Evernest Financial Advisors LLC Acquires 2,730 Shares of Amazon.com, Inc. (NASDAQ:AMZN)

Evernest Financial Advisors LLC raised its stake in Amazon.com, Inc. (NASDAQ:AMZN - Free Report) by 59.3% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 7,333 shares of the e-commerce giant's stock after acquiring an additional 2,730 shares during the period. Evernest Financial Advisors LLC's holdings in Amazon.com were worth $1,609,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the stock. Hunter Associates Investment Management LLC boosted its stake in Amazon.com by 7.3% in the fourth quarter. Hunter Associates Investment Management LLC now owns 10,996 shares of the e-commerce giant's stock valued at $2,414,000 after acquiring an additional 745 shares during the period. Heritage Financial Services LLC boosted its stake in Amazon.com by 2.1% in the fourth quarter. Heritage Financial Services LLC now owns 5,143 shares of the e-commerce giant's stock valued at $1,128,000 after acquiring an additional 108 shares during the period. Quantum Financial Planning Services Inc. acquired a new position in Amazon.com in the fourth quarter valued at approximately $1,129,000. Luken Investment Analytics LLC raised its holdings in shares of Amazon.com by 8.0% during the fourth quarter. Luken Investment Analytics LLC now owns 4,750 shares of the e-commerce giant's stock valued at $1,042,000 after buying an additional 350 shares during the last quarter. Finally, Sonora Investment Management Group LLC raised its holdings in shares of Amazon.com by 2.7% during the fourth quarter. Sonora Investment Management Group LLC now owns 113,802 shares of the e-commerce giant's stock valued at $24,967,000 after buying an additional 2,996 shares during the last quarter. 72.20% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

AMZN has been the topic of a number of recent analyst reports. Mizuho lifted their price target on Amazon.com from $240.00 to $260.00 and gave the company an "outperform" rating in a report on Tuesday, December 10th. The Goldman Sachs Group lifted their price target on Amazon.com from $240.00 to $255.00 and gave the company a "buy" rating in a report on Friday, February 7th. Phillip Securities cut Amazon.com from a "strong-buy" rating to a "moderate buy" rating in a report on Monday, February 10th. Maxim Group lifted their price target on Amazon.com from $260.00 to $280.00 and gave the company a "buy" rating in a report on Friday, February 7th. Finally, Sanford C. Bernstein lifted their price target on Amazon.com from $235.00 to $265.00 and gave the company an "outperform" rating in a report on Wednesday, December 18th. Two research analysts have rated the stock with a hold rating, forty-two have issued a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat, the company has an average rating of "Moderate Buy" and a consensus target price of $260.74.

Insider Activity

In other news, CEO Douglas J. Herrington sold 5,501 shares of the business's stock in a transaction on Tuesday, February 18th. The shares were sold at an average price of $228.44, for a total transaction of $1,256,648.44. Following the transaction, the chief executive officer now directly owns 505,318 shares in the company, valued at $115,434,843.92. The trade was a 1.08 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Jonathan Rubinstein sold 4,351 shares of the business's stock in a transaction on Monday, December 9th. The shares were sold at an average price of $229.85, for a total transaction of $1,000,077.35. Following the transaction, the director now owns 88,203 shares in the company, valued at approximately $20,273,459.55. This represents a 4.70 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 40,852 shares of company stock worth $9,324,151 in the last ninety days. Corporate insiders own 10.80% of the company's stock.

Amazon.com Trading Down 2.8 %

NASDAQ AMZN traded down $6.30 on Friday, hitting $216.58. 55,147,843 shares of the stock were exchanged, compared to its average volume of 35,339,464. Amazon.com, Inc. has a 52-week low of $151.61 and a 52-week high of $242.52. The company has a debt-to-equity ratio of 0.18, a current ratio of 1.06 and a quick ratio of 0.87. The company has a market capitalization of $2.30 trillion, a price-to-earnings ratio of 39.16, a P/E/G ratio of 1.54 and a beta of 1.15. The company's 50-day moving average price is $227.88 and its two-hundred day moving average price is $203.96.

Amazon.com (NASDAQ:AMZN - Get Free Report) last posted its quarterly earnings results on Thursday, February 6th. The e-commerce giant reported $1.86 EPS for the quarter, beating the consensus estimate of $1.52 by $0.34. Amazon.com had a net margin of 9.29% and a return on equity of 24.25%. Research analysts predict that Amazon.com, Inc. will post 6.31 EPS for the current 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.