Evercore Wealth Management LLC Sells 1,199 Shares of Amazon.com, Inc. (NASDAQ:AMZN)

Evercore Wealth Management LLC decreased its holdings in Amazon.com, Inc. (NASDAQ:AMZN) by 0.1% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund owned 1,220,590 shares of the e-commerce giant’s stock after selling 1,199 shares during the quarter. Amazon.com accounts for about 4.0% of Evercore Wealth Management LLC’s investment portfolio, making the stock its 4th largest position. Evercore Wealth Management LLC’s holdings in Amazon.com were worth $267,785,000 as of its most recent filing with the SEC.

Several other hedge funds have also recently added to or reduced their stakes in AMZN. Syon Capital LLC grew its position in Amazon.com by 29.6% during the 4th quarter. Syon Capital LLC now owns 57,316 shares of the e-commerce giant’s stock worth $12,575,000 after purchasing an additional 13,101 shares in the last quarter. Tenere Capital LLC purchased a new position in Amazon.com during the 4th quarter worth approximately $22,093,000. Coppell Advisory Solutions LLC grew its position in Amazon.com by 298.5% during the 4th quarter. Coppell Advisory Solutions LLC now owns 96,906 shares of the e-commerce giant’s stock worth $21,506,000 after purchasing an additional 72,586 shares in the last quarter. Beck Capital Management LLC grew its position in Amazon.com by 3.0% during the 4th quarter. Beck Capital Management LLC now owns 49,660 shares of the e-commerce giant’s stock worth $10,895,000 after purchasing an additional 1,431 shares in the last quarter. Finally, Oxford Wealth Group LLC grew its position in Amazon.com by 4.9% during the 4th quarter. Oxford Wealth Group LLC now owns 19,458 shares of the e-commerce giant’s stock worth $4,269,000 after purchasing an additional 903 shares in the last quarter. Institutional investors and hedge funds own 72.20% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts have weighed in on AMZN shares. Rosenblatt Securities lifted their price objective on shares of Amazon.com from $287.00 to $288.00 and gave the stock a “buy” rating in a research report on Friday, May 2nd. Jefferies Financial Group lowered their price objective on shares of Amazon.com from $250.00 to $240.00 and set a “buy” rating on the stock in a research report on Tuesday, April 22nd. Wells Fargo & Company lowered their price objective on shares of Amazon.com from $207.00 to $203.00 and set an “equal weight” rating on the stock in a research report on Tuesday, February 25th. Westpark Capital restated a “buy” rating and set a $280.00 price target on shares of Amazon.com in a report on Friday, May 2nd. Finally, Truist Financial lowered their price target on shares of Amazon.com from $265.00 to $230.00 and set a “buy” rating on the stock in a report on Thursday, April 10th. Four equities research analysts have rated the stock with a hold rating and forty-four have issued a buy rating to the company. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $244.09.

Insider Activity

In other news, CEO Andrew R. Jassy sold 20,784 shares of the company’s stock in a transaction dated Friday, February 21st. The shares were sold at an average price of $220.65, for a total transaction of $4,585,989.60. Following the completion of the transaction, the chief executive officer now owns 2,118,886 shares of the company’s stock, valued at approximately $467,532,195.90. This represents a 0.97% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Keith Brian Alexander sold 1,000 shares of the company’s stock in a transaction dated Monday, May 12th. The shares were sold at an average price of $210.68, for a total transaction of $210,680.00. Following the transaction, the director now directly owns 5,465 shares of the company’s stock, valued at $1,151,366.20. This represents a 15.47% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 80,798 shares of company stock valued at $17,696,733. Insiders own 9.70% of the company’s stock.

Amazon.com Stock Up 0.2%

Shares of AMZN opened at $205.59 on Friday. The company has a 50-day simple moving average of $189.33 and a 200-day simple moving average of $208.61. The firm has a market capitalization of $2.18 trillion, a P/E ratio of 37.18, a P/E/G ratio of 1.50 and a beta of 1.30. The company has a debt-to-equity ratio of 0.18, a quick ratio of 0.87 and a current ratio of 1.06. Amazon.com, Inc. has a 52 week low of $151.61 and a 52 week high of $242.52.

Amazon.com (NASDAQ:AMZN) last announced its quarterly earnings data on Thursday, May 1st. The e-commerce giant reported $1.59 EPS for the quarter, beating analysts’ consensus estimates of $1.38 by $0.21. The business had revenue of $155.67 billion during the quarter, compared to analyst estimates of $154.96 billion. Amazon.com had a net margin of 9.29% and a return on equity of 24.25%. The firm’s revenue for the quarter was up 8.6% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.98 earnings per share. On average, equities research analysts expect that Amazon.com, Inc. will post 6.31 earnings per share for the current year.

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.