Empirical Financial Services LLC d.b.a. Empirical Wealth Management Reduces Stake in Amazon.com, Inc. (NASDAQ:AMZN)

Empirical Financial Services LLC d.b.a. Empirical Wealth Management lowered its position in Amazon.com, Inc. (NASDAQ:AMZN) by 6.3% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 132,628 shares of the e-commerce giant’s stock after selling 8,888 shares during the period. Empirical Financial Services LLC d.b.a. Empirical Wealth Management’s holdings in Amazon.com were worth $11,141,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also recently bought and sold shares of the company. McElhenny Sheffield Capital Management LLC acquired a new position in Amazon.com in the fourth quarter valued at approximately $27,000. Retirement Financial Solutions LLC acquired a new position in Amazon.com in the fourth quarter valued at approximately $32,000. Laurel Wealth Planning LLC lifted its holdings in Amazon.com by 1,900.0% in the second quarter. Laurel Wealth Planning LLC now owns 320 shares of the e-commerce giant’s stock valued at $34,000 after acquiring an additional 304 shares during the period. Swaine & Leidel Wealth Services LLC acquired a new position in Amazon.com in the first quarter valued at approximately $38,000. Finally, Cowa LLC acquired a new position in Amazon.com in the third quarter valued at approximately $40,000. Hedge funds and other institutional investors own 57.64% of the company’s stock.

Amazon.com Stock Performance

NASDAQ AMZN opened at $116.25 on Monday. The stock has a market cap of $1.19 trillion, a PE ratio of 276.79, a P/E/G ratio of 4.11 and a beta of 1.26. The company has a current ratio of 0.92, a quick ratio of 0.69 and a debt-to-equity ratio of 0.43. Amazon.com, Inc. has a twelve month low of $81.43 and a twelve month high of $146.57. The stock has a fifty day simple moving average of $103.63 and a 200-day simple moving average of $97.07.

Amazon.com (NASDAQ:AMZN – Get Rating) last released its quarterly earnings results on Thursday, April 27th. The e-commerce giant reported $0.31 earnings per share for the quarter, topping analysts’ consensus estimates of $0.22 by $0.09. The business had revenue of $127.36 billion during the quarter, compared to analysts’ expectations of $124.57 billion. Amazon.com had a return on equity of 5.85% and a net margin of 0.82%. The company’s revenue was up 9.4% compared to the same quarter last year. During the same period in the prior year, the business posted $0.21 EPS. Equities analysts anticipate that Amazon.com, Inc. will post 1.57 earnings per share for the current year.

Analyst Ratings Changes

AMZN has been the subject of a number of analyst reports. Susquehanna boosted their price target on Amazon.com from $140.00 to $150.00 and gave the company a “positive” rating in a report on Friday, February 3rd. Roth Capital reaffirmed a “buy” rating on shares of Amazon.com in a research note on Friday, February 3rd. Cowen upped their target price on Amazon.com from $140.00 to $150.00 and gave the stock an “outperform” rating in a research note on Friday, February 3rd. Benchmark upped their target price on Amazon.com from $125.00 to $130.00 and gave the stock a “buy” rating in a research note on Friday, February 3rd. Finally, Barclays reduced their target price on Amazon.com from $150.00 to $140.00 in a research note on Friday, April 28th. Three research analysts have rated the stock with a hold rating and forty-one have issued a buy rating to the company. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $143.12.

Insider Activity at Amazon.com

In related news, CEO Douglas J. Herrington sold 4,000 shares of the firm’s stock in a transaction dated Wednesday, March 1st. The stock was sold at an average price of $93.80, for a total transaction of $375,200.00. Following the completion of the transaction, the chief executive officer now directly owns 560,298 shares in the company, valued at approximately $52,555,952.40. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. In related news, CEO Douglas J. Herrington sold 4,000 shares of the firm’s stock in a transaction dated Wednesday, March 1st. The stock was sold at an average price of $93.80, for a total transaction of $375,200.00. Following the completion of the transaction, the chief executive officer now directly owns 560,298 shares in the company, valued at approximately $52,555,952.40. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Adam Selipsky sold 10,760 shares of the firm’s stock in a transaction dated Monday, May 15th. The shares were sold at an average price of $110.33, for a total value of $1,187,150.80. Following the transaction, the chief executive officer now owns 150,120 shares of the company’s stock, valued at $16,562,739.60. The disclosure for this sale can be found here. Insiders sold 61,019 shares of company stock worth $6,053,511 in the last three months. 12.30% of the stock is owned by company insiders.

Amazon.com Company Profile

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Amazon.com, Inc is a multinational technology company, which engages in the provision of online retail shopping services. It operates through the following segments: North America, International, and Amazon Web Services (AWS). The North America segment is involved in the retail sales of consumer products including from sellers and subscriptions through North America-focused online and physical stores.