Amazon.com (NASDAQ:AMZN) Given New $220.00 Price Target at The Goldman Sachs Group

Amazon.com (NASDAQ:AMZN) had its price objective lowered by The Goldman Sachs Group from $255.00 to $220.00 in a report published on Tuesday,Benzinga reports. The brokerage currently has a buy rating on the e-commerce giant's stock.

A number of other research firms also recently weighed in on AMZN. Loop Capital raised their price target on shares of Amazon.com from $275.00 to $285.00 and gave the company a "buy" rating in a research note on Wednesday, February 12th. Royal Bank of Canada raised their target price on shares of Amazon.com from $255.00 to $265.00 and gave the company an "outperform" rating in a research report on Friday, February 7th. Bank of America decreased their target price on shares of Amazon.com from $257.00 to $225.00 and set a "buy" rating on the stock in a research note on Wednesday, April 9th. Barclays increased their price target on Amazon.com from $235.00 to $265.00 and gave the company an "overweight" rating in a research note on Friday, February 7th. Finally, Morgan Stanley reduced their price objective on Amazon.com from $280.00 to $245.00 and set an "overweight" rating on the stock in a research report on Monday, April 14th. Two equities research analysts have rated the stock with a hold rating and forty-five have given a buy rating to the company. According to MarketBeat, Amazon.com has a consensus rating of "Moderate Buy" and a consensus target price of $247.56.

Amazon.com Price Performance

AMZN stock traded up $2.45 during midday trading on Tuesday, reaching $188.99. The company had a trading volume of 36,349,105 shares, compared to its average volume of 41,913,658. The stock has a 50 day moving average price of $193.52 and a 200-day moving average price of $207.75. The company has a market capitalization of $2.00 trillion, a price-to-earnings ratio of 34.18, a price-to-earnings-growth ratio of 1.50 and a beta of 1.39. The company has a debt-to-equity ratio of 0.18, a current ratio of 1.06 and a quick ratio of 0.87. Amazon.com has a 1-year low of $151.61 and a 1-year high of $242.52.

Amazon.com (NASDAQ:AMZN - Get Free Report) last issued its earnings results on Thursday, February 6th. The e-commerce giant reported $1.86 earnings per share for the quarter, beating analysts' consensus estimates of $1.52 by $0.34. Amazon.com had a return on equity of 24.25% and a net margin of 9.29%. Equities research analysts expect that Amazon.com will post 6.31 earnings per share for the current year.

Insider Activity

In other Amazon.com news, CEO Andrew R. Jassy sold 20,784 shares of the stock in a transaction dated Friday, February 21st. The shares were sold at an average price of $220.65, for a total transaction of $4,585,989.60. Following the completion of the transaction, the chief executive officer now owns 2,118,886 shares in the company, valued at $467,532,195.90. This trade represents a 0.97 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CEO Douglas J. Herrington sold 27,500 shares of Amazon.com stock in a transaction dated Wednesday, February 12th. The stock was sold at an average price of $230.27, for a total transaction of $6,332,425.00. Following the completion of the transaction, the chief executive officer now owns 497,067 shares of the company's stock, valued at $114,459,618.09. The trade was a 5.24 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 104,798 shares of company stock valued at $23,341,803 in the last three months. Company insiders own 10.80% of the company's stock.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of AMZN. Castlekeep Investment Advisors LLC bought a new position in Amazon.com in the 4th quarter worth about $25,000. Accordant Advisory Group Inc boosted its position in shares of Amazon.com by 400.0% in the fourth quarter. Accordant Advisory Group Inc now owns 125 shares of the e-commerce giant's stock valued at $27,000 after acquiring an additional 100 shares during the period. Prudent Man Investment Management Inc. purchased a new position in Amazon.com during the fourth quarter valued at approximately $27,000. Icon Wealth Advisors LLC increased its holdings in Amazon.com by 20.5% during the 3rd quarter. Icon Wealth Advisors LLC now owns 150,661 shares of the e-commerce giant's stock worth $28,000 after acquiring an additional 25,581 shares during the period. Finally, LSV Asset Management purchased a new stake in Amazon.com in the 4th quarter worth approximately $35,000. 72.20% of the stock is owned by institutional investors.

Amazon.com Company Profile

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.