Paragon Financial Partners Inc. Has $1.08 Million Holdings in Amazon.com, Inc. (NASDAQ:AMZN)

Paragon Financial Partners Inc. boosted its stake in Amazon.com, Inc. (NASDAQ:AMZN) by 13.8% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 7,090 shares of the e-commerce giant’s stock after purchasing an additional 860 shares during the quarter. Amazon.com comprises about 1.0% of Paragon Financial Partners Inc.’s investment portfolio, making the stock its 18th largest holding. Paragon Financial Partners Inc.’s holdings in Amazon.com were worth $1,077,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also recently added to or reduced their stakes in AMZN. Lake Hills Wealth Management LLC grew its position in shares of Amazon.com by 0.8% in the 4th quarter. Lake Hills Wealth Management LLC now owns 7,985 shares of the e-commerce giant’s stock valued at $1,213,000 after acquiring an additional 65 shares during the period. Veery Capital LLC grew its holdings in Amazon.com by 1.1% during the fourth quarter. Veery Capital LLC now owns 5,890 shares of the e-commerce giant’s stock worth $895,000 after purchasing an additional 66 shares during the period. Bellwether Advisors LLC boosted its position in Amazon.com by 2.3% during the fourth quarter. Bellwether Advisors LLC now owns 2,936 shares of the e-commerce giant’s stock worth $446,000 after purchasing an additional 66 shares during the period. StrategIQ Financial Group LLC boosted its holdings in shares of Amazon.com by 0.3% during the fourth quarter. StrategIQ Financial Group LLC now owns 23,259 shares of the e-commerce giant’s stock worth $3,534,000 after acquiring an additional 66 shares during the period. Finally, Marion Wealth Management lifted its holdings in Amazon.com by 1.6% during the 4th quarter. Marion Wealth Management now owns 4,321 shares of the e-commerce giant’s stock worth $657,000 after buying an additional 67 shares during the period. Institutional investors and hedge funds own 72.20% of the company’s stock.

Wall Street Analyst Weigh In

AMZN has been the topic of a number of analyst reports. Moffett Nathanson reaffirmed a “buy” rating and issued a $228.00 price objective on shares of Amazon.com in a research note on Thursday, April 11th. Oppenheimer increased their target price on shares of Amazon.com from $200.00 to $210.00 and gave the company an “outperform” rating in a report on Friday, February 2nd. Monness Crespi & Hardt boosted their target price on Amazon.com from $170.00 to $215.00 and gave the stock a “buy” rating in a research note on Friday, February 2nd. Needham & Company LLC reaffirmed a “buy” rating and set a $205.00 price target on shares of Amazon.com in a research report on Thursday, April 18th. Finally, Wells Fargo & Company boosted their price objective on Amazon.com from $211.00 to $217.00 and gave the stock an “overweight” rating in a research report on Monday, April 1st. One analyst has rated the stock with a hold rating, forty-four have issued a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, Amazon.com has a consensus rating of “Buy” and a consensus target price of $205.13.

Insider Buying and Selling at Amazon.com

In other news, CEO Adam Selipsky sold 500 shares of the stock in a transaction on Thursday, February 1st. The shares were sold at an average price of $155.72, for a total value of $77,860.00. Following the transaction, the chief executive officer now owns 116,560 shares of the company’s stock, valued at approximately $18,150,723.20. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. In other Amazon.com news, insider Jeffrey P. Bezos sold 5,998,849 shares of Amazon.com stock in a transaction dated Wednesday, February 7th. The stock was sold at an average price of $170.16, for a total transaction of $1,020,764,145.84. Following the completion of the sale, the insider now owns 982,252,968 shares of the company’s stock, valued at $167,140,165,034.88. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, CEO Adam Selipsky sold 500 shares of the company’s stock in a transaction dated Thursday, February 1st. The stock was sold at an average price of $155.72, for a total value of $77,860.00. Following the completion of the transaction, the chief executive officer now owns 116,560 shares of the company’s stock, valued at $18,150,723.20. The disclosure for this sale can be found here. Insiders sold a total of 32,214,010 shares of company stock worth $5,505,889,146 over the last three months. 10.80% of the stock is owned by insiders.

Amazon.com Price Performance

Amazon.com stock opened at $180.96 on Tuesday. The stock has a market cap of $1.88 trillion, a price-to-earnings ratio of 62.40, a PEG ratio of 1.55 and a beta of 1.17. The company has a quick ratio of 0.84, a current ratio of 1.05 and a debt-to-equity ratio of 0.29. The business has a 50-day simple moving average of $178.22 and a 200 day simple moving average of $159.32. Amazon.com, Inc. has a 52 week low of $101.15 and a 52 week high of $189.77.

Amazon.com (NASDAQ:AMZN) last issued its quarterly earnings results on Thursday, February 1st. The e-commerce giant reported $1.00 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 return on equity of 16.61% and a net margin of 5.29%. The company’s revenue for the quarter was up 13.9% on a year-over-year basis. During the same quarter last year, the company posted $0.21 EPS. On average, research analysts forecast that Amazon.com, Inc. will post 4.11 earnings per share for the current fiscal year.

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.