RFG Advisory LLC Grows Stock Position in Amazon.com, Inc. (NASDAQ:AMZN)

RFG Advisory LLC boosted its holdings in shares of Amazon.com, Inc. (NASDAQ:AMZN - Free Report) by 11.0% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 120,976 shares of the e-commerce giant's stock after acquiring an additional 11,993 shares during the period. Amazon.com comprises 0.6% of RFG Advisory LLC's portfolio, making the stock its 21st largest holding. RFG Advisory LLC's holdings in Amazon.com were worth $23,017,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently modified their holdings of AMZN. Prudent Man Investment Management Inc. purchased a new position in shares of Amazon.com during the 4th quarter worth $27,000. Accordant Advisory Group Inc boosted its stake in Amazon.com by 400.0% in the 4th quarter. Accordant Advisory Group Inc now owns 125 shares of the e-commerce giant's stock worth $27,000 after buying an additional 100 shares during the last quarter. LSV Asset Management purchased a new position in shares of Amazon.com during the 4th quarter worth about $35,000. Perritt Capital Management Inc boosted its holdings in shares of Amazon.com by 72.7% in the 4th 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. Finally, Compass Planning Associates Inc acquired a new stake in Amazon.com during the fourth quarter worth about $51,000. Hedge funds and other institutional investors own 72.20% of the company's stock.

Analyst Upgrades and Downgrades

AMZN has been the topic of a number of recent research reports. Needham & Company LLC restated a "buy" rating and set a $220.00 price objective on shares of Amazon.com in a research note on Friday, May 2nd. Truist Financial decreased their target price on Amazon.com from $265.00 to $230.00 and set a "buy" rating for the company in a research report on Thursday, April 10th. BNP Paribas upgraded Amazon.com to a "hold" rating in a research note on Wednesday, April 30th. Tigress Financial boosted their target price on shares of Amazon.com from $290.00 to $305.00 and gave the company a "buy" rating in a research note on Tuesday, May 6th. Finally, Jefferies Financial Group lowered their price objective on shares of Amazon.com from $250.00 to $240.00 and set a "buy" rating for the company in a research report on Tuesday, April 22nd. Four equities research analysts have rated the stock with a hold rating and forty-four have given a buy rating to the stock. Based on data from MarketBeat.com, Amazon.com has a consensus rating of "Moderate Buy" and a consensus target price of $244.89.

Amazon.com Stock Down 0.5%

Amazon.com stock opened at $212.10 on Friday. Amazon.com, Inc. has a twelve month low of $151.61 and a twelve month high of $242.52. The company has a quick ratio of 0.87, a current ratio of 1.06 and a debt-to-equity ratio of 0.18. The company has a 50 day moving average of $195.47 and a 200-day moving average of $209.18. The stock has a market capitalization of $2.25 trillion, a PE ratio of 38.35, a price-to-earnings-growth ratio of 1.50 and a beta of 1.33.

Amazon.com (NASDAQ:AMZN - Get Free Report) last released its earnings results on Thursday, May 1st. The e-commerce giant reported $1.59 earnings per share for the quarter, beating analysts' consensus estimates of $1.38 by $0.21. Amazon.com had a net margin of 9.29% and a return on equity of 24.25%. The business had revenue of $155.67 billion during the quarter, compared to the consensus estimate of $154.96 billion. During the same quarter last year, the firm earned $0.98 earnings per share. The firm's revenue for the quarter was up 8.6% compared to the same quarter last year. On average, equities research analysts anticipate that Amazon.com, Inc. will post 6.31 EPS for the current fiscal year.

Insider Activity

In other Amazon.com news, CEO Douglas J. Herrington sold 2,500 shares of the company's stock in a transaction on Tuesday, April 1st. The shares were sold at an average price of $187.99, for a total transaction of $469,975.00. Following the transaction, the chief executive officer now owns 509,474 shares in the company, valued at approximately $95,776,017.26. This represents a 0.49% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, Director Keith Brian Alexander sold 1,000 shares of the firm's stock in a transaction dated Monday, May 12th. The shares were sold at an average price of $210.68, for a total transaction of $210,680.00. Following the completion of the transaction, the director now directly owns 5,465 shares in the company, valued at approximately $1,151,366.20. The trade was a 15.47% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 102,037 shares of company stock valued at $20,531,075. 9.70% of the stock is owned by insiders.

Amazon.com Company 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.

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