Paradigm Asset Management Co. LLC Has $2.87 Million Stock Holdings in Amazon.com, Inc. (NASDAQ:AMZN)

Paradigm Asset Management Co. LLC lowered its position in shares of Amazon.com, Inc. (NASDAQ:AMZNFree Report) by 1.0% in the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor owned 18,900 shares of the e-commerce giant’s stock after selling 200 shares during the quarter. Amazon.com comprises 0.8% of Paradigm Asset Management Co. LLC’s holdings, making the stock its 17th biggest position. Paradigm Asset Management Co. LLC’s holdings in Amazon.com were worth $2,872,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently modified their holdings of AMZN. Norges Bank acquired a new stake in shares of Amazon.com during the fourth quarter worth $17,700,551,000. Vanguard Group Inc. lifted its holdings in shares of Amazon.com by 4.4% during the third quarter. Vanguard Group Inc. now owns 757,951,795 shares of the e-commerce giant’s stock worth $96,350,832,000 after buying an additional 32,038,029 shares in the last quarter. International Assets Investment Management LLC lifted its holdings in shares of Amazon.com by 16,029.3% during the fourth quarter. International Assets Investment Management LLC now owns 23,865,216 shares of the e-commerce giant’s stock worth $36,260,810,000 after buying an additional 23,717,254 shares in the last quarter. FMR LLC raised its holdings in Amazon.com by 7.7% in the 3rd quarter. FMR LLC now owns 302,101,441 shares of the e-commerce giant’s stock valued at $38,403,135,000 after acquiring an additional 21,649,871 shares in the last quarter. Finally, J.P. Morgan Private Wealth Advisors LLC bought a new stake in shares of Amazon.com during the 3rd quarter valued at $610,138,000. Institutional investors and hedge funds own 72.20% of the company’s stock.

Analysts Set New Price Targets

AMZN has been the topic of a number of recent analyst reports. Truist Financial raised their price target on Amazon.com from $216.00 to $220.00 and gave the stock a “buy” rating in a research report on Wednesday, May 1st. Piper Sandler boosted their target price on shares of Amazon.com from $205.00 to $220.00 and gave the company an “overweight” rating in a research report on Wednesday, May 1st. Rosenblatt Securities reaffirmed a “buy” rating and set a $220.00 price target on shares of Amazon.com in a report on Wednesday, May 1st. Raymond James lifted their price objective on shares of Amazon.com from $200.00 to $205.00 and gave the company a “strong-buy” rating in a research note on Wednesday, May 1st. Finally, Tigress Financial upped their target price on Amazon.com from $210.00 to $245.00 and gave the stock a “buy” rating in a research note on Thursday, May 30th. One equities research analyst has rated the stock with a hold rating, forty-three have assigned a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Buy” and an average price target of $213.82.

Read Our Latest Stock Analysis on AMZN

Insider Buying and Selling

In other Amazon.com news, CEO Douglas J. Herrington sold 3,500 shares of the firm’s stock in a transaction that occurred on Monday, June 3rd. The stock was sold at an average price of $177.29, for a total value of $620,515.00. Following the completion of the sale, the chief executive officer now owns 523,253 shares of the company’s stock, valued at $92,767,524.37. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. In related news, VP Shelley Reynolds sold 2,700 shares of the company’s stock in a transaction dated Tuesday, May 21st. The shares were sold at an average price of $181.39, for a total value of $489,753.00. Following the sale, the vice president now owns 119,780 shares in the company, valued at approximately $21,726,894.20. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Douglas J. Herrington sold 3,500 shares of Amazon.com stock in a transaction dated Monday, June 3rd. The shares were sold at an average price of $177.29, for a total value of $620,515.00. Following the transaction, the chief executive officer now owns 523,253 shares of the company’s stock, valued at approximately $92,767,524.37. The disclosure for this sale can be found here. In the last three months, insiders have sold 65,838 shares of company stock valued at $11,984,344. 10.80% of the stock is owned by company insiders.

Amazon.com Stock Performance

NASDAQ:AMZN opened at $184.30 on Friday. The company has a quick ratio of 0.87, a current ratio of 1.07 and a debt-to-equity ratio of 0.27. Amazon.com, Inc. has a twelve month low of $118.35 and a twelve month high of $191.70. The company has a fifty day moving average of $182.53 and a 200-day moving average of $168.83. The firm has a market capitalization of $1.92 trillion, a P/E ratio of 51.62, a P/E/G ratio of 1.32 and a beta of 1.14.

Amazon.com (NASDAQ:AMZNGet Free Report) last posted its quarterly earnings results on Tuesday, April 30th. The e-commerce giant reported $0.98 earnings per share for the quarter, beating the consensus estimate of $0.83 by $0.15. The firm had revenue of $143.31 billion during the quarter, compared to the consensus estimate of $142.65 billion. Amazon.com had a net margin of 6.38% and a return on equity of 19.86%. The business’s revenue was up 12.5% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.31 earnings per share. As a group, sell-side analysts anticipate that Amazon.com, Inc. will post 4.72 EPS for the current year.

Amazon.com Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Amazon.com (NASDAQ:AMZN)

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