Amazon.com, Inc. (NASDAQ:AMZN) Stock Holdings Lifted by Evergreen Wealth Management LLC

Evergreen Wealth Management LLC raised its stake in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 3.0% in the 3rd quarter, according to its most recent disclosure with the SEC. The firm owned 35,139 shares of the e-commerce giant’s stock after purchasing an additional 1,033 shares during the period. Amazon.com accounts for about 3.9% of Evergreen Wealth Management LLC’s investment portfolio, making the stock its 7th biggest holding. Evergreen Wealth Management LLC’s holdings in Amazon.com were worth $6,547,000 as of its most recent filing with the SEC.

A number of other hedge funds have also modified their holdings of the company. BCS Wealth Management grew its holdings in Amazon.com by 1.6% during the 2nd quarter. BCS Wealth Management now owns 10,594 shares of the e-commerce giant’s stock valued at $2,047,000 after buying an additional 162 shares in the last quarter. James Hambro & Partners grew its holdings in Amazon.com by 2.0% during the 2nd quarter. James Hambro & Partners now owns 589,671 shares of the e-commerce giant’s stock worth $114,025,000 after acquiring an additional 11,779 shares in the last quarter. SJS Investment Consulting Inc. lifted its position in shares of Amazon.com by 2.1% in the 2nd quarter. SJS Investment Consulting Inc. now owns 9,874 shares of the e-commerce giant’s stock worth $1,908,000 after purchasing an additional 205 shares during the period. Financial Insights Inc. increased its holdings in shares of Amazon.com by 3.0% in the 2nd quarter. Financial Insights Inc. now owns 27,234 shares of the e-commerce giant’s stock valued at $5,263,000 after acquiring an additional 803 shares during the period. Finally, Great Valley Advisor Group Inc. boosted its position in Amazon.com by 1.8% during the second quarter. Great Valley Advisor Group Inc. now owns 331,088 shares of the e-commerce giant’s stock valued at $63,983,000 after purchasing an additional 5,742 shares in the last quarter. 72.20% of the stock is currently owned by institutional investors.

Amazon.com Stock Performance

Shares of AMZN opened at $223.75 on Friday. The company has a debt-to-equity ratio of 0.21, a current ratio of 1.09 and a quick ratio of 0.87. The stock has a market cap of $2.35 trillion, a price-to-earnings ratio of 47.91, a PEG ratio of 1.54 and a beta of 1.16. Amazon.com, Inc. has a one year low of $144.05 and a one year high of $233.00. The company has a 50-day moving average of $209.73 and a two-hundred day moving average of $192.81.

Amazon.com (NASDAQ:AMZN) last issued its earnings results on Thursday, October 31st. The e-commerce giant reported $1.43 EPS for the quarter, topping the consensus estimate of $1.14 by $0.29. The business had revenue of $158.88 billion during the quarter, compared to analysts’ expectations of $157.28 billion. Amazon.com had a return on equity of 22.41% and a net margin of 8.04%. Amazon.com’s revenue was up 11.0% compared to the same quarter last year. During the same quarter last year, the firm posted $0.85 earnings per share. On average, equities research analysts expect that Amazon.com, Inc. will post 5.29 earnings per share for the current year.

Insider Activity

In other news, Director Jonathan Rubinstein sold 4,351 shares of Amazon.com stock in a transaction that occurred on Monday, December 9th. The stock was sold at an average price of $229.85, for a total transaction of $1,000,077.35. Following the sale, the director now owns 88,203 shares of the company’s stock, valued at approximately $20,273,459.55. This trade represents a 4.70 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Douglas J. Herrington sold 5,502 shares of the firm’s stock in a transaction on Friday, November 15th. The stock was sold at an average price of $205.81, for a total value of $1,132,366.62. Following the completion of the transaction, the chief executive officer now directly owns 518,911 shares of the company’s stock, valued at approximately $106,797,072.91. This trade represents a 1.05 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders have sold 6,032,344 shares of company stock valued at $1,253,456,822. Insiders own 10.80% of the company’s stock.

Analyst Ratings Changes

A number of research analysts have recently issued reports on the stock. Needham & Company LLC reaffirmed a “buy” rating and issued a $250.00 price objective on shares of Amazon.com in a research report on Tuesday, December 10th. Benchmark lifted their price target on Amazon.com from $200.00 to $215.00 and gave the stock a “buy” rating in a research note on Friday, November 1st. UBS Group increased their price objective on shares of Amazon.com from $230.00 to $264.00 and gave the company a “buy” rating in a report on Monday, December 16th. Telsey Advisory Group raised their price target on shares of Amazon.com from $215.00 to $235.00 and gave the stock an “outperform” rating in a report on Friday, November 1st. Finally, Stifel Nicolaus boosted their price target on shares of Amazon.com from $224.00 to $245.00 and gave the company a “buy” rating in a research note on Friday, November 1st. Two equities research analysts have rated the stock with a hold rating, forty-one have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, Amazon.com presently has a consensus rating of “Moderate Buy” and a consensus price target of $243.00.

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.