. Following the completion of the transaction, the insider now owns 928,433,873 shares in the company, valued at approximately $185,696,058,938.73. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CEO Andrew R. Jassy sold 20,784 shares of Amazon.com stock in a transaction that occurred on Tuesday, May 21st. The stock was sold at an average price of $181.44, for a total value of $3,771,048.96. Following the completion of the transaction, the chief executive officer now owns 2,025,358 shares of the company’s stock, valued at approximately $367,480,955.52. The disclosure for this sale can be found here. Insiders sold 6,109,490 shares of company stock worth $1,221,619,033 in the last quarter. 10.80% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Amazon.com

A number of institutional investors and hedge funds have recently modified their holdings of AMZN. Norges Bank bought a new stake in shares of Amazon.com during the 4th quarter worth approximately $17,700,551,000. International Assets Investment Management LLC lifted its stake in shares of Amazon.com by 16,029.3% during the 4th quarter. International Assets Investment Management LLC now owns 23,865,216 shares of the e-commerce giant’s stock worth $36,260,810,000 after acquiring an additional 23,717,254 shares during the last quarter. Vanguard Group Inc. lifted its stake in shares of Amazon.com by 1.9% during the 1st quarter. Vanguard Group Inc. now owns 785,811,114 shares of the e-commerce giant’s stock worth $141,744,609,000 after acquiring an additional 14,724,687 shares during the last quarter. Swedbank AB bought a new stake in shares of Amazon.com during the 1st quarter worth approximately $2,239,757,000. Finally, Capital World Investors lifted its stake in shares of Amazon.com by 64.6% during the 1st quarter. Capital World Investors now owns 29,359,677 shares of the e-commerce giant’s stock worth $5,295,899,000 after acquiring an additional 11,524,463 shares during the last quarter. 72.20% of the stock is owned by institutional investors.

About Amazon.com

Amazon.com, Inc engages in the retail sale of consumer products, advertising, and subscriptions service through online and physical stores in North America and internationally. The company operates through three segments: North America, International, and Amazon Web Services (AWS). It also manufactures and sells electronic devices, including Kindle, Fire tablets, Fire TVs, Echo, Ring, Blink, and eero; and develops and produces media content.