Evergreen Capital Management LLC Reduces Stock Holdings in Amazon.com, Inc. $AMZN

Evergreen Capital Management LLC trimmed its position in Amazon.com, Inc. (NASDAQ:AMZN) by 1.0% in the second quarter, according to its most recent filing with the SEC. The institutional investor owned 244,664 shares of the e-commerce giant’s stock after selling 2,386 shares during the period. Amazon.com comprises 1.6% of Evergreen Capital Management LLC’s investment portfolio, making the stock its 7th biggest position. Evergreen Capital Management LLC’s holdings in Amazon.com were worth $53,677,000 at the end of the most recent reporting period.

Several other hedge funds have also recently modified their holdings of AMZN. Kingstone Capital Partners Texas LLC boosted its position in Amazon.com by 542,733.6% in the second quarter. Kingstone Capital Partners Texas LLC now owns 132,641,388 shares of the e-commerce giant’s stock worth $29,100,194,000 after purchasing an additional 132,616,953 shares during the last quarter. Norges Bank purchased a new position in shares of Amazon.com in the 2nd quarter worth about $27,438,011,000. Nuveen LLC bought a new position in Amazon.com during the first quarter valued at about $11,674,091,000. Vanguard Group Inc. raised its position in Amazon.com by 2.1% in the second quarter. Vanguard Group Inc. now owns 849,721,601 shares of the e-commerce giant’s stock worth $186,420,422,000 after acquiring an additional 17,447,045 shares during the period. Finally, Laurel Wealth Advisors LLC raised its position in Amazon.com by 22,085.8% in the second quarter. Laurel Wealth Advisors LLC now owns 12,177,557 shares of the e-commerce giant’s stock worth $2,671,634,000 after acquiring an additional 12,122,668 shares during the period. Institutional investors own 72.20% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently issued reports on AMZN shares. BMO Capital Markets restated an “outperform” rating on shares of Amazon.com in a research note on Friday, December 5th. JPMorgan Chase & Co. reissued a “buy” rating and issued a $305.00 target price on shares of Amazon.com in a research report on Friday. CICC Research boosted their target price on Amazon.com from $240.00 to $280.00 and gave the company an “outperform” rating in a research note on Wednesday, November 5th. KeyCorp reiterated an “overweight” rating on shares of Amazon.com in a research note on Friday, December 5th. Finally, Robert W. Baird set a $285.00 price objective on Amazon.com and gave the stock an “outperform” rating in a report on Friday, October 31st. Two equities research analysts have rated the stock with a Strong Buy rating, fifty-six have issued a Buy rating and three have assigned a Hold rating to the company’s stock. According to MarketBeat, Amazon.com currently has an average rating of “Moderate Buy” and an average target price of $295.43.

Amazon.com Stock Performance

Shares of AMZN opened at $226.19 on Friday. The company has a debt-to-equity ratio of 0.14, a quick ratio of 0.80 and a current ratio of 1.01. The stock has a market capitalization of $2.42 trillion, a price-to-earnings ratio of 31.95, a price-to-earnings-growth ratio of 1.56 and a beta of 1.37. Amazon.com, Inc. has a 52-week low of $161.38 and a 52-week high of $258.60. The stock’s 50-day simple moving average is $229.35 and its 200 day simple moving average is $224.87.

Amazon.com (NASDAQ:AMZN) last announced its quarterly earnings results on Thursday, October 30th. The e-commerce giant reported $1.95 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.57 by $0.38. Amazon.com had a net margin of 11.06% and a return on equity of 23.62%. The firm had revenue of $180.17 billion for the quarter, compared to the consensus estimate of $177.53 billion. During the same period in the prior year, the firm posted $1.43 earnings per share. The company’s revenue for the quarter was up 13.4% on a year-over-year basis. Research analysts forecast that Amazon.com, Inc. will post 6.31 EPS for the current fiscal year.

Insiders Place Their Bets

In related news, Director Daniel P. Huttenlocher sold 1,237 shares of the stock in a transaction on Thursday, November 20th. The stock was sold at an average price of $226.61, for a total value of $280,316.57. Following the sale, the director owned 26,148 shares in the company, valued at approximately $5,925,398.28. This trade represents a 4.52% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CEO Douglas J. Herrington sold 2,500 shares of the business’s stock in a transaction dated Monday, December 1st. The stock was sold at an average price of $233.22, for a total value of $583,050.00. Following the transaction, the chief executive officer owned 505,934 shares of the company’s stock, valued at approximately $117,993,927.48. The trade was a 0.49% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last ninety days, insiders sold 82,234 shares of company stock worth $19,076,767. Company insiders own 9.70% of the company’s stock.

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.