TFR Capital LLC. Takes Position in Amazon.com, Inc. (NASDAQ:AMZN)

TFR Capital LLC. purchased a new stake in shares of Amazon.com, Inc. (NASDAQ:AMZN - Free Report) during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 30,132 shares of the e-commerce giant's stock, valued at approximately $6,611,000. Amazon.com makes up approximately 3.3% of TFR Capital LLC.'s investment portfolio, making the stock its 7th biggest position.

A number of other hedge funds and other institutional investors have also recently modified their holdings of AMZN. AG Asset Advisory LLC bought a new position in Amazon.com in the fourth quarter valued at about $1,405,000. Probity Advisors Inc. grew its holdings in Amazon.com by 7.2% during the 4th quarter. Probity Advisors Inc. now owns 11,745 shares of the e-commerce giant's stock valued at $2,577,000 after buying an additional 792 shares in the last quarter. Copley Financial Group Inc. grew its holdings in Amazon.com by 8.3% during the 4th quarter. Copley Financial Group Inc. now owns 4,099 shares of the e-commerce giant's stock valued at $899,000 after buying an additional 313 shares in the last quarter. Comprehensive Money Management Services LLC purchased a new position in Amazon.com during the 4th quarter valued at approximately $667,000. Finally, Dogwood Wealth Management LLC boosted its holdings in shares of Amazon.com by 4.6% in the 4th quarter. Dogwood Wealth Management LLC now owns 7,589 shares of the e-commerce giant's stock worth $1,665,000 after purchasing an additional 335 shares during the period. 72.20% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of brokerages recently issued reports on AMZN. Citigroup reissued a "buy" rating on shares of Amazon.com in a research note on Monday, June 2nd. Royal Bank of Canada reduced their price target on Amazon.com from $235.00 to $230.00 and set an "outperform" rating for the company in a research report on Friday, May 2nd. Canaccord Genuity Group reaffirmed a "buy" rating on shares of Amazon.com in a research report on Thursday, February 13th. Scotiabank reduced their price objective on Amazon.com from $306.00 to $250.00 and set a "sector outperform" rating for the company in a research note on Monday, April 21st. Finally, Evercore ISI cut their target price on shares of Amazon.com from $270.00 to $260.00 and set an "outperform" rating for the company in a report on Friday, May 2nd. Four investment analysts have rated the stock with a hold rating and forty-four have issued a buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $244.89.

Amazon.com Trading Down 2.0%

NASDAQ:AMZN traded down $4.41 on Wednesday, reaching $213.20. 39,186,416 shares of the company's stock were exchanged, compared to its average volume of 42,179,291. 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 firm has a market capitalization of $2.26 trillion, a price-to-earnings ratio of 38.55, a price-to-earnings-growth ratio of 1.50 and a beta of 1.33. The business has a fifty day moving average of $193.88 and a 200-day moving average of $209.05. 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 released 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 9.29% and a return on equity of 24.25%. The firm 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 earned $0.98 earnings per share. The business's quarterly revenue was up 8.6% compared to the same quarter last year. As a group, analysts expect that Amazon.com, Inc. will post 6.31 earnings per share for the current year.

Insider Buying and Selling

In other news, CEO Douglas J. Herrington sold 2,500 shares of the stock in a transaction that occurred on Monday, June 2nd. The stock was sold at an average price of $204.98, for a total value of $512,450.00. Following the completion of the sale, the chief executive officer now directly owns 517,050 shares of the company's stock, valued at approximately $105,984,909. This represents a 0.48% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Matthew S. Garman sold 20,923 shares of the stock in a transaction on Wednesday, May 21st. The stock was sold at an average price of $201.30, for a total value of $4,211,799.90. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 102,037 shares of company stock worth $20,531,075. Company insiders own 9.70% 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.