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

Jacobs Levy Equity Management Inc. raised its holdings in Amazon.com, Inc. (NASDAQ:AMZN - Free Report) by 22.4% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 2,269,091 shares of the e-commerce giant's stock after purchasing 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 biggest position. Jacobs Levy Equity Management Inc.'s holdings in Amazon.com were worth $497,816,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently modified their holdings of the business. Cable Hill Partners LLC raised its position in Amazon.com by 0.5% during the fourth quarter. Cable Hill Partners LLC now owns 9,588 shares of the e-commerce giant's stock valued at $2,104,000 after acquiring an additional 44 shares in the last quarter. Quattro Financial Advisors LLC boosted its holdings in Amazon.com by 23.8% during the fourth quarter. Quattro Financial Advisors LLC now owns 234 shares of the e-commerce giant's stock worth $51,000 after buying an additional 45 shares in the last quarter. Northern Capital Management Inc. grew its position in Amazon.com by 0.6% during the fourth quarter. Northern Capital Management Inc. now owns 7,353 shares of the e-commerce giant's stock valued at $1,613,000 after buying an additional 45 shares during the period. White Wing Wealth Management increased its holdings in Amazon.com by 2.4% in the fourth quarter. White Wing Wealth Management now owns 1,972 shares of the e-commerce giant's stock valued at $433,000 after buying an additional 47 shares in the last quarter. Finally, MBM Wealth Consultants LLC raised its position in shares of Amazon.com by 0.6% in the fourth quarter. MBM Wealth Consultants LLC now owns 8,578 shares of the e-commerce giant's stock worth $1,889,000 after acquiring an additional 48 shares during the period. Institutional investors own 72.20% of the company's stock.

Insider Buying and Selling at Amazon.com

In related news, VP Shelley Reynolds sold 2,695 shares of the business's stock in a transaction that occurred on Wednesday, May 21st. The stock was sold at an average price of $200.79, for a total transaction of $541,129.05. Following the completion of the sale, the vice president now owns 119,780 shares in the company, valued at $24,050,626.20. The trade was a 2.20% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Keith Brian Alexander sold 1,000 shares of the stock in a transaction that occurred on Monday, May 12th. The shares were sold at an average price of $210.68, for a total transaction of $210,680.00. Following the completion of the transaction, the director now owns 5,465 shares in the company, valued at $1,151,366.20. This represents a 15.47% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 99,537 shares of company stock valued at $20,018,625. Insiders own 9.70% of the company's stock.

Amazon.com Price Performance

Shares of NASDAQ AMZN opened at $200.99 on Tuesday. The stock's 50-day moving average is $190.16 and its two-hundred day moving average is $208.75. The company has a debt-to-equity ratio of 0.18, a current ratio of 1.06 and a quick ratio of 0.87. The company has a market cap of $2.13 trillion, a price-to-earnings ratio of 36.35, a price-to-earnings-growth ratio of 1.50 and a beta of 1.30. Amazon.com, Inc. has a 1-year low of $151.61 and a 1-year high of $242.52.

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

Analyst Upgrades and Downgrades

AMZN has been the topic of a number of analyst reports. Citigroup restated an "outperform" rating on shares of Amazon.com in a research report on Friday, May 2nd. Stifel Nicolaus lowered their price target on Amazon.com from $248.00 to $245.00 and set a "buy" rating on the stock in a research report on Friday, May 2nd. Jefferies Financial Group decreased their target price on Amazon.com from $250.00 to $240.00 and set a "buy" rating on the stock in a research report on Tuesday, April 22nd. Citizens Jmp dropped their price target on shares of Amazon.com from $285.00 to $240.00 and set an "outperform" rating on the stock in a research note on Monday, April 14th. Finally, Tigress Financial boosted their price target on shares of Amazon.com from $290.00 to $305.00 and gave the stock a "buy" rating in a report on Tuesday, May 6th. Four investment analysts have rated the stock with a hold rating and forty-four have assigned a buy rating to the stock. Based on data from MarketBeat, the company has an average rating of "Moderate Buy" and a consensus price target of $244.09.

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.

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