Empire Life Investments Inc. Has $76.11 Million Stock Holdings in Amazon.com, Inc. (NASDAQ:AMZN)

Empire Life Investments Inc. lifted its holdings in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 12.3% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 346,924 shares of the e-commerce giant’s stock after purchasing an additional 38,098 shares during the quarter. Amazon.com accounts for 4.8% of Empire Life Investments Inc.’s holdings, making the stock its 3rd largest position. Empire Life Investments Inc.’s holdings in Amazon.com were worth $76,112,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently made changes to their positions in AMZN. International Assets Investment Management LLC lifted its position in Amazon.com by 20,897.2% during the third quarter. International Assets Investment Management LLC now owns 39,135,449 shares of the e-commerce giant’s stock worth $72,921,080,000 after purchasing an additional 38,949,065 shares during the period. Parnassus Investments LLC raised its position in shares of Amazon.com by 82,457.3% in the 3rd quarter. Parnassus Investments LLC now owns 11,405,294 shares of the e-commerce giant’s stock valued at $2,125,148,000 after buying an additional 11,391,479 shares in the last quarter. State Street Corp lifted its holdings in shares of Amazon.com by 3.3% during the 3rd quarter. State Street Corp now owns 359,179,990 shares of the e-commerce giant’s stock worth $66,926,008,000 after acquiring an additional 11,370,309 shares during the period. Geode Capital Management LLC lifted its holdings in shares of Amazon.com by 3.4% during the 3rd quarter. Geode Capital Management LLC now owns 199,915,046 shares of the e-commerce giant’s stock worth $37,116,341,000 after acquiring an additional 6,545,944 shares during the period. Finally, Strategic Financial Concepts LLC boosted its position in shares of Amazon.com by 23,742.9% during the 4th quarter. Strategic Financial Concepts LLC now owns 5,102,618 shares of the e-commerce giant’s stock worth $1,119,463,000 after acquiring an additional 5,081,217 shares in the last quarter. 72.20% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several research analysts have commented on the stock. Barclays boosted their price objective on shares of Amazon.com from $235.00 to $265.00 and gave the company an “overweight” rating in a research report on Friday, February 7th. Oppenheimer upped their price objective on Amazon.com from $230.00 to $260.00 and gave the stock an “outperform” rating in a research report on Friday, February 7th. TD Cowen raised their price objective on Amazon.com from $240.00 to $265.00 and gave the company a “buy” rating in a research note on Thursday, December 12th. Wedbush reissued an “outperform” rating and set a $280.00 target price on shares of Amazon.com in a research note on Friday, February 7th. Finally, JMP Securities restated a “market outperform” rating and issued a $285.00 price target on shares of Amazon.com in a research note on Friday, February 7th. Two equities research 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’s stock. According to data from MarketBeat, Amazon.com presently has a consensus rating of “Moderate Buy” and an average target price of $260.65.

Amazon.com Stock Up 2.1 %

Amazon.com stock opened at $197.95 on Friday. The company has a market capitalization of $2.10 trillion, a PE ratio of 35.80, a PEG ratio of 1.50 and a beta of 1.19. Amazon.com, Inc. has a 12-month low of $151.61 and a 12-month high of $242.52. The firm’s fifty day moving average is $221.65 and its 200 day moving average is $207.26. The company has a quick ratio of 0.87, a current ratio of 1.06 and a debt-to-equity ratio of 0.18.

Amazon.com (NASDAQ:AMZN) last announced its quarterly earnings data on Thursday, February 6th. The e-commerce giant reported $1.86 earnings per share for the quarter, beating the consensus estimate of $1.52 by $0.34. Amazon.com had a net margin of 9.29% and a return on equity of 24.25%. As a group, sell-side analysts predict that Amazon.com, Inc. will post 6.31 EPS for the current fiscal year.

Insider Buying and Selling at Amazon.com

In other Amazon.com news, CEO Douglas J. Herrington sold 5,501 shares of the firm’s stock in a transaction on Tuesday, February 18th. The shares were sold at an average price of $228.44, for a total value of $1,256,648.44. Following the transaction, the chief executive officer now directly owns 505,318 shares of the company’s stock, valued at approximately $115,434,843.92. This trade represents a 1.08 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO Brian T. Olsavsky sold 14,620 shares of the business’s stock in a transaction dated Friday, February 21st. The stock was sold at an average price of $223.14, for a total transaction of $3,262,306.80. Following the sale, the chief financial officer now directly owns 49,000 shares of the company’s stock, valued at approximately $10,933,860. The trade was a 22.98 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 102,298 shares of company stock valued at $22,871,828. Company insiders own 10.80% of the company’s stock.

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.