Amazon.com, Inc. (NASDAQ:AMZN) Shares Bought by Empire Financial Management Company LLC

Empire Financial Management Company LLC grew its holdings in Amazon.com, Inc. (NASDAQ:AMZN - Free Report) by 11.0% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund owned 31,957 shares of the e-commerce giant's stock after purchasing an additional 3,156 shares during the quarter. Amazon.com comprises 2.2% of Empire Financial Management Company LLC's portfolio, making the stock its 6th biggest holding. Empire Financial Management Company LLC's holdings in Amazon.com were worth $7,011,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Accordant Advisory Group Inc grew its position in shares of Amazon.com by 400.0% in the fourth quarter. Accordant Advisory Group Inc now owns 125 shares of the e-commerce giant's stock valued at $27,000 after purchasing an additional 100 shares during the last quarter. Prudent Man Investment Management Inc. acquired a new stake in Amazon.com during the fourth quarter worth about $27,000. LSV Asset Management acquired a new stake in Amazon.com during the fourth quarter worth about $35,000. Perritt Capital Management Inc grew its position in Amazon.com by 72.7% during the fourth quarter. Perritt Capital Management Inc now owns 190 shares of the e-commerce giant's stock worth $42,000 after buying an additional 80 shares in the last quarter. Finally, Quattro Financial Advisors LLC grew its position in Amazon.com by 23.8% during the fourth quarter. Quattro Financial Advisors LLC now owns 234 shares of the e-commerce giant's stock worth $51,000 after buying an additional 45 shares in the last quarter. 72.20% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other news, CEO Douglas J. Herrington sold 4,784 shares of the business's stock in a transaction on Thursday, May 15th. The shares were sold at an average price of $205.05, for a total value of $980,959.20. Following the completion of the transaction, the chief executive officer now owns 514,150 shares of the company's stock, valued at $105,426,457.50. The trade was a 0.92% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CFO Brian T. Olsavsky sold 14,620 shares of the business's stock in a transaction on Friday, February 21st. The shares were sold at an average price of $223.14, for a total transaction of $3,262,306.80. Following the completion of the transaction, the chief financial officer now directly owns 49,000 shares of the company's stock, valued at $10,933,860. This trade represents a 22.98% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 80,081 shares of company stock valued at $17,421,044. Company insiders own 9.70% of the company's stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently weighed in on AMZN shares. Deutsche Bank Aktiengesellschaft decreased their target price on Amazon.com from $287.00 to $206.00 and set a "buy" rating on the stock in a research report on Monday, April 14th. JPMorgan Chase & Co. lifted their target price on Amazon.com from $220.00 to $225.00 and gave the stock an "overweight" rating in a research report on Friday, May 2nd. Scotiabank decreased their target price on Amazon.com from $306.00 to $250.00 and set a "sector outperform" rating on the stock in a research report on Monday, April 21st. BNP Paribas raised Amazon.com to a "hold" rating in a research report on Wednesday, April 30th. Finally, Bank of America cut their price target on shares of Amazon.com from $257.00 to $225.00 and set a "buy" rating for the company in a research note on Wednesday, April 9th. Four research analysts have rated the stock with a hold rating and forty-four have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $244.09.

Amazon.com Stock Performance

Shares of Amazon.com stock opened at $201.12 on Thursday. The company has a debt-to-equity ratio of 0.18, a current ratio of 1.06 and a quick ratio of 0.87. The firm has a market cap of $2.14 trillion, a P/E ratio of 36.37, a P/E/G ratio of 1.50 and a beta of 1.30. The firm has a 50 day simple moving average of $189.74 and a 200 day simple moving average of $208.74. Amazon.com, Inc. has a fifty-two week low of $151.61 and a fifty-two week high of $242.52.

Amazon.com (NASDAQ:AMZN - Get Free Report) last released its earnings results on Thursday, May 1st. The e-commerce giant reported $1.59 EPS for the quarter, topping analysts' consensus estimates of $1.38 by $0.21. Amazon.com had a net margin of 9.29% and a return on equity of 24.25%. The firm had revenue of $155.67 billion during the quarter, compared to analyst estimates of $154.96 billion. During the same quarter in the previous year, the business earned $0.98 EPS. The business's quarterly revenue was up 8.6% compared to the same quarter last year. Sell-side analysts predict that Amazon.com, Inc. will post 6.31 earnings per share for the current fiscal year.

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.