Evergreen Wealth Management LLC Sells 5,144 Shares of Amazon.com, Inc. (NASDAQ:AMZN)

Evergreen Wealth Management LLC reduced its stake in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 14.3% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 30,724 shares of the e-commerce giant’s stock after selling 5,144 shares during the period. Amazon.com accounts for about 3.5% of Evergreen Wealth Management LLC’s portfolio, making the stock its 8th largest holding. Evergreen Wealth Management LLC’s holdings in Amazon.com were worth $5,846,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also made changes to their positions in the stock. Prudent Man Investment Management Inc. acquired a new position in Amazon.com in the fourth quarter valued at approximately $27,000. LSV Asset Management acquired a new position in Amazon.com in the fourth quarter valued at approximately $35,000. Perritt Capital Management Inc lifted its stake in Amazon.com by 72.7% during the fourth quarter. Perritt Capital Management Inc now owns 190 shares of the e-commerce giant’s stock worth $42,000 after purchasing an additional 80 shares in the last quarter. Cooksen Wealth LLC acquired a new position in Amazon.com during the first quarter worth $36,000. Finally, Inlight Wealth Management LLC acquired a new position in Amazon.com during the first quarter worth $40,000. 72.20% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In other Amazon.com news, insider Jeffrey P. Bezos sold 4,273,237 shares of the stock in a transaction on Friday, July 11th. The stock was sold at an average price of $224.81, for a total transaction of $960,666,409.97. Following the transaction, the insider owned 897,722,088 shares of the company’s stock, valued at $201,816,902,603.28. This represents a 0.47% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this link. In the last three months, insiders sold 25,096,253 shares of company stock worth $5,673,745,409. Insiders own 9.70% of the company’s stock.

Amazon.com Trading Up 0.0%

Shares of Amazon.com stock opened at $231.03 on Friday. The company has a debt-to-equity ratio of 0.15, a current ratio of 1.02 and a quick ratio of 0.81. Amazon.com, Inc. has a 1 year low of $161.38 and a 1 year high of $242.52. The company has a market capitalization of $2.46 trillion, a P/E ratio of 35.22, a P/E/G ratio of 1.56 and a beta of 1.31. The business has a 50 day moving average price of $221.41 and a 200 day moving average price of $208.64.

Amazon.com (NASDAQ:AMZN) last issued its quarterly earnings data on Thursday, July 31st. The e-commerce giant reported $1.68 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.31 by $0.37. Amazon.com had a return on equity of 23.84% and a net margin of 10.54%. The firm had revenue of $167.70 billion during the quarter, compared to the consensus estimate of $161.80 billion. During the same period in the previous year, the firm posted $1.26 EPS. The company’s quarterly revenue was up 13.3% compared to the same quarter last year. Sell-side analysts anticipate that Amazon.com, Inc. will post 6.31 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of research analysts have commented on the company. Telsey Advisory Group restated an “outperform” rating and set a $265.00 price target on shares of Amazon.com in a research note on Wednesday. Morgan Stanley reissued an “overweight” rating and set a $300.00 price target on shares of Amazon.com in a research report on Thursday. Susquehanna increased their price target on shares of Amazon.com from $225.00 to $260.00 and gave the stock a “positive” rating in a research report on Friday, August 1st. Pivotal Research increased their price target on shares of Amazon.com from $260.00 to $285.00 and gave the stock a “buy” rating in a research report on Friday, August 1st. Finally, Westpark Capital reissued a “buy” rating and set a $280.00 price target on shares of Amazon.com in a research report on Friday, August 1st. One research analyst has rated the stock with a hold rating, forty-seven have given a buy rating and two have given a strong buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Buy” and a consensus price target of $262.87.

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.