Amazon.com (NASDAQ:AMZN) Stock Price Up 2.7%

Amazon.com, Inc. (NASDAQ:AMZN) shot up 2.7% on Thursday . The stock traded as high as $179.88 and last traded at $178.00. 15,488,057 shares changed hands during mid-day trading, a decline of 63% from the average session volume of 42,373,551 shares. The stock had previously closed at $173.33.

Analyst Upgrades and Downgrades

AMZN has been the topic of several recent analyst reports. JPMorgan Chase & Co. cut their price target on Amazon.com from $240.00 to $230.00 and set an "overweight" rating on the stock in a research note on Friday, August 2nd. Robert W. Baird boosted their price target on Amazon.com from $210.00 to $213.00 and gave the stock an "outperform" rating in a research note on Friday, June 21st. The Goldman Sachs Group cut their price target on Amazon.com from $250.00 to $230.00 and set a "buy" rating on the stock in a research note on Friday, August 2nd. Benchmark reiterated a "buy" rating and issued a $200.00 price target on shares of Amazon.com in a research note on Friday, August 2nd. Finally, JMP Securities boosted their price target on Amazon.com from $245.00 to $265.00 and gave the stock a "market outperform" rating in a research note on Tuesday. One investment analyst has rated the stock with a hold rating, forty-one have given a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat, the company currently has a consensus rating of "Buy" and an average target price of $222.49.

Amazon.com Price Performance

The business has a fifty day moving average of $181.54 and a 200-day moving average of $181.18. The company has a debt-to-equity ratio of 0.23, a quick ratio of 0.88 and a current ratio of 1.10. The firm has a market capitalization of $1.85 trillion, a P/E ratio of 49.83, a price-to-earnings-growth ratio of 1.34 and a beta of 1.15.

Amazon.com (NASDAQ:AMZN - Get Free Report) last issued its quarterly earnings results on Thursday, August 1st. The e-commerce giant reported $1.23 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.05 by $0.18. The firm had revenue of $147.98 billion during the quarter, compared to analyst estimates of $148.63 billion. Amazon.com had a return on equity of 21.39% and a net margin of 7.35%. On average, sell-side analysts forecast that Amazon.com, Inc. will post 4.86 EPS for the current fiscal year.

Insider Buying and Selling at Amazon.com

In other Amazon.com news, SVP David Zapolsky sold 4,710 shares of the stock in a transaction on Thursday, June 27th. The stock was sold at an average price of $195.00, for a total transaction of $918,450.00. Following the completion of the transaction, the senior vice president now directly owns 59,500 shares of the company's stock, valued at approximately $11,602,500. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. In other news, CEO Andrew R. Jassy sold 20,784 shares of the stock in a transaction on Wednesday, August 21st. The stock was sold at an average price of $180.77, for a total transaction of $3,757,123.68. Following the completion of the sale, the chief executive officer now owns 2,056,534 shares in the company, valued at approximately $371,759,651.18. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, SVP David Zapolsky sold 4,710 shares of the stock in a transaction on Thursday, June 27th. The shares were sold at an average price of $195.00, for a total value of $918,450.00. Following the sale, the senior vice president now owns 59,500 shares of the company's stock, valued at approximately $11,602,500. The disclosure for this sale can be found here. In the last ninety days, insiders sold 6,104,317 shares of company stock valued at $1,220,621,322. 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. Vanguard Group Inc. lifted its holdings in shares of Amazon.com by 1.9% in the first quarter. Vanguard Group Inc. now owns 785,811,114 shares of the e-commerce giant's stock valued at $141,744,609,000 after purchasing an additional 14,724,687 shares in the last quarter. Norges Bank purchased a new stake in shares of Amazon.com in the fourth quarter valued at $17,700,551,000. Capital Research Global Investors lifted its holdings in shares of Amazon.com by 8.5% in the first quarter. Capital Research Global Investors now owns 86,982,857 shares of the e-commerce giant's stock valued at $15,689,968,000 after purchasing an additional 6,810,145 shares in the last quarter. Legal & General Group Plc lifted its holdings in shares of Amazon.com by 1.5% in the second quarter. Legal & General Group Plc now owns 69,686,374 shares of the e-commerce giant's stock valued at $13,466,933,000 after purchasing an additional 1,042,177 shares in the last quarter. Finally, Bank of New York Mellon Corp raised its holdings in shares of Amazon.com by 0.4% during the second quarter. Bank of New York Mellon Corp now owns 67,745,972 shares of the e-commerce giant's stock worth $13,091,909,000 after acquiring an additional 289,532 shares in the last quarter. Institutional investors and hedge funds own 72.20% of the company's stock.

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.