Sage Rhino Capital LLC Buys 81 Shares of Amazon.com, Inc. (NASDAQ:AMZN)

Sage Rhino Capital LLC increased its stake in Amazon.com, Inc. (NASDAQ:AMZN) by 0.5% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 17,303 shares of the e-commerce giant’s stock after purchasing an additional 81 shares during the period. Sage Rhino Capital LLC’s holdings in Amazon.com were worth $2,629,000 as of its most recent filing with the SEC.

A number of other hedge funds also recently modified their holdings of the stock. Savant Capital LLC increased its position in shares of Amazon.com by 7.4% in the fourth quarter. Savant Capital LLC now owns 253,956 shares of the e-commerce giant’s stock worth $38,586,000 after purchasing an additional 17,435 shares during the period. Alpha Cubed Investments LLC increased its position in shares of Amazon.com by 11.7% in the fourth quarter. Alpha Cubed Investments LLC now owns 441,716 shares of the e-commerce giant’s stock worth $67,114,000 after purchasing an additional 46,391 shares during the period. MONECO Advisors LLC increased its position in shares of Amazon.com by 51.0% in the fourth quarter. MONECO Advisors LLC now owns 53,541 shares of the e-commerce giant’s stock worth $8,135,000 after purchasing an additional 18,095 shares during the period. Northcape Wealth Management LLC bought a new position in shares of Amazon.com in the fourth quarter worth $232,000. Finally, Pekin Hardy Strauss Inc. increased its position in shares of Amazon.com by 6.3% in the fourth quarter. Pekin Hardy Strauss Inc. now owns 23,313 shares of the e-commerce giant’s stock worth $3,542,000 after purchasing an additional 1,385 shares during the period. Institutional investors own 72.20% of the company’s stock.

Analyst Upgrades and Downgrades

AMZN has been the topic of a number of recent analyst reports. Needham & Company LLC restated a “buy” rating and issued a $205.00 price target on shares of Amazon.com in a research report on Wednesday, May 15th. TD Cowen lifted their target price on Amazon.com from $200.00 to $225.00 and gave the company an “outperform” rating in a research report on Friday, February 2nd. Citigroup lifted their target price on Amazon.com from $235.00 to $245.00 and gave the company a “buy” rating in a research report on Wednesday, May 1st. Sanford C. Bernstein lifted their target price on Amazon.com from $175.00 to $200.00 and gave the company an “outperform” rating in a research report on Friday, February 2nd. Finally, Truist Financial lifted their target price on Amazon.com from $216.00 to $220.00 and gave the company a “buy” rating in a research report on Wednesday, May 1st. One equities research analyst has rated the stock with a hold rating, forty-four have given a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, Amazon.com has an average rating of “Buy” and an average price target of $211.62.

Insider Buying and Selling

In related news, CEO Andrew R. Jassy sold 50,000 shares of the stock in a transaction on Monday, March 4th. The stock was sold at an average price of $180.00, for a total value of $9,000,000.00. Following the transaction, the chief executive officer now directly owns 1,994,182 shares in the company, valued at approximately $358,952,760. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. In related news, CEO Andrew R. Jassy sold 50,000 shares of the stock in a transaction on Monday, March 4th. The stock was sold at an average price of $180.00, for a total value of $9,000,000.00. Following the completion of the sale, the chief executive officer now directly owns 1,994,182 shares of the company’s stock, valued at approximately $358,952,760. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, Director Keith Brian Alexander sold 1,000 shares of the stock in a transaction on Monday, May 6th. The shares were sold at an average price of $186.22, for a total value of $186,220.00. Following the completion of the sale, the director now directly owns 4,760 shares of the company’s stock, valued at $886,407.20. The disclosure for this sale can be found here. Insiders have sold a total of 70,320 shares of company stock worth $12,722,720 in the last ninety days. Corporate insiders own 10.80% of the company’s stock.

Amazon.com Price Performance

Amazon.com stock opened at $183.13 on Thursday. The stock has a market capitalization of $1.91 trillion, a price-to-earnings ratio of 51.30, a PEG ratio of 1.33 and a beta of 1.15. Amazon.com, Inc. has a 52-week low of $113.78 and a 52-week high of $191.70. The stock’s 50 day moving average price is $181.87 and its two-hundred day moving average price is $165.67. The company has a debt-to-equity ratio of 0.27, a quick ratio of 0.87 and a current ratio of 1.07.

Amazon.com (NASDAQ:AMZN) last issued its earnings results on Tuesday, April 30th. The e-commerce giant reported $0.98 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.83 by $0.15. Amazon.com had a return on equity of 19.86% and a net margin of 6.38%. The company had revenue of $143.31 billion for the quarter, compared to analysts’ expectations of $142.65 billion. During the same period last year, the business earned $0.31 EPS. Amazon.com’s quarterly revenue was up 12.5% compared to the same quarter last year. On average, equities analysts predict that Amazon.com, Inc. will post 4.67 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.