Amazon.com, Inc. (NASDAQ:AMZN) Shares Bought by RFG Advisory LLC

RFG Advisory LLC grew its position in shares of Amazon.com, Inc. (NASDAQ:AMZN - Free Report) by 8.0% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 81,789 shares of the e-commerce giant's stock after purchasing an additional 6,026 shares during the period. Amazon.com makes up approximately 0.5% of RFG Advisory LLC's investment portfolio, making the stock its 29th biggest position. RFG Advisory LLC's holdings in Amazon.com were worth $14,753,000 at the end of the most recent reporting period.

Other large investors have also recently made changes to their positions in the company. Cooksen Wealth LLC purchased a new position in Amazon.com during the fourth quarter worth $30,000. E Fund Management Hong Kong Co. Ltd. boosted its holdings in Amazon.com by 45.0% during the 4th quarter. E Fund Management Hong Kong Co. Ltd. now owns 277 shares of the e-commerce giant's stock valued at $42,000 after acquiring an additional 86 shares during the period. Strid Group LLC bought a new position in Amazon.com in the 4th quarter valued at $43,000. Harbor Investment Advisory LLC increased its stake in Amazon.com by 0.7% in the fourth quarter. Harbor Investment Advisory LLC now owns 299,959 shares of the e-commerce giant's stock worth $46,000 after purchasing an additional 1,988 shares during the period. Finally, Clarity Asset Management Inc. bought a new stake in shares of Amazon.com during the fourth quarter worth $46,000. 72.20% of the stock is owned by institutional investors.

Amazon.com Trading Down 1.9 %

Amazon.com stock traded down $3.51 during trading on Monday, hitting $185.57. The company had a trading volume of 50,573,693 shares, compared to its average volume of 42,166,469. The company has a current ratio of 1.07, a quick ratio of 0.87 and a debt-to-equity ratio of 0.27. The stock has a market cap of $1.93 trillion, a price-to-earnings ratio of 51.98, a price-to-earnings-growth ratio of 1.33 and a beta of 1.14. Amazon.com, Inc. has a 1-year low of $118.35 and a 1-year high of $191.70. The company's 50 day simple moving average is $182.82 and its 200-day simple moving average is $172.00.

Amazon.com (NASDAQ:AMZN - Get Free Report) last announced its quarterly earnings data on Tuesday, April 30th. The e-commerce giant reported $0.98 EPS for the quarter, topping analysts' consensus estimates of $0.83 by $0.15. Amazon.com had a return on equity of 19.86% and a net margin of 6.38%. The business had revenue of $143.31 billion during the quarter, compared to the consensus estimate of $142.65 billion. During the same period in the previous year, the company posted $0.31 earnings per share. The business's revenue for the quarter was up 12.5% on a year-over-year basis. As a group, analysts expect that Amazon.com, Inc. will post 4.72 EPS for the current fiscal year.

Insider Buying and Selling

In related news, CEO Douglas J. Herrington sold 3,500 shares of the company's stock in a transaction dated Monday, June 3rd. The stock was sold at an average price of $177.29, for a total value of $620,515.00. Following the completion of the sale, the chief executive officer now directly owns 523,253 shares of the company's stock, valued at approximately $92,767,524.37. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. In other Amazon.com news, CEO Douglas J. Herrington sold 3,500 shares of the firm's stock in a transaction on Monday, June 3rd. The shares were sold at an average price of $177.29, for a total transaction of $620,515.00. Following the transaction, the chief executive officer now directly owns 523,253 shares of the company's stock, valued at approximately $92,767,524.37. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Adam Selipsky sold 500 shares of the company's stock in a transaction dated Thursday, April 18th. The shares were sold at an average price of $181.38, for a total transaction of $90,690.00. Following the completion of the sale, the chief executive officer now directly owns 130,600 shares of the company's stock, valued at $23,688,228. The disclosure for this sale can be found here. Insiders sold a total of 65,338 shares of company stock worth $11,894,344 over the last 90 days. 10.80% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

AMZN has been the subject of a number of research analyst reports. DA Davidson reaffirmed a "buy" rating and set a $235.00 target price on shares of Amazon.com in a research report on Thursday, April 18th. Wedbush reissued an "outperform" rating and set a $225.00 target price on shares of Amazon.com in a research report on Wednesday, May 1st. Piper Sandler increased their price objective on shares of Amazon.com from $205.00 to $220.00 and gave the company an "overweight" rating in a research note on Wednesday, May 1st. Morgan Stanley boosted their price objective on shares of Amazon.com from $215.00 to $220.00 and gave the stock an "overweight" rating in a research note on Wednesday, May 1st. Finally, Oppenheimer increased their target price on Amazon.com from $210.00 to $220.00 and gave the company an "outperform" rating in a research report on Wednesday, May 1st. One equities research analyst has rated the stock with a hold rating, forty-three have given a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat, Amazon.com has an average rating of "Buy" and a consensus price target of $215.37.

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.