Amazon.com, Inc. (NASDAQ:AMZN) Holdings Decreased by Evermay Wealth Management LLC

Evermay Wealth Management LLC reduced its position in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 2.0% in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 43,799 shares of the e-commerce giant’s stock after selling 894 shares during the quarter. Amazon.com comprises 1.5% of Evermay Wealth Management LLC’s portfolio, making the stock its 15th largest holding. Evermay Wealth Management LLC’s holdings in Amazon.com were worth $9,609,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently bought and sold shares of the company. SeaBridge Investment Advisors LLC lifted its holdings in shares of Amazon.com by 27.2% in the fourth quarter. SeaBridge Investment Advisors LLC now owns 32,863 shares of the e-commerce giant’s stock valued at $7,210,000 after purchasing an additional 7,021 shares in the last quarter. Blossom Wealth Management grew its position in Amazon.com by 4.2% in the fourth quarter. Blossom Wealth Management now owns 5,042 shares of the e-commerce giant’s stock worth $1,106,000 after acquiring an additional 201 shares in the last quarter. Dohj LLC increased its position in Amazon.com by 32.0% during the fourth quarter. Dohj LLC now owns 38,414 shares of the e-commerce giant’s stock worth $8,428,000 after buying an additional 9,311 shares during the last quarter. AJ Advisors LLC raised its stake in shares of Amazon.com by 2.3% in the 4th quarter. AJ Advisors LLC now owns 3,330 shares of the e-commerce giant’s stock valued at $731,000 after acquiring an additional 76 shares in the last quarter. Finally, Marietta Wealth Management LLC lifted its stake in shares of Amazon.com by 0.5% in the fourth quarter. Marietta Wealth Management LLC now owns 70,479 shares of the e-commerce giant’s stock worth $15,462,000 after buying an additional 366 shares during the last quarter. 72.20% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several brokerages recently weighed in on AMZN. Stifel Nicolaus increased their target price on Amazon.com from $245.00 to $275.00 and gave the company a “buy” rating in a research note on Friday, February 7th. Canaccord Genuity Group reissued a “buy” rating on shares of Amazon.com in a report on Thursday, February 13th. HSBC boosted their price target on shares of Amazon.com from $225.00 to $270.00 and gave the stock a “buy” rating in a research note on Monday, January 13th. BMO Capital Markets reiterated an “outperform” rating and issued a $236.00 target price on shares of Amazon.com in a report on Tuesday, December 3rd. Finally, Rosenblatt Securities upped their price target on shares of Amazon.com from $236.00 to $287.00 and gave the company a “buy” rating in a report on Friday, February 7th. Two research analysts have rated the stock with a hold rating, forty-two have issued a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $260.74.

Amazon.com Price Performance

Amazon.com stock opened at $216.58 on Monday. The company has a current ratio of 1.06, a quick ratio of 0.87 and a debt-to-equity ratio of 0.18. The company has a market cap of $2.30 trillion, a price-to-earnings ratio of 39.16, a PEG ratio of 1.54 and a beta of 1.15. Amazon.com, Inc. has a 12 month low of $151.61 and a 12 month high of $242.52. The business’s 50 day simple moving average is $227.88 and its 200 day simple moving average is $204.55.

Amazon.com (NASDAQ:AMZN) last posted its earnings results on Thursday, February 6th. The e-commerce giant reported $1.86 earnings per share for the quarter, topping analysts’ consensus estimates of $1.52 by $0.34. Amazon.com had a net margin of 9.29% and a return on equity of 24.25%. Sell-side analysts forecast that Amazon.com, Inc. will post 6.31 EPS for the current year.

Insiders Place Their Bets

In other Amazon.com news, Director Jonathan Rubinstein sold 4,351 shares of Amazon.com stock in a transaction that occurred on Monday, December 9th. The stock was sold at an average price of $229.85, for a total transaction of $1,000,077.35. Following the sale, the director now directly owns 88,203 shares of the company’s stock, valued at approximately $20,273,459.55. The trade was a 4.70 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CEO Douglas J. Herrington sold 5,501 shares of the company’s stock in a transaction dated Tuesday, February 18th. The stock was sold at an average price of $228.44, for a total transaction of $1,256,648.44. Following the completion of the sale, the chief executive officer now directly owns 505,318 shares in the company, valued at $115,434,843.92. This represents a 1.08 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 40,852 shares of company stock valued at $9,324,151. 10.80% of the stock is currently owned by corporate insiders.

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.