Empowered Funds LLC Has $38.30 Million Position in Amazon.com, Inc. (NASDAQ:AMZN)

Empowered Funds LLC increased its holdings in Amazon.com, Inc. (NASDAQ:AMZN) by 11.7% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 205,523 shares of the e-commerce giant’s stock after buying an additional 21,512 shares during the period. Amazon.com accounts for 0.6% of Empowered Funds LLC’s holdings, making the stock its 15th largest position. Empowered Funds LLC’s holdings in Amazon.com were worth $38,295,000 as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. RFG Holdings Inc. grew its holdings in Amazon.com by 32.0% during the 2nd quarter. RFG Holdings Inc. now owns 5,984 shares of the e-commerce giant’s stock worth $1,156,000 after acquiring an additional 1,451 shares during the last quarter. Transform Wealth LLC increased its position in Amazon.com by 2.7% in the 2nd quarter. Transform Wealth LLC now owns 134,995 shares of the e-commerce giant’s stock valued at $26,088,000 after buying an additional 3,560 shares in the last quarter. Dynamic Advisor Solutions LLC raised its stake in Amazon.com by 13.7% during the 2nd quarter. Dynamic Advisor Solutions LLC now owns 177,606 shares of the e-commerce giant’s stock worth $34,322,000 after buying an additional 21,406 shares during the period. Quantum Financial Advisors LLC increased its stake in Amazon.com by 0.8% during the 2nd quarter. Quantum Financial Advisors LLC now owns 10,482 shares of the e-commerce giant’s stock valued at $2,026,000 after purchasing an additional 80 shares in the last quarter. Finally, Diligent Investors LLC lifted its position in Amazon.com by 4.2% in the 2nd quarter. Diligent Investors LLC now owns 16,138 shares of the e-commerce giant’s stock valued at $3,119,000 after acquiring an additional 650 shares in the last quarter. 72.20% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of research analysts recently weighed in on AMZN shares. Rosenblatt Securities raised their price target on shares of Amazon.com from $221.00 to $236.00 and gave the company a “buy” rating in a research report on Friday, November 1st. TD Cowen raised their price target on shares of Amazon.com from $240.00 to $265.00 and gave the stock a “buy” rating in a research note on Thursday, December 12th. Telsey Advisory Group lifted their price target on shares of Amazon.com from $215.00 to $235.00 and gave the stock an “outperform” rating in a report on Friday, November 1st. Roth Mkm raised their target price on Amazon.com from $220.00 to $250.00 and gave the stock a “buy” rating in a research report on Monday, December 9th. Finally, Deutsche Bank Aktiengesellschaft increased their target price on shares of Amazon.com from $225.00 to $232.00 and gave the stock a “buy” rating in a research report on Friday, November 1st. Two analysts have rated the stock with a hold rating, forty-one have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, Amazon.com has an average rating of “Moderate Buy” and a consensus target price of $243.00.

Insider Transactions at Amazon.com

In other Amazon.com news, insider Jeffrey P. Bezos sold 2,996,362 shares of the company’s stock in a transaction that occurred on Friday, November 8th. The stock was 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. This represents a 0.33 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Daniel P. Huttenlocher sold 1,237 shares of the stock in a transaction that occurred on Tuesday, November 19th. The stock was 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 directly owns 24,912 shares of the company’s stock, valued at $4,958,982.72. This represents a 4.73 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 6,032,344 shares of company stock worth $1,253,456,822. 10.80% of the stock is currently owned by insiders.

Amazon.com Price Performance

Shares of Amazon.com stock opened at $229.05 on Thursday. The company’s fifty day simple moving average is $207.40 and its two-hundred day simple moving average is $192.05. Amazon.com, Inc. has a 12-month low of $144.05 and a 12-month high of $233.00. The firm has a market cap of $2.41 trillion, a PE ratio of 49.05, a price-to-earnings-growth ratio of 1.54 and a beta of 1.16. The company has a quick ratio of 0.87, a current ratio of 1.09 and a debt-to-equity ratio of 0.21.

Amazon.com (NASDAQ:AMZN) last posted its earnings results 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. The company had revenue of $158.88 billion for the quarter, compared to analysts’ expectations of $157.28 billion. Amazon.com had a return on equity of 22.41% and a net margin of 8.04%. Amazon.com’s quarterly revenue was up 11.0% on a year-over-year basis. During the same period last year, the firm earned $0.85 earnings per share. As a group, equities analysts expect that Amazon.com, Inc. will post 5.29 EPS for the current year.

Amazon.com Company 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.