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

Empower Advisory Group LLC grew its position in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 0.3% during the 1st quarter, according to the company in its most recent disclosure with the SEC. The fund owned 1,570,327 shares of the e-commerce giant’s stock after purchasing an additional 4,191 shares during the quarter. Amazon.com makes up about 1.0% of Empower Advisory Group LLC’s holdings, making the stock its 23rd largest position. Empower Advisory Group LLC’s holdings in Amazon.com were worth $298,770,000 at the end of the most recent reporting period.

Other hedge funds also recently made changes to their positions in the company. Castlekeep Investment Advisors LLC purchased a new position in shares of Amazon.com during the fourth quarter worth about $25,000. LSV Asset Management acquired a new stake in shares of Amazon.com in the fourth quarter valued at approximately $35,000. Cooksen Wealth LLC acquired a new stake in shares of Amazon.com in the first quarter valued at approximately $36,000. Inlight Wealth Management LLC acquired a new stake in shares of Amazon.com in the first quarter valued at approximately $40,000. Finally, Capitol Family Office Inc. purchased a new position in Amazon.com during the 1st quarter worth $42,000. Hedge funds and other institutional investors own 72.20% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages have issued reports on AMZN. Wedbush raised their price objective on shares of Amazon.com from $235.00 to $250.00 and gave the stock an “outperform” rating in a research report on Wednesday, July 30th. Cantor Fitzgerald raised their price objective on shares of Amazon.com from $260.00 to $280.00 and gave the stock an “overweight” rating in a research report on Friday, August 1st. Telsey Advisory Group reissued an “outperform” rating and set a $265.00 price objective on shares of Amazon.com in a research report on Wednesday, August 13th. Truist Financial raised their price objective on shares of Amazon.com from $226.00 to $250.00 and gave the stock a “buy” rating in a research report on Wednesday, July 2nd. Finally, BNP Paribas raised shares of Amazon.com from a “hold” rating to a “strong-buy” rating in a research report on Friday, June 27th. Two analysts have rated the stock with a Strong Buy rating, forty-six have assigned a Buy rating and two have issued a Hold rating to the company. Based on data from MarketBeat, Amazon.com has an average rating of “Buy” and an average price target of $262.87.

Amazon.com Stock Up 4.3%

Shares of NASDAQ AMZN opened at $235.68 on Friday. 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, Inc. has a 52 week low of $161.38 and a 52 week high of $242.52. The firm has a 50-day moving average price of $225.56 and a 200 day moving average price of $208.09. The stock has a market capitalization of $2.51 trillion, a price-to-earnings ratio of 35.93, a price-to-earnings-growth ratio of 1.52 and a beta of 1.30.

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

Insider Activity

In other news, insider Jeffrey P. Bezos sold 4,273,237 shares of Amazon.com stock in a transaction on Friday, July 11th. The stock was sold at an average price of $224.81, for a total transaction of $960,666,409.97. Following the completion of the transaction, the insider owned 897,722,088 shares of the company’s stock, valued at $201,816,902,603.28. The trade was a 0.47% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Over the last three months, insiders sold 25,097,911 shares of company stock worth $5,676,032,574. Insiders own 9.70% of the company’s stock.

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.