RFP Financial Group LLC Lowers Stock Holdings in Amazon.com, Inc. (NASDAQ:AMZN)

RFP Financial Group LLC lessened its position in Amazon.com, Inc. (NASDAQ:AMZN) by 5.0% during the 4th quarter, Holdings Channel.com reports. The institutional investor owned 8,206 shares of the e-commerce giant’s stock after selling 434 shares during the quarter. Amazon.com accounts for approximately 0.7% of RFP Financial Group LLC’s portfolio, making the stock its 24th biggest position. RFP Financial Group LLC’s holdings in Amazon.com were worth $1,800,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also recently bought and sold shares of the company. Benedict Financial Advisors Inc. boosted its stake in shares of Amazon.com by 3.4% in the fourth quarter. Benedict Financial Advisors Inc. now owns 18,655 shares of the e-commerce giant’s stock valued at $4,093,000 after purchasing an additional 618 shares during the period. Summit Wealth & Retirement Planning Inc. lifted its holdings in Amazon.com by 6.8% during the 4th quarter. Summit Wealth & Retirement Planning Inc. now owns 3,157 shares of the e-commerce giant’s stock worth $693,000 after buying an additional 200 shares in the last quarter. Richard C. Young & CO. LTD. boosted its position in Amazon.com by 0.7% in the 4th quarter. Richard C. Young & CO. LTD. now owns 88,347 shares of the e-commerce giant’s stock valued at $19,382,000 after buying an additional 601 shares during the period. Investment Advisory Services Inc. TX ADV grew its stake in shares of Amazon.com by 1.1% in the fourth quarter. Investment Advisory Services Inc. TX ADV now owns 14,465 shares of the e-commerce giant’s stock worth $3,173,000 after acquiring an additional 155 shares in the last quarter. Finally, WestEnd Advisors LLC increased its position in shares of Amazon.com by 9.5% during the fourth quarter. WestEnd Advisors LLC now owns 234,069 shares of the e-commerce giant’s stock worth $51,352,000 after acquiring an additional 20,292 shares during the period. Institutional investors and hedge funds own 72.20% of the company’s stock.

Insider Transactions at Amazon.com

In related news, SVP David Zapolsky sold 19,212 shares of the company’s stock in a transaction on Monday, February 24th. The stock was sold at an average price of $217.50, for a total transaction of $4,178,610.00. Following the transaction, the senior vice president now owns 49,950 shares of the company’s stock, valued at $10,864,125. This represents a 27.78 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, VP Shelley Reynolds sold 8,833 shares of the firm’s stock in a transaction on Friday, February 21st. The shares were sold at an average price of $222.47, for a total value of $1,965,077.51. Following the completion of the sale, the vice president now directly owns 119,780 shares of the company’s stock, valued at approximately $26,647,456.60. This trade represents a 6.87 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders sold 106,649 shares of company stock valued at $23,871,905. Corporate insiders own 10.80% of the company’s stock.

Amazon.com Stock Performance

Shares of AMZN opened at $200.70 on Friday. The stock has a market capitalization of $2.13 trillion, a P/E ratio of 36.29, a P/E/G ratio of 1.50 and a beta of 1.19. The company has a debt-to-equity ratio of 0.18, a quick ratio of 0.87 and a current ratio of 1.06. Amazon.com, Inc. has a 1 year low of $151.61 and a 1 year high of $242.52. The company’s fifty day moving average is $224.60 and its two-hundred day moving average is $206.46.

Amazon.com (NASDAQ:AMZN) last issued its quarterly earnings results on Thursday, February 6th. The e-commerce giant reported $1.86 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.52 by $0.34. Amazon.com had a net margin of 9.29% and a return on equity of 24.25%. On average, sell-side analysts predict that Amazon.com, Inc. will post 6.31 earnings per share for the current year.

Analyst Ratings Changes

AMZN has been the subject of a number of recent research reports. JMP Securities reiterated a “market outperform” rating and issued a $285.00 target price on shares of Amazon.com in a report on Friday, February 7th. Telsey Advisory Group reiterated an “outperform” rating and issued a $275.00 price objective on shares of Amazon.com in a research note on Friday, February 7th. Robert W. Baird upped their target price on shares of Amazon.com from $220.00 to $260.00 and gave the stock an “outperform” rating in a research note on Friday, December 13th. Citigroup reaffirmed a “buy” rating on shares of Amazon.com in a report on Thursday, February 13th. Finally, Phillip Securities cut shares of Amazon.com from a “strong-buy” rating to a “moderate buy” rating in a report on Monday, February 10th. Two equities research analysts have rated the stock with a hold rating, forty-two have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $260.65.

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.