Paradigm Asset Management Co. LLC Grows Position in Amazon.com, Inc. (NASDAQ:AMZN)

Paradigm Asset Management Co. LLC boosted its holdings in Amazon.com, Inc. (NASDAQ:AMZN) by 132.8% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 15,250 shares of the e-commerce giant’s stock after acquiring an additional 8,700 shares during the quarter. Amazon.com comprises approximately 0.9% of Paradigm Asset Management Co. LLC’s portfolio, making the stock its 16th biggest holding. Paradigm Asset Management Co. LLC’s holdings in Amazon.com were worth $3,346,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of AMZN. Accordant Advisory Group Inc raised its position in Amazon.com by 400.0% in the fourth quarter. Accordant Advisory Group Inc now owns 125 shares of the e-commerce giant’s stock worth $27,000 after acquiring an additional 100 shares in the last quarter. Icon Wealth Advisors LLC grew its holdings in Amazon.com by 20.5% in the third quarter. Icon Wealth Advisors LLC now owns 150,661 shares of the e-commerce giant’s stock valued at $28,000 after purchasing an additional 25,581 shares during the last quarter. Bull Oak Capital LLC acquired a new stake in Amazon.com in the third quarter valued at $45,000. Quattro Financial Advisors LLC grew its holdings in Amazon.com by 23.8% in the fourth quarter. Quattro Financial Advisors LLC now owns 234 shares of the e-commerce giant’s stock valued at $51,000 after purchasing an additional 45 shares during the last quarter. Finally, Values First Advisors Inc. acquired a new stake in Amazon.com in the third quarter valued at $56,000. Hedge funds and other institutional investors own 72.20% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms have weighed in on AMZN. Robert W. Baird upped their target price on Amazon.com from $220.00 to $260.00 and gave the company an “outperform” rating in a report on Friday, December 13th. Royal Bank of Canada upped their target price on Amazon.com from $255.00 to $265.00 and gave the company an “outperform” rating in a report on Friday, February 7th. Cantor Fitzgerald reissued an “overweight” rating and issued a $270.00 target price on shares of Amazon.com in a report on Friday, February 7th. TD Cowen upped their target price on Amazon.com from $240.00 to $265.00 and gave the company a “buy” rating in a report on Thursday, December 12th. Finally, BMO Capital Markets reaffirmed an “outperform” rating and set a $236.00 price objective on shares of Amazon.com in a research note on Tuesday, December 3rd. Two equities research analysts have rated the stock with a hold rating, forty-two have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $260.65.

Amazon.com Stock Performance

Shares of NASDAQ:AMZN opened at $196.21 on Friday. The company has a market cap of $2.08 trillion, a P/E ratio of 35.48, a PEG ratio of 1.50 and a beta of 1.19. The company has a debt-to-equity ratio of 0.18, a quick ratio of 0.87 and a current ratio of 1.06. Amazon.com, Inc. has a one year low of $151.61 and a one year high of $242.52. The business’s 50-day simple moving average is $218.90 and its 200 day simple moving average is $208.19.

Amazon.com (NASDAQ:AMZN) last announced its earnings results on Thursday, February 6th. The e-commerce giant reported $1.86 EPS for the quarter, beating the consensus estimate of $1.52 by $0.34. Amazon.com had a return on equity of 24.25% and a net margin of 9.29%. On average, sell-side analysts forecast that Amazon.com, Inc. will post 6.31 earnings per share for the current fiscal year.

Insider Buying and Selling at Amazon.com

In other Amazon.com news, CEO Douglas J. Herrington sold 5,501 shares of the firm’s stock in a transaction that occurred on Tuesday, February 18th. The stock was sold at an average price of $228.44, for a total transaction of $1,256,648.44. Following the completion of the sale, the chief executive officer now owns 505,318 shares in the company, valued at $115,434,843.92. This trade represents a 1.08 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, VP Shelley Reynolds sold 8,833 shares of the firm’s stock in a transaction that occurred on Friday, February 21st. The shares were sold at an average price of $222.47, for a total value of $1,965,077.51. Following the sale, the vice president now owns 119,780 shares of the company’s stock, valued at approximately $26,647,456.60. This trade represents a 6.87 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 102,298 shares of company stock worth $22,871,828 in the last 90 days. 10.80% of the stock is owned by corporate insiders.

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.