Evernest Financial Advisors LLC Has $931,000 Stock Holdings in Amazon.com, Inc. (NASDAQ:AMZN)

Evernest Financial Advisors LLC increased its holdings in Amazon.com, Inc. (NASDAQ:AMZN) by 19.0% in the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 4,820 shares of the e-commerce giant’s stock after purchasing an additional 769 shares during the period. Evernest Financial Advisors LLC’s holdings in Amazon.com were worth $931,000 at the end of the most recent quarter.

Several other hedge funds have also recently added to or reduced their stakes in AMZN. Garrison Point Advisors LLC grew its holdings in shares of Amazon.com by 0.3% in the 1st quarter. Garrison Point Advisors LLC now owns 20,375 shares of the e-commerce giant’s stock valued at $3,675,000 after buying an additional 55 shares during the period. Meridian Investment Counsel Inc. grew its holdings in shares of Amazon.com by 1.8% in the 2nd quarter. Meridian Investment Counsel Inc. now owns 3,076 shares of the e-commerce giant’s stock valued at $594,000 after buying an additional 55 shares during the period. Ridgecrest Wealth Partners LLC grew its holdings in shares of Amazon.com by 0.7% in the 1st quarter. Ridgecrest Wealth Partners LLC now owns 7,755 shares of the e-commerce giant’s stock valued at $1,399,000 after buying an additional 56 shares during the period. Stordahl Capital Management Inc. grew its holdings in shares of Amazon.com by 2.1% in the 1st quarter. Stordahl Capital Management Inc. now owns 2,763 shares of the e-commerce giant’s stock valued at $498,000 after buying an additional 56 shares during the period. Finally, Lutz Financial Services LLC grew its holdings in shares of Amazon.com by 1.9% in the 1st quarter. Lutz Financial Services LLC now owns 3,053 shares of the e-commerce giant’s stock valued at $551,000 after buying an additional 57 shares during the period. Institutional investors and hedge funds own 72.20% of the company’s stock.

Analyst Ratings Changes

Several equities analysts have recently issued reports on the stock. Telsey Advisory Group reissued an “outperform” rating and issued a $215.00 price target on shares of Amazon.com in a report on Thursday. Cantor Fitzgerald reissued an “overweight” rating and issued a $230.00 price target on shares of Amazon.com in a report on Monday, October 7th. Benchmark reaffirmed a “buy” rating and issued a $200.00 price objective on shares of Amazon.com in a research report on Friday, August 2nd. Rosenblatt Securities boosted their price objective on shares of Amazon.com from $220.00 to $221.00 and gave the company a “buy” rating in a research report on Friday, August 2nd. Finally, Wedbush reaffirmed an “outperform” rating and issued a $225.00 price objective on shares of Amazon.com in a research report on Friday, August 2nd. Two research analysts have rated the stock with a hold rating, forty-two have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $224.00.

Amazon.com Stock Up 1.2 %

Shares of AMZN opened at $188.82 on Friday. Amazon.com, Inc. has a 52 week low of $118.35 and a 52 week high of $201.20. The firm has a market cap of $1.98 trillion, a P/E ratio of 45.17, a price-to-earnings-growth ratio of 1.38 and a beta of 1.14. The firm’s 50-day simple moving average is $179.58 and its 200 day simple moving average is $183.14. The company has a debt-to-equity ratio of 0.23, a quick ratio of 0.88 and a current ratio of 1.10.

Amazon.com (NASDAQ:AMZN) last announced its quarterly earnings results on Thursday, August 1st. The e-commerce giant reported $1.23 EPS for the quarter, beating analysts’ consensus estimates of $1.05 by $0.18. Amazon.com had a net margin of 7.35% and a return on equity of 21.39%. The business had revenue of $147.98 billion for the quarter, compared to analyst estimates of $148.63 billion. On average, analysts forecast that Amazon.com, Inc. will post 4.85 earnings per share for the current year.

Insider Activity at Amazon.com

In related news, CEO Douglas J. Herrington sold 3,500 shares of the company’s stock in a transaction dated Thursday, August 1st. The shares were sold at an average price of $189.25, for a total value of $662,375.00. Following the transaction, the chief executive officer now owns 503,753 shares in the company, valued at approximately $95,335,255.25. This represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other Amazon.com news, SVP David Zapolsky sold 2,190 shares of the stock in a transaction that occurred on Tuesday, September 24th. The shares were sold at an average price of $195.00, for a total transaction of $427,050.00. Following the transaction, the senior vice president now owns 62,420 shares in the company, valued at $12,171,900. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CEO Douglas J. Herrington sold 3,500 shares of the stock in a transaction that occurred on Thursday, August 1st. The stock was sold at an average price of $189.25, for a total transaction of $662,375.00. Following the transaction, the chief executive officer now owns 503,753 shares in the company, valued at approximately $95,335,255.25. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 54,355 shares of company stock worth $9,877,423. Insiders own 10.80% of the company’s stock.

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.