9,680 Shares in Amazon.com, Inc. (NASDAQ:AMZN) Bought by Rahlfs Capital LLC

Rahlfs Capital LLC purchased a new stake in Amazon.com, Inc. (NASDAQ:AMZN - Free Report) in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund purchased 9,680 shares of the e-commerce giant's stock, valued at approximately $2,124,000. Amazon.com makes up 2.0% of Rahlfs Capital LLC's investment portfolio, making the stock its 13th biggest holding.

Several other hedge funds have also recently modified their holdings of the business. Hurley Capital LLC bought a new stake in Amazon.com during the fourth quarter valued at about $1,960,000. Ted Buchan & Co grew its position in shares of Amazon.com by 17.4% in the 4th quarter. Ted Buchan & Co now owns 17,961 shares of the e-commerce giant's stock worth $3,940,000 after buying an additional 2,663 shares during the last quarter. Hemenway Trust Co LLC raised its stake in shares of Amazon.com by 2.5% during the 4th quarter. Hemenway Trust Co LLC now owns 239,888 shares of the e-commerce giant's stock worth $52,629,000 after acquiring an additional 5,808 shares in the last quarter. Katamaran Capital LLP purchased a new stake in Amazon.com during the fourth quarter valued at approximately $6,305,000. Finally, Aviva PLC grew its holdings in Amazon.com by 2.4% in the fourth quarter. Aviva PLC now owns 5,797,979 shares of the e-commerce giant's stock worth $1,272,019,000 after purchasing an additional 134,391 shares during the last quarter. Hedge funds and other institutional investors own 72.20% of the company's stock.

Amazon.com Trading Down 0.7 %

Shares of NASDAQ AMZN traded down $1.34 during midday trading on Tuesday, reaching $185.01. 28,305,174 shares of the stock were exchanged, compared to its average volume of 41,616,201. The stock has a market capitalization of $1.96 trillion, a P/E ratio of 33.46, a PEG ratio of 1.50 and a beta of 1.30. The company has a debt-to-equity ratio of 0.18, a quick ratio of 0.87 and a current ratio of 1.06. The company has a 50 day simple moving average of $189.92 and a 200 day simple moving average of $208.04. Amazon.com, Inc. has a twelve month low of $151.61 and a twelve month high of $242.52.

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, beating analysts' consensus estimates of $1.38 by $0.21. The company had revenue of $155.67 billion for the quarter, compared to the consensus estimate of $154.96 billion. Amazon.com had a return on equity of 24.25% and a net margin of 9.29%. The company's revenue for the quarter was up 8.6% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.98 earnings per share. As a group, equities analysts expect that Amazon.com, Inc. will post 6.31 earnings per share for the current year.

Insider Activity at Amazon.com

In other news, CEO Douglas J. Herrington sold 2,500 shares of the company's stock in a transaction that occurred on Tuesday, April 1st. The shares were sold at an average price of $187.99, for a total value of $469,975.00. Following the transaction, the chief executive officer now directly owns 509,474 shares in the company, valued at approximately $95,776,017.26. This represents a 0.49 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CFO Brian T. Olsavsky sold 14,620 shares of Amazon.com stock in a transaction that occurred on Friday, February 21st. The shares were sold at an average price of $223.14, for a total transaction of $3,262,306.80. Following the completion of the sale, the chief financial officer now owns 49,000 shares of the company's stock, valued at $10,933,860. This trade represents a 22.98 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 107,298 shares of company stock worth $23,818,478. Company insiders own 9.70% of the company's stock.

Analysts Set New Price Targets

A number of research firms have recently weighed in on AMZN. Wedbush reissued an "outperform" rating and issued a $235.00 price objective (up previously from $225.00) on shares of Amazon.com in a research report on Friday. Cantor Fitzgerald lifted their price target on Amazon.com from $230.00 to $240.00 and gave the stock an "overweight" rating in a research report on Friday. Barclays cut their price objective on Amazon.com from $265.00 to $240.00 and set an "overweight" rating on the stock in a report on Friday. Maxim Group upped their target price on Amazon.com from $260.00 to $280.00 and gave the company a "buy" rating in a research report on Friday, February 7th. Finally, HSBC raised their price target on shares of Amazon.com from $225.00 to $270.00 and gave the stock a "buy" rating in a research report on Monday, January 13th. Four 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, the stock currently has an average rating of "Moderate Buy" and an average target price of $244.09.

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.