Landsberg Bennett & Dubbaneh LLC decreased its position in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 2.5% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 2,143 shares of the e-commerce giant’s stock after selling 54 shares during the period. Amazon.com comprises 1.0% of Landsberg Bennett & Dubbaneh LLC’s holdings, making the stock its 27th largest holding. Landsberg Bennett & Dubbaneh LLC’s holdings in Amazon.com were worth $3,698,000 at the end of the most recent reporting period.
Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Lincoln Capital LLC raised its stake in Amazon.com by 34.4% during the fourth quarter. Lincoln Capital LLC now owns 4,445 shares of the e-commerce giant’s stock valued at $6,676,000 after buying an additional 1,138 shares in the last quarter. Segall Bryant & Hamill LLC raised its stake in Amazon.com by 1.2% during the fourth quarter. Segall Bryant & Hamill LLC now owns 75,715 shares of the e-commerce giant’s stock valued at $113,722,000 after buying an additional 913 shares in the last quarter. IHT Wealth Management LLC raised its stake in Amazon.com by 18.5% during the fourth quarter. IHT Wealth Management LLC now owns 4,957 shares of the e-commerce giant’s stock valued at $7,445,000 after buying an additional 773 shares in the last quarter. Pathlight Investors LLC acquired a new stake in Amazon.com during the fourth quarter valued at approximately $767,000. Finally, EP Wealth Advisors LLC raised its stake in Amazon.com by 25.0% during the fourth quarter. EP Wealth Advisors LLC now owns 11,897 shares of the e-commerce giant’s stock valued at $17,870,000 after buying an additional 2,379 shares in the last quarter. Institutional investors and hedge funds own 55.71% of the company’s stock.
In related news, CEO Jeffrey A. Wilke sold 2,500 shares of the firm’s stock in a transaction that occurred on Monday, August 26th. The stock was sold at an average price of $1,759.03, for a total value of $4,397,575.00. Following the sale, the chief executive officer now directly owns 10,000 shares in the company, valued at approximately $17,590,300. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Director Indra K. Nooyi bought 100 shares of the stock in a transaction that occurred on Friday, October 4th. The stock was acquired at an average price of $1,726.06 per share, for a total transaction of $172,606.00. Following the completion of the transaction, the director now owns 250 shares in the company, valued at $431,515. The disclosure for this purchase can be found here. Over the last 90 days, insiders sold 22,443 shares of company stock worth $40,205,835. 16.10% of the stock is owned by insiders.
Amazon.com (NASDAQ:AMZN) last posted its earnings results on Thursday, July 25th. The e-commerce giant reported $5.22 EPS for the quarter, missing the consensus estimate of $5.29 by ($0.07). Amazon.com had a net margin of 4.80% and a return on equity of 26.27%. The business had revenue of $63.40 billion during the quarter, compared to analyst estimates of $62.59 billion. During the same quarter in the prior year, the business earned $5.07 earnings per share. The firm’s revenue was up 19.9% compared to the same quarter last year. Equities analysts anticipate that Amazon.com, Inc. will post 24.01 EPS for the current year.
Several analysts have issued reports on the company. Wells Fargo & Co upped their price objective on Amazon.com from $2,200.00 to $2,300.00 and gave the company an “outperform” rating in a research note on Friday, September 27th. Barclays upgraded Amazon.com from an “outperform” rating to a “buy” rating in a research note on Monday, July 29th. Monness Crespi & Hardt set a $2,300.00 price objective on Amazon.com and gave the company a “buy” rating in a research note on Friday, July 19th. ValuEngine cut Amazon.com from a “buy” rating to a “hold” rating in a research note on Friday. Finally, MKM Partners restated a “buy” rating and set a $2,350.00 price objective (up previously from $2,240.00) on shares of Amazon.com in a research note on Friday, August 2nd. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and thirty-nine have given a buy rating to the stock. Amazon.com currently has an average rating of “Buy” and a consensus target price of $2,255.67.
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) segments. It sells merchandise and content purchased for resale from third-party sellers through physical stores and online stores.
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