Paragon Advisors LLC Has $4.46 Million Position in Amazon.com, Inc. (NASDAQ:AMZN)

Paragon Advisors LLC decreased its holdings in Amazon.com, Inc. (NASDAQ:AMZN - Free Report) by 8.5% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 20,347 shares of the e-commerce giant's stock after selling 1,884 shares during the quarter. Amazon.com makes up approximately 1.5% of Paragon Advisors LLC's holdings, making the stock its 21st largest holding. Paragon Advisors LLC's holdings in Amazon.com were worth $4,464,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds also recently modified their holdings of AMZN. Czech National Bank grew its stake in shares of Amazon.com by 6.6% during the 4th quarter. Czech National Bank now owns 2,029,097 shares of the e-commerce giant's stock valued at $445,164,000 after buying an additional 126,224 shares during the period. Graypoint LLC grew its position in Amazon.com by 1.6% during the fourth quarter. Graypoint LLC now owns 84,128 shares of the e-commerce giant's stock valued at $18,457,000 after acquiring an additional 1,307 shares during the period. RMR Wealth Builders grew its position in Amazon.com by 2.5% during the fourth quarter. RMR Wealth Builders now owns 70,423 shares of the e-commerce giant's stock valued at $15,450,000 after acquiring an additional 1,690 shares during the period. Lynch & Associates IN increased its stake in Amazon.com by 4.0% during the fourth quarter. Lynch & Associates IN now owns 21,192 shares of the e-commerce giant's stock worth $4,649,000 after acquiring an additional 824 shares during the last quarter. Finally, Tilia Fiduciary Partners Inc. raised its holdings in shares of Amazon.com by 2.6% in the 4th quarter. Tilia Fiduciary Partners Inc. now owns 11,421 shares of the e-commerce giant's stock worth $2,506,000 after purchasing an additional 285 shares during the period. Institutional investors and hedge funds own 72.20% of the company's stock.

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on AMZN shares. Cantor Fitzgerald reissued an "overweight" rating and set a $270.00 target price on shares of Amazon.com in a research report on Wednesday. Benchmark increased their price objective on shares of Amazon.com from $200.00 to $215.00 and gave the stock a "buy" rating in a research report on Friday, November 1st. Needham & Company LLC reissued a "buy" rating and issued a $250.00 target price on shares of Amazon.com in a research note on Tuesday. The Goldman Sachs Group upped their price target on shares of Amazon.com from $230.00 to $240.00 and gave the stock a "buy" rating in a research report on Friday, November 1st. Finally, Royal Bank of Canada raised their price objective on Amazon.com from $215.00 to $225.00 and gave the company an "outperform" rating in a research report on Friday, November 1st. Two equities research analysts have rated the stock with a hold rating, forty-two have assigned a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $247.72.

Amazon.com Price Performance

Shares of AMZN traded up $4.30 during trading hours on Wednesday, hitting $235.01. 41,375,972 shares of the company were exchanged, compared to its average volume of 31,919,486. 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 $2.47 trillion, a PE ratio of 50.32, a PEG ratio of 1.26 and a beta of 1.14. The firm has a fifty day simple moving average of $218.73 and a 200-day simple moving average of $196.68. Amazon.com, Inc. has a one year low of $151.61 and a one year high of $235.44.

Amazon.com (NASDAQ:AMZN - Get Free Report) last announced its earnings results on Thursday, October 31st. The e-commerce giant reported $1.43 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.14 by $0.29. Amazon.com had a net margin of 8.04% and a return on equity of 22.41%. The company had revenue of $158.88 billion for the quarter, compared to the consensus estimate of $157.28 billion. During the same period in the previous year, the business earned $0.85 EPS. The company's revenue was up 11.0% on a year-over-year basis. As a group, sell-side analysts predict that Amazon.com, Inc. will post 5.39 earnings per share for the current year.

Insider Buying and Selling

In related news, insider Jeffrey P. Bezos sold 2,996,362 shares of the company's stock in a transaction on Friday, November 8th. The shares were sold at an average price of $208.85, for a total transaction of $625,790,203.70. Following the completion of the sale, the insider now directly owns 917,416,976 shares of the company's stock, valued at approximately $191,602,535,437.60. This represents a 0.33 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Jonathan Rubinstein sold 4,351 shares of the company's stock in a transaction dated Monday, December 9th. The shares were sold at an average price of $229.85, for a total transaction of $1,000,077.35. Following the sale, the director now owns 88,203 shares of the company's stock, valued at $20,273,459.55. This trade represents a 4.70 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 6,032,344 shares of company stock worth $1,253,456,822. Insiders own 10.80% of the company's stock.

Amazon.com Company 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.