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

Empirical Asset Management LLC boosted its position in shares of Amazon.com, Inc. (NASDAQ:AMZN - Free Report) by 361.0% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 273,747 shares of the e-commerce giant's stock after purchasing an additional 214,360 shares during the period. Amazon.com comprises about 1.8% of Empirical Asset Management LLC's investment portfolio, making the stock its 11th biggest position. Empirical Asset Management LLC's holdings in Amazon.com were worth $60,057,000 at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of the stock. Semus Wealth Partners LLC lifted 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 buying an additional 49 shares during the last quarter. Bell Investment Advisors Inc lifted its stake in shares of Amazon.com by 1.5% during the 3rd quarter. Bell Investment Advisors Inc now owns 3,359 shares of the e-commerce giant's stock worth $626,000 after buying an additional 51 shares during the last quarter. O Connor Financial Group LLC lifted its stake in shares of Amazon.com by 2.2% during the 3rd 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 stake in shares of Amazon.com by 0.7% during the 3rd quarter. Cherrydale Wealth Management LLC now owns 7,492 shares of the e-commerce giant's stock worth $1,396,000 after buying an additional 55 shares during the last quarter. Finally, Cedar Point Capital Partners LLC lifted its stake 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 last quarter. 72.20% of the stock is owned by institutional investors.

Amazon.com Stock Down 1.0 %

AMZN stock traded down $2.43 during midday trading on Thursday, reaching $234.64. 31,950,988 shares of the company's stock traded hands, compared to its average volume of 32,440,846. The company has a market cap of $2.47 trillion, a price-to-earnings ratio of 50.24, a P/E/G ratio of 1.31 and a beta of 1.14. The firm's fifty day moving average price is $222.30 and its 200-day moving average price is $198.30. 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, Inc. has a 52 week low of $151.61 and a 52 week high of $241.77.

Amazon.com (NASDAQ:AMZN - Get Free Report) last announced its quarterly earnings results on Thursday, October 31st. The e-commerce giant reported $1.43 EPS for the quarter, beating analysts' consensus estimates of $1.14 by $0.29. The business had revenue of $158.88 billion during the quarter, compared to analyst estimates of $157.28 billion. Amazon.com had a net margin of 8.04% and a return on equity of 22.41%. Amazon.com's quarterly revenue was up 11.0% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.85 EPS. As a group, sell-side analysts forecast that Amazon.com, Inc. will post 5.39 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of analysts have recently issued reports on the stock. Moffett Nathanson raised their target price on shares of Amazon.com from $235.00 to $248.00 and gave the stock a "buy" rating in a research note on Tuesday, November 26th. Benchmark raised their price target on shares of Amazon.com from $200.00 to $215.00 and gave the stock a "buy" rating in a research report on Friday, November 1st. Maxim Group raised their price target on shares of Amazon.com from $251.00 to $260.00 and gave the stock a "buy" rating in a research report on Friday, November 1st. Raymond James raised their price target on shares of Amazon.com from $230.00 to $260.00 and gave the stock a "strong-buy" rating in a research report on Tuesday, January 21st. Finally, Needham & Company LLC reaffirmed a "buy" rating and set a $250.00 price target on shares of Amazon.com in a research report on Tuesday, January 21st. Two investment analysts have rated the stock with a hold rating, forty-two have assigned a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average target price of $249.46.

Insider Buying and Selling at Amazon.com

In other news, Director Daniel P. Huttenlocher sold 1,237 shares of the company's stock in a transaction on Tuesday, November 19th. The shares were sold at an average price of $199.06, for a total value 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. This represents a 4.73 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Director Jonathan Rubinstein sold 4,351 shares of the company's stock in a transaction on Monday, December 9th. The stock was sold at an average price of $229.85, for a total transaction of $1,000,077.35. Following the completion of the sale, the director now owns 88,203 shares of the company's stock, valued at approximately $20,273,459.55. The trade was a 4.70 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 6,032,344 shares of company stock worth $1,253,456,822. 10.80% of the stock is owned by corporate insiders.

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.