Goldman Sachs Maintains Amazon.com to Buy with Price Target $900.00

Brokerage firm Goldman Sachs Maintains its rating on Amazon.com(NASDAQ:AMZN). In a research note issued to the investors, the brokerage major Raises the price-target to $900.00 per share. The shares have been rated Buy. The rating by Goldman Sachs was issued on Jul 21, 2016.

In a different note, Maxim Group said it Initiates Coverage on Amazon.com, according to a research note issued on Jun 23, 2016. The shares have been rated ‘Buy’ by the firm. On Jun 16, 2016, KeyBanc said it Maintains its rating on Amazon.com. In the research note, the firm Raises the price-target to $800.00 per share. The shares have been rated ‘Overweight’ by the firm. William Blair said it Initiates Coverage on Amazon.com, according to a research note issued on Jun 10, 2016. The shares have been rated ‘Outperform’ by the firm. On May 3, 2016, Nomura said it Maintains its rating on Amazon.com. In the research note, the firm Raises the price-target to $750.00 per share. The shares have been rated ‘Buy’ by the firm. On Apr 29, 2016, Axiom said it Maintains its rating on Amazon.com. In the research note, the firm Raises the price-target to $797.00 per share. The shares have been rated ‘Buy’ by the firm. On Apr 29, 2016, Goldman Sachs said it Maintains its rating on Amazon.com. In the research note, the firm Raises the price-target to $720.00 per share. The shares have been rated ‘Buy’ by the firm.

Amazon.com (AMZN) made into the market gainers list on Wednesdays trading session with the shares advancing 0.78% or 5.77 points. Due to strong positive momentum, the stock ended at $745.72, which is also near the day’s high of $746.25. The stock began the session at $744 and the volume stood at 22,14,023 shares. The 52-week high of the shares is $757.34 and the 52 week low is $451. The company has a current market capitalization of $351,852 M and it has 47,18,27,960 shares in outstanding.

Amazon.com(AMZN) last announced its earnings results on Apr 28, 2016 for Fiscal Year 2016 and Q1.Company reported revenue of $29.13B. Analysts had an estimated revenue of $27.98B. Earnings per share were $1.07. Analysts had estimated an EPS of $0.58.

Several Insider Transactions has been reported to the SEC. On Jun 8, 2016, Patricia Q Stonesifer (director) sold 6,250 shares at $725.93 per share price.Also, On May 17, 2016, Shelley Reynolds (Vice President) sold 626 shares at $704.84 per share price.On May 17, 2016, David Zapolsky (Senior Vice President) sold 2,019 shares at $705.49 per share price, according to the Form-4 filing with the securities and exchange commission.

Amazon.com Inc. (Amazon.com) is an e-commerce company. The Company sells a range of products and services through its Websites. The Company’s products are offered through consumer-facing Websites which include merchandise and content that it purchases for resale from vendors and those offered by third-party sellers. It designs its Websites to enable products to be sold by the Company and by third parties across various product categories. It also manufactures and sells electronic devices including Kindle e-readers Fire tablets Fire TVs Echo and Fire phones. Amazon.com operates in two segments: North America and International. The North America segment focuses on retail sales earned through North America-focused Websites. The International segment focuses on the Company’s operations done through its international Websites. It serves developers and enterprises through Amazon Web Services (AWS). It serves authors and independent publishers with Kindle Direct Publishing.

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