Amazon.com, Inc. (NASDAQ:AMZN) Stock Holdings Lessened by L.M. Kohn & Company

L.M. Kohn & Company decreased its stake in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 3.2% during the 1st quarter, according to the company in its most recent disclosure 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 comprises about 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 also recently modified their holdings of AMZN. Prudent Man Investment Management Inc. purchased a new position in Amazon.com in the fourth quarter worth $27,000. LSV Asset Management purchased a new position in Amazon.com in the fourth quarter worth $35,000. Perritt Capital Management Inc boosted its position 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 worth $42,000 after purchasing an additional 80 shares during the last quarter. Compass Planning Associates Inc purchased a new position in Amazon.com in the fourth quarter worth $51,000. Finally, Halbert Hargrove Global Advisors LLC purchased a new position in Amazon.com in the fourth quarter worth $54,000. Hedge funds and other institutional investors own 72.20% of the company's stock.

Insider Activity at Amazon.com

In other Amazon.com news, CEO Matthew S. Garman sold 20,923 shares of the firm's stock in a transaction on Wednesday, May 21st. The shares were sold at an average price of $201.30, for a total transaction of $4,211,799.90. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 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 completion of the transaction, the insider directly owned 905,679,901 shares of the company's stock, valued at $200,535,643,679.42. This trade represents a 0.34% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 6,401,408 shares of company stock worth $1,423,159,137 over the last 90 days. Company insiders own 10.80% of the company's stock.

Analysts Set New Price Targets

AMZN has been the topic of several research analyst reports. Evercore ISI cut their price objective on Amazon.com from $270.00 to $260.00 and set an "outperform" rating on the stock in a research report on Friday, May 2nd. BNP Paribas Exane upgraded 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. Morgan Stanley lowered their target price on Amazon.com from $280.00 to $245.00 and set an "overweight" rating on the stock in a research note on Monday, April 14th. Citizens Jmp lowered their target price on Amazon.com from $285.00 to $240.00 and set an "outperform" rating on the stock in a research note on Monday, April 14th. Finally, Sanford C. Bernstein set a $235.00 target price on Amazon.com and gave the company an "outperform" rating in a research note on Tuesday, July 1st. Three analysts have rated the stock with a hold rating, forty-six have issued a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average target price of $246.41.

Amazon.com Stock Performance

Amazon.com stock opened at $219.36 on Wednesday. Amazon.com, Inc. has a 12-month low of $151.61 and a 12-month high of $242.52. The company has a market capitalization of $2.33 trillion, a price-to-earnings ratio of 35.73, a price-to-earnings-growth ratio of 1.68 and a beta of 1.33. The company has a debt-to-equity ratio of 0.17, a current ratio of 1.05 and a quick ratio of 0.84. The firm's fifty day moving average price is $207.80 and its 200 day moving average price is $208.58.

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

About Amazon.com

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.

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