Amazon.com, Inc. $AMZN Shares Bought by Empower Advisory Group LLC

Key Points

• Empower Advisory Group LLC increased its stake in Amazon.com by 0.3%, owning 1,570,327 shares valued at approximately $298.77 million, making Amazon the firm's 23rd largest position.
• Amazon's earnings exceeded expectations with a reported $1.68 EPS for the last quarter, significantly surpassing the consensus estimate of $1.31, alongside a revenue of $167.70 billion.
• Several brokerages raised their price targets for Amazon, with updates ranging from $250 to $280, indicating strong market confidence in the stock's performance.

Empower Advisory Group LLC increased its position in shares of Amazon.com, Inc. (NASDAQ:AMZN - Free Report) by 0.3% in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 1,570,327 shares of the e-commerce giant's stock after purchasing an additional 4,191 shares during the quarter. Amazon.com accounts for approximately 1.0% of Empower Advisory Group LLC's investment portfolio, making the stock its 23rd largest holding. Empower Advisory Group LLC's holdings in Amazon.com were worth $298,770,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently modified their holdings of the company. LSV Asset Management acquired a new stake in shares of Amazon.com during the fourth quarter worth about $35,000. Cooksen Wealth LLC acquired a new stake in shares of Amazon.com during the 1st quarter worth approximately $36,000. Inlight Wealth Management LLC purchased a new position in shares of Amazon.com during the 1st quarter valued at approximately $40,000. Capitol Family Office Inc. acquired a new position in shares of Amazon.com in the 1st quarter valued at $42,000. Finally, MJT & Associates Financial Advisory Group Inc. acquired a new position in shares of Amazon.com in the 1st quarter valued at $59,000. Institutional investors and hedge funds own 72.20% of the company's stock.

Amazon.com Price Performance

Shares of Amazon.com stock traded down $3.35 on Friday, reaching $232.33. The company's stock had a trading volume of 36,684,807 shares, compared to its average volume of 32,905,296. The company has a market capitalization of $2.48 trillion, a P/E ratio of 35.42, a PEG ratio of 1.58 and a beta of 1.30. Amazon.com, Inc. has a 52-week low of $161.38 and a 52-week high of $242.52. The stock has a 50-day moving average price of $225.74 and a 200-day moving average price of $208.13. The company has a quick ratio of 0.81, a current ratio of 1.02 and a debt-to-equity ratio of 0.15.

Amazon.com (NASDAQ:AMZN - Get Free Report) last issued its quarterly earnings results on Thursday, July 31st. The e-commerce giant reported $1.68 EPS for the quarter, topping the consensus estimate of $1.31 by $0.37. Amazon.com had a return on equity of 23.84% and a net margin of 10.54%.The firm had revenue of $167.70 billion during the quarter, compared to analysts' expectations of $161.80 billion. During the same period in the previous year, the business earned $1.26 earnings per share. The firm's revenue for the quarter was up 13.3% on a year-over-year basis. Amazon.com has set its Q3 2025 guidance at EPS. Analysts expect that Amazon.com, Inc. will post 6.31 EPS for the current year.

Insider Activity

In related news, CEO Douglas J. Herrington sold 2,500 shares of the business's stock in a transaction that occurred on Tuesday, September 2nd. The stock was sold at an average price of $223.49, for a total transaction of $558,725.00. Following the completion of the sale, the chief executive officer directly owned 518,007 shares in the company, valued at approximately $115,769,384.43. The trade was a 0.48% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, SVP David Zapolsky sold 13,570 shares of the business's stock in a transaction that occurred on Friday, August 22nd. The stock was sold at an average price of $222.76, for a total value of $3,022,853.20. Following the sale, the senior vice president owned 44,110 shares of the company's stock, valued at $9,825,943.60. The trade was a 23.53% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 25,097,911 shares of company stock valued at $5,676,032,574 in the last three months. Company insiders own 9.70% of the company's stock.

Analysts Set New Price Targets

Several analysts recently commented on the stock. Wedbush raised their price target on shares of Amazon.com from $235.00 to $250.00 and gave the company an "outperform" rating in a research report on Wednesday, July 30th. Telsey Advisory Group reissued an "outperform" rating and set a $265.00 target price on shares of Amazon.com in a research note on Wednesday, August 13th. The Goldman Sachs Group restated a "buy" rating on shares of Amazon.com in a research report on Friday, August 1st. JMP Securities restated a "market outperform" rating and issued a $285.00 price target on shares of Amazon.com in a research note on Friday, August 1st. Finally, Bank of America increased their price target on Amazon.com from $265.00 to $272.00 and gave the stock a "buy" rating in a research report on Friday, August 1st. Two investment analysts have rated the stock with a Strong Buy rating, forty-six have issued a Buy rating and two have given a Hold rating to the stock. According to MarketBeat.com, the stock has a consensus rating of "Buy" and a consensus price target of $262.87.

Amazon.com 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.