Evermay Wealth Management LLC Reduces Holdings in Amazon.com, Inc. (NASDAQ:AMZN)

Evermay Wealth Management LLC decreased its holdings in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 1.3% during the third quarter, according to its most recent disclosure with the SEC. The fund owned 44,693 shares of the e-commerce giant’s stock after selling 585 shares during the period. Amazon.com makes up approximately 1.3% of Evermay Wealth Management LLC’s investment portfolio, making the stock its 13th largest holding. Evermay Wealth Management LLC’s holdings in Amazon.com were worth $8,328,000 as of its most recent SEC filing.

A number of other large investors have also modified their holdings of AMZN. Capital Research Global Investors lifted its holdings in shares of Amazon.com by 8.5% during the first quarter. Capital Research Global Investors now owns 86,982,857 shares of the e-commerce giant’s stock worth $15,689,968,000 after purchasing an additional 6,810,145 shares during the period. Legal & General Group Plc lifted its holdings in shares of Amazon.com by 1.5% during the second quarter. Legal & General Group Plc now owns 69,686,374 shares of the e-commerce giant’s stock worth $13,466,933,000 after purchasing an additional 1,042,177 shares during the period. Bank of New York Mellon Corp lifted its holdings in shares of Amazon.com by 0.4% during the second quarter. Bank of New York Mellon Corp now owns 67,745,972 shares of the e-commerce giant’s stock worth $13,091,909,000 after purchasing an additional 289,532 shares during the period. Capital International Investors lifted its holdings in shares of Amazon.com by 7.4% during the first quarter. Capital International Investors now owns 42,370,172 shares of the e-commerce giant’s stock worth $7,642,732,000 after purchasing an additional 2,932,192 shares during the period. Finally, Ameriprise Financial Inc. lifted its holdings in shares of Amazon.com by 3.4% during the second quarter. Ameriprise Financial Inc. now owns 40,973,804 shares of the e-commerce giant’s stock worth $7,917,906,000 after purchasing an additional 1,329,150 shares during the period. Hedge funds and other institutional investors own 72.20% of the company’s stock.

Insider Activity at Amazon.com

In related news, CEO Douglas J. Herrington sold 3,500 shares of the firm’s stock in a transaction dated Monday, December 2nd. The stock was sold at an average price of $210.00, for a total transaction of $735,000.00. Following the completion of the transaction, the chief executive officer now directly owns 524,567 shares in the company, valued at $110,159,070. This trade represents a 0.66 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, SVP David Zapolsky sold 2,190 shares of the firm’s stock in a transaction dated Tuesday, September 24th. The shares were sold at an average price of $195.00, for a total value of $427,050.00. Following the transaction, the senior vice president now owns 62,420 shares of the company’s stock, valued at $12,171,900. This trade represents a 3.39 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 6,030,183 shares of company stock worth $1,252,883,795 in the last three months. 10.80% of the stock is owned by company insiders.

Analysts Set New Price Targets

A number of research firms recently commented on AMZN. BMO Capital Markets reaffirmed an “outperform” rating and set a $236.00 target price on shares of Amazon.com in a report on Tuesday. Telsey Advisory Group boosted their price target on Amazon.com from $215.00 to $235.00 and gave the company an “outperform” rating in a report on Friday, November 1st. Morgan Stanley boosted their price target on Amazon.com from $210.00 to $230.00 and gave the company an “overweight” rating in a report on Monday, November 4th. JPMorgan Chase & Co. boosted their price target on Amazon.com from $230.00 to $250.00 and gave the company an “overweight” rating in a report on Friday, November 1st. Finally, Rosenblatt Securities boosted their price target on Amazon.com from $221.00 to $236.00 and gave the company a “buy” rating in a report on Friday, November 1st. Two equities research analysts have rated the stock with a hold rating, forty-one have assigned a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $236.20.

Amazon.com Stock Performance

NASDAQ AMZN opened at $220.55 on Friday. The stock has a market cap of $2.32 trillion, a PE ratio of 47.23, a P/E/G ratio of 1.43 and a beta of 1.16. The company has a current ratio of 1.09, a quick ratio of 0.87 and a debt-to-equity ratio of 0.21. Amazon.com, Inc. has a twelve month low of $143.64 and a twelve month high of $222.15. The stock has a fifty day simple moving average of $196.61 and a 200-day simple moving average of $187.78.

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

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.