L.M. Kohn & Company Sells 2,858 Shares of Amazon.com, Inc. (NASDAQ:AMZN)

L.M. Kohn & Company trimmed its holdings in shares of Amazon.com, Inc. (NASDAQ:AMZN - Free Report) by 3.2% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 86,145 shares of the e-commerce giant's stock after selling 2,858 shares during the period. Amazon.com comprises approximately 4.3% of L.M. Kohn & Company's holdings, making the stock its 4th biggest holding. L.M. Kohn & Company's holdings in Amazon.com were worth $16,390,000 as of its most recent SEC filing.

Other institutional investors have also recently modified their holdings of the company. Prudent Man Investment Management Inc. acquired a new stake in Amazon.com during the fourth quarter worth approximately $27,000. LSV Asset Management purchased a new stake in shares of Amazon.com in the fourth quarter valued at $35,000. Perritt Capital Management Inc increased its stake in Amazon.com by 72.7% in the fourth quarter. Perritt Capital Management Inc now owns 190 shares of the e-commerce giant's stock valued at $42,000 after purchasing an additional 80 shares during the last quarter. Compass Planning Associates Inc purchased a new position in Amazon.com during the fourth quarter worth about $51,000. Finally, Halbert Hargrove Global Advisors LLC purchased a new stake in Amazon.com in the 4th quarter valued at about $54,000. 72.20% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

AMZN has been the topic of a number of research reports. Roth Capital set a $250.00 price objective on Amazon.com and gave the stock a "buy" rating in a report on Tuesday. Evercore ISI decreased their price objective on shares of Amazon.com from $270.00 to $260.00 and set an "outperform" rating for the company in a research note on Friday, May 2nd. BNP Paribas Exane raised shares of Amazon.com from a "neutral" rating to an "outperform" rating and set a $254.00 target price on the stock in a research note on Friday, June 27th. Stifel Nicolaus decreased their price target 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, Raymond James Financial reissued an "outperform" rating and issued a $195.00 price objective (down from $275.00) on shares of Amazon.com in a research report on Monday, April 21st. Three research analysts have rated the stock with a hold rating, forty-five have given a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average target price of $249.42.

Amazon.com Stock Performance

Shares of AMZN traded up $2.80 during midday trading on Friday, hitting $225.06. 44,214,818 shares of the stock traded hands, compared to its average volume of 42,097,614. The company has a debt-to-equity ratio of 0.17, a quick ratio of 0.84 and a current ratio of 1.05. Amazon.com, Inc. has a 1-year low of $151.61 and a 1-year high of $242.52. The business's 50 day moving average price is $209.20 and its two-hundred day moving average price is $208.66. The firm has a market capitalization of $2.39 trillion, a PE ratio of 36.65, a price-to-earnings-growth ratio of 1.67 and a beta of 1.33.

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

Insiders Place Their Bets

In other news, CFO Brian T. Olsavsky sold 17,750 shares of the firm's stock in a transaction on Wednesday, May 21st. The stock was sold at an average price of $201.57, for a total transaction of $3,577,867.50. Following the transaction, the chief financial officer directly owned 49,000 shares of the company's stock, valued at approximately $9,876,930. This trade represents a 26.59% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Jeffrey P. Bezos sold 3,100,000 shares of Amazon.com stock in a transaction dated Friday, June 27th. The shares were sold at an average price of $221.42, for a total transaction of $686,402,000.00. Following the sale, the insider owned 905,679,901 shares in the company, valued at approximately $200,535,643,679.42. This represents a 0.34% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 6,886,613 shares of company stock worth $1,531,840,610. 9.70% of the stock is owned by company insiders.

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.