Amazon.com, Inc. (NASDAQ:AMZN) is Everence Capital Management Inc.’s 8th Largest Position

Everence Capital Management Inc. cut its stake in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 19.6% during the 4th quarter, Holdings Channel.com reports. The firm owned 175,000 shares of the e-commerce giant’s stock after selling 42,610 shares during the quarter. Amazon.com accounts for about 1.9% of Everence Capital Management Inc.’s holdings, making the stock its 8th largest position. Everence Capital Management Inc.’s holdings in Amazon.com were worth $26,590,000 at the end of the most recent quarter.

Several other hedge funds have also bought and sold shares of AMZN. LS Investment Advisors LLC boosted its position in shares of Amazon.com by 91.9% in the third quarter. LS Investment Advisors LLC now owns 8,759 shares of the e-commerce giant’s stock worth $1,113,000 after purchasing an additional 4,195 shares during the period. Clarity Financial LLC lifted its stake in shares of Amazon.com by 89.4% during the 3rd quarter. Clarity Financial LLC now owns 95,974 shares of the e-commerce giant’s stock valued at $12,200,000 after buying an additional 45,290 shares in the last quarter. Secure Asset Management LLC boosted its holdings in Amazon.com by 32.8% in the 3rd quarter. Secure Asset Management LLC now owns 35,976 shares of the e-commerce giant’s stock worth $4,573,000 after buying an additional 8,893 shares during the period. Oak Thistle LLC increased its stake in Amazon.com by 252.3% in the 3rd quarter. Oak Thistle LLC now owns 9,802 shares of the e-commerce giant’s stock worth $1,246,000 after buying an additional 7,020 shares in the last quarter. Finally, Next Capital Management LLC raised its holdings in Amazon.com by 82.0% during the third quarter. Next Capital Management LLC now owns 154,128 shares of the e-commerce giant’s stock valued at $19,593,000 after acquiring an additional 69,427 shares during the period. Institutional investors own 72.20% of the company’s stock.

Amazon.com Trading Up 0.8 %

Shares of NASDAQ AMZN opened at $186.21 on Monday. Amazon.com, Inc. has a twelve month low of $103.31 and a twelve month high of $189.77. The firm has a market cap of $1.94 trillion, a PE ratio of 52.16, a price-to-earnings-growth ratio of 1.38 and a beta of 1.15. The business has a fifty day simple moving average of $179.02 and a two-hundred day simple moving average of $160.75. The company has a quick ratio of 0.84, a current ratio of 1.07 and a debt-to-equity ratio of 0.27.

Amazon.com (NASDAQ:AMZN) last released its quarterly earnings data on Tuesday, April 30th. The e-commerce giant reported $0.98 earnings per share for the quarter, beating the consensus estimate of $0.83 by $0.15. Amazon.com had a return on equity of 19.86% and a net margin of 6.38%. The firm had revenue of $143.31 billion during the quarter, compared to the consensus estimate of $142.65 billion. During the same period in the previous year, the company posted $0.31 earnings per share. The firm’s quarterly revenue was up 12.5% on a year-over-year basis. Analysts expect that Amazon.com, Inc. will post 4.67 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several research firms recently issued reports on AMZN. Needham & Company LLC reiterated a “buy” rating and set a $205.00 target price on shares of Amazon.com in a research report on Wednesday, May 1st. Evercore ISI lifted their price objective on shares of Amazon.com from $220.00 to $225.00 and gave the company an “outperform” rating in a research report on Wednesday, May 1st. Barclays upped their target price on shares of Amazon.com from $220.00 to $230.00 and gave the stock an “overweight” rating in a research report on Wednesday, May 1st. JPMorgan Chase & Co. increased their price objective on shares of Amazon.com from $225.00 to $240.00 and gave the company an “overweight” rating in a report on Wednesday, May 1st. Finally, Robert W. Baird lifted their target price on Amazon.com from $205.00 to $210.00 and gave the stock an “outperform” rating in a report on Wednesday, May 1st. One analyst has rated the stock with a hold rating, forty-four have assigned a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the company has an average rating of “Buy” and a consensus price target of $211.07.

Insider Transactions at Amazon.com

In related news, CEO Adam Selipsky sold 500 shares of Amazon.com stock in a transaction that occurred on Thursday, March 21st. The shares were sold at an average price of $180.00, for a total transaction of $90,000.00. Following the transaction, the chief executive officer now directly owns 132,600 shares of the company’s stock, valued at $23,868,000. The sale was disclosed in a filing with the SEC, which is accessible through this link. In other Amazon.com news, VP Shelley Reynolds sold 3,100 shares of the business’s stock in a transaction dated Wednesday, February 21st. The shares were sold at an average price of $168.97, for a total value of $523,807.00. Following the completion of the transaction, the vice president now directly owns 119,780 shares in the company, valued at $20,239,226.60. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Adam Selipsky sold 500 shares of the firm’s stock in a transaction dated Thursday, March 21st. The shares were sold at an average price of $180.00, for a total transaction of $90,000.00. Following the completion of the sale, the chief executive officer now owns 132,600 shares in the company, valued at $23,868,000. The disclosure for this sale can be found here. In the last quarter, insiders sold 32,217,010 shares of company stock valued at $5,506,442,301. Company insiders own 10.80% of the company’s stock.

Amazon.com Company 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.