Everence Capital Management Inc. bought a new stake in shares of Amazon.com, Inc. (NASDAQ:AMZN) during the first quarter, Holdings Channel reports. The institutional investor bought 8,700 shares of the e-commerce giant’s stock, valued at approximately $26,918,000. Amazon.com comprises 2.5% of Everence Capital Management Inc.’s holdings, making the stock its 7th biggest holding.

Other institutional investors also recently added to or reduced their stakes in the company. Advanced Research Investment Solutions LLC acquired a new position in shares of Amazon.com during the 4th quarter valued at $26,000. Resolute Partners Group bought a new stake in Amazon.com during the 4th quarter valued at $26,000. Baron Financial Group LLC bought a new stake in Amazon.com during the 3rd quarter valued at $31,000. Cowa LLC bought a new stake in Amazon.com during the 4th quarter valued at $32,000. Finally, Tacita Capital Inc bought a new stake in Amazon.com during the 4th quarter valued at $39,000. Institutional investors own 56.39% of the company’s stock.

NASDAQ AMZN traded up $35.80 during trading on Thursday, hitting $3,315.19. 93,004 shares of the company’s stock traded hands, compared to its average volume of 3,599,911. The stock has a market capitalization of $1.67 trillion, a price-to-earnings ratio of 96.03, a PEG ratio of 2.37 and a beta of 1.19. Amazon.com, Inc. has a 12-month low of $2,011.15 and a 12-month high of $3,552.25. The company has a debt-to-equity ratio of 0.40, a quick ratio of 0.88 and a current ratio of 1.11. The business has a 50 day moving average of $3,112.50 and a 200-day moving average of $3,173.79.

Amazon.com (NASDAQ:AMZN) last announced its quarterly earnings results on Monday, February 1st. The e-commerce giant reported $14.09 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $7.05 by $7.04. Amazon.com had a net margin of 4.99% and a return on equity of 24.49%. The firm had revenue of $125.56 billion for the quarter, compared to the consensus estimate of $119.73 billion. During the same period in the prior year, the firm posted $6.47 earnings per share. The company’s revenue for the quarter was up 43.6% on a year-over-year basis. On average, analysts expect that Amazon.com, Inc. will post 34.59 EPS for the current year.

AMZN has been the subject of a number of recent research reports. Deutsche Bank Aktiengesellschaft boosted their price target on shares of Amazon.com from $4,050.00 to $4,250.00 and gave the company a “buy” rating in a research note on Wednesday, February 3rd. Pivotal Research boosted their price target on shares of Amazon.com from $4,500.00 to $4,650.00 and gave the company a “buy” rating in a research note on Wednesday, February 3rd. Guggenheim boosted their price target on shares of Amazon.com from $3,600.00 to $4,000.00 and gave the company a “buy” rating in a research note on Wednesday, February 3rd. Oppenheimer boosted their price target on shares of Amazon.com from $3,700.00 to $4,100.00 and gave the company an “outperform” rating in a research note on Wednesday, February 3rd. Finally, Morgan Stanley reiterated an “overweight” rating on shares of Amazon.com in a research note on Wednesday, February 3rd. Two equities research analysts have rated the stock with a hold rating and forty-seven have issued a buy rating to the stock. The stock presently has an average rating of “Buy” and a consensus price target of $3,930.67.

In other news, Director Judith A. Mcgrath sold 340 shares of the stock in a transaction dated Thursday, February 4th. The shares were sold at an average price of $3,328.35, for a total value of $1,131,639.00. Following the sale, the director now directly owns 1,984 shares of the company’s stock, valued at $6,603,446.40. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, CEO David H. Clark sold 1,019 shares of the stock in a transaction dated Tuesday, February 16th. The stock was sold at an average price of $3,257.88, for a total transaction of $3,319,779.72. Following the completion of the sale, the chief executive officer now directly owns 1,452 shares in the company, valued at $4,730,441.76. The disclosure for this sale can be found here. Corporate insiders own 16.10% of the company’s stock.

About Amazon.com

Amazon.com, Inc engages in the retail sale of consumer products and subscriptions in North America and internationally. The company operates through three segments: North America, International, and Amazon Web Services (AWS). It sells merchandise and content purchased for resale from third-party sellers through physical and online stores.

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Institutional Ownership by Quarter for Amazon.com (NASDAQ:AMZN)

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