Rappaport Reiches Capital Management LLC Has $2.05 Million Stock Position in Amazon.com, Inc. (NASDAQ:AMZN)

Rappaport Reiches Capital Management LLC boosted its stake in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 4.1% during the 3rd quarter, according to its most recent 13F filing with the SEC. The firm owned 11,008 shares of the e-commerce giant’s stock after buying an additional 435 shares during the period. Amazon.com makes up approximately 0.5% of Rappaport Reiches Capital Management LLC’s holdings, making the stock its 24th biggest holding. Rappaport Reiches Capital Management LLC’s holdings in Amazon.com were worth $2,051,000 as of its most recent SEC filing.

Several other hedge funds have also recently bought and sold shares of AMZN. CCM Investment Advisers LLC raised its holdings in shares of Amazon.com by 1.1% in the third quarter. CCM Investment Advisers LLC now owns 150,260 shares of the e-commerce giant’s stock valued at $27,998,000 after purchasing an additional 1,700 shares during the last quarter. San Luis Wealth Advisors LLC raised its holdings in shares of Amazon.com by 9.2% in the third quarter. San Luis Wealth Advisors LLC now owns 47,888 shares of the e-commerce giant’s stock valued at $8,923,000 after purchasing an additional 4,041 shares during the last quarter. Albion Financial Group UT raised its holdings in shares of Amazon.com by 22.6% in the third quarter. Albion Financial Group UT now owns 240,698 shares of the e-commerce giant’s stock valued at $44,849,000 after purchasing an additional 44,416 shares during the last quarter. Christopher J. Hasenberg Inc raised its holdings in shares of Amazon.com by 51.3% in the third quarter. Christopher J. Hasenberg Inc now owns 454 shares of the e-commerce giant’s stock valued at $83,000 after purchasing an additional 154 shares during the last quarter. Finally, Westwind Capital acquired a new stake in shares of Amazon.com in the third quarter valued at approximately $25,376,000. 72.20% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of brokerages recently weighed in on AMZN. Wedbush boosted their target price on shares of Amazon.com from $225.00 to $250.00 and gave the stock an “outperform” rating in a report on Friday, November 1st. The Goldman Sachs Group boosted their target price on shares of Amazon.com from $230.00 to $240.00 and gave the stock a “buy” rating in a report on Friday, November 1st. Scotiabank boosted their target price on shares of Amazon.com from $245.00 to $246.00 and gave the stock a “sector outperform” rating in a report on Friday, November 1st. Itau BBA Securities cut shares of Amazon.com from an “outperform” rating to a “market perform” rating and set a $186.00 price objective for the company. in a research report on Friday, August 2nd. Finally, Robert W. Baird lifted their price objective on shares of Amazon.com from $213.00 to $220.00 and gave the stock an “outperform” rating in a research report on Friday, November 1st. Two equities research analysts have rated the stock with a hold rating, forty have assigned a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $234.55.

Insider Activity at Amazon.com

In related news, CEO Andrew R. Jassy sold 20,784 shares of the company’s stock in a transaction that occurred on Wednesday, August 21st. The stock was sold at an average price of $180.77, for a total value of $3,757,123.68. Following 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 ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. In other Amazon.com news, CFO Brian T. Olsavsky sold 14,600 shares of the stock in a transaction that occurred on Wednesday, August 21st. The stock was sold at an average price of $180.00, for a total transaction of $2,628,000.00. Following the transaction, the chief financial officer now directly owns 49,000 shares in the company, valued at approximately $8,820,000. This represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Andrew R. Jassy sold 20,784 shares of the stock in a transaction that occurred on Wednesday, August 21st. The stock was 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 owns 2,056,534 shares in the company, valued at $371,759,651.18. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 55,859 shares of company stock worth $10,215,097 over the last ninety days. Insiders own 10.80% of the company’s stock.

Amazon.com Stock Performance

Amazon.com stock opened at $210.05 on Friday. The business has a 50 day moving average of $186.48 and a 200-day moving average of $184.23. Amazon.com, Inc. has a 1 year low of $139.52 and a 1 year high of $212.25. The company has a debt-to-equity ratio of 0.21, a current ratio of 1.09 and a quick ratio of 0.87. The company has a market capitalization of $2.21 trillion, a P/E ratio of 44.98, a P/E/G ratio of 1.34 and a beta of 1.14.

Amazon.com (NASDAQ:AMZN) last announced its earnings results on Thursday, October 31st. The e-commerce giant reported $1.43 EPS for the quarter, beating the consensus estimate of $1.14 by $0.29. Amazon.com had a return on equity of 22.41% and a net margin of 8.04%. The business 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 posted $0.85 earnings per share. The firm’s revenue was up 11.0% on a year-over-year basis. On average, equities research analysts predict that Amazon.com, Inc. will post 5.16 earnings per share for the current year.

About Amazon.com

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.