Empirical Asset Management LLC Grows Stake in Amazon.com, Inc. (NASDAQ:AMZN)

Empirical Asset Management LLC lifted its stake in Amazon.com, Inc. (NASDAQ:AMZN) by 361.0% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 273,747 shares of the e-commerce giant’s stock after buying an additional 214,360 shares during the period. Amazon.com makes up 1.8% of Empirical Asset Management LLC’s portfolio, making the stock its 11th biggest position. Empirical Asset Management LLC’s holdings in Amazon.com were worth $60,057,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also modified their holdings of the stock. Semus Wealth Partners LLC boosted its stake in shares of Amazon.com by 0.3% during the 3rd quarter. Semus Wealth Partners LLC now owns 17,920 shares of the e-commerce giant’s stock worth $3,339,000 after acquiring an additional 49 shares in the last quarter. Bell Investment Advisors Inc boosted its stake in shares of Amazon.com by 1.5% in the 3rd quarter. Bell Investment Advisors Inc now owns 3,359 shares of the e-commerce giant’s stock valued at $626,000 after purchasing an additional 51 shares in the last quarter. O Connor Financial Group LLC grew its stake in Amazon.com by 2.2% during the third quarter. O Connor Financial Group LLC now owns 2,536 shares of the e-commerce giant’s stock worth $473,000 after buying an additional 55 shares during the last quarter. Cherrydale Wealth Management LLC lifted its position in shares of Amazon.com by 0.7% during the third quarter. Cherrydale Wealth Management LLC now owns 7,492 shares of the e-commerce giant’s stock worth $1,396,000 after purchasing an additional 55 shares in the last quarter. Finally, Cedar Point Capital Partners LLC grew its position in shares of Amazon.com by 4.4% during the 3rd quarter. Cedar Point Capital Partners LLC now owns 1,324 shares of the e-commerce giant’s stock worth $247,000 after buying an additional 56 shares during the period. Institutional investors and hedge funds own 72.20% of the company’s stock.

Amazon.com Stock Down 0.5 %

AMZN opened at $237.07 on Thursday. The business’s fifty day simple moving average is $221.62 and its 200 day simple moving average is $198.03. The stock has a market cap of $2.49 trillion, a PE ratio of 50.76, a P/E/G ratio of 1.31 and a beta of 1.14. Amazon.com, Inc. has a 52 week low of $151.61 and a 52 week high of $241.77. 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 released its earnings results on Thursday, October 31st. The e-commerce giant reported $1.43 earnings per share for the quarter, beating analysts’ consensus estimates of $1.14 by $0.29. The company had revenue of $158.88 billion during the quarter, compared to analyst estimates of $157.28 billion. Amazon.com had a return on equity of 22.41% and a net margin of 8.04%. Amazon.com’s revenue for the quarter was up 11.0% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.85 EPS. As a group, research analysts expect that Amazon.com, Inc. will post 5.39 earnings per share for the current fiscal year.

Insider Buying and Selling at Amazon.com

In other Amazon.com news, insider Jeffrey P. Bezos sold 2,996,362 shares of Amazon.com 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 sale, the insider now directly owns 917,416,976 shares of the company’s stock, valued at approximately $191,602,535,437.60. The trade was a 0.33 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CEO Matthew S. Garman sold 15,260 shares of the stock in a transaction dated Thursday, November 21st. The stock was sold at an average price of $200.19, for a total transaction of $3,054,899.40. Following the completion of the transaction, the chief executive officer now owns 349,261 shares of the company’s stock, valued at approximately $69,918,559.59. The trade was a 4.19 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, 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.

Analysts Set New Price Targets

AMZN has been the topic of several research analyst reports. Oppenheimer raised their target price on shares of Amazon.com from $220.00 to $230.00 and gave the stock an “outperform” rating in a report on Friday, November 1st. Rosenblatt Securities raised their price objective on Amazon.com from $221.00 to $236.00 and gave the stock a “buy” rating in a research note on Friday, November 1st. Scotiabank lifted their price target on shares of Amazon.com from $246.00 to $306.00 and gave the company a “sector outperform” rating in a report on Friday, January 24th. TD Cowen increased their target price on shares of Amazon.com from $240.00 to $265.00 and gave the company a “buy” rating in a research report on Thursday, December 12th. Finally, Sanford C. Bernstein increased their price target on Amazon.com from $235.00 to $265.00 and gave the stock an “outperform” rating in a report on Wednesday, December 18th. Two investment analysts have rated the stock with a hold rating, forty-two have given a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $249.46.

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.