Amazon.com: Buy at the High?
Just when you think Amazon.com (NASDAQ: AMZN) shares may have peaked, they keep going. After a 23% gain in 2019, the stock is up 13% so far this year, pushing the online retailer's market capitalization above $1 trillion. The shares are now trading at a record high. Amazon Chief Executive Officer Jeff Bezos even locked in profits recently, selling $1.84 billion in shares. (But not to worry: Bezos has said in the past that he generally sells about $1 billion in Amazon shares annually to fund his start-up, Blue Origin.)
Though Wall Street remains bullish on Amazon stock, with average expectations for 14% upside over the next year, investors who haven't yet bought the shares might wonder if it's too late to bet on the Amazon story -- at least at the stock's current level. Let's take a closer look.
Amazon's annual revenue and profit have been growing steadily since 2015. In the company's recent earnings report, the online retail giant said net sales rose 20% to $280.5 billion in 2019. Amazon's fourth quarter earnings per share of $6.47 far surpassed the average analyst estimate of $4.03.
Source Fool.com
