Amazon.com, Inc. (NASDAQ:AMZN) Shares Purchased by RFG Holdings Inc.

RFG Holdings Inc. raised its holdings in Amazon.com, Inc. (NASDAQ:AMZN - Free Report) by 17.3% during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 8,277 shares of the e-commerce giant's stock after purchasing an additional 1,221 shares during the quarter. Amazon.com comprises approximately 0.5% of RFG Holdings Inc.'s portfolio, making the stock its 19th largest holding. RFG Holdings Inc.'s holdings in Amazon.com were worth $1,575,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also made changes to their positions in AMZN. Tallon Kerry Patrick purchased a new stake in shares of Amazon.com in the fourth quarter valued at about $800,000. Capital & Planning LLC lifted its position in Amazon.com by 72.1% in the fourth quarter. Capital & Planning LLC now owns 3,902 shares of the e-commerce giant's stock valued at $856,000 after purchasing an additional 1,635 shares during the period. LaFleur & Godfrey LLC lifted its position in Amazon.com by 1.8% in the fourth quarter. LaFleur & Godfrey LLC now owns 49,407 shares of the e-commerce giant's stock valued at $10,839,000 after purchasing an additional 860 shares during the period. Brighton Jones LLC boosted its holdings in Amazon.com by 10.9% in the 4th quarter. Brighton Jones LLC now owns 4,036,091 shares of the e-commerce giant's stock valued at $885,478,000 after purchasing an additional 397,007 shares in the last quarter. Finally, Union Bancaire Privee UBP SA acquired a new position in Amazon.com during the 4th quarter worth approximately $301,650,000. 72.20% of the stock is owned by hedge funds and other institutional investors.

Amazon.com Trading Down 1.8%

AMZN traded down $3.91 during midday trading on Monday, hitting $219.39. The company's stock had a trading volume of 58,777,531 shares, compared to its average volume of 42,089,135. 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 firm has a market cap of $2.33 trillion, a P/E ratio of 35.73, a PEG ratio of 1.68 and a beta of 1.34. The firm has a 50-day moving average price of $202.26 and a two-hundred day moving average price of $208.72. Amazon.com, Inc. has a 52-week low of $151.61 and a 52-week high of $242.52.

Amazon.com (NASDAQ:AMZN - Get Free Report) last announced its quarterly earnings data on Thursday, May 1st. The e-commerce giant reported $1.59 earnings per share 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 business had revenue of $155.67 billion for the quarter, compared to analyst estimates of $154.96 billion. During the same period in the prior year, the firm posted $0.98 EPS. The company's revenue was up 8.6% on a year-over-year basis. On average, research analysts anticipate that Amazon.com, Inc. will post 6.31 earnings per share for the current year.

Insider Activity at Amazon.com

In related news, CEO Douglas J. Herrington sold 6,843 shares of Amazon.com stock in a transaction on Wednesday, May 21st. The stock was sold at an average price of $200.77, for a total value of $1,373,869.11. Following the transaction, the chief executive officer owned 519,550 shares in the company, valued at approximately $104,310,053.50. This trade represents a 1.30% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Andrew R. Jassy sold 19,872 shares of the company's stock in a transaction dated Wednesday, May 21st. The stock was sold at an average price of $201.30, for a total value of $4,000,233.60. Following the sale, the chief executive officer owned 2,148,694 shares of the company's stock, valued at $432,532,102.20. This represents a 0.92% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 102,037 shares of company stock valued at $20,531,075 over the last 90 days. 10.80% of the stock is currently owned by insiders.

Analyst Ratings Changes

Several analysts have recently commented on the company. Raymond James Financial reissued an "outperform" rating and issued a $195.00 price target (down from $275.00) on shares of Amazon.com in a report on Monday, April 21st. Citigroup reiterated a "buy" rating on shares of Amazon.com in a research report on Monday, June 2nd. JPMorgan Chase & Co. raised their target price on Amazon.com from $225.00 to $240.00 and gave the company an "overweight" rating in a report on Wednesday, June 4th. JMP Securities reaffirmed a "market outperform" rating on shares of Amazon.com in a research note on Tuesday, May 6th. Finally, Barclays cut their price target on shares of Amazon.com from $265.00 to $240.00 and set an "overweight" rating for the company in a report on Friday, May 2nd. Three equities research analysts have rated the stock with a hold rating, forty-five have issued a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, Amazon.com presently has a consensus rating of "Moderate Buy" and a consensus target price of $245.81.

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.