Landmark Wealth Management LLC Sells 78 Shares of Amazon.com, Inc. (NASDAQ:AMZN)

Landmark Wealth Management LLC cut its holdings in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 2.7% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,770 shares of the e-commerce giant’s stock after selling 78 shares during the quarter. Landmark Wealth Management LLC’s holdings in Amazon.com were worth $527,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Pinkerton Retirement Specialists LLC lifted its position in Amazon.com by 9.7% during the 1st quarter. Pinkerton Retirement Specialists LLC now owns 18,240 shares of the e-commerce giant’s stock worth $3,470,000 after buying an additional 1,606 shares in the last quarter. West Family Investments Inc. lifted its position in Amazon.com by 0.6% during the 1st quarter. West Family Investments Inc. now owns 28,939 shares of the e-commerce giant’s stock worth $5,506,000 after buying an additional 183 shares in the last quarter. Whittier Trust Co. of Nevada Inc. lifted its position in Amazon.com by 2.9% during the 1st quarter. Whittier Trust Co. of Nevada Inc. now owns 598,372 shares of the e-commerce giant’s stock worth $113,846,000 after buying an additional 16,685 shares in the last quarter. Whittier Trust Co. lifted its position in Amazon.com by 0.8% during the 1st quarter. Whittier Trust Co. now owns 1,116,090 shares of the e-commerce giant’s stock worth $212,347,000 after buying an additional 8,577 shares in the last quarter. Finally, Future You Wealth LLC lifted its position in Amazon.com by 24.0% during the 1st quarter. Future You Wealth LLC now owns 4,789 shares of the e-commerce giant’s stock worth $911,000 after buying an additional 928 shares in the last quarter. 72.20% of the stock is owned by institutional investors.

Amazon.com Price Performance

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 company has a quick ratio of 0.81, a current ratio of 1.02 and a debt-to-equity ratio of 0.15. The firm has a 50-day moving average price of $220.25 and a 200-day moving average price of $208.61. Amazon.com, Inc. has a twelve month low of $161.38 and a twelve month high of $242.52.

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

Insider Activity at Amazon.com

In other news, insider Jeffrey P. Bezos sold 4,273,237 shares of the firm’s stock in a transaction that occurred on Friday, July 11th. The shares were sold at an average price of $224.81, for a total value of $960,666,409.97. Following the completion of the transaction, the insider directly owned 897,722,088 shares in the company, valued at approximately $201,816,902,603.28. This trade represents a 0.47% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders have sold 25,101,037 shares of company stock valued at $5,674,726,368 in the last three months. 10.80% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

A number of research analysts have recently commented on AMZN shares. Evercore ISI decreased their price objective on shares of Amazon.com from $270.00 to $260.00 and set an “outperform” rating for the company in a research report on Friday, May 2nd. Cowen reissued a “buy” rating on shares of Amazon.com in a research report on Friday, August 1st. Wall Street Zen raised shares of Amazon.com from a “hold” rating to a “buy” rating in a research report on Saturday, August 2nd. Scotiabank lifted their price objective on shares of Amazon.com from $250.00 to $275.00 and gave the company a “sector outperform” rating in a research report on Tuesday, July 22nd. Finally, UBS Group reissued a “buy” rating and issued a $271.00 price objective (up previously from $249.00) on shares of Amazon.com in a research report on Monday, July 28th. 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 company. According to MarketBeat, the stock has a consensus rating of “Buy” and an average price target of $262.45.

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.