Evergreen Wealth Management LLC Purchases 729 Shares of Amazon.com, Inc. (NASDAQ:AMZN)

Evergreen Wealth Management LLC increased its position in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 2.1% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 35,868 shares of the e-commerce giant’s stock after acquiring an additional 729 shares during the quarter. Amazon.com comprises approximately 4.7% of Evergreen Wealth Management LLC’s investment portfolio, making the stock its 4th biggest holding. Evergreen Wealth Management LLC’s holdings in Amazon.com were worth $7,869,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently bought and sold shares of the company. AMF Tjanstepension AB increased its stake in Amazon.com by 44.3% during the 3rd quarter. AMF Tjanstepension AB now owns 2,641,401 shares of the e-commerce giant’s stock worth $492,172,000 after purchasing an additional 811,425 shares in the last quarter. Swedbank AB boosted its holdings in shares of Amazon.com by 1.4% in the third quarter. Swedbank AB now owns 13,335,826 shares of the e-commerce giant’s stock valued at $2,484,864,000 after buying an additional 183,610 shares during the period. Sassicaia Capital Advisers LLC bought a new stake in shares of Amazon.com during the third quarter worth $279,000. Ellsworth Advisors LLC raised its holdings in shares of Amazon.com by 8.5% during the third quarter. Ellsworth Advisors LLC now owns 1,739 shares of the e-commerce giant’s stock worth $324,000 after acquiring an additional 136 shares during the period. Finally, TruWealth Advisors LLC lifted its position in Amazon.com by 0.6% in the 3rd quarter. TruWealth Advisors LLC now owns 184,173 shares of the e-commerce giant’s stock valued at $34,317,000 after acquiring an additional 1,080 shares in the last quarter. Institutional investors and hedge funds own 72.20% of the company’s stock.

Amazon.com Trading Down 1.1 %

Shares of AMZN stock opened at $195.74 on Tuesday. The stock has a 50 day simple moving average of $221.02 and a 200 day simple moving average of $207.92. Amazon.com, Inc. has a 1 year low of $151.61 and a 1 year high of $242.52. The company has a current ratio of 1.06, a quick ratio of 0.87 and a debt-to-equity ratio of 0.18. The stock has a market cap of $2.07 trillion, a P/E ratio of 35.40, a price-to-earnings-growth ratio of 1.50 and a beta of 1.19.

Amazon.com (NASDAQ:AMZN) last released its earnings results on Thursday, February 6th. The e-commerce giant reported $1.86 earnings per share for the quarter, beating analysts’ consensus estimates of $1.52 by $0.34. Amazon.com had a return on equity of 24.25% and a net margin of 9.29%. On average, research analysts predict that Amazon.com, Inc. will post 6.31 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other news, CEO Douglas J. Herrington sold 5,501 shares of the company’s stock in a transaction that occurred on Tuesday, February 18th. The shares were sold at an average price of $228.44, for a total transaction of $1,256,648.44. Following the completion of the sale, the chief executive officer now owns 505,318 shares of the company’s stock, valued at approximately $115,434,843.92. This represents a 1.08 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, SVP David Zapolsky sold 19,212 shares of the stock in a transaction that occurred on Monday, February 24th. The stock was sold at an average price of $217.50, for a total transaction of $4,178,610.00. Following the sale, the senior vice president now owns 49,950 shares in the company, valued at $10,864,125. This represents a 27.78 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 102,298 shares of company stock worth $22,871,828 over the last ninety days. Corporate insiders own 10.80% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts have issued reports on the company. Phillip Securities cut Amazon.com from a “strong-buy” rating to a “moderate buy” rating in a report on Monday, February 10th. Loop Capital increased their price objective on Amazon.com from $275.00 to $285.00 and gave the stock a “buy” rating in a report on Wednesday, February 12th. Raymond James boosted their target price on Amazon.com from $260.00 to $275.00 in a research note on Monday, February 10th. Stifel Nicolaus raised their price target on shares of Amazon.com from $245.00 to $275.00 and gave the stock a “buy” rating in a research note on Friday, February 7th. Finally, Wolfe Research boosted their price target on shares of Amazon.com from $250.00 to $270.00 and gave the stock an “outperform” rating in a research report on Friday, January 3rd. Two research analysts have rated the stock with a hold rating, forty-two have assigned a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $260.65.

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.