Amazon.com, Inc. (NASDAQ:AMZN) Shares Sold by KG&L Capital Management LLC

KG&L Capital Management LLC reduced its holdings in Amazon.com, Inc. (NASDAQ:AMZN - Free Report) by 3.0% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 56,468 shares of the e-commerce giant's stock after selling 1,732 shares during the period. Amazon.com makes up 3.5% of KG&L Capital Management LLC's holdings, making the stock its 6th biggest position. KG&L Capital Management LLC's holdings in Amazon.com were worth $10,743,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently bought and sold shares of AMZN. Vanguard Group Inc. boosted its stake in shares of Amazon.com by 2.2% in the fourth quarter. Vanguard Group Inc. now owns 823,360,597 shares of the e-commerce giant's stock valued at $180,637,081,000 after purchasing an additional 17,635,391 shares during the period. FMR LLC lifted its stake in Amazon.com by 0.5% in the fourth quarter. FMR LLC now owns 328,464,225 shares of the e-commerce giant's stock worth $72,061,766,000 after acquiring an additional 1,725,664 shares during the last quarter. Geode Capital Management LLC lifted its stake in Amazon.com by 2.5% in the fourth quarter. Geode Capital Management LLC now owns 204,930,426 shares of the e-commerce giant's stock worth $44,837,256,000 after acquiring an additional 5,015,380 shares during the last quarter. Price T Rowe Associates Inc. MD lifted its stake in Amazon.com by 2.3% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 182,813,905 shares of the e-commerce giant's stock worth $40,107,544,000 after acquiring an additional 4,087,933 shares during the last quarter. Finally, Norges Bank purchased a new position in Amazon.com in the fourth quarter worth approximately $27,266,582,000. 72.20% of the stock is currently owned by institutional investors and hedge funds.

Amazon.com Stock Up 1.0%

Shares of NASDAQ:AMZN traded up $2.25 during trading on Friday, hitting $226.13. 37,691,170 shares of the company's stock traded hands, compared to its average volume of 41,988,670. Amazon.com, Inc. has a 52 week low of $151.61 and a 52 week high of $242.52. The company has a current ratio of 1.05, a quick ratio of 0.84 and a debt-to-equity ratio of 0.17. The company has a market cap of $2.40 trillion, a price-to-earnings ratio of 36.83, a price-to-earnings-growth ratio of 1.69 and a beta of 1.33. The company has a 50-day moving average price of $213.50 and a 200-day moving average price of $208.59.

Amazon.com (NASDAQ:AMZN - Get Free Report) last released its earnings results on Thursday, May 1st. The e-commerce giant reported $1.59 EPS for the quarter, beating the consensus estimate of $1.38 by $0.21. The firm had revenue of $155.67 billion for the quarter, compared to analysts' expectations of $154.96 billion. Amazon.com had a return on equity of 24.14% and a net margin of 10.14%. The business's quarterly revenue was up 8.6% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.98 EPS. As a group, research analysts forecast that Amazon.com, Inc. will post 6.31 EPS for the current fiscal year.

Insider Activity at Amazon.com

In other Amazon.com news, CEO Matthew S. Garman sold 20,923 shares of the company's stock in a transaction on Wednesday, May 21st. The stock was sold at an average price of $201.30, for a total value of $4,211,799.90. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Also, insider Jeffrey P. Bezos sold 4,273,237 shares of the company's stock in a transaction 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 represents a 0.47% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 14,335,232 shares of company stock worth $3,210,622,570 in the last ninety days. Insiders own 9.70% of the company's stock.

Analyst Upgrades and Downgrades

A number of brokerages have recently commented on AMZN. Wells Fargo & Company lifted their target price on shares of Amazon.com from $201.00 to $238.00 and gave the company an "equal weight" rating in a report on Tuesday, July 8th. Stifel Nicolaus lowered their price target on shares of Amazon.com from $248.00 to $245.00 and set a "buy" rating on the stock in a research note on Friday, May 2nd. Cantor Fitzgerald increased their price objective on shares of Amazon.com from $240.00 to $260.00 and gave the company an "overweight" rating in a research note on Wednesday. Oppenheimer increased their price objective on shares of Amazon.com from $215.00 to $250.00 and gave the company an "outperform" rating in a research note on Friday, June 20th. Finally, Needham & Company LLC restated a "buy" rating and issued a $220.00 target price on shares of Amazon.com in a report on Friday, May 2nd. Three analysts have rated the stock with a hold rating, forty-five have assigned a buy rating and two have issued a strong buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $250.35.

Amazon.com Profile

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.