Amazon.com, Inc. (NASDAQ:AMZN) is Jacobs & Co. CA's 4th Largest Position

Jacobs & Co. CA reduced its position in Amazon.com, Inc. (NASDAQ:AMZN - Free Report) by 3.7% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 142,002 shares of the e-commerce giant's stock after selling 5,522 shares during the period. Amazon.com accounts for about 3.2% of Jacobs & Co. CA's investment portfolio, making the stock its 4th biggest position. Jacobs & Co. CA's holdings in Amazon.com were worth $31,154,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Stelac Advisory Services LLC boosted its holdings in shares of Amazon.com by 3.4% in the 2nd quarter. Stelac Advisory Services LLC now owns 4,924 shares of the e-commerce giant's stock worth $952,000 after purchasing an additional 164 shares during the period. Smith Salley Wealth Management lifted its position in Amazon.com by 6.7% in the second quarter. Smith Salley Wealth Management now owns 235,717 shares of the e-commerce giant's stock worth $45,552,000 after buying an additional 14,769 shares during the last quarter. Braun Stacey Associates Inc. boosted its stake in Amazon.com by 2.3% during the second quarter. Braun Stacey Associates Inc. now owns 524,412 shares of the e-commerce giant's stock worth $101,342,000 after buying an additional 11,570 shares during the period. Callahan Advisors LLC increased its position in Amazon.com by 2.7% during the second quarter. Callahan Advisors LLC now owns 206,272 shares of the e-commerce giant's stock valued at $39,862,000 after acquiring an additional 5,350 shares during the last quarter. Finally, Lawson Kroeker Investment Management Inc. NE purchased a new stake in shares of Amazon.com in the second quarter valued at $464,000. 72.20% of the stock is owned by institutional investors.

Amazon.com Stock Performance

Shares of NASDAQ AMZN traded up $4.30 during mid-day trading on Wednesday, hitting $235.01. The stock had a trading volume of 41,375,972 shares, compared to its average volume of 31,919,486. The firm has a market cap of $2.47 trillion, a PE ratio of 50.32, a PEG ratio of 1.26 and a beta of 1.14. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.87 and a current ratio of 1.09. The company has a 50 day moving average of $218.73 and a two-hundred day moving average of $196.68. Amazon.com, Inc. has a twelve month low of $151.61 and a twelve month high of $235.44.

Amazon.com (NASDAQ:AMZN - Get Free Report) last announced its quarterly earnings data on Thursday, October 31st. The e-commerce giant reported $1.43 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.14 by $0.29. The firm had revenue of $158.88 billion during the quarter, compared to analysts' expectations of $157.28 billion. Amazon.com had a return on equity of 22.41% and a net margin of 8.04%. The company's revenue for the quarter was up 11.0% compared to the same quarter last year. During the same period last year, the business posted $0.85 earnings per share. Research analysts predict that Amazon.com, Inc. will post 5.39 EPS for the current fiscal year.

Insider Buying and Selling at Amazon.com

In other Amazon.com news, Director Daniel P. Huttenlocher sold 1,237 shares of Amazon.com stock in a transaction dated Tuesday, November 19th. The stock was sold at an average price of $199.06, for a total transaction of $246,237.22. Following the completion of the transaction, the director now owns 24,912 shares in the company, valued at approximately $4,958,982.72. This trade represents a 4.73 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, Director Jonathan Rubinstein sold 5,004 shares of the company's stock in a transaction dated Friday, November 1st. The stock was sold at an average price of $199.85, for a total value of $1,000,049.40. Following the completion of the sale, the director now owns 99,396 shares in the company, valued at $19,864,290.60. The trade was a 4.79 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 6,032,344 shares of company stock worth $1,253,456,822. Company insiders own 10.80% of the company's stock.

Wall Street Analysts Forecast Growth

AMZN has been the topic of several analyst reports. Mizuho upped their price target on shares of Amazon.com from $240.00 to $260.00 and gave the company an "outperform" rating in a report on Tuesday, December 10th. The Goldman Sachs Group increased their price target on Amazon.com from $230.00 to $240.00 and gave the stock a "buy" rating in a report on Friday, November 1st. DA Davidson reaffirmed a "buy" rating and issued a $235.00 price objective on shares of Amazon.com in a research report on Thursday, October 10th. UBS Group lifted their target price on Amazon.com from $230.00 to $264.00 and gave the stock a "buy" rating in a research report on Monday, December 16th. Finally, TD Cowen upped their price target on shares of Amazon.com from $240.00 to $265.00 and gave the stock a "buy" rating in a report on Thursday, December 12th. Two investment analysts have rated the stock with a hold rating, forty-two have issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $247.72.

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.