Evergreen Wealth Solutions LLC Purchases 606 Shares of Amazon.com, Inc. (NASDAQ:AMZN)

Evergreen Wealth Solutions LLC increased its holdings in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 8.1% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 8,089 shares of the e-commerce giant’s stock after purchasing an additional 606 shares during the period. Amazon.com makes up about 1.2% of Evergreen Wealth Solutions LLC’s holdings, making the stock its 14th biggest position. Evergreen Wealth Solutions LLC’s holdings in Amazon.com were worth $1,775,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the company. Momentous Wealth Management Inc. bought a new stake in Amazon.com during the fourth quarter worth $749,000. Segall Bryant & Hamill LLC lifted its stake in Amazon.com by 14.3% during the fourth quarter. Segall Bryant & Hamill LLC now owns 317,114 shares of the e-commerce giant’s stock worth $69,572,000 after purchasing an additional 39,696 shares during the last quarter. Evergreen Capital Management LLC lifted its stake in shares of Amazon.com by 0.5% in the 4th quarter. Evergreen Capital Management LLC now owns 242,550 shares of the e-commerce giant’s stock valued at $53,213,000 after acquiring an additional 1,198 shares during the last quarter. Arrowstreet Capital Limited Partnership lifted its stake in shares of Amazon.com by 173.6% in the 4th quarter. Arrowstreet Capital Limited Partnership now owns 3,461,573 shares of the e-commerce giant’s stock valued at $759,434,000 after acquiring an additional 2,196,353 shares during the last quarter. Finally, Keyvantage Wealth LLC purchased a new position in Amazon.com during the 4th quarter valued at about $2,735,000. Institutional investors own 72.20% of the company’s stock.

Insider Activity at Amazon.com

In other Amazon.com news, CEO Douglas J. Herrington sold 4,784 shares of the business’s stock in a transaction dated Thursday, May 15th. The stock was sold at an average price of $205.05, for a total value of $980,959.20. Following the transaction, the chief executive officer now owns 514,150 shares in the company, valued at $105,426,457.50. The trade was a 0.92% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director Keith Brian Alexander sold 1,000 shares of the business’s stock in a transaction dated Monday, May 12th. The shares were sold at an average price of $210.68, for a total value of $210,680.00. Following the completion of the transaction, the director now owns 5,465 shares in the company, valued at $1,151,366.20. This trade represents a 15.47% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 80,081 shares of company stock valued at $17,421,044 over the last ninety days. Insiders own 9.70% of the company’s stock.

Amazon.com Price Performance

Shares of AMZN opened at $206.16 on Tuesday. The company has a current ratio of 1.06, a quick ratio of 0.87 and a debt-to-equity ratio of 0.18. Amazon.com, Inc. has a 52 week low of $151.61 and a 52 week high of $242.52. The stock has a 50 day moving average of $189.48 and a 200-day moving average of $208.82. The firm has a market cap of $2.19 trillion, a price-to-earnings ratio of 37.28, a PEG ratio of 1.50 and a beta of 1.30.

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

Analyst Upgrades and Downgrades

A number of research analysts have issued reports on the company. Deutsche Bank Aktiengesellschaft lowered their price objective on Amazon.com from $287.00 to $206.00 and set a “buy” rating for the company in a research note on Monday, April 14th. The Goldman Sachs Group reduced their price objective on Amazon.com from $255.00 to $220.00 and set a “buy” rating for the company in a research report on Tuesday, April 22nd. StockNews.com lowered Amazon.com from a “buy” rating to a “hold” rating in a research note on Monday, May 5th. Wedbush reaffirmed an “outperform” rating and issued a $235.00 price objective (up from $225.00) on shares of Amazon.com in a research note on Friday, May 2nd. Finally, Telsey Advisory Group restated an “outperform” rating and set a $235.00 price objective on shares of Amazon.com in a report on Friday, May 2nd. Four analysts have rated the stock with a hold rating and forty-four have assigned a buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $244.09.

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.