Amazon.com (NASDAQ:AMZN) Receives Buy Rating from The Goldman Sachs Group

Key Points

• Goldman Sachs reissued a "Buy" rating on Amazon, and analysts' consensus remains a "Moderate Buy" with an average price target of $287.29.
• Amazon agreed to acquire satellite operator Globalstar for about $11.57 billion to accelerate direct-to-device connectivity and challenge SpaceX's Starlink, strengthening AWS and device strategy.
• Amazon reported $1.95 EPS (a $0.02 miss) and revenue of $213.39 billion (beating estimates), with revenue up 13.6% year-over-year while the company trades with a roughly $2.65 trillion market cap.

Amazon.com (NASDAQ:AMZN)'s stock had its "buy" rating reissued by equities research analysts at The Goldman Sachs Group in a note issued to investors on Tuesday,MarketScreener reports.

A number of other equities research analysts have also issued reports on AMZN. Raymond James Financial dropped their target price on shares of Amazon.com from $260.00 to $225.00 and set an "outperform" rating for the company in a report on Friday, February 6th. Sanford C. Bernstein reaffirmed an "outperform" rating on shares of Amazon.com in a report on Friday, February 6th. Daiwa Securities Group lowered their price objective on Amazon.com from $300.00 to $280.00 and set a "buy" rating on the stock in a research note on Wednesday, February 11th. Zacks Research lowered Amazon.com from a "strong-buy" rating to a "hold" rating in a report on Thursday, January 1st. Finally, Citigroup lifted their target price on shares of Amazon.com from $265.00 to $285.00 and gave the stock a "buy" rating in a research note on Wednesday, March 25th. One analyst has rated the stock with a Strong Buy rating, fifty-four have issued a Buy rating and four have given a Hold rating to the company. According to data from MarketBeat.com, Amazon.com has an average rating of "Moderate Buy" and a consensus price target of $287.29.

Amazon.com Stock Up 2.8%

AMZN stock opened at $246.64 on Tuesday. The stock has a market capitalization of $2.65 trillion, a P/E ratio of 34.30, a P/E/G ratio of 1.79 and a beta of 1.38. Amazon.com has a 52 week low of $165.29 and a 52 week high of $258.60. The firm has a 50-day simple moving average of $211.90 and a 200-day simple moving average of $224.33. The company has a quick ratio of 0.88, a current ratio of 1.05 and a debt-to-equity ratio of 0.16.

Amazon.com (NASDAQ:AMZN - Get Free Report) last posted its quarterly earnings data on Thursday, February 5th. The e-commerce giant reported $1.95 EPS for the quarter, missing the consensus estimate of $1.97 by ($0.02). The firm had revenue of $213.39 billion for the quarter, compared to analysts' expectations of $211.02 billion. Amazon.com had a return on equity of 21.87% and a net margin of 10.83%.Amazon.com's quarterly revenue was up 13.6% on a year-over-year basis. During the same quarter last year, the firm posted $1.86 earnings per share. Equities analysts forecast that Amazon.com will post 6.31 earnings per share for the current fiscal year.

Insider Buying and Selling

In other Amazon.com news, CEO Andrew R. Jassy sold 19,872 shares of the stock in a transaction that occurred on Monday, February 23rd. The stock was sold at an average price of $205.18, for a total transaction of $4,077,336.96. Following the completion of the sale, the chief executive officer directly owned 2,238,118 shares of the company's stock, valued at approximately $459,217,051.24. This trade represents a 0.88% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Douglas J. Herrington sold 1,000 shares of the business's stock in a transaction that occurred on Wednesday, April 1st. The shares were sold at an average price of $210.50, for a total value of $210,500.00. Following the completion of the transaction, the chief executive officer directly owned 520,361 shares in the company, valued at approximately $109,535,990.50. The trade was a 0.19% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold 72,686 shares of company stock valued at $14,899,239 over the last 90 days. 10.80% of the stock is currently owned by corporate insiders.

Institutional Trading of Amazon.com

Several hedge funds and other institutional investors have recently made changes to their positions in the company. Fairway Wealth LLC boosted its stake in shares of Amazon.com by 113.2% in the third quarter. Fairway Wealth LLC now owns 113 shares of the e-commerce giant's stock valued at $25,000 after buying an additional 60 shares in the last quarter. Sellwood Investment Partners LLC acquired a new stake in Amazon.com in the third quarter valued at $27,000. MilWealth Group LLC lifted its holdings in Amazon.com by 79.0% in the fourth quarter. MilWealth Group LLC now owns 179 shares of the e-commerce giant's stock valued at $41,000 after acquiring an additional 79 shares during the period. Lifetime Wealth Management P.C. purchased a new stake in shares of Amazon.com during the 4th quarter worth $45,000. Finally, Elkhorn Partners Limited Partnership grew its stake in shares of Amazon.com by 900.0% during the 4th quarter. Elkhorn Partners Limited Partnership now owns 200 shares of the e-commerce giant's stock worth $46,000 after purchasing an additional 180 shares during the period. Hedge funds and other institutional investors own 72.20% of the company's stock.

More Amazon.com News

Here are the key news stories impacting Amazon.com this week:

• Positive Sentiment: Amazon agreed to acquire satellite operator Globalstar for roughly $11.57 billion, accelerating its Amazon Leo/Kuiper strategy and giving AMZN direct-to-device connectivity that can compete with SpaceX’s Starlink — a major infrastructure and revenue play for AWS and devices. Amazon signs $11.57 billion deal for satellite firm Globalstar to challenge Musk's Starlink
• Positive Sentiment: Reports and an internal OpenAI memo indicate OpenAI is deepening its partnership with Amazon/AWS (moving away from Microsoft reliance), which could drive large, high-margin cloud contracts and boost AWS AI workload demand. OpenAI touts Amazon alliance in memo, says Microsoft has 'limited our ability'
• Positive Sentiment: AWS momentum: management has highlighted a growing AI revenue run‑rate (reported commentary >$15B) and a large AI infrastructure commitment, underscoring AWS as the company’s chief profit engine and a key growth vector. AMZN Continues to Rebound as its CEO Doubles Down on $200B AI Bet
• Positive Sentiment: Amazon is scaling its Autos marketplace to include many mainstream brands (Chevrolet, Jeep, Kia, Mazda, Subaru) across 130+ cities — a new-commerce vertical that can increase GMV and capture dealer margins over time. Amazon's Car Sales Bet Is Getting Bigger With New Brands and More Cities
• Neutral Sentiment: Stifel trimmed its price target modestly (from $300 to $294) but kept a Buy rating — this is a minor analyst adjustment and does not signal a change in consensus bullishness. Stifel adjusts price target on Amazon.com to $294 from $300, maintains Buy rating
• Negative Sentiment: Operational/legal risk: a worker died at an Oregon warehouse — a reputational and potential regulatory/legal headwind that can attract scrutiny and one-off costs. An Amazon warehouse worker died on the job at Oregon facility

Amazon.com Company Profile

Amazon.com, Inc is a diversified technology and retail company best known for its e-commerce marketplace and broad portfolio of consumer and enterprise services. Founded by Jeff Bezos in 1994 and headquartered in Seattle, Washington, the company launched as an online bookseller and expanded into a global retail platform that sells products directly to consumers and provides a marketplace for third-party sellers. Over time Amazon has grown beyond retail into areas including cloud computing, digital media, devices and logistics.

Key businesses and offerings include Amazon's online marketplace and fulfillment services, the Amazon Prime membership program (which bundles expedited shipping with streaming and other benefits), Amazon Web Services (AWS) which supplies on-demand cloud computing and storage to businesses and public-sector customers, and a range of content and advertising services such as Prime Video and Amazon Advertising.

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