Amazon.com, Inc. (NASDAQ:AMZN) Stock Position Increased by Everence Capital Management Inc.

Everence Capital Management Inc. boosted its position in Amazon.com, Inc. (NASDAQ:AMZN - Free Report) by 0.8% in the fourth quarter, according to its most recent filing with the SEC. The institutional investor owned 176,370 shares of the e-commerce giant's stock after purchasing an additional 1,370 shares during the period. Amazon.com comprises 2.5% of Everence Capital Management Inc.'s investment portfolio, making the stock its 8th biggest position. Everence Capital Management Inc.'s holdings in Amazon.com were worth $38,694,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Rench Wealth Management Inc. increased its holdings in Amazon.com by 7.9% during the third quarter. Rench Wealth Management Inc. now owns 50,403 shares of the e-commerce giant's stock worth $9,392,000 after buying an additional 3,703 shares during the last quarter. Foundations Investment Advisors LLC increased its stake in shares of Amazon.com by 9.7% during the 3rd quarter. Foundations Investment Advisors LLC now owns 184,594 shares of the e-commerce giant's stock worth $34,395,000 after purchasing an additional 16,392 shares during the last quarter. Blankinship & Foster LLC raised its holdings in shares of Amazon.com by 216.4% in the 3rd quarter. Blankinship & Foster LLC now owns 6,930 shares of the e-commerce giant's stock worth $1,291,000 after purchasing an additional 4,740 shares during the period. Umpqua Bank lifted its stake in Amazon.com by 0.4% in the third quarter. Umpqua Bank now owns 35,120 shares of the e-commerce giant's stock valued at $6,544,000 after purchasing an additional 137 shares during the last quarter. Finally, Washington Trust Advisors Inc. grew its holdings in Amazon.com by 0.4% during the third quarter. Washington Trust Advisors Inc. now owns 225,254 shares of the e-commerce giant's stock valued at $41,972,000 after purchasing an additional 982 shares during the period. Hedge funds and other institutional investors own 72.20% of the company's stock.

Amazon.com Trading Up 2.4 %

Amazon.com stock traded up $5.28 during trading hours on Friday, reaching $225.94. The company had a trading volume of 42,097,354 shares, compared to its average volume of 27,997,364. The firm has a market cap of $2.38 trillion, a price-to-earnings ratio of 48.38, a P/E/G ratio of 1.22 and a beta of 1.14. Amazon.com, Inc. has a 12-month low of $151.61 and a 12-month high of $233.00. The company has a debt-to-equity ratio of 0.21, a current ratio of 1.09 and a quick ratio of 0.87. The company has a 50-day moving average price of $217.91 and a 200 day moving average price of $196.28.

Amazon.com (NASDAQ:AMZN - Get Free Report) last issued its earnings results on Thursday, October 31st. The e-commerce giant reported $1.43 EPS for the quarter, topping the consensus estimate of $1.14 by $0.29. The company had revenue of $158.88 billion for the quarter, compared to the consensus estimate of $157.28 billion. Amazon.com had a net margin of 8.04% and a return on equity of 22.41%. The firm's revenue for the quarter was up 11.0% on a year-over-year basis. During the same period in the previous year, the firm earned $0.85 earnings per share. Equities analysts forecast that Amazon.com, Inc. will post 5.38 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several brokerages have issued reports on AMZN. Deutsche Bank Aktiengesellschaft boosted their target price on Amazon.com from $225.00 to $232.00 and gave the company a "buy" rating in a research note on Friday, November 1st. UBS Group upped their price objective on shares of Amazon.com from $230.00 to $264.00 and gave the company a "buy" rating in a report on Monday, December 16th. Redburn Atlantic lifted their target price on shares of Amazon.com from $225.00 to $235.00 and gave the stock a "buy" rating in a research note on Tuesday, November 26th. Oppenheimer upped their price target on shares of Amazon.com from $220.00 to $230.00 and gave the company an "outperform" rating in a research note on Friday, November 1st. Finally, Scotiabank lifted their price objective on shares of Amazon.com from $245.00 to $246.00 and gave the company a "sector outperform" rating in a research note on Friday, November 1st. 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 MarketBeat.com, Amazon.com currently has an average rating of "Moderate Buy" and a consensus price target of $245.65.

Insider Activity

In related news, Director Jonathan Rubinstein sold 5,004 shares of the business's stock in a transaction dated Friday, November 1st. The shares were sold at an average price of $199.85, for a total transaction of $1,000,049.40. Following the transaction, the director now owns 99,396 shares in the company, valued at $19,864,290.60. The trade was a 4.79 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Douglas J. Herrington sold 5,502 shares of the stock in a transaction dated Friday, November 15th. The stock was sold at an average price of $205.81, for a total transaction of $1,132,366.62. Following the completion of the transaction, the chief executive officer now directly owns 518,911 shares of the company's stock, valued at approximately $106,797,072.91. The trade was a 1.05 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 6,032,344 shares of company stock valued at $1,253,456,822. Insiders own 10.80% 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.