Landaas & Co. WI ADV grew its stake in shares of Amazon.com, Inc. (NASDAQ:AMZN – Free Report) by 4.3% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 7,240 shares of the e-commerce giant’s stock after purchasing an additional 300 shares during the period. Amazon.com makes up 0.4% of Landaas & Co. WI ADV’s investment portfolio, making the stock its 22nd largest holding. Landaas & Co. WI ADV’s holdings in Amazon.com were worth $748,000 as of its most recent filing with the Securities and Exchange Commission.
Other hedge funds and other institutional investors also recently modified their holdings of the company. St. James Investment Advisors LLC boosted its stake in Amazon.com by 97.7% during the fourth quarter. St. James Investment Advisors LLC now owns 344 shares of the e-commerce giant’s stock worth $29,000 after acquiring an additional 170 shares in the last quarter. Laurel Wealth Planning LLC lifted its holdings in shares of Amazon.com by 1,900.0% during the second quarter. Laurel Wealth Planning LLC now owns 320 shares of the e-commerce giant’s stock valued at $34,000 after purchasing an additional 304 shares during the last quarter. Sanctuary Wealth Management L.L.C. bought a new stake in shares of Amazon.com in the 4th quarter worth approximately $37,000. Swaine & Leidel Wealth Services LLC purchased a new stake in shares of Amazon.com in the 1st quarter worth approximately $38,000. Finally, Ruedi Wealth Management Inc. bought a new position in Amazon.com during the 4th quarter valued at approximately $40,000. Hedge funds and other institutional investors own 57.96% of the company’s stock.
Wall Street Analyst Weigh In
A number of research firms have recently commented on AMZN. Wedbush assumed coverage on Amazon.com in a research note on Tuesday, August 22nd. They issued an “outperform” rating and a $180.00 target price on the stock. JMP Securities raised their price objective on shares of Amazon.com from $140.00 to $175.00 and gave the company an “outperform” rating in a research note on Friday, August 4th. Bank of America lifted their target price on shares of Amazon.com from $154.00 to $174.00 and gave the stock a “buy” rating in a report on Friday, August 4th. Tigress Financial increased their price target on shares of Amazon.com from $192.00 to $204.00 in a report on Thursday, July 13th. Finally, BNP Paribas upgraded shares of Amazon.com from an “underperform” rating to a “neutral” rating and set a $140.00 price objective for the company in a report on Friday, August 4th. Two equities research analysts have rated the stock with a hold rating and forty-eight have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $160.87.
Insider Activity at Amazon.com
In related news, CEO Douglas J. Herrington sold 50,000 shares of the company’s stock in a transaction on Friday, August 4th. The shares were sold at an average price of $141.00, for a total transaction of $7,050,000.00. Following the sale, the chief executive officer now owns 510,301 shares of the company’s stock, valued at $71,952,441. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. In related news, major shareholder Amazon Com Inc sold 1,177,000 shares of the firm’s stock in a transaction on Wednesday, August 9th. The stock was sold at an average price of $19.50, for a total value of $22,951,500.00. Following the completion of the sale, the insider now directly owns 12,741,445 shares in the company, valued at $248,458,177.50. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, CEO Douglas J. Herrington sold 50,000 shares of the business’s stock in a transaction on Friday, August 4th. The shares were sold at an average price of $141.00, for a total transaction of $7,050,000.00. Following the transaction, the chief executive officer now owns 510,301 shares in the company, valued at approximately $71,952,441. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 1,361,829 shares of company stock valued at $48,444,937. 12.70% of the stock is owned by corporate insiders.
Amazon.com Stock Down 0.6 %
AMZN opened at $137.27 on Wednesday. The company has a market capitalization of $1.42 trillion, a PE ratio of 108.09, a price-to-earnings-growth ratio of 1.83 and a beta of 1.24. The firm has a 50-day simple moving average of $133.28 and a two-hundred day simple moving average of $116.83. The company has a quick ratio of 0.70, a current ratio of 0.95 and a debt-to-equity ratio of 0.37. Amazon.com, Inc. has a 52 week low of $81.43 and a 52 week high of $143.63.
Amazon.com (NASDAQ:AMZN – Get Free Report) last announced its quarterly earnings results on Thursday, August 3rd. The e-commerce giant reported $0.63 EPS for the quarter, beating analysts’ consensus estimates of $0.34 by $0.29. Amazon.com had a return on equity of 9.14% and a net margin of 2.43%. The company had revenue of $134.38 billion during the quarter, compared to analyst estimates of $131.54 billion. Analysts forecast that Amazon.com, Inc. will post 2.23 earnings per share for the current fiscal year.
About Amazon.com
Amazon.com, Inc engages in the retail sale of consumer products and subscriptions through online and physical stores in North America and internationally. It operates through three segments: North America, International, and Amazon Web Services (AWS). The company's products offered through its stores include merchandise and content purchased for resale; and products offered by third-party sellers.
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