Jacobs Levy Equity Management Inc. Has $497.82 Million Stock Position in Amazon.com, Inc. (NASDAQ:AMZN)

Jacobs Levy Equity Management Inc. increased its position in Amazon.com, Inc. (NASDAQ:AMZN - Free Report) by 22.4% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 2,269,091 shares of the e-commerce giant's stock after buying an additional 414,546 shares during the quarter. Amazon.com accounts for approximately 1.8% of Jacobs Levy Equity Management Inc.'s investment portfolio, making the stock its 5th largest position. Jacobs Levy Equity Management Inc.'s holdings in Amazon.com were worth $497,816,000 at the end of the most recent quarter.

Other large investors have also added to or reduced their stakes in the company. Momentous Wealth Management Inc. bought a new position in shares of Amazon.com during the fourth quarter worth about $749,000. Segall Bryant & Hamill LLC raised its holdings in Amazon.com by 14.3% during the 4th quarter. Segall Bryant & Hamill LLC now owns 317,114 shares of the e-commerce giant's stock worth $69,572,000 after purchasing an additional 39,696 shares during the last quarter. Evergreen Capital Management LLC raised its holdings in Amazon.com by 0.5% during the 4th quarter. Evergreen Capital Management LLC now owns 242,550 shares of the e-commerce giant's stock worth $53,213,000 after purchasing an additional 1,198 shares during the last quarter. Bearing Point Capital LLC bought a new stake in shares of Amazon.com in the 4th quarter valued at $12,014,000. Finally, Arrowstreet Capital Limited Partnership boosted its stake in shares of Amazon.com by 173.6% in the 4th quarter. Arrowstreet Capital Limited Partnership now owns 3,461,573 shares of the e-commerce giant's stock valued at $759,434,000 after purchasing an additional 2,196,353 shares during the last quarter. Institutional investors own 72.20% of the company's stock.

Wall Street Analyst Weigh In

A number of brokerages have commented on AMZN. Jefferies Financial Group cut their price target on shares of Amazon.com from $250.00 to $240.00 and set a "buy" rating on the stock in a research report on Tuesday, April 22nd. Royal Bank of Canada decreased their target price on Amazon.com from $235.00 to $230.00 and set an "outperform" rating for the company in a research note on Friday, May 2nd. The Goldman Sachs Group cut their price target on Amazon.com from $255.00 to $220.00 and set a "buy" rating on the stock in a report on Tuesday, April 22nd. Citizens Jmp reduced their price objective on shares of Amazon.com from $285.00 to $240.00 and set an "outperform" rating for the company in a research report on Monday, April 14th. Finally, Mizuho cut their target price on shares of Amazon.com from $285.00 to $255.00 and set an "outperform" rating on the stock in a research note on Wednesday, April 9th. Four research analysts have rated the stock with a hold rating and forty-four have given a buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average target price of $244.09.

Amazon.com Price Performance

Amazon.com stock traded down $1.10 during midday trading on Friday, hitting $204.60. 6,882,374 shares of the company's stock were exchanged, compared to its average volume of 41,861,767. The company has a market cap of $2.17 trillion, a P/E ratio of 37.00, a PEG ratio of 1.50 and a beta of 1.30. The company has a debt-to-equity ratio of 0.18, a quick ratio of 0.87 and a current ratio of 1.06. The stock has a 50-day moving average price of $190.60 and a two-hundred day moving average price of $208.70. Amazon.com, Inc. has a 52-week low of $151.61 and a 52-week high of $242.52.

Amazon.com (NASDAQ:AMZN - Get Free Report) last issued its quarterly earnings data on Thursday, May 1st. The e-commerce giant reported $1.59 EPS for the quarter, topping the consensus estimate of $1.38 by $0.21. Amazon.com had a return on equity of 24.25% and a net margin of 9.29%. The company had revenue of $155.67 billion during the quarter, compared to analyst estimates of $154.96 billion. During the same quarter in the previous year, the firm earned $0.98 earnings per share. Amazon.com's revenue was up 8.6% on a year-over-year basis. On average, equities research analysts forecast that Amazon.com, Inc. will post 6.31 earnings per share for the current year.

Insiders Place Their Bets

In other news, VP Shelley Reynolds sold 2,695 shares of Amazon.com stock in a transaction dated Wednesday, May 21st. The stock was sold at an average price of $200.79, for a total value of $541,129.05. Following the transaction, the vice president now owns 119,780 shares in the company, valued at approximately $24,050,626.20. The trade was a 2.20% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Douglas J. Herrington sold 2,500 shares of the firm's stock in a transaction that occurred on Thursday, May 1st. The stock was sold at an average price of $190.67, for a total value of $476,675.00. Following the transaction, the chief executive officer now owns 506,974 shares in the company, valued at approximately $96,664,732.58. The trade was a 0.49% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 99,537 shares of company stock valued at $20,018,625 over the last three months. Insiders own 9.70% 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.