Landsberg Bennett & Dubbaneh LLC lessened its holdings in Amazon.com, Inc. (NASDAQ:AMZN) by 2.5% in the 3rd quarter, HoldingsChannel.com reports. The institutional investor owned 2,143 shares of the e-commerce giant’s stock after selling 54 shares during the quarter. Amazon.com comprises about 1.0% of Landsberg Bennett & Dubbaneh LLC’s investment portfolio, making the stock its 27th largest position. Landsberg Bennett & Dubbaneh LLC’s holdings in Amazon.com were worth $3,698,000 as of its most recent filing with the Securities & Exchange Commission.
Several other institutional investors have also modified their holdings of the company. Buckley Wealth Management LLC boosted its position in shares of Amazon.com by 0.4% in the third quarter. Buckley Wealth Management LLC now owns 4,638 shares of the e-commerce giant’s stock worth $8,051,000 after buying an additional 20 shares during the period. Successful Portfolios LLC boosted its position in shares of Amazon.com by 9.1% in the third quarter. Successful Portfolios LLC now owns 854 shares of the e-commerce giant’s stock worth $1,482,000 after buying an additional 71 shares during the period. KG&L Capital Management LLC raised its holdings in shares of Amazon.com by 38.7% during the third quarter. KG&L Capital Management LLC now owns 789 shares of the e-commerce giant’s stock worth $1,369,000 after acquiring an additional 220 shares in the last quarter. Verity & Verity LLC purchased a new stake in shares of Amazon.com during the third quarter worth $291,000. Finally, Foster Victor Wealth Advisors LLC raised its holdings in shares of Amazon.com by 47.6% during the third quarter. Foster Victor Wealth Advisors LLC now owns 1,897 shares of the e-commerce giant’s stock worth $3,287,000 after acquiring an additional 612 shares in the last quarter. 55.71% of the stock is owned by institutional investors and hedge funds.
AMZN has been the subject of several recent research reports. Royal Bank of Canada reiterated an “outperform” rating and set a $2,600.00 price objective (up from $2,250.00) on shares of Amazon.com in a report on Tuesday, September 3rd. ValuEngine lowered Amazon.com from a “buy” rating to a “hold” rating in a report on Friday. Piper Jaffray Companies set a $2,225.00 price objective on Amazon.com and gave the stock a “buy” rating in a report on Tuesday. Robert W. Baird set a $2,150.00 price objective on Amazon.com and gave the stock an “outperform” rating in a report on Friday, July 26th. Finally, Goldman Sachs Group reiterated a “buy” rating on shares of Amazon.com in a report on Tuesday, September 24th. One investment analyst has rated the stock with a sell rating, three have given a hold rating and thirty-nine have assigned a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and a consensus price target of $2,255.67.
In other news, CFO Brian T. Olsavsky sold 1,765 shares of the firm’s stock in a transaction dated Thursday, August 15th. The stock was sold at an average price of $1,783.00, for a total value of $3,146,995.00. Following the sale, the chief financial officer now directly owns 2,480 shares of the company’s stock, valued at $4,421,840. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, SVP David Zapolsky sold 880 shares of the firm’s stock in a transaction dated Thursday, August 15th. The shares were sold at an average price of $1,776.73, for a total value of $1,563,522.40. Following the completion of the sale, the senior vice president now directly owns 3,749 shares in the company, valued at $6,660,960.77. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 22,443 shares of company stock worth $40,205,835. 16.10% of the stock is currently owned by company insiders.
Shares of NASDAQ:AMZN opened at $1,731.92 on Friday. The company has a market cap of $856.71 billion, a P/E ratio of 85.99, a P/E/G ratio of 2.19 and a beta of 1.54. The stock’s 50-day moving average is $1,774.91 and its 200-day moving average is $1,847.16. Amazon.com, Inc. has a 52-week low of $1,307.00 and a 52-week high of $2,035.80. The company has a debt-to-equity ratio of 0.44, a quick ratio of 0.84 and a current ratio of 1.10.
Amazon.com (NASDAQ:AMZN) last issued its quarterly earnings results on Thursday, July 25th. The e-commerce giant reported $5.22 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $5.29 by ($0.07). The business had revenue of $63.40 billion during the quarter, compared to analyst estimates of $62.59 billion. Amazon.com had a net margin of 4.80% and a return on equity of 26.27%. The company’s revenue for the quarter was up 19.9% compared to the same quarter last year. During the same period in the prior year, the business posted $5.07 earnings per share. As a group, equities analysts predict that Amazon.com, Inc. will post 24.01 EPS for the current year.
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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