Amazon.com, Inc. (NASDAQ:AMZN) is Jacobson & Schmitt Advisors LLC’s 2nd Largest Position

Jacobson & Schmitt Advisors LLC trimmed its position in Amazon.com, Inc. (NASDAQ:AMZN) by 0.1% in the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 130,800 shares of the e-commerce giant’s stock after selling 116 shares during the quarter. Amazon.com comprises 5.1% of Jacobson & Schmitt Advisors LLC’s holdings, making the stock its 2nd largest position. Jacobson & Schmitt Advisors LLC’s holdings in Amazon.com were worth $24,886,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Lineweaver Wealth Advisors LLC grew its holdings in Amazon.com by 2.0% in the first quarter. Lineweaver Wealth Advisors LLC now owns 25,715 shares of the e-commerce giant’s stock valued at $4,893,000 after purchasing an additional 516 shares during the period. Allen Capital Group LLC lifted its position in Amazon.com by 19.4% during the first quarter. Allen Capital Group LLC now owns 39,655 shares of the e-commerce giant’s stock worth $7,545,000 after buying an additional 6,435 shares in the last quarter. Theory Financial LLC lifted its position in Amazon.com by 3.0% during the first quarter. Theory Financial LLC now owns 2,263 shares of the e-commerce giant’s stock worth $431,000 after buying an additional 66 shares in the last quarter. SKY Mountain Capital Management Inc. purchased a new position in Amazon.com during the first quarter worth approximately $1,061,000. Finally, LMG Wealth Partners LLC raised its position in Amazon.com by 0.7% in the first quarter. LMG Wealth Partners LLC now owns 39,797 shares of the e-commerce giant’s stock valued at $7,572,000 after purchasing an additional 264 shares during the period. 72.20% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

AMZN has been the topic of a number of research analyst reports. Cowen restated a “buy” rating on shares of Amazon.com in a research report on Friday, August 1st. Westpark Capital reissued a “buy” rating and set a $280.00 target price on shares of Amazon.com in a research note on Friday, August 1st. Robert W. Baird upped their price objective on Amazon.com from $220.00 to $244.00 and gave the stock an “outperform” rating in a research report on Monday, July 21st. Monness Crespi & Hardt upped their price objective on Amazon.com from $265.00 to $275.00 and gave the stock a “buy” rating in a research report on Friday, August 1st. Finally, BMO Capital Markets boosted their target price on Amazon.com from $270.00 to $280.00 and gave the company an “outperform” rating in a report on Friday, August 1st. One equities research analyst has rated the stock with a hold rating, forty-seven have assigned a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat, Amazon.com has a consensus rating of “Buy” and a consensus price target of $262.45.

Insider Activity at Amazon.com

In other Amazon.com news, CEO Douglas J. Herrington sold 2,500 shares of Amazon.com stock in a transaction that occurred on Friday, August 1st. The shares were sold at an average price of $217.00, for a total transaction of $542,500.00. Following the completion of the sale, the chief executive officer directly owned 512,050 shares in the company, valued at $111,114,850. The trade was a 0.49% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider Jeffrey P. Bezos sold 2,643,142 shares of Amazon.com stock in a transaction that occurred on Thursday, July 24th. The shares were sold at an average price of $230.43, for a total transaction of $609,059,211.06. Following the sale, the insider owned 883,779,901 shares of the company’s stock, valued at approximately $203,649,402,587.43. The trade was a 0.30% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 25,096,253 shares of company stock valued at $5,673,745,409. 9.70% of the stock is currently owned by company insiders.

Amazon.com Stock Performance

Amazon.com stock opened at $224.66 on Thursday. The firm’s 50 day simple moving average is $220.60 and its 200 day simple moving average is $208.72. The company has a current ratio of 1.02, a quick ratio of 0.81 and a debt-to-equity ratio of 0.15. The firm has a market capitalization of $2.40 trillion, a PE ratio of 34.25, a price-to-earnings-growth ratio of 1.49 and a beta of 1.31. Amazon.com, Inc. has a 1-year low of $161.38 and a 1-year high of $242.52.

Amazon.com (NASDAQ:AMZN) last announced its earnings results on Thursday, July 31st. The e-commerce giant reported $1.68 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.31 by $0.37. Amazon.com had a net margin of 10.54% and a return on equity of 23.84%. The business had revenue of $167.70 billion during the quarter, compared to analyst estimates of $161.80 billion. During the same period in the previous year, the business posted $1.26 earnings per share. Amazon.com’s revenue for the quarter was up 13.3% on a year-over-year basis. As a group, analysts expect that Amazon.com, Inc. will post 6.31 earnings per share for the current fiscal year.

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.