Landscape Capital Management L.L.C. Invests Heavily in Amazon.com, Inc.
Landscape Capital Management L.L.C., an institutional investor, has purchased a new position in shares of Amazon.com, Inc. (NASDAQ:AMZN) in the second quarter. The company bought 11,747 shares of Amazon's stock, valued at approximately $2,800,000.
This is not the only significant investment in Amazon by Landscape Capital Management L.L.C. This year, several large investors have also increased their positions in the e-commerce giant. For example, Auto Owners Insurance Co increased its position in Amazon.com by 27,376.7% in the fourth quarter and now owns 98,448,885 shares worth $2,272,397,000.
Amazon's stock performance has been strong, with a market cap of $2.74 trillion and a price-to-earnings ratio of 20.41. The company reported $5.75 EPS for the quarter, topping analysts' consensus estimates of $1.82 by $3.93. As a group, analysts predict that Amazon.com, Inc. will post $8.01 earnings per share for the current fiscal year.