Evergreen Wealth Solutions LLC Sells 181 Shares of Amazon.com, Inc. (NASDAQ:AMZN)

Evergreen Wealth Solutions LLC cut its position in Amazon.com, Inc. (NASDAQ:AMZN – Get Rating) by 1.6% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 11,420 shares of the e-commerce giant’s stock after selling 181 shares during the quarter. Amazon.com comprises about 1.8% of Evergreen Wealth Solutions LLC’s portfolio, making the stock its 14th biggest holding. Evergreen Wealth Solutions LLC’s holdings in Amazon.com were worth $1,290,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in the company. Fiduciary Planning LLC increased its stake in shares of Amazon.com by 1.5% in the 1st quarter. Fiduciary Planning LLC now owns 349 shares of the e-commerce giant’s stock worth $1,138,000 after purchasing an additional 5 shares in the last quarter. HBC Financial Services PLLC increased its stake in shares of Amazon.com by 0.8% in the 1st quarter. HBC Financial Services PLLC now owns 616 shares of the e-commerce giant’s stock worth $1,717,000 after purchasing an additional 5 shares in the last quarter. Meridian Investment Counsel Inc. increased its stake in shares of Amazon.com by 3.4% in the 1st quarter. Meridian Investment Counsel Inc. now owns 151 shares of the e-commerce giant’s stock worth $492,000 after purchasing an additional 5 shares in the last quarter. Alterna Wealth Management Inc. increased its stake in shares of Amazon.com by 1.8% in the 1st quarter. Alterna Wealth Management Inc. now owns 289 shares of the e-commerce giant’s stock worth $942,000 after purchasing an additional 5 shares in the last quarter. Finally, Archetype Wealth Partners increased its stake in shares of Amazon.com by 3.7% in the 1st quarter. Archetype Wealth Partners now owns 169 shares of the e-commerce giant’s stock worth $552,000 after purchasing an additional 6 shares in the last quarter. 57.64% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

AMZN has been the subject of several analyst reports. Susquehanna upped their price objective on Amazon.com from $140.00 to $150.00 and gave the stock a “positive” rating in a research note on Friday, February 3rd. JPMorgan Chase & Co. increased their price target on Amazon.com from $130.00 to $142.00 and gave the stock an “overweight” rating in a research note on Friday, February 3rd. JMP Securities reiterated a “market outperform” rating and issued a $140.00 price target on shares of Amazon.com in a research note on Friday, February 3rd. Morgan Stanley increased their price target on Amazon.com from $140.00 to $150.00 and gave the stock an “overweight” rating in a research note on Friday, February 3rd. Finally, Truist Financial cut their price target on Amazon.com from $160.00 to $142.00 and set a “buy” rating for the company in a research note on Friday, February 3rd. Two investment analysts have rated the stock with a sell rating, three have issued a hold rating and forty-one have given a buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $144.87.

Insiders Place Their Bets

In other Amazon.com news, CEO Douglas J. Herrington sold 4,000 shares of Amazon.com stock in a transaction on Wednesday, March 1st. The shares were sold at an average price of $93.80, for a total value of $375,200.00. Following the transaction, the chief executive officer now directly owns 560,298 shares of the company’s stock, valued at $52,555,952.40. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. In other news, CEO Douglas J. Herrington sold 4,000 shares of Amazon.com stock in a transaction on Wednesday, March 1st. The shares were sold at an average price of $93.80, for a total transaction of $375,200.00. Following the completion of the sale, the chief executive officer now directly owns 560,298 shares in the company, valued at $52,555,952.40. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, CEO Adam Selipsky sold 5,100 shares of Amazon.com stock in a transaction on Thursday, February 2nd. The stock was sold at an average price of $111.43, for a total transaction of $568,293.00. Following the sale, the chief executive officer now owns 124,180 shares of the company’s stock, valued at $13,837,377.40. The disclosure for this sale can be found here. Over the last three months, insiders have sold 71,394 shares of company stock valued at $6,994,626. 12.70% of the stock is currently owned by insiders.

Amazon.com Stock Performance

Shares of AMZN stock opened at $92.43 on Tuesday. The firm has a market cap of $947.15 billion, a price-to-earnings ratio of -344.88, a PEG ratio of 3.74 and a beta of 1.25. The company’s 50 day moving average is $96.01 and its 200 day moving average is $102.24. The company has a quick ratio of 0.72, a current ratio of 0.94 and a debt-to-equity ratio of 0.46. Amazon.com, Inc. has a 52-week low of $81.43 and a 52-week high of $170.83.

Amazon.com (NASDAQ:AMZN – Get Rating) last issued its quarterly earnings data on Thursday, February 2nd. The e-commerce giant reported $0.03 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.15 by ($0.12). Amazon.com had a negative net margin of 0.53% and a positive return on equity of 5.33%. The business had revenue of $149.20 billion for the quarter, compared to analysts’ expectations of $145.72 billion. During the same period in the previous year, the business earned $1.39 earnings per share. The business’s quarterly revenue was up 8.6% compared to the same quarter last year. On average, sell-side analysts anticipate that Amazon.com, Inc. will post 1.34 EPS for the current fiscal year.

Amazon.com Profile

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Amazon.com, Inc is a multinational technology company, which engages in the provision of online retail shopping services. It operates through the following segments: North America, International, and Amazon Web Services (AWS). The North America segment is involved in the retail sales of consumer products including from sellers and subscriptions through North America-focused online and physical stores.