Empirical Financial Services LLC d.b.a. Empirical Wealth Management Purchases 5,854 Shares of Amazon.com, Inc. (NASDAQ:AMZN)

Empirical Financial Services LLC d.b.a. Empirical Wealth Management raised its position in Amazon.com, Inc. (NASDAQ:AMZN) by 3.3% during the fourth quarter, according to its most recent 13F filing with the SEC. The fund owned 181,727 shares of the e-commerce giant’s stock after buying an additional 5,854 shares during the period. Amazon.com comprises approximately 1.1% of Empirical Financial Services LLC d.b.a. Empirical Wealth Management’s holdings, making the stock its 21st largest holding. Empirical Financial Services LLC d.b.a. Empirical Wealth Management’s holdings in Amazon.com were worth $39,869,000 at the end of the most recent reporting period.

Other hedge funds have also recently bought and sold shares of the company. Icon Wealth Advisors LLC boosted its position in shares of Amazon.com by 20.5% in the 3rd quarter. Icon Wealth Advisors LLC now owns 150,661 shares of the e-commerce giant’s stock worth $28,000 after purchasing an additional 25,581 shares during the last quarter. Hoese & Co LLP bought a new position in shares of Amazon.com in the 3rd quarter worth $37,000. Bull Oak Capital LLC acquired a new stake in Amazon.com during the 3rd quarter worth $45,000. Values First Advisors Inc. acquired a new stake in Amazon.com during the 3rd quarter worth $56,000. Finally, Harbor Investment Advisory LLC raised its stake in Amazon.com by 1.0% during the 4th quarter. Harbor Investment Advisory LLC now owns 301,946 shares of the e-commerce giant’s stock worth $66,000 after buying an additional 3,055 shares during the period. 72.20% of the stock is currently owned by institutional investors.

Amazon.com Trading Down 0.7 %

Shares of NASDAQ:AMZN opened at $228.68 on Friday. Amazon.com, Inc. has a 12-month low of $151.61 and a 12-month high of $242.52. The stock has a market cap of $2.40 trillion, a PE ratio of 41.35, a P/E/G ratio of 1.36 and a beta of 1.15. The business has a 50 day moving average of $228.18 and a 200-day moving average of $201.98. 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 issued its quarterly earnings data on Thursday, February 6th. The e-commerce giant reported $1.86 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.52 by $0.34. Amazon.com had a return on equity of 25.49% and a net margin of 9.29%. As a group, equities research analysts forecast that Amazon.com, Inc. will post 6.24 earnings per share for the current year.

Analysts Set New Price Targets

Several analysts recently commented on the company. UBS Group raised their price objective on Amazon.com from $230.00 to $264.00 and gave the stock a “buy” rating in a research note on Monday, December 16th. Piper Sandler reaffirmed an “overweight” rating and set a $265.00 price objective (up previously from $225.00) on shares of Amazon.com in a research note on Friday, February 7th. Oppenheimer raised their price objective on Amazon.com from $230.00 to $260.00 and gave the stock an “outperform” rating in a research note on Friday, February 7th. Royal Bank of Canada raised their price objective on Amazon.com from $255.00 to $265.00 and gave the stock an “outperform” rating in a research note on Friday, February 7th. Finally, Needham & Company LLC reaffirmed a “buy” rating and set a $250.00 price objective on shares of Amazon.com in a research note on Friday, February 7th. 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 company. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $260.74.

Insider Transactions at Amazon.com

In other news, Director Daniel P. Huttenlocher sold 1,237 shares of the business’s stock in a transaction that occurred on Tuesday, November 19th. The stock was sold at an average price of $199.06, for a total transaction of $246,237.22. Following the completion of the sale, the director now owns 24,912 shares in the company, valued at $4,958,982.72. The trade was a 4.73 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CEO Matthew S. Garman sold 15,260 shares of the business’s stock in a transaction that occurred on Thursday, November 21st. The shares were sold at an average price of $200.19, for a total value of $3,054,899.40. Following the completion of the sale, the chief executive officer now owns 349,261 shares of the company’s stock, valued at approximately $69,918,559.59. This trade represents a 4.19 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 51,848 shares of company stock worth $11,368,639 over the last quarter. Company insiders own 10.80% 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.