Amazon.com, Inc. (NASDAQ:AMZN) Shares Acquired by Landmark Financial Advisors LLC

Landmark Financial Advisors LLC increased its stake in Amazon.com, Inc. (NASDAQ:AMZN) by 2,357.6% during the second quarter, HoldingsChannel.com reports. The fund owned 6,611 shares of the e-commerce giant’s stock after buying an additional 6,342 shares during the period. Landmark Financial Advisors LLC’s holdings in Amazon.com were worth $702,000 at the end of the most recent reporting period.

Other hedge funds have also modified their holdings of the company. Elkhorn Partners Limited Partnership grew its holdings in shares of Amazon.com by 800.0% in the 1st quarter. Elkhorn Partners Limited Partnership now owns 18 shares of the e-commerce giant’s stock worth $59,000 after acquiring an additional 16 shares during the last quarter. Dravo Bay LLC purchased a new position in shares of Amazon.com during the first quarter valued at $72,000. Cordant Inc. purchased a new position in shares of Amazon.com during the first quarter valued at $150,000. Moisand Fitzgerald Tamayo LLC grew its holdings in shares of Amazon.com by 36.1% during the first quarter. Moisand Fitzgerald Tamayo LLC now owns 49 shares of the e-commerce giant’s stock valued at $160,000 after buying an additional 13 shares in the last quarter. Finally, Evolution Advisers Inc. grew its holdings in shares of Amazon.com by 900.0% during the first quarter. Evolution Advisers Inc. now owns 50 shares of the e-commerce giant’s stock valued at $162,000 after buying an additional 45 shares in the last quarter. 57.15% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Amazon.com

In related news, CEO Adam Selipsky sold 520 shares of the business’s stock in a transaction dated Wednesday, September 14th. The stock was sold at an average price of $127.43, for a total transaction of $66,263.60. Following the transaction, the chief executive officer now directly owns 115,680 shares in the company, valued at $14,741,102.40. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. In other news, CEO Adam Selipsky sold 520 shares of the company’s stock in a transaction that occurred on Wednesday, September 14th. The stock was sold at an average price of $127.43, for a total value of $66,263.60. Following the sale, the chief executive officer now directly owns 115,680 shares in the company, valued at approximately $14,741,102.40. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, major shareholder Amazon Com Inc sold 250,000 shares of the company’s stock in a transaction that occurred on Friday, October 7th. The shares were sold at an average price of $23.61, for a total value of $5,902,500.00. Following the completion of the sale, the insider now owns 14,178,445 shares in the company, valued at $334,753,086.45. The disclosure for this sale can be found here. Insiders have sold 269,412 shares of company stock worth $7,914,139 over the last three months. Company insiders own 12.70% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts have recently weighed in on the company. Morgan Stanley lowered their price target on Amazon.com from $175.00 to $140.00 and set an “overweight” rating on the stock in a report on Friday, October 28th. Telsey Advisory Group lowered their price target on Amazon.com from $150.00 to $140.00 and set an “outperform” rating on the stock in a report on Friday, October 28th. Citigroup lowered their price target on Amazon.com from $185.00 to $145.00 and set a “buy” rating on the stock in a report on Friday, October 28th. UBS Group lifted their price target on Amazon.com from $167.00 to $180.00 and gave the company a “buy” rating in a report on Friday, July 29th. Finally, Wolfe Research lowered their price target on Amazon.com from $150.00 to $130.00 and set an “outperform” rating on the stock in a report on Friday, October 28th. Two research analysts have rated the stock with a sell rating, three have assigned a hold rating and forty-two have assigned a buy rating to the company. According to MarketBeat.com, Amazon.com presently has a consensus rating of “Moderate Buy” and an average price target of $150.89.

Amazon.com Trading Down 0.7 %

Shares of AMZN opened at $94.14 on Monday. Amazon.com, Inc. has a 12-month low of $85.87 and a 12-month high of $188.11. The company has a quick ratio of 0.68, a current ratio of 0.94 and a debt-to-equity ratio of 0.43. The firm has a market capitalization of $960.38 billion, a price-to-earnings ratio of 86.41, a P/E/G ratio of 7.48 and a beta of 1.23. The stock’s 50-day moving average price is $110.68 and its 200 day moving average price is $117.08.

Amazon.com (NASDAQ:AMZNGet Rating) last issued its quarterly earnings results on Thursday, October 27th. The e-commerce giant reported $0.28 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.22 by $0.06. Amazon.com had a return on equity of 14.44% and a net margin of 2.25%. The firm had revenue of $127.10 billion for the quarter, compared to analyst estimates of $127.47 billion. During the same period in the previous year, the company posted $0.31 earnings per share. The company’s quarterly revenue was up 14.7% compared to the same quarter last year. As a group, research analysts predict that Amazon.com, Inc. will post 0.74 earnings per share for the current year.

Amazon.com Company Profile

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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.

Further Reading

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

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