Landmark Financial Advisors LLC Acquires 6,342 Shares of Amazon.com, Inc. (NASDAQ:AMZN)

Landmark Financial Advisors LLC boosted its holdings in shares of Amazon.com, Inc. (NASDAQ:AMZNGet Rating) by 2,357.6% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 6,611 shares of the e-commerce giant’s stock after buying an additional 6,342 shares during the quarter. Landmark Financial Advisors LLC’s holdings in Amazon.com were worth $702,000 at the end of the most recent quarter.

Other large investors also recently added to or reduced their stakes in the company. Sage Financial Management Group Inc. raised its holdings in shares of Amazon.com by 6.5% in the 1st quarter. Sage Financial Management Group Inc. now owns 66 shares of the e-commerce giant’s stock worth $215,000 after purchasing an additional 4 shares during the period. BlackDiamond Wealth Management Inc. raised its holdings in shares of Amazon.com by 1.9% in the 1st quarter. BlackDiamond Wealth Management Inc. now owns 217 shares of the e-commerce giant’s stock worth $707,000 after purchasing an additional 4 shares during the period. BCGM Wealth Management LLC raised its holdings in shares of Amazon.com by 3.0% in the 1st quarter. BCGM Wealth Management LLC now owns 172 shares of the e-commerce giant’s stock worth $428,000 after purchasing an additional 5 shares during the period. Aspire Wealth Management Corp raised its holdings in shares of Amazon.com by 2.4% in the 1st quarter. Aspire Wealth Management Corp now owns 216 shares of the e-commerce giant’s stock worth $704,000 after purchasing an additional 5 shares during the period. Finally, Lakeside Advisors INC. raised its holdings in shares of Amazon.com by 7.5% in the 1st quarter. Lakeside Advisors INC. now owns 72 shares of the e-commerce giant’s stock worth $235,000 after purchasing an additional 5 shares during the period. 57.15% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Amazon.com

In other Amazon.com news, CEO Adam Selipsky sold 520 shares of Amazon.com stock in a transaction on Wednesday, September 14th. The stock was sold at an average price of $127.43, for a total transaction of $66,263.60. Following the sale, the chief executive officer now owns 115,680 shares of the company’s stock, valued at approximately $14,741,102.40. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other Amazon.com news, CEO Adam Selipsky sold 520 shares of Amazon.com stock in a transaction on Wednesday, September 14th. The stock was sold at an average price of $127.43, for a total transaction of $66,263.60. Following the sale, the chief executive officer now owns 115,680 shares of the company’s stock, valued at approximately $14,741,102.40. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Douglas J. Herrington sold 15,787 shares of Amazon.com stock in a transaction on Tuesday, November 15th. The shares were sold at an average price of $103.10, for a total value of $1,627,639.70. Following the sale, the chief executive officer now directly owns 522,251 shares in the company, valued at approximately $53,844,078.10. The disclosure for this sale can be found here. Insiders have sold 269,412 shares of company stock valued at $7,914,139 in the last quarter. Corporate insiders own 12.70% of the company’s stock.

Analyst Ratings Changes

A number of research firms have recently commented on AMZN. Wells Fargo & Company cut their price objective on Amazon.com from $200.00 to $155.00 and set an “overweight” rating on the stock in a report on Friday, October 28th. Telsey Advisory Group cut their price objective on Amazon.com from $150.00 to $140.00 and set an “outperform” rating on the stock in a report on Friday, October 28th. Monness Crespi & Hardt lowered their target price on Amazon.com from $172.00 to $136.00 and set a “buy” rating for the company in a research note on Friday, October 28th. Morgan Stanley lowered their target price on Amazon.com from $175.00 to $140.00 and set an “overweight” rating for the company in a research note on Friday, October 28th. Finally, MKM Partners lowered their target price on Amazon.com to $145.00 in a research note on Tuesday, November 1st. Two research analysts have rated the stock with a sell rating, three have assigned a hold rating and forty-two have issued a buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $150.89.

Amazon.com Trading Down 0.7 %

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

Amazon.com (NASDAQ:AMZNGet Rating) last announced its quarterly earnings results on Thursday, October 27th. The e-commerce giant reported $0.28 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.22 by $0.06. The business had revenue of $127.10 billion for the quarter, compared to the consensus estimate of $127.47 billion. Amazon.com had a return on equity of 14.44% and a net margin of 2.25%. The business’s revenue was up 14.7% on a year-over-year basis. During the same quarter last year, the business posted $0.31 EPS. Equities research analysts expect that Amazon.com, Inc. will post 0.74 EPS for the current year.

Amazon.com 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

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

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