Everpar Advisors LLC Increases Position in Amazon.com, Inc. (NASDAQ:AMZN)

Everpar Advisors LLC grew its stake in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 25.2% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 22,270 shares of the e-commerce giant’s stock after buying an additional 4,483 shares during the quarter. Amazon.com accounts for approximately 2.2% of Everpar Advisors LLC’s portfolio, making the stock its 5th largest holding. Everpar Advisors LLC’s holdings in Amazon.com were worth $4,304,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently modified their holdings of AMZN. Collective Family Office LLC boosted its holdings in shares of Amazon.com by 9.7% during the first quarter. Collective Family Office LLC now owns 9,278 shares of the e-commerce giant’s stock worth $1,674,000 after purchasing an additional 819 shares during the period. Phillips Wealth Planners LLC boosted its holdings in shares of Amazon.com by 9.2% during the first quarter. Phillips Wealth Planners LLC now owns 2,655 shares of the e-commerce giant’s stock worth $487,000 after purchasing an additional 224 shares during the period. Bayesian Capital Management LP purchased a new stake in Amazon.com in the fourth quarter worth about $5,926,000. Clearstead Trust LLC lifted its holdings in Amazon.com by 25.8% in the fourth quarter. Clearstead Trust LLC now owns 65,539 shares of the e-commerce giant’s stock worth $9,958,000 after buying an additional 13,454 shares during the period. Finally, Summa Corp. purchased a new stake in Amazon.com in the fourth quarter worth about $1,506,000. 72.20% of the stock is owned by institutional investors.

Amazon.com Stock Performance

NASDAQ:AMZN opened at $173.33 on Thursday. The company has a debt-to-equity ratio of 0.23, a quick ratio of 0.88 and a current ratio of 1.10. The stock has a 50-day simple moving average of $181.93 and a two-hundred day simple moving average of $181.20. The firm has a market capitalization of $1.80 trillion, a PE ratio of 48.55, a P/E/G ratio of 1.34 and a beta of 1.15. Amazon.com, Inc. has a 52-week low of $118.35 and a 52-week high of $201.20.

Amazon.com (NASDAQ:AMZN) last announced its quarterly earnings data on Thursday, August 1st. The e-commerce giant reported $1.23 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.05 by $0.18. The company had revenue of $147.98 billion during the quarter, compared to the consensus estimate of $148.63 billion. Amazon.com had a return on equity of 21.39% and a net margin of 7.35%. Analysts forecast that Amazon.com, Inc. will post 4.86 EPS for the current year.

Insiders Place Their Bets

In other news, CEO Andrew R. Jassy sold 20,784 shares of the firm’s stock in a transaction on Wednesday, August 21st. The shares were sold at an average price of $180.77, for a total transaction of $3,757,123.68. Following the sale, the chief executive officer now directly owns 2,056,534 shares in the company, valued at approximately $371,759,651.18. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other Amazon.com news, insider Jeffrey P. Bezos sold 3,085,116 shares of the company’s stock in a transaction that occurred on Friday, July 5th. The stock was sold at an average price of $200.07, for a total value of $617,239,158.12. Following the completion of the transaction, the insider now directly owns 931,925,277 shares in the company, valued at approximately $186,450,290,169.39. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Andrew R. Jassy sold 20,784 shares of the stock in a transaction that occurred on Wednesday, August 21st. The shares were sold at an average price of $180.77, for a total transaction of $3,757,123.68. Following the sale, the chief executive officer now directly owns 2,056,534 shares of the company’s stock, valued at $371,759,651.18. The disclosure for this sale can be found here. Insiders sold a total of 6,104,317 shares of company stock worth $1,220,621,322 over the last three months. 10.80% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

AMZN has been the subject of several research analyst reports. Bank of America lowered their price objective on shares of Amazon.com from $220.00 to $210.00 and set a “buy” rating for the company in a report on Friday, August 2nd. Roth Mkm raised their price objective on shares of Amazon.com from $210.00 to $215.00 and gave the stock a “buy” rating in a report on Friday, August 2nd. Maxim Group raised their price objective on shares of Amazon.com from $238.00 to $251.00 and gave the stock a “buy” rating in a report on Friday, August 2nd. Wells Fargo & Company lowered their price objective on shares of Amazon.com from $232.00 to $225.00 and set an “overweight” rating for the company in a report on Monday, August 26th. Finally, Wolfe Research began coverage on shares of Amazon.com in a report on Tuesday, July 16th. They set an “outperform” rating and a $250.00 target price for the company. One equities research analyst has rated the stock with a hold rating, forty have issued a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the company has an average rating of “Buy” and an average price target of $222.31.

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.