L.M. Kohn & Company Has $16.39 Million Holdings in Amazon.com, Inc. (NASDAQ:AMZN)

L.M. Kohn & Company cut its stake in shares of Amazon.com, Inc. (NASDAQ:AMZN - Free Report) by 3.2% in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 86,145 shares of the e-commerce giant's stock after selling 2,858 shares during the period. Amazon.com accounts for 4.3% of L.M. Kohn & Company's holdings, making the stock its 4th largest position. L.M. Kohn & Company's holdings in Amazon.com were worth $16,390,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also recently bought and sold shares of the stock. Norges Bank acquired a new stake in shares of Amazon.com in the fourth quarter valued at approximately $27,266,582,000. GAMMA Investing LLC raised its position in Amazon.com by 21,420.5% during the first quarter. GAMMA Investing LLC now owns 30,245,061 shares of the e-commerce giant's stock valued at $5,754,425,000 after purchasing an additional 30,104,520 shares in the last quarter. Capital World Investors raised its position in Amazon.com by 36.8% during the fourth quarter. Capital World Investors now owns 65,709,496 shares of the e-commerce giant's stock valued at $14,416,078,000 after purchasing an additional 17,681,004 shares in the last quarter. Vanguard Group Inc. raised its position in Amazon.com by 2.2% during 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 in the last quarter. Finally, Proficio Capital Partners LLC raised its position in Amazon.com by 17,054.5% during the fourth quarter. Proficio Capital Partners LLC now owns 12,088,589 shares of the e-commerce giant's stock valued at $2,652,116,000 after purchasing an additional 12,018,120 shares in the last quarter. 72.20% of the stock is currently owned by institutional investors and hedge funds.

Amazon.com Stock Up 1.4%

Shares of AMZN traded up $3.18 on Wednesday, reaching $222.54. The company's stock had a trading volume of 38,034,550 shares, compared to its average volume of 42,037,661. The company has a current ratio of 1.05, a quick ratio of 0.84 and a debt-to-equity ratio of 0.17. Amazon.com, Inc. has a twelve month low of $151.61 and a twelve month high of $242.52. The stock has a market capitalization of $2.36 trillion, a PE ratio of 36.24, a PEG ratio of 1.68 and a beta of 1.33. The firm has a fifty day moving average of $207.80 and a 200-day moving average of $208.58.

Amazon.com (NASDAQ:AMZN - Get Free Report) last posted its earnings results on Thursday, May 1st. The e-commerce giant reported $1.59 earnings per share for the quarter, topping analysts' consensus estimates of $1.38 by $0.21. Amazon.com had a net margin of 10.14% and a return on equity of 24.14%. The company had revenue of $155.67 billion for the quarter, compared to analyst estimates of $154.96 billion. During the same quarter in the prior year, the business posted $0.98 EPS. The firm's revenue was up 8.6% compared to the same quarter last year. Equities analysts predict that Amazon.com, Inc. will post 6.31 EPS for the current year.

Wall Street Analyst Weigh In

AMZN has been the subject of several research analyst reports. Scotiabank lowered their price objective on shares of Amazon.com from $306.00 to $250.00 and set a "sector outperform" rating for the company in a research report on Monday, April 21st. Citigroup restated a "buy" rating on shares of Amazon.com in a research report on Monday, June 2nd. Moffett Nathanson boosted their price objective on shares of Amazon.com from $250.00 to $253.00 and gave the company a "buy" rating in a research report on Tuesday, June 24th. Stifel Nicolaus lowered their price objective on shares of Amazon.com from $248.00 to $245.00 and set a "buy" rating for the company in a research report on Friday, May 2nd. Finally, JPMorgan Chase & Co. boosted their price objective on shares of Amazon.com from $225.00 to $240.00 and gave the company an "overweight" rating in a research report on Wednesday, June 4th. Three equities research analysts have rated the stock with a hold rating, forty-six have given a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $246.41.

Insider Transactions at Amazon.com

In other Amazon.com news, CEO Douglas J. Herrington sold 2,500 shares of the stock in a transaction dated Tuesday, July 1st. The shares were sold at an average price of $220.06, for a total value of $550,150.00. Following the completion of the sale, the chief executive officer owned 514,550 shares in the company, valued at approximately $113,231,873. This trade represents a 0.48% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CFO Brian T. Olsavsky sold 17,750 shares of the stock in a transaction dated Wednesday, May 21st. The shares were sold at an average price of $201.57, for a total transaction of $3,577,867.50. Following the completion of the sale, the chief financial officer owned 49,000 shares of the company's stock, valued at approximately $9,876,930. This trade represents a 26.59% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 6,401,408 shares of company stock worth $1,423,159,137. Company insiders own 10.80% of the company's stock.

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.