Amazon.com, Inc. (NASDAQ:AMZN) Shares Acquired by Evercore Wealth Management LLC

Evercore Wealth Management LLC lifted its position in Amazon.com, Inc. (NASDAQ:AMZN) by 0.4% in the first quarter, HoldingsChannel.com reports. The firm owned 60,371 shares of the e-commerce giant’s stock after acquiring an additional 257 shares during the period. Amazon.com comprises 3.5% of Evercore Wealth Management LLC’s investment portfolio, making the stock its 4th largest holding. Evercore Wealth Management LLC’s holdings in Amazon.com were worth $196,806,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also modified their holdings of the company. Fifth Third Bancorp raised its stake in Amazon.com by 1.5% during the first quarter. Fifth Third Bancorp now owns 177,679 shares of the e-commerce giant’s stock worth $579,225,000 after acquiring an additional 2,686 shares in the last quarter. LRT Capital Management LLC acquired a new position in Amazon.com during the first quarter worth $939,000. Graypoint LLC raised its stake in Amazon.com by 57.9% during the first quarter. Graypoint LLC now owns 1,704 shares of the e-commerce giant’s stock worth $5,555,000 after acquiring an additional 625 shares in the last quarter. Castle Rock Wealth Management LLC raised its stake in Amazon.com by 10.6% during the first quarter. Castle Rock Wealth Management LLC now owns 1,715 shares of the e-commerce giant’s stock worth $5,422,000 after acquiring an additional 164 shares in the last quarter. Finally, Kentucky Retirement Systems Insurance Trust Fund raised its stake in Amazon.com by 10.0% during the first quarter. Kentucky Retirement Systems Insurance Trust Fund now owns 12,917 shares of the e-commerce giant’s stock worth $42,109,000 after acquiring an additional 1,172 shares in the last quarter. 57.15% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

AMZN has been the topic of several research analyst reports. MKM Partners decreased their target price on Amazon.com from $180.00 to $165.00 in a report on Monday, July 25th. Evercore ISI decreased their target price on Amazon.com from $205.00 to $180.00 and set an “outperform” rating on the stock in a report on Friday, June 24th. UBS Group increased their target price on Amazon.com from $167.00 to $180.00 and gave the stock a “buy” rating in a report on Friday, July 29th. Loop Capital decreased their target price on Amazon.com from $187.50 to $141.25 and set a “buy” rating on the stock in a report on Friday, May 27th. Finally, Stifel Nicolaus decreased their target price on Amazon.com from $190.00 to $185.00 in a report on Friday, July 15th. Two investment analysts have rated the stock with a sell rating, two have issued a hold rating and thirty-six have assigned a buy rating to the stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $176.61.

Amazon.com Stock Performance

AMZN opened at $136.45 on Tuesday. The business’s 50-day moving average price is $128.07 and its two-hundred day moving average price is $131.42. Amazon.com, Inc. has a 1 year low of $101.26 and a 1 year high of $188.11. The company has a market capitalization of $1.39 trillion, a price-to-earnings ratio of 122.32, a P/E/G ratio of 5.95 and a beta of 1.33. The company has a debt-to-equity ratio of 0.44, a current ratio of 0.95 and a quick ratio of 0.68.

Amazon.com (NASDAQ:AMZNGet Rating) last released its quarterly earnings results on Thursday, July 28th. The e-commerce giant reported ($0.20) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.15 by ($0.35). The firm had revenue of $121.23 billion during the quarter, compared to analyst estimates of $119.16 billion. Amazon.com had a net margin of 2.39% and a return on equity of 15.79%. The business’s revenue for the quarter was up 7.2% compared to the same quarter last year. During the same period in the prior year, the business earned $0.76 EPS. Equities analysts expect that Amazon.com, Inc. will post 0.99 EPS for the current fiscal year.

Insider Activity at Amazon.com

In related news, VP Shelley Reynolds sold 3,480 shares of Amazon.com stock in a transaction dated Monday, August 22nd. The stock was sold at an average price of $134.23, for a total value of $467,120.40. Following the sale, the vice president now owns 119,780 shares of the company’s stock, valued at $16,078,069.40. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. In related news, VP Shelley Reynolds sold 3,480 shares of Amazon.com stock in a transaction dated Monday, August 22nd. The stock was sold at an average price of $134.23, for a total value of $467,120.40. Following the sale, the vice president now owns 119,780 shares of the company’s stock, valued at $16,078,069.40. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CEO Douglas J. Herrington sold 7,448 shares of the business’s stock in a transaction that occurred on Monday, August 22nd. The stock was sold at an average price of $134.25, for a total value of $999,894.00. Following the transaction, the chief executive officer now directly owns 498,572 shares in the company, valued at approximately $66,933,291. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 70,108 shares of company stock valued at $9,736,335. 12.70% of the stock is owned by insiders.

Amazon.com Company Profile

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Amazon.com, Inc engages in the retail sale of consumer products and subscriptions in North America and internationally. The company operates through three segments: North America, International, and Amazon Web Services (AWS). It sells merchandise and content purchased for resale from third-party sellers through physical and online stores.

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Institutional Ownership by Quarter for Amazon.com (NASDAQ:AMZN)

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