RFP Financial Group LLC Acquires 176 Shares of Amazon.com, Inc. (NASDAQ:AMZN)

RFP Financial Group LLC grew its holdings in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 1.5% during the third quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 12,229 shares of the e-commerce giant’s stock after buying an additional 176 shares during the period. Amazon.com makes up 0.7% of RFP Financial Group LLC’s investment portfolio, making the stock its 23rd largest holding. RFP Financial Group LLC’s holdings in Amazon.com were worth $1,555,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of the company. Kavar Capital Partners Group LLC boosted its stake in Amazon.com by 7.6% in the 1st quarter. Kavar Capital Partners Group LLC now owns 1,121 shares of the e-commerce giant’s stock worth $3,654,000 after purchasing an additional 79 shares during the period. IFM Investors Pty Ltd raised its holdings in shares of Amazon.com by 21.8% during the 1st quarter. IFM Investors Pty Ltd now owns 72,911 shares of the e-commerce giant’s stock valued at $237,686,000 after buying an additional 13,060 shares in the last quarter. Ironwood Wealth Management LLC. increased its stake in Amazon.com by 0.8% in the 1st quarter. Ironwood Wealth Management LLC. now owns 1,810 shares of the e-commerce giant’s stock worth $5,901,000 after purchasing an additional 15 shares during the period. Markel Corp increased its stake in Amazon.com by 0.6% in the 1st quarter. Markel Corp now owns 99,068 shares of the e-commerce giant’s stock worth $322,956,000 after purchasing an additional 550 shares during the period. Finally, Leelyn Smith LLC increased its stake in Amazon.com by 24.8% in the 1st quarter. Leelyn Smith LLC now owns 2,721 shares of the e-commerce giant’s stock worth $8,870,000 after purchasing an additional 540 shares during the period. 57.96% of the stock is currently owned by institutional investors.

Amazon.com Stock Performance

NASDAQ AMZN opened at $155.20 on Thursday. The company has a quick ratio of 0.74, a current ratio of 0.98 and a debt-to-equity ratio of 0.33. Amazon.com, Inc. has a 52-week low of $88.12 and a 52-week high of $161.73. The business’s 50-day moving average price is $151.26 and its 200 day moving average price is $140.34. The firm has a market cap of $1.60 trillion, a P/E ratio of 80.41, a P/E/G ratio of 1.54 and a beta of 1.16.

Wall Street Analyst Weigh In

Several equities research analysts recently weighed in on the company. Telsey Advisory Group lifted their price target on Amazon.com from $165.00 to $185.00 and gave the company an “outperform” rating in a research report on Wednesday, January 24th. Truist Financial reaffirmed a “buy” rating and set a $176.00 price objective on shares of Amazon.com in a research report on Wednesday, November 29th. Rosenblatt Securities increased their price objective on Amazon.com from $184.00 to $185.00 and gave the company a “buy” rating in a research report on Friday, October 27th. Oppenheimer increased their price objective on Amazon.com from $170.00 to $200.00 and gave the company an “outperform” rating in a research report on Friday, December 1st. Finally, StockNews.com raised Amazon.com from a “hold” rating to a “buy” rating in a research report on Wednesday, November 1st. One research analyst has rated the stock with a hold rating, forty-one have issued a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Buy” and a consensus target price of $176.56.

Check Out Our Latest Research Report on AMZN

Insider Buying and Selling

In other news, CEO Adam Selipsky sold 500 shares of the business’s stock in a transaction that occurred on Thursday, January 18th. The stock was sold at an average price of $152.78, for a total transaction of $76,390.00. Following the sale, the chief executive officer now owns 117,560 shares of the company’s stock, valued at approximately $17,960,816.80. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. In related news, VP Shelley Reynolds sold 3,120 shares of the company’s stock in a transaction on Tuesday, November 21st. The shares were sold at an average price of $143.19, for a total transaction of $446,752.80. Following the completion of the sale, the vice president now directly owns 119,780 shares of the company’s stock, valued at approximately $17,151,298.20. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CEO Adam Selipsky sold 500 shares of the company’s stock in a transaction dated Thursday, January 18th. The shares were sold at an average price of $152.78, for a total transaction of $76,390.00. Following the completion of the transaction, the chief executive officer now directly owns 117,560 shares of the company’s stock, valued at $17,960,816.80. The disclosure for this sale can be found here. Insiders have sold a total of 61,829 shares of company stock valued at $8,877,353 over the last quarter. 12.70% of the stock is currently owned by insiders.

About Amazon.com

(Free Report)

Amazon.com, Inc engages in the retail sale of consumer products and subscriptions through online and physical stores in North America and internationally. It operates through three segments: North America, International, and Amazon Web Services (AWS). The company's products offered through its stores include merchandise and content purchased for resale; and products offered by third-party sellers.

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Institutional Ownership by Quarter for Amazon.com (NASDAQ:AMZN)

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