Evernest Financial Advisors LLC Lowers Stock Holdings in Amazon.com, Inc. (NASDAQ:AMZN)

Evernest Financial Advisors LLC trimmed its holdings in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 4.5% in the 3rd quarter, according to its most recent disclosure with the SEC. The fund owned 4,603 shares of the e-commerce giant’s stock after selling 217 shares during the period. Evernest Financial Advisors LLC’s holdings in Amazon.com were worth $858,000 as of its most recent SEC filing.

Several other large investors have also recently made changes to their positions in AMZN. China Universal Asset Management Co. Ltd. lifted its holdings in shares of Amazon.com by 31.6% during the first quarter. China Universal Asset Management Co. Ltd. now owns 182,359 shares of the e-commerce giant’s stock valued at $32,894,000 after purchasing an additional 43,759 shares during the last quarter. Quent Capital LLC lifted its holdings in shares of Amazon.com by 3.3% during the first quarter. Quent Capital LLC now owns 33,729 shares of the e-commerce giant’s stock valued at $6,084,000 after purchasing an additional 1,081 shares during the last quarter. Broderick Brian C increased its position in shares of Amazon.com by 18.2% during the first quarter. Broderick Brian C now owns 67,096 shares of the e-commerce giant’s stock valued at $12,103,000 after acquiring an additional 10,338 shares in the last quarter. Cohen Capital Management Inc. increased its position in shares of Amazon.com by 2.8% during the first quarter. Cohen Capital Management Inc. now owns 72,567 shares of the e-commerce giant’s stock valued at $13,090,000 after acquiring an additional 1,972 shares in the last quarter. Finally, Delaney Dennis R increased its position in shares of Amazon.com by 2.6% during the first quarter. Delaney Dennis R now owns 33,836 shares of the e-commerce giant’s stock valued at $6,103,000 after acquiring an additional 868 shares in the last quarter. 72.20% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several equities research analysts recently weighed in on AMZN shares. TD Cowen raised their price target on shares of Amazon.com from $230.00 to $240.00 and gave the company a “buy” rating in a research report on Friday, November 1st. Needham & Company LLC raised their price target on shares of Amazon.com from $210.00 to $250.00 and gave the company a “buy” rating in a research report on Thursday, November 14th. Stifel Nicolaus raised their price target on shares of Amazon.com from $224.00 to $245.00 and gave the company a “buy” rating in a research report on Friday, November 1st. JPMorgan Chase & Co. raised their price target on shares of Amazon.com from $230.00 to $250.00 and gave the company an “overweight” rating in a research report on Friday, November 1st. Finally, Telsey Advisory Group raised their price target on shares of Amazon.com from $215.00 to $235.00 and gave the company an “outperform” rating in a research report on Friday, November 1st. Two equities research analysts have rated the stock with a hold rating, forty have given a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, Amazon.com has an average rating of “Moderate Buy” and an average target price of $235.77.

Insider Activity at Amazon.com

In other news, Director Jonathan Rubinstein sold 4,766 shares of the firm’s stock in a transaction that occurred on Thursday, November 7th. The stock was sold at an average price of $209.85, for a total value of $1,000,145.10. Following the completion of the sale, the director now directly owns 94,630 shares of the company’s stock, valued at $19,858,105.50. This trade represents a 4.79 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, SVP David Zapolsky sold 2,190 shares of the firm’s stock in a transaction that occurred on Tuesday, September 24th. The shares were sold at an average price of $195.00, for a total value of $427,050.00. Following the completion of the sale, the senior vice president now directly owns 62,420 shares of the company’s stock, valued at $12,171,900. The trade was a 3.39 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 6,011,423 shares of company stock valued at $1,249,093,896. Insiders own 10.80% of the company’s stock.

Amazon.com Price Performance

Shares of Amazon.com stock opened at $197.12 on Friday. The stock has a 50 day moving average of $193.00 and a 200 day moving average of $186.32. Amazon.com, Inc. has a 12 month low of $142.81 and a 12 month high of $215.90. The firm has a market cap of $2.07 trillion, a PE ratio of 42.21, a PEG ratio of 1.37 and a beta of 1.14. The company has a current ratio of 1.09, a quick ratio of 0.87 and a debt-to-equity ratio of 0.21.

Amazon.com (NASDAQ:AMZN) last announced its quarterly earnings results on Thursday, October 31st. The e-commerce giant reported $1.43 EPS for the quarter, beating analysts’ consensus estimates of $1.14 by $0.29. Amazon.com had a return on equity of 22.41% and a net margin of 8.04%. The company had revenue of $158.88 billion during the quarter, compared to analyst estimates of $157.28 billion. During the same period in the prior year, the company earned $0.85 earnings per share. The firm’s revenue was up 11.0% on a year-over-year basis. On average, research analysts expect that Amazon.com, Inc. will post 5.27 EPS for the current fiscal year.

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.