Amazon.com, Inc. (NASDAQ:AMZN) Shares Bought by Empirical Asset Management LLC

Empirical Asset Management LLC grew its holdings in Amazon.com, Inc. (NASDAQ:AMZN) by 7.2% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 3,145 shares of the e-commerce giant’s stock after purchasing an additional 210 shares during the quarter. Empirical Asset Management LLC’s holdings in Amazon.com were worth $478,000 at the end of the most recent quarter.

Other large investors have also modified their holdings of the company. Bridgefront Capital LLC acquired a new stake in shares of Amazon.com in the first quarter valued at approximately $228,000. Krane Funds Advisors LLC raised its stake in shares of Amazon.com by 239.1% in the 1st quarter. Krane Funds Advisors LLC now owns 78 shares of the e-commerce giant’s stock valued at $254,000 after acquiring an additional 55 shares during the period. Range Financial Group LLC purchased a new position in shares of Amazon.com in the 1st quarter valued at $258,000. My Personal CFO LLC acquired a new stake in Amazon.com during the 1st quarter valued at $261,000. Finally, Worth Asset Management LLC acquired a new stake in Amazon.com during the 1st quarter valued at $191,000. 72.20% of the stock is currently owned by institutional investors and hedge funds.

Amazon.com Price Performance

NASDAQ AMZN opened at $180.38 on Friday. The company has a quick ratio of 0.84, a current ratio of 1.05 and a debt-to-equity ratio of 0.29. Amazon.com, Inc. has a 12-month low of $97.71 and a 12-month high of $181.70. The company has a market capitalization of $1.87 trillion, a PE ratio of 62.20, a price-to-earnings-growth ratio of 1.55 and a beta of 1.17. The firm’s 50 day moving average is $170.29 and its 200-day moving average is $151.27.

Amazon.com (NASDAQ:AMZN) last posted its quarterly earnings data on Thursday, February 1st. The e-commerce giant reported $1.00 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.81 by $0.19. Amazon.com had a net margin of 5.29% and a return on equity of 16.61%. The company had revenue of $169.96 billion for the quarter, compared to the consensus estimate of $165.96 billion. During the same period last year, the company earned $0.21 earnings per share. The firm’s revenue was up 13.9% compared to the same quarter last year. Equities research analysts anticipate that Amazon.com, Inc. will post 4.08 earnings per share for the current fiscal year.

Insider Activity

In related news, insider Jeffrey P. Bezos sold 5,998,849 shares of the business’s stock in a transaction on Wednesday, February 7th. The shares were sold at an average price of $170.16, for a total transaction of $1,020,764,145.84. Following the transaction, the insider now directly owns 982,252,968 shares in the company, valued at $167,140,165,034.88. The sale was disclosed in a filing with the SEC, which is available through this link. In other Amazon.com news, VP Shelley Reynolds sold 3,100 shares of Amazon.com stock in a transaction on Wednesday, February 21st. The shares were sold at an average price of $168.97, for a total transaction of $523,807.00. Following the completion of the transaction, the vice president now directly owns 119,780 shares of the company’s stock, valued at $20,239,226.60. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, insider Jeffrey P. Bezos sold 5,998,849 shares of Amazon.com stock in a transaction on Wednesday, February 7th. The stock was sold at an average price of $170.16, for a total transaction of $1,020,764,145.84. Following the transaction, the insider now directly owns 982,252,968 shares of the company’s stock, valued at $167,140,165,034.88. The disclosure for this sale can be found here. Insiders have sold 32,210,510 shares of company stock worth $5,505,223,106 over the last ninety days. Insiders own 12.30% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts have recently issued reports on the stock. JMP Securities raised their price target on shares of Amazon.com from $175.00 to $225.00 and gave the stock an “outperform” rating in a research report on Friday, February 2nd. The Goldman Sachs Group lifted their price objective on shares of Amazon.com from $200.00 to $220.00 and gave the company a “buy” rating in a research report on Friday, February 2nd. Wells Fargo & Company boosted their price target on shares of Amazon.com from $197.00 to $211.00 and gave the stock an “overweight” rating in a research report on Friday, February 2nd. Susquehanna lifted their target price on shares of Amazon.com from $185.00 to $220.00 and gave the stock a “positive” rating in a research report on Friday, February 2nd. Finally, Benchmark lifted their target price on shares of Amazon.com from $175.00 to $200.00 and gave the stock a “buy” rating in a research report on Friday, February 2nd. One investment analyst has rated the stock with a hold rating, forty-three have issued a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the stock has a consensus rating of “Buy” and an average price target of $197.95.

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.