Evergreen Wealth Management LLC Buys 1,033 Shares of Amazon.com, Inc. (NASDAQ:AMZN)

Evergreen Wealth Management LLC boosted its stake in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 3.0% during the 3rd quarter, HoldingsChannel.com reports. The institutional investor owned 35,139 shares of the e-commerce giant’s stock after buying an additional 1,033 shares during the period. Amazon.com makes up approximately 3.9% of Evergreen Wealth Management LLC’s holdings, 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 SEC filing.

A number of other hedge funds have also modified their holdings of the company. Comgest Global Investors S.A.S. increased its holdings in Amazon.com by 6.4% during the third quarter. Comgest Global Investors S.A.S. now owns 1,176,406 shares of the e-commerce giant’s stock worth $219,200,000 after buying an additional 70,274 shares during the last quarter. LJI Wealth Management LLC lifted its stake in shares of Amazon.com by 16.0% during the 3rd quarter. LJI Wealth Management LLC now owns 13,993 shares of the e-commerce giant’s stock worth $2,607,000 after buying an additional 1,930 shares during the last quarter. Heritage Investment Group Inc. boosted its holdings in shares of Amazon.com by 91.6% during the 3rd quarter. Heritage Investment Group Inc. now owns 4,571 shares of the e-commerce giant’s stock worth $852,000 after buying an additional 2,185 shares during the period. RIA Advisory Group LLC acquired a new position in Amazon.com in the 3rd quarter valued at about $2,219,000. Finally, Maxwell Wealth Strategies Inc. increased its stake in shares of Amazon.com by 28.8% during the third quarter. Maxwell Wealth Strategies Inc. now owns 14,955 shares of the e-commerce giant’s stock worth $2,984,000 after purchasing an additional 3,346 shares during the period. 72.20% of the stock is currently owned by institutional investors.

Amazon.com Price Performance

NASDAQ AMZN opened at $223.75 on Friday. The business’s fifty day moving average is $209.73 and its 200 day moving average is $192.81. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.87 and a current ratio of 1.09. Amazon.com, Inc. has a fifty-two week low of $144.05 and a fifty-two week high of $233.00. The company has a market capitalization of $2.35 trillion, a PE ratio of 47.91, a price-to-earnings-growth ratio of 1.54 and a beta of 1.16.

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

Analysts Set New Price Targets

Several equities research analysts recently weighed in on the stock. Moffett Nathanson upped their price objective on shares of Amazon.com from $235.00 to $248.00 and gave the stock a “buy” rating in a research report on Tuesday, November 26th. UBS Group boosted their price target on Amazon.com from $230.00 to $264.00 and gave the stock a “buy” rating in a report on Monday, December 16th. TD Cowen upped their price objective on Amazon.com from $240.00 to $265.00 and gave the stock a “buy” rating in a research report on Thursday, December 12th. Susquehanna lifted their price target on shares of Amazon.com from $220.00 to $230.00 and gave the company a “positive” rating in a report on Friday, November 1st. Finally, JMP Securities reiterated a “market outperform” rating and set a $285.00 price objective on shares of Amazon.com in a research report on Monday, December 16th. Two investment analysts have rated the stock with a hold rating, forty-one have given a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, Amazon.com presently has an average rating of “Moderate Buy” and a consensus price target of $243.00.

Insider Activity

In other news, Director Daniel P. Huttenlocher sold 1,237 shares of the business’s stock in a transaction dated Tuesday, November 19th. The shares were sold at an average price of $199.06, for a total value of $246,237.22. Following the completion of the sale, the director now owns 24,912 shares in the company, valued at approximately $4,958,982.72. The trade was a 4.73 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Jeffrey P. Bezos sold 2,996,362 shares of the stock in a transaction that occurred on Friday, November 8th. The shares were sold at an average price of $208.85, for a total transaction of $625,790,203.70. Following the transaction, the insider now owns 917,416,976 shares in the company, valued at approximately $191,602,535,437.60. This represents a 0.33 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 6,032,344 shares of company stock valued at $1,253,456,822 in the last ninety days. Insiders own 10.80% of the company’s stock.

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.