Amazon.com, Inc. $AMZN Holdings Lifted by Evergreen Private Wealth LLC

Key Points

• Evergreen Private Wealth LLC increased its stake in Amazon.com, Inc. by 4.6% during Q2, making Amazon its 9th largest holding valued at $7 million.
• Several hedge funds have also increased their positions in Amazon.com, leading to 72.20% of the company being owned by institutional investors.
• Wall Street analysts have consistently raised their target prices for Amazon.com, with a consensus target now at $266.26 and multiple "buy" ratings issued.

Evergreen Private Wealth LLC boosted its holdings in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 4.6% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 32,082 shares of the e-commerce giant's stock after purchasing an additional 1,401 shares during the period. Amazon.com comprises approximately 2.9% of Evergreen Private Wealth LLC's holdings, making the stock its 9th largest holding. Evergreen Private Wealth LLC's holdings in Amazon.com were worth $7,038,000 at the end of the most recent quarter.

A number of other hedge funds also recently bought and sold shares of the business. Amarillo National Bank grew its holdings in shares of Amazon.com by 0.6% during the 2nd quarter. Amarillo National Bank now owns 24,490 shares of the e-commerce giant's stock worth $5,373,000 after acquiring an additional 140 shares during the period. MontVue Capital Management Inc. purchased a new position in shares of Amazon.com during the 2nd quarter worth approximately $221,000. Embree Financial Group grew its holdings in shares of Amazon.com by 10.0% during the 2nd quarter. Embree Financial Group now owns 34,771 shares of the e-commerce giant's stock worth $7,628,000 after acquiring an additional 3,153 shares during the period. Strategic Investment Solutions Inc. IL grew its holdings in shares of Amazon.com by 32.1% during the 2nd quarter. Strategic Investment Solutions Inc. IL now owns 12,079 shares of the e-commerce giant's stock worth $2,650,000 after acquiring an additional 2,933 shares during the period. Finally, EdgeRock Capital LLC grew its holdings in shares of Amazon.com by 9.2% during the 2nd quarter. EdgeRock Capital LLC now owns 12,302 shares of the e-commerce giant's stock worth $2,702,000 after acquiring an additional 1,035 shares during the period. Hedge funds and other institutional investors own 72.20% of the company's stock.

Wall Street Analyst Weigh In

A number of research analysts have weighed in on the company. HSBC upped their target price on Amazon.com from $256.00 to $260.00 and gave the stock a "buy" rating in a report on Monday, September 29th. Monness Crespi & Hardt upped their target price on Amazon.com from $265.00 to $275.00 and gave the stock a "buy" rating in a report on Friday, August 1st. DA Davidson upped their target price on Amazon.com from $230.00 to $265.00 and gave the stock a "buy" rating in a report on Friday, August 1st. Cantor Fitzgerald upped their target price on Amazon.com from $260.00 to $280.00 and gave the stock an "overweight" rating in a report on Friday, August 1st. Finally, Pivotal Research upped their price target on Amazon.com from $260.00 to $285.00 and gave the stock a "buy" rating in a research note on Friday, August 1st. Three investment analysts have rated the stock with a Strong Buy rating, forty-seven have assigned a Buy rating and one has issued a Hold rating to the company. Based on data from MarketBeat, Amazon.com has a consensus rating of "Buy" and a consensus target price of $266.26.

Amazon.com Stock Performance

Shares of AMZN opened at $221.78 on Wednesday. The business's fifty day simple moving average is $226.13 and its two-hundred day simple moving average is $211.48. The company has a current ratio of 1.02, a quick ratio of 0.81 and a debt-to-equity ratio of 0.15. Amazon.com, Inc. has a 12 month low of $161.38 and a 12 month high of $242.52. The company has a market cap of $2.37 trillion, a price-to-earnings ratio of 33.81, a P/E/G ratio of 1.48 and a beta of 1.28.

Amazon.com (NASDAQ:AMZN - Get Free Report) last issued its earnings results on Thursday, July 31st. The e-commerce giant reported $1.68 EPS for the quarter, beating the consensus estimate of $1.31 by $0.37. Amazon.com had a return on equity of 23.84% and a net margin of 10.54%.The business had revenue of $167.70 billion for the quarter, compared to the consensus estimate of $161.80 billion. During the same period last year, the business posted $1.26 EPS. The company's revenue was up 13.3% compared to the same quarter last year. Amazon.com has set its Q3 2025 guidance at EPS. Research analysts anticipate that Amazon.com, Inc. will post 6.31 earnings per share for the current fiscal year.

Insider Buying and Selling at Amazon.com

In other Amazon.com news, CFO Brian T. Olsavsky sold 17,750 shares of the stock in a transaction on Thursday, August 21st. The stock was sold at an average price of $222.74, for a total transaction of $3,953,635.00. Following the sale, the chief financial officer directly owned 49,000 shares in the company, valued at approximately $10,914,260. This trade represents a 26.59% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, SVP David Zapolsky sold 13,570 shares of the stock in a transaction on Friday, August 22nd. The shares were sold at an average price of $222.76, for a total value of $3,022,853.20. Following the transaction, the senior vice president directly owned 44,110 shares in the company, valued at $9,825,943.60. The trade was a 23.53% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 18,313,335 shares of company stock worth $4,164,795,815. 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.

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