Empowered Funds LLC Increases Stake in Amazon.com, Inc. (NASDAQ:AMZN)

Empowered Funds LLC lifted its holdings in Amazon.com, Inc. (NASDAQ:AMZN) by 24.1% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 255,120 shares of the e-commerce giant's stock after purchasing an additional 49,597 shares during the quarter. Amazon.com accounts for about 0.8% of Empowered Funds LLC's investment portfolio, making the stock its 12th biggest holding. Empowered Funds LLC's holdings in Amazon.com were worth $55,971,000 as of its most recent SEC filing.

A number of other hedge funds have also bought and sold shares of the business. Quattro Financial Advisors LLC boosted its holdings in shares of Amazon.com by 23.8% in the fourth quarter. Quattro Financial Advisors LLC now owns 234 shares of the e-commerce giant's stock valued at $51,000 after purchasing an additional 45 shares during the period. MBM Wealth Consultants LLC increased its holdings in Amazon.com by 0.6% during the 4th quarter. MBM Wealth Consultants LLC now owns 8,578 shares of the e-commerce giant's stock worth $1,889,000 after purchasing an additional 48 shares during the period. Semus Wealth Partners LLC raised its position in 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 valued at $3,339,000 after purchasing an additional 49 shares in the last quarter. Bell Investment Advisors Inc lifted its holdings in shares of Amazon.com by 1.5% in 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 period. Finally, Eaton Cambridge Inc. lifted its holdings in shares of Amazon.com by 1.1% in the 4th quarter. Eaton Cambridge Inc. now owns 4,533 shares of the e-commerce giant's stock worth $994,000 after buying an additional 51 shares during the period. Hedge funds and other institutional investors own 72.20% of the company's stock.

Analyst Upgrades and Downgrades

Several equities analysts recently issued reports on AMZN shares. Barclays lifted their price objective on shares of Amazon.com from $235.00 to $265.00 and gave the company an "overweight" rating in a report on Friday, February 7th. Maxim Group lifted their price target on Amazon.com from $260.00 to $280.00 and gave the company a "buy" rating in a report on Friday, February 7th. UBS Group upped their price objective on Amazon.com from $230.00 to $264.00 and gave the stock a "buy" rating in a research note on Monday, December 16th. DA Davidson increased their price target on Amazon.com from $235.00 to $280.00 and gave the company a "buy" rating in a research note on Friday, February 7th. Finally, Jefferies Financial Group boosted their target price on shares of Amazon.com from $235.00 to $275.00 and gave the stock a "buy" rating in a research report on Monday, December 16th. Two equities research analysts have rated the stock with a hold rating, forty-two have assigned a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $260.65.

Amazon.com Stock Performance

Shares of AMZN stock opened at $208.36 on Thursday. The company has a market cap of $2.21 trillion, a P/E ratio of 37.68, a PEG ratio of 1.50 and a beta of 1.15. The firm has a fifty day moving average price of $225.12 and a 200 day moving average price of $206.50. The company has a current ratio of 1.06, a quick ratio of 0.87 and a debt-to-equity ratio of 0.18. Amazon.com, Inc. has a 12 month low of $151.61 and a 12 month high of $242.52.

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

Insider Buying and Selling

In other news, CEO Andrew R. Jassy sold 20,784 shares of the business's stock in a transaction dated Friday, February 21st. The stock was sold at an average price of $220.65, for a total value of $4,585,989.60. Following the completion of the sale, the chief executive officer now directly owns 2,118,886 shares of the company's stock, valued at approximately $467,532,195.90. The trade was a 0.97 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, SVP David Zapolsky sold 19,212 shares of the firm's stock in a transaction that occurred on Monday, February 24th. The stock was sold at an average price of $217.50, for a total value of $4,178,610.00. Following the transaction, the senior vice president now owns 49,950 shares in the company, valued at $10,864,125. This represents a 27.78 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 106,649 shares of company stock worth $23,871,905 in the last ninety days. 10.80% of the stock is owned by corporate insiders.

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.

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