Landscape Capital Management L.L.C. Increases Stock Holdings in Amazon.com, Inc. (NASDAQ:AMZN)

Landscape Capital Management L.L.C. raised its stake in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 15.4% during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 17,355 shares of the e-commerce giant’s stock after purchasing an additional 2,317 shares during the quarter. Landscape Capital Management L.L.C.’s holdings in Amazon.com were worth $3,234,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in AMZN. ERn Financial LLC grew its stake in Amazon.com by 2.2% in the second quarter. ERn Financial LLC now owns 18,888 shares of the e-commerce giant’s stock worth $3,650,000 after purchasing an additional 413 shares during the period. TriaGen Wealth Management LLC boosted its holdings in shares of Amazon.com by 10.7% during the 2nd quarter. TriaGen Wealth Management LLC now owns 14,938 shares of the e-commerce giant’s stock valued at $2,887,000 after buying an additional 1,446 shares in the last quarter. Evolution Wealth Advisors LLC grew its position in shares of Amazon.com by 5.8% in the 2nd quarter. Evolution Wealth Advisors LLC now owns 100,400 shares of the e-commerce giant’s stock worth $19,438,000 after buying an additional 5,476 shares during the period. Old Port Advisors increased its stake in shares of Amazon.com by 5.0% in the 2nd quarter. Old Port Advisors now owns 7,855 shares of the e-commerce giant’s stock worth $1,518,000 after acquiring an additional 371 shares in the last quarter. Finally, Blue Trust Inc. lifted its position in Amazon.com by 31.4% during the 2nd quarter. Blue Trust Inc. now owns 49,889 shares of the e-commerce giant’s stock valued at $8,999,000 after acquiring an additional 11,929 shares during the period. 72.20% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of equities research analysts have weighed in on AMZN shares. Deutsche Bank Aktiengesellschaft upped their price objective on shares of Amazon.com from $225.00 to $232.00 and gave the stock a “buy” rating in a report on Friday, November 1st. Redburn Atlantic upped their price target on Amazon.com from $225.00 to $235.00 and gave the stock a “buy” rating in a research note on Tuesday, November 26th. Sanford C. Bernstein raised their price objective on Amazon.com from $235.00 to $265.00 and gave the company an “outperform” rating in a research report on Wednesday, December 18th. Evercore ISI boosted their target price on Amazon.com from $240.00 to $260.00 and gave the stock an “outperform” rating in a report on Friday, November 1st. Finally, Roth Mkm raised their price target on Amazon.com from $220.00 to $250.00 and gave the company a “buy” rating in a report on Monday, December 9th. Two analysts have rated the stock with a hold rating, forty-one have issued a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, Amazon.com has an average rating of “Moderate Buy” and a consensus price target of $243.00.

Insider Transactions at Amazon.com

In other Amazon.com news, insider Jeffrey P. Bezos sold 2,996,362 shares of the company’s stock in a transaction that occurred on Friday, November 8th. The stock was sold at an average price of $208.85, for a total value of $625,790,203.70. Following the completion of the transaction, the insider now directly owns 917,416,976 shares in the company, valued at $191,602,535,437.60. This represents a 0.33 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CEO Matthew S. Garman sold 15,260 shares of the stock in a transaction that occurred on Thursday, November 21st. The shares were sold at an average price of $200.19, for a total transaction of $3,054,899.40. Following the sale, the chief executive officer now directly owns 349,261 shares of the company’s stock, valued at approximately $69,918,559.59. This trade represents a 4.19 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 6,032,344 shares of company stock valued at $1,253,456,822 over the last 90 days. Company insiders own 10.80% of the company’s stock.

Amazon.com Price Performance

Shares of NASDAQ:AMZN opened at $219.39 on Thursday. The company has a market capitalization of $2.31 trillion, a P/E ratio of 46.98, a P/E/G ratio of 1.54 and a beta of 1.16. Amazon.com, Inc. has a 1-year low of $144.05 and a 1-year high of $233.00. The firm’s 50 day simple moving average is $211.67 and its two-hundred day simple moving average is $193.59. The company has a debt-to-equity ratio of 0.21, a current ratio of 1.09 and a quick ratio of 0.87.

Amazon.com (NASDAQ:AMZN) last released its earnings results on Thursday, October 31st. The e-commerce giant reported $1.43 earnings per share for the quarter, beating analysts’ consensus estimates of $1.14 by $0.29. Amazon.com had a net margin of 8.04% and a return on equity of 22.41%. The company had revenue of $158.88 billion for the quarter, compared to analysts’ expectations of $157.28 billion. During the same quarter in the previous year, the company earned $0.85 EPS. Amazon.com’s revenue for the quarter was up 11.0% on a year-over-year basis. Research analysts expect that Amazon.com, Inc. will post 5.29 EPS for the current fiscal year.

Amazon.com Profile

Amazon.com, Inc engages in the retail sale of consumer products, advertising, and subscriptions service through online and physical stores in North America and internationally. The company operates through three segments: North America, International, and Amazon Web Services (AWS). It also manufactures and sells electronic devices, including Kindle, Fire tablets, Fire TVs, Echo, Ring, Blink, and eero; and develops and produces media content.