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

Empirical Asset Management LLC grew its stake in Amazon.com, Inc. (NASDAQ:AMZN - Free Report) by 6.8% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 59,387 shares of the e-commerce giant's stock after acquiring an additional 3,776 shares during the quarter. Amazon.com accounts for 1.4% of Empirical Asset Management LLC's portfolio, making the stock its 12th biggest holding. Empirical Asset Management LLC's holdings in Amazon.com were worth $11,066,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds also recently made changes to their positions in AMZN. PayPay Securities Corp grew its position in shares of Amazon.com by 64.6% during the second quarter. PayPay Securities Corp now owns 163 shares of the e-commerce giant's stock valued at $32,000 after purchasing an additional 64 shares in the last quarter. Hoese & Co LLP bought a new stake in shares of Amazon.com during the 3rd quarter worth approximately $37,000. Christopher J. Hasenberg Inc grew its holdings in shares of Amazon.com by 650.0% in the second quarter. Christopher J. Hasenberg Inc now owns 300 shares of the e-commerce giant's stock worth $58,000 after purchasing an additional 260 shares during the last quarter. Koesten Hirschmann & Crabtree INC. bought a new stake in shares of Amazon.com during the first quarter valued at approximately $69,000. Finally, Innealta Capital LLC purchased a new stake in shares of Amazon.com in the 2nd quarter worth $77,000. Institutional investors own 72.20% of the company's stock.

Wall Street Analyst Weigh In

Several research analysts have recently commented on the company. Susquehanna boosted their price target on Amazon.com from $220.00 to $230.00 and gave the stock a "positive" rating in a research report on Friday, November 1st. UBS Group increased their price target on shares of Amazon.com from $220.00 to $223.00 and gave the stock a "buy" rating in a report on Monday, October 28th. JPMorgan Chase & Co. boosted their price objective on Amazon.com from $230.00 to $250.00 and gave the company an "overweight" rating in a report on Friday, November 1st. Barclays lifted their price objective on shares of Amazon.com from $220.00 to $235.00 and gave the company an "overweight" rating in a report on Friday, August 2nd. Finally, Wells Fargo & Company cut shares of Amazon.com from an "overweight" rating to an "equal weight" rating and dropped their price target for the company from $225.00 to $183.00 in a research note on Monday, October 7th. Two analysts have rated the stock with a hold rating, forty have issued a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, Amazon.com has an average rating of "Moderate Buy" and a consensus price target of $234.55.

Amazon.com Stock Up 1.0 %

Shares of AMZN traded up $2.07 during trading hours on Tuesday, reaching $208.91. 38,860,271 shares of the stock traded hands, compared to its average volume of 41,399,859. Amazon.com, Inc. has a 52 week low of $139.52 and a 52 week high of $212.25. The company has a market cap of $2.20 trillion, a price-to-earnings ratio of 44.18, a PEG ratio of 1.40 and a beta of 1.14. The stock has a fifty day simple moving average of $188.40 and a 200 day simple moving average of $184.95. The company has a current ratio of 1.09, a quick ratio of 0.87 and a debt-to-equity ratio of 0.21.

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 the consensus estimate of $1.14 by $0.29. The firm had revenue of $158.88 billion during the quarter, compared to the consensus estimate of $157.28 billion. Amazon.com had a net margin of 8.04% and a return on equity of 22.41%. The business's quarterly revenue was up 11.0% compared to the same quarter last year. During the same period last year, the firm earned $0.85 EPS. On average, equities analysts forecast that Amazon.com, Inc. will post 5.27 EPS for the current year.

Insider Activity

In other Amazon.com news, insider Jeffrey P. Bezos sold 2,996,362 shares of the stock in a transaction that occurred on Friday, November 8th. The stock was sold at an average price of $208.85, for a total value of $625,790,203.70. Following the completion of the sale, the insider now owns 917,416,976 shares in the company, valued at approximately $191,602,535,437.60. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. In other news, insider Jeffrey P. Bezos sold 2,996,362 shares of the stock in a transaction that occurred on Friday, November 8th. The stock was sold at an average price of $208.85, for a total value of $625,790,203.70. Following the completion of the transaction, the insider now owns 917,416,976 shares of the company's stock, valued at approximately $191,602,535,437.60. This represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Andrew R. Jassy sold 20,784 shares of the stock in a transaction dated Wednesday, August 21st. The stock was sold at an average price of $180.77, for a total transaction of $3,757,123.68. Following the completion of the transaction, the chief executive officer now owns 2,056,534 shares of the company's stock, valued at approximately $371,759,651.18. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 6,053,349 shares of company stock valued at $1,256,503,289. 10.80% of the stock is currently owned by company 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.