Landaas & Co. WI ADV Increases Stock Holdings in Amazon.com, Inc. (NASDAQ:AMZN)

Landaas & Co. WI ADV increased its holdings in Amazon.com, Inc. (NASDAQ:AMZN) by 1.4% in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 7,654 shares of the e-commerce giant’s stock after acquiring an additional 106 shares during the quarter. Amazon.com comprises approximately 0.4% of Landaas & Co. WI ADV’s portfolio, making the stock its 15th biggest position. Landaas & Co. WI ADV’s holdings in Amazon.com were worth $1,456,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in AMZN. Prudent Man Investment Management Inc. bought a new position in Amazon.com in the fourth quarter worth $27,000. LSV Asset Management bought a new position in shares of Amazon.com during the fourth quarter valued at $35,000. Perritt Capital Management Inc increased its holdings in shares of Amazon.com by 72.7% during the fourth quarter. Perritt Capital Management Inc now owns 190 shares of the e-commerce giant’s stock valued at $42,000 after acquiring an additional 80 shares in the last quarter. Cooksen Wealth LLC bought a new position in shares of Amazon.com during the first quarter valued at $36,000. Finally, Inlight Wealth Management LLC bought a new position in shares of Amazon.com during the first quarter valued at $40,000. Hedge funds and other institutional investors own 72.20% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages have recently weighed in on AMZN. UBS Group restated a “buy” rating and set a $271.00 price target (up from $249.00) on shares of Amazon.com in a report on Monday, July 28th. Pivotal Research raised their price target on Amazon.com from $260.00 to $285.00 and gave the company a “buy” rating in a report on Friday, August 1st. Robert W. Baird raised their price target on Amazon.com from $220.00 to $244.00 and gave the company an “outperform” rating in a report on Monday, July 21st. Canaccord Genuity Group restated a “buy” rating and set a $280.00 price target on shares of Amazon.com in a report on Friday, August 1st. Finally, Citizens Jmp began coverage on Amazon.com in a report on Thursday, July 10th. They set a “strong-buy” rating for the company. One analyst has rated the stock with a hold rating, forty-seven have given a buy rating and two have assigned a strong buy rating to the stock. According to MarketBeat, Amazon.com currently has an average rating of “Buy” and a consensus target price of $262.45.

Amazon.com Stock Up 0.1%

Shares of AMZN opened at $221.47 on Wednesday. The company has a market capitalization of $2.36 trillion, a price-to-earnings ratio of 33.76, a PEG ratio of 1.49 and a beta of 1.31. The stock’s 50-day moving average price is $220.25 and its 200-day moving average price is $208.61. Amazon.com, Inc. has a 52 week low of $161.38 and a 52 week high of $242.52. The company has a quick ratio of 0.81, a current ratio of 1.02 and a debt-to-equity ratio of 0.15.

Amazon.com (NASDAQ:AMZN) last posted its earnings results on Thursday, July 31st. The e-commerce giant reported $1.68 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.31 by $0.37. The company had revenue of $167.70 billion during the quarter, compared to analysts’ expectations of $161.80 billion. Amazon.com had a return on equity of 23.84% and a net margin of 10.54%. The firm’s quarterly revenue was up 13.3% compared to the same quarter last year. During the same quarter last year, the firm earned $1.26 earnings per share. On average, sell-side analysts predict that Amazon.com, Inc. will post 6.31 EPS for the current year.

Insider Transactions at Amazon.com

In other Amazon.com news, CEO Douglas J. Herrington sold 2,500 shares of the company’s stock in a transaction that occurred on Friday, August 1st. The stock was sold at an average price of $217.00, for a total transaction of $542,500.00. Following the completion of the sale, the chief executive officer directly owned 512,050 shares of the company’s stock, valued at $111,114,850. This represents a 0.49% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Jeffrey P. Bezos sold 2,643,142 shares of the company’s stock in a transaction that occurred on Thursday, July 24th. The shares were sold at an average price of $230.43, for a total value of $609,059,211.06. Following the sale, the insider directly owned 883,779,901 shares of the company’s stock, valued at approximately $203,649,402,587.43. This represents a 0.30% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 25,101,037 shares of company stock valued at $5,674,726,368 over the last ninety days. 10.80% of the stock is owned by company insiders.

About Amazon.com

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.