Rappaport Reiches Capital Management LLC Acquires 494 Shares of Amazon.com, Inc. (NASDAQ:AMZN)

Rappaport Reiches Capital Management LLC increased its holdings in Amazon.com, Inc. (NASDAQ:AMZN) by 7.2% in the 4th quarter, according to its most recent filing with the SEC. The institutional investor owned 7,389 shares of the e-commerce giant’s stock after buying an additional 494 shares during the quarter. Rappaport Reiches Capital Management LLC’s holdings in Amazon.com were worth $1,123,000 at the end of the most recent reporting period.

Other hedge funds have also bought and sold shares of the company. Mayflower Financial Advisors LLC lifted its holdings in Amazon.com by 0.3% in the third quarter. Mayflower Financial Advisors LLC now owns 194,762 shares of the e-commerce giant’s stock valued at $25,000 after acquiring an additional 572 shares during the period. PayPay Securities Corp lifted its stake in shares of Amazon.com by 54.3% in the 3rd quarter. PayPay Securities Corp now owns 267 shares of the e-commerce giant’s stock worth $34,000 after purchasing an additional 94 shares during the period. E Fund Management Hong Kong Co. Ltd. boosted its holdings in shares of Amazon.com by 45.0% in the fourth quarter. E Fund Management Hong Kong Co. Ltd. now owns 277 shares of the e-commerce giant’s stock worth $42,000 after buying an additional 86 shares during the last quarter. Authentikos Wealth Advisory LLC bought a new stake in Amazon.com during the third quarter valued at approximately $49,000. Finally, Bruce G. Allen Investments LLC purchased a new stake in Amazon.com during the fourth quarter valued at approximately $57,000. Hedge funds and other institutional investors own 72.20% of the company’s stock.

Amazon.com Trading Up 1.5 %

NASDAQ AMZN opened at $177.23 on Tuesday. Amazon.com, Inc. has a 12 month low of $101.15 and a 12 month high of $189.77. The company’s 50-day moving average price is $177.38 and its 200-day moving average price is $157.63. The stock has a market cap of $1.84 trillion, a PE ratio of 61.11, a PEG ratio of 1.52 and a beta of 1.17. The company has a current ratio of 1.05, a quick ratio of 0.84 and a debt-to-equity ratio of 0.29.

Amazon.com (NASDAQ:AMZN) last posted its quarterly earnings results on Thursday, February 1st. The e-commerce giant reported $1.00 earnings per share for the quarter, beating the consensus estimate of $0.81 by $0.19. The firm had revenue of $169.96 billion during the quarter, compared to the consensus estimate of $165.96 billion. Amazon.com had a net margin of 5.29% and a return on equity of 16.61%. The company’s revenue was up 13.9% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.21 earnings per share. Equities research analysts forecast that Amazon.com, Inc. will post 4.1 earnings per share for the current year.

Insider Activity

In other news, VP Shelley Reynolds sold 3,100 shares of the business’s stock in a transaction on Wednesday, February 21st. The stock was sold at an average price of $168.97, for a total value of $523,807.00. Following the completion of the transaction, the vice president now directly owns 119,780 shares of the company’s stock, valued at approximately $20,239,226.60. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. In other news, Director Jonathan Rubinstein sold 12,133 shares of the company’s stock in a transaction on Friday, February 9th. The stock was sold at an average price of $171.00, for a total transaction of $2,074,743.00. Following the transaction, the director now directly owns 115,220 shares of the company’s stock, valued at $19,702,620. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, VP Shelley Reynolds sold 3,100 shares of the firm’s stock in a transaction on Wednesday, February 21st. The stock was sold at an average price of $168.97, for a total value of $523,807.00. Following the completion of the sale, the vice president now directly owns 119,780 shares of the company’s stock, valued at approximately $20,239,226.60. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 32,214,010 shares of company stock worth $5,505,889,146. Corporate insiders own 10.80% of the company’s stock.

Analyst Ratings Changes

AMZN has been the subject of a number of recent research reports. Monness Crespi & Hardt boosted their price objective on shares of Amazon.com from $170.00 to $215.00 and gave the company a “buy” rating in a research report on Friday, February 2nd. Royal Bank of Canada raised their price objective on Amazon.com from $180.00 to $215.00 and gave the stock an “outperform” rating in a research note on Friday, February 2nd. Roth Mkm reiterated a “buy” rating and set a $205.00 price objective on shares of Amazon.com in a research note on Tuesday, April 16th. Wolfe Research raised their target price on shares of Amazon.com from $195.00 to $205.00 and gave the stock an “outperform” rating in a research note on Friday, February 2nd. Finally, Canaccord Genuity Group upped their price target on shares of Amazon.com from $185.00 to $200.00 and gave the stock a “buy” rating in a research report on Friday, February 2nd. One investment analyst has rated the stock with a hold rating, forty-four have assigned a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Buy” and an average target price of $202.80.

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.