Amazon.com, Inc. (NASDAQ:AMZN) Shares Sold by Jacobs & Co. CA

Jacobs & Co. CA cut its stake in Amazon.com, Inc. (NASDAQ:AMZN) by 3.7% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 142,002 shares of the e-commerce giant’s stock after selling 5,522 shares during the quarter. Amazon.com makes up approximately 3.2% of Jacobs & Co. CA’s investment portfolio, making the stock its 4th largest 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 large investors also recently bought and sold shares of the stock. Stelac Advisory Services LLC raised its stake in shares of Amazon.com by 3.4% during the 2nd quarter. Stelac Advisory Services LLC now owns 4,924 shares of the e-commerce giant’s stock worth $952,000 after buying an additional 164 shares during the period. Smith Salley Wealth Management raised its stake in shares of Amazon.com by 6.7% during the 2nd 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 period. Braun Stacey Associates Inc. raised its stake in shares of Amazon.com by 2.3% during the 2nd 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 raised its stake in shares of Amazon.com by 2.7% during the 2nd quarter. Callahan Advisors LLC now owns 206,272 shares of the e-commerce giant’s stock worth $39,862,000 after buying an additional 5,350 shares during the period. Finally, Lawson Kroeker Investment Management Inc. NE acquired a new position in shares of Amazon.com during the 2nd quarter worth approximately $464,000. 72.20% of the stock is owned by institutional investors and hedge funds.

Amazon.com Stock Performance

Shares of Amazon.com stock opened at $230.71 on Wednesday. The business has a 50-day moving average of $218.30 and a 200 day moving average of $196.47. Amazon.com, Inc. has a 12 month low of $151.61 and a 12 month high of $233.00. The stock has a market capitalization of $2.43 trillion, a price-to-earnings ratio of 49.40, a price-to-earnings-growth ratio of 1.26 and a beta of 1.14. The company has a debt-to-equity ratio of 0.21, a current ratio of 1.09 and a quick ratio of 0.87.

Amazon.com (NASDAQ:AMZN) last announced its earnings results on Thursday, October 31st. The e-commerce giant reported $1.43 EPS for the quarter, beating analysts’ consensus estimates of $1.14 by $0.29. Amazon.com had a return on equity of 22.41% and a net margin of 8.04%. The company had revenue of $158.88 billion during the quarter, compared to analysts’ expectations of $157.28 billion. During the same period last year, the business posted $0.85 EPS. Amazon.com’s revenue for the quarter was up 11.0% on a year-over-year basis. As a group, sell-side analysts forecast that Amazon.com, Inc. will post 5.39 earnings per share for the current year.

Analyst Ratings Changes

Several research analysts have recently weighed in on AMZN shares. Maxim Group upped their target price on Amazon.com from $251.00 to $260.00 and gave the stock a “buy” rating in a research note on Friday, November 1st. Pivotal Research started coverage on Amazon.com in a research note on Friday, October 11th. They set a “buy” rating and a $260.00 target price for the company. Robert W. Baird upped their target price on Amazon.com from $220.00 to $260.00 and gave the stock an “outperform” rating in a research note on Friday, December 13th. Evercore ISI boosted their price target on Amazon.com from $240.00 to $260.00 and gave the stock an “outperform” rating in a research report on Friday, November 1st. Finally, Redburn Atlantic boosted their price target on Amazon.com from $225.00 to $235.00 and gave the stock a “buy” rating in a research report on Tuesday, November 26th. Two research analysts have rated the stock with a hold rating, forty-two have assigned a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $246.85.

Insider Activity at Amazon.com

In other news, Director Jonathan Rubinstein sold 4,351 shares of Amazon.com stock in a transaction dated Monday, December 9th. The stock was sold at an average price of $229.85, for a total value of $1,000,077.35. Following the completion of the transaction, the director now owns 88,203 shares in the company, valued at approximately $20,273,459.55. This trade represents a 4.70 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Daniel P. Huttenlocher sold 1,237 shares of Amazon.com stock in a transaction dated Tuesday, November 19th. The shares were sold at an average price of $199.06, for a total value of $246,237.22. Following the completion of the transaction, the director now owns 24,912 shares of the company’s stock, valued at $4,958,982.72. The trade was a 4.73 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 6,032,344 shares of company stock worth $1,253,456,822 in the last three months. 10.80% of the stock is owned by company insiders.

Amazon.com 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.