Jacobs Levy Equity Management Inc. Sells 104,566 Shares of Amazon.com, Inc. (NASDAQ:AMZN)

Jacobs Levy Equity Management Inc. lessened its stake in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 5.3% during the third quarter, Holdings Channel.com reports. The fund owned 1,854,545 shares of the e-commerce giant’s stock after selling 104,566 shares during the period. Amazon.com accounts for about 1.3% of Jacobs Levy Equity Management Inc.’s holdings, making the stock its 6th biggest holding. Jacobs Levy Equity Management Inc.’s holdings in Amazon.com were worth $345,557,000 at the end of the most recent reporting period.

A number of other hedge funds have also made changes to their positions in AMZN. Tevis Investment Management grew its position in Amazon.com by 5.7% in the second quarter. Tevis Investment Management now owns 3,784 shares of the e-commerce giant’s stock worth $731,000 after buying an additional 203 shares during the last quarter. Bridge Advisory LLC grew its position in Amazon.com by 4.9% in the second quarter. Bridge Advisory LLC now owns 9,367 shares of the e-commerce giant’s stock worth $1,810,000 after buying an additional 440 shares during the last quarter. Geneos Wealth Management Inc. grew its position in Amazon.com by 2.9% in the second quarter. Geneos Wealth Management Inc. now owns 108,381 shares of the e-commerce giant’s stock worth $20,945,000 after buying an additional 3,042 shares during the last quarter. U S Global Investors Inc. grew its position in Amazon.com by 117.8% in the second quarter. U S Global Investors Inc. now owns 11,980 shares of the e-commerce giant’s stock worth $2,315,000 after buying an additional 6,480 shares during the last quarter. Finally, Vinland Capital Management Gestora de Recursos LTDA. purchased a new position in Amazon.com during the 2nd quarter worth approximately $3,865,000. Institutional investors and hedge funds own 72.20% of the company’s stock.

Analyst Ratings Changes

AMZN has been the topic of several research analyst reports. Rosenblatt Securities lifted their price objective on shares of Amazon.com from $221.00 to $236.00 and gave the stock a “buy” rating in a research report on Friday, November 1st. Sanford C. Bernstein lifted their price objective on shares of Amazon.com from $235.00 to $265.00 and gave the stock an “outperform” rating in a research report on Wednesday, December 18th. Cantor Fitzgerald reiterated an “overweight” rating and set a $230.00 price objective on shares of Amazon.com in a research report on Monday, October 7th. Scotiabank lifted their price objective on shares of Amazon.com from $245.00 to $246.00 and gave the stock a “sector outperform” rating in a research report on Friday, November 1st. Finally, BMO Capital Markets reiterated an “outperform” rating and set a $236.00 price objective on shares of Amazon.com in a research report on Tuesday, December 3rd. Two equities research analysts have rated the stock with a hold rating, forty-one have assigned a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, Amazon.com has a consensus rating of “Moderate Buy” and an average target price of $243.67.

Insider Transactions at Amazon.com

In other news, insider Jeffrey P. Bezos sold 2,996,362 shares of the business’s stock in a transaction dated Friday, November 8th. The shares were sold at an average price of $208.85, for a total transaction of $625,790,203.70. Following the transaction, the insider now owns 917,416,976 shares in the company, valued at approximately $191,602,535,437.60. The trade was a 0.33 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Daniel P. Huttenlocher sold 1,237 shares of the business’s 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 transaction, the director now owns 24,912 shares in the company, valued at approximately $4,958,982.72. The trade was a 4.73 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 6,032,344 shares of company stock worth $1,253,456,822. 10.80% of the stock is currently owned by company insiders.

Amazon.com Stock Down 1.4 %

Amazon.com stock opened at $218.94 on Friday. The firm has a market cap of $2.30 trillion, a price-to-earnings ratio of 46.88, a P/E/G ratio of 1.54 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, Inc. has a fifty-two week low of $149.91 and a fifty-two week high of $233.00. The firm has a fifty day moving average price of $216.20 and a two-hundred day moving average price of $195.34.

Amazon.com (NASDAQ:AMZN) last posted 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. Amazon.com had a net margin of 8.04% and a return on equity of 22.41%. The company had revenue of $158.88 billion for the quarter, compared to the consensus estimate of $157.28 billion. During the same quarter in the previous year, the firm posted $0.85 EPS. The business’s revenue was up 11.0% compared to the same quarter last year. As a group, analysts forecast that Amazon.com, Inc. will post 5.29 earnings per share for the current year.

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.