Evercore Wealth Management LLC Has $24,760,000 Position in Amazon.com Inc. (AMZN)
Evercore Wealth Management LLC raised its position in shares of Amazon.com Inc. (NASDAQ:AMZN) by 1,172.0% during the second quarter, according to its most recent filing with the SEC. The firm owned 34,599 shares of the e-commerce giant’s stock after buying an additional 31,879 shares during the period. Evercore Wealth Management LLC’s holdings in Amazon.com were worth $24,760,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Vanguard Group Inc. boosted its position in Amazon.com by 4.8% in the second quarter. Vanguard Group Inc. now owns 23,795,875 shares of the e-commerce giant’s stock worth $17,028,804,000 after buying an additional 1,082,051 shares in the last quarter. Emerald Acquisition Ltd. purchased a new position in shares of Amazon.com during the second quarter valued at about $479,380,000. Societe Generale purchased a new position in shares of Amazon.com during the second quarter valued at about $391,842,000. Bank of Montreal Can purchased a new position in shares of Amazon.com during the second quarter valued at about $341,933,000. Finally, Point72 Asset Management L.P. boosted its position in shares of Amazon.com by 224.2% in the second quarter. Point72 Asset Management L.P. now owns 666,620 shares of the e-commerce giant’s stock valued at $477,047,000 after buying an additional 461,020 shares during the period. 65.62% of the stock is currently owned by hedge funds and other institutional investors.
Shares of Amazon.com Inc. (NASDAQ:AMZN) traded up 0.50% during trading on Friday, reaching $760.16. The company’s stock had a trading volume of 4,373,408 shares. The stock’s 50 day moving average price is $800.42 and its 200-day moving average price is $756.36. Amazon.com Inc. has a 52-week low of $474.00 and a 52-week high of $847.21. The stock has a market cap of $361.20 billion, a price-to-earnings ratio of 174.15 and a beta of 1.51.
Amazon.com (NASDAQ:AMZN) last released its quarterly earnings results on Thursday, October 27th. The e-commerce giant reported $0.52 earnings per share for the quarter, missing the consensus estimate of $0.80 by $0.28. Amazon.com had a net margin of 1.64% and a return on equity of 13.47%. The business earned $32.71 billion during the quarter, compared to analysts’ expectations of $32.69 billion. During the same period in the previous year, the business earned $0.17 EPS. The business’s revenue was up 29.0% on a year-over-year basis. Equities analysts anticipate that Amazon.com Inc. will post $4.75 EPS for the current year.
AMZN has been the topic of several recent research reports. Goldman Sachs Group Inc. reaffirmed a “buy” rating and set a $920.00 target price on shares of Amazon.com in a research report on Thursday, September 8th. Mizuho increased their target price on Amazon.com from $855.00 to $950.00 and gave the company a “buy” rating in a research report on Friday, September 23rd. Evercore ISI reiterated a “buy” rating and set a $1,015.00 price objective (up previously from $930.00) on shares of Amazon.com in a report on Friday, September 16th. Vetr upgraded Amazon.com from a “hold” rating to a “buy” rating and set a $880.16 price objective for the company in a report on Thursday, October 6th. Finally, Atlantic Securities set a $980.00 price objective on Amazon.com and gave the company a “buy” rating in a report on Friday, October 28th. Six analysts have rated the stock with a hold rating, forty-three have assigned a buy rating and one has assigned a strong buy rating to the company. The company presently has a consensus rating of “Buy” and an average target price of $912.64.
In related news, CEO Andrew R. Jassy sold 14,000 shares of the firm’s stock in a transaction dated Thursday, September 22nd. The stock was sold at an average price of $800.00, for a total transaction of $11,200,000.00. Following the transaction, the chief executive officer now directly owns 68,141 shares of the company’s stock, valued at approximately $54,512,800. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Corporate insiders own 17.70% of the company’s stock.
Amazon.com, Inc offers a range of products and services through its Websites. The Company’s products include merchandise and content that it purchases for resale from vendors and those offered by third-party sellers. The Company has three segments: North America, International and Amazon Web Services (AWS).
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