Amazon.com, Inc. (NASDAQ:AMZN) Stake Reduced by Empirical Finance LLC

Empirical Finance LLC reduced its position in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 0.7% during the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 316,288 shares of the e-commerce giant’s stock after selling 2,379 shares during the quarter. Amazon.com comprises about 3.8% of Empirical Finance LLC’s portfolio, making the stock its 4th biggest position. Empirical Finance LLC’s holdings in Amazon.com were worth $61,123,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. Cooksen Wealth LLC purchased a new position in shares of Amazon.com in the 4th quarter valued at $30,000. Christopher J. Hasenberg Inc increased its holdings in shares of Amazon.com by 650.0% in the 2nd quarter. Christopher J. Hasenberg Inc now owns 300 shares of the e-commerce giant’s stock valued at $58,000 after acquiring an additional 260 shares during the period. Clarity Asset Management Inc. purchased a new position in shares of Amazon.com in the 4th quarter valued at $46,000. Steph & Co. purchased a new position in shares of Amazon.com in the 1st quarter valued at $65,000. Finally, Koesten Hirschmann & Crabtree INC. purchased a new position in shares of Amazon.com in the 1st quarter valued at $69,000. 72.20% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity at Amazon.com

In other Amazon.com news, VP Shelley Reynolds sold 3,791 shares of the company’s stock in a transaction on Wednesday, August 21st. The stock was sold at an average price of $181.04, for a total transaction of $686,322.64. Following the transaction, the vice president now directly owns 121,461 shares in the company, valued at $21,989,299.44. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other Amazon.com news, VP Shelley Reynolds sold 3,791 shares of the company’s stock in a transaction on Wednesday, August 21st. The stock was sold at an average price of $181.04, for a total transaction of $686,322.64. Following the transaction, the vice president now directly owns 121,461 shares in the company, valued at $21,989,299.44. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Jeffrey P. Bezos sold 1,228,993 shares of the company’s stock in a transaction on Monday, July 8th. The stock was sold at an average price of $200.36, for a total value of $246,241,037.48. Following the transaction, the insider now owns 930,696,284 shares in the company, valued at $186,474,307,462.24. The disclosure for this sale can be found here. Over the last three months, insiders have sold 6,104,317 shares of company stock worth $1,220,621,322. Insiders own 10.80% of the company’s stock.

Amazon.com Trading Up 0.0 %

AMZN opened at $193.96 on Wednesday. Amazon.com, Inc. has a one year low of $118.35 and a one year high of $201.20. The stock has a market capitalization of $2.02 trillion, a PE ratio of 54.33, a P/E/G ratio of 1.39 and a beta of 1.14. The business’s 50 day moving average price is $178.59 and its 200 day moving average price is $182.35. The company has a debt-to-equity ratio of 0.23, a quick ratio of 0.88 and a current ratio of 1.10.

Amazon.com (NASDAQ:AMZN) last released its quarterly earnings data on Thursday, August 1st. The e-commerce giant reported $1.23 EPS for the quarter, beating analysts’ consensus estimates of $1.05 by $0.18. Amazon.com had a return on equity of 21.39% and a net margin of 7.35%. The firm had revenue of $147.98 billion for the quarter, compared to analysts’ expectations of $148.63 billion. As a group, equities research analysts expect that Amazon.com, Inc. will post 4.86 EPS for the current year.

Wall Street Analyst Weigh In

A number of analysts have recently weighed in on AMZN shares. UBS Group raised their price objective on Amazon.com from $217.00 to $224.00 and gave the stock a “buy” rating in a research report on Tuesday, July 30th. Itau BBA Securities cut Amazon.com from an “outperform” rating to a “market perform” rating and set a $186.00 price objective for the company. in a research report on Friday, August 2nd. Cantor Fitzgerald reissued an “overweight” rating and issued a $230.00 price objective on shares of Amazon.com in a research report on Monday. TD Securities raised their price objective on Amazon.com from $225.00 to $245.00 in a research report on Wednesday, July 10th. Finally, Stifel Nicolaus lowered their price objective on Amazon.com from $228.00 to $224.00 and set a “buy” rating for the company in a research report on Friday, August 2nd. One research analyst has rated the stock with a hold rating, forty-one have given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Buy” and an average price target of $222.84.

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.