Jacobs & Co. CA Reduces Stake in Amazon.com, Inc. (NASDAQ:AMZN)

Jacobs & Co. CA decreased its position in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 0.4% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 147,524 shares of the e-commerce giant’s stock after selling 650 shares during the quarter. Amazon.com accounts for 2.7% of Jacobs & Co. CA’s portfolio, making the stock its 5th largest position. Jacobs & Co. CA’s holdings in Amazon.com were worth $27,488,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently made changes to their positions in AMZN. Towerpoint Wealth LLC lifted its stake in Amazon.com by 19.0% during the 1st quarter. Towerpoint Wealth LLC now owns 2,201 shares of the e-commerce giant’s stock valued at $397,000 after acquiring an additional 352 shares during the period. Vanguard Capital Wealth Advisors raised its holdings in shares of Amazon.com by 6.5% during the first quarter. Vanguard Capital Wealth Advisors now owns 61,025 shares of the e-commerce giant’s stock valued at $11,008,000 after purchasing an additional 3,720 shares during the last quarter. Investment Partners LTD. lifted its position in Amazon.com by 2.5% during the first quarter. Investment Partners LTD. now owns 5,806 shares of the e-commerce giant’s stock valued at $1,047,000 after purchasing an additional 144 shares during the period. Sunburst Financial Group LLC boosted its holdings in Amazon.com by 2.9% in the first quarter. Sunburst Financial Group LLC now owns 8,291 shares of the e-commerce giant’s stock worth $1,500,000 after purchasing an additional 231 shares during the last quarter. Finally, Tarbox Family Office Inc. boosted its holdings in Amazon.com by 17.6% in the first quarter. Tarbox Family Office Inc. now owns 8,995 shares of the e-commerce giant’s stock worth $1,623,000 after purchasing an additional 1,349 shares during the last quarter. Institutional investors own 72.20% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on the company. Stifel Nicolaus lowered their price target on Amazon.com from $228.00 to $224.00 and set a “buy” rating on the stock in a report on Friday, August 2nd. Needham & Company LLC reiterated a “buy” rating and set a $210.00 price objective on shares of Amazon.com in a research report on Thursday, October 24th. Barclays raised their target price on Amazon.com from $220.00 to $235.00 and gave the stock an “overweight” rating in a research report on Friday, August 2nd. JPMorgan Chase & Co. reduced their price target on shares of Amazon.com from $240.00 to $230.00 and set an “overweight” rating for the company in a research report on Friday, August 2nd. Finally, Maxim Group increased their price objective on shares of Amazon.com from $238.00 to $251.00 and gave the stock a “buy” rating in a research note on Friday, August 2nd. Two investment analysts have rated the stock with a hold rating, forty-two have issued a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $236.76.

Amazon.com Trading Up 1.0 %

Shares of NASDAQ AMZN opened at $192.73 on Thursday. Amazon.com, Inc. has a fifty-two week low of $131.71 and a fifty-two week high of $201.20. 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 company has a market cap of $2.02 trillion, a price-to-earnings ratio of 46.11, a PEG ratio of 1.38 and a beta of 1.14. The business’s 50 day moving average price is $184.20 and its 200-day moving average price is $183.64.

Amazon.com (NASDAQ:AMZN) last released its earnings results on Thursday, August 1st. The e-commerce giant reported $1.23 earnings per share for the quarter, topping analysts’ consensus estimates of $1.05 by $0.18. Amazon.com had a return on equity of 21.39% and a net margin of 7.35%. The business had revenue of $147.98 billion for the quarter, compared to analyst estimates of $148.63 billion. On average, sell-side analysts expect that Amazon.com, Inc. will post 4.85 earnings per share for the current year.

Insider Transactions at Amazon.com

In related news, SVP David Zapolsky sold 2,190 shares of Amazon.com stock in a transaction dated Tuesday, September 24th. The shares were sold at an average price of $195.00, for a total transaction of $427,050.00. Following the completion of the sale, the senior vice president now owns 62,420 shares in the company, valued at $12,171,900. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. In related news, VP Shelley Reynolds sold 3,791 shares of the stock in a transaction that occurred on Wednesday, August 21st. The stock was sold at an average price of $181.04, for a total value of $686,322.64. Following the transaction, the vice president now owns 121,461 shares of the company’s stock, valued at $21,989,299.44. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, SVP David Zapolsky sold 2,190 shares of Amazon.com stock in a transaction on Tuesday, September 24th. The shares were sold at an average price of $195.00, for a total value of $427,050.00. Following the sale, the senior vice president now directly owns 62,420 shares of the company’s stock, valued at approximately $12,171,900. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 50,855 shares of company stock worth $9,215,048. Insiders own 10.80% 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.