RFG Holdings Inc. Increases Stock Holdings in Amazon.com, Inc. (NASDAQ:AMZN)

RFG Holdings Inc. lifted its holdings in Amazon.com, Inc. (NASDAQ:AMZN) by 8.5% during the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 6,491 shares of the e-commerce giant’s stock after purchasing an additional 507 shares during the period. Amazon.com comprises approximately 0.4% of RFG Holdings Inc.’s holdings, making the stock its 22nd biggest position. RFG Holdings Inc.’s holdings in Amazon.com were worth $1,209,000 at the end of the most recent quarter.

Several other large investors also recently added to or reduced their stakes in the business. Tower Wealth Partners Inc. increased its stake in shares of Amazon.com by 10.8% in the first quarter. Tower Wealth Partners Inc. now owns 3,701 shares of the e-commerce giant’s stock worth $668,000 after purchasing an additional 360 shares in the last quarter. Hedeker Wealth LLC increased its stake in Amazon.com by 0.5% in the 1st quarter. Hedeker Wealth LLC now owns 70,741 shares of the e-commerce giant’s stock worth $12,760,000 after buying an additional 317 shares in the last quarter. Sloy Dahl & Holst LLC raised its holdings in Amazon.com by 0.4% during the first quarter. Sloy Dahl & Holst LLC now owns 40,759 shares of the e-commerce giant’s stock valued at $7,352,000 after acquiring an additional 156 shares during the period. Sumitomo Mitsui Trust Holdings Inc. lifted its position in shares of Amazon.com by 4.4% in the first quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 24,751,420 shares of the e-commerce giant’s stock valued at $4,464,661,000 after acquiring an additional 1,040,946 shares in the last quarter. Finally, Azzad Asset Management Inc. ADV boosted its stake in shares of Amazon.com by 1.8% in the first quarter. Azzad Asset Management Inc. ADV now owns 9,641 shares of the e-commerce giant’s stock worth $1,739,000 after acquiring an additional 174 shares during the period. 72.20% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of research analysts recently commented on AMZN shares. Jefferies Financial Group boosted their price target on Amazon.com from $225.00 to $235.00 and gave the stock a “buy” rating in a report on Friday, November 1st. Oppenheimer upped their target price on shares of Amazon.com from $220.00 to $230.00 and gave the stock an “outperform” rating in a research report on Friday, November 1st. Telsey Advisory Group lifted their price target on shares of Amazon.com from $215.00 to $235.00 and gave the company an “outperform” rating in a report on Friday, November 1st. Scotiabank increased their price objective on shares of Amazon.com from $245.00 to $246.00 and gave the company a “sector outperform” rating in a report on Friday, November 1st. Finally, Barclays lifted their target price on Amazon.com from $220.00 to $235.00 and gave the stock an “overweight” rating in a report on Friday, August 2nd. Two equities research analysts have rated the stock with a hold rating, forty have given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, Amazon.com currently has an average rating of “Moderate Buy” and a consensus target price of $234.55.

Amazon.com Price Performance

Shares of AMZN stock opened at $208.18 on Friday. Amazon.com, Inc. has a twelve month low of $139.52 and a twelve month high of $212.25. The company has a current ratio of 1.09, a quick ratio of 0.87 and a debt-to-equity ratio of 0.21. The stock has a fifty day simple moving average of $187.83 and a two-hundred day simple moving average of $184.62. The stock has a market capitalization of $2.19 trillion, a price-to-earnings ratio of 44.58, a P/E/G ratio of 1.34 and a beta of 1.14.

Amazon.com (NASDAQ:AMZN) last issued its earnings results on Thursday, October 31st. The e-commerce giant reported $1.43 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.14 by $0.29. Amazon.com had a net margin of 8.04% and a return on equity of 22.41%. The company had revenue of $158.88 billion for the quarter, compared to analysts’ expectations of $157.28 billion. During the same period in the prior year, the business earned $0.85 EPS. The firm’s quarterly revenue was up 11.0% on a year-over-year basis. On average, analysts predict that Amazon.com, Inc. will post 5.16 EPS for the current fiscal year.

Insider Activity at Amazon.com

In related news, CEO Andrew R. Jassy sold 20,784 shares of the company’s stock in a transaction on Wednesday, August 21st. The stock was sold at an average price of $180.77, for a total transaction of $3,757,123.68. Following the completion of the sale, the chief executive officer now directly owns 2,056,534 shares in the company, valued at $371,759,651.18. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this link. In other Amazon.com news, CEO Andrew R. Jassy sold 20,784 shares of Amazon.com stock in a transaction on Wednesday, August 21st. The shares were sold at an average price of $180.77, for a total value of $3,757,123.68. Following the transaction, the chief executive officer now directly owns 2,056,534 shares of the company’s stock, valued at approximately $371,759,651.18. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, SVP David Zapolsky sold 9,490 shares of the stock in a transaction on Wednesday, August 21st. The shares were sold at an average price of $180.88, for a total value of $1,716,551.20. Following the sale, the senior vice president now owns 64,610 shares of the company’s stock, valued at approximately $11,686,656.80. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 55,859 shares of company stock valued at $10,215,097 over the last ninety days. 10.80% of the stock is owned by company 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.