Paragon Financial Partners Inc. Purchases 1,900 Shares of Amazon.com, Inc. (NASDAQ:AMZN)

Paragon Financial Partners Inc. grew its stake in shares of Amazon.com, Inc. (NASDAQ:AMZN) by 43.7% in the third quarter, Holdings Channel reports. The fund owned 6,250 shares of the e-commerce giant’s stock after acquiring an additional 1,900 shares during the quarter. Amazon.com accounts for about 0.8% of Paragon Financial Partners Inc.’s portfolio, making the stock its 23rd largest position. Paragon Financial Partners Inc.’s holdings in Amazon.com were worth $706,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also recently modified their holdings of AMZN. Fiduciary Planning LLC lifted its position in Amazon.com by 1.5% during the 1st quarter. Fiduciary Planning LLC now owns 349 shares of the e-commerce giant’s stock valued at $1,138,000 after acquiring an additional 5 shares during the period. HBC Financial Services PLLC raised its holdings in Amazon.com by 0.8% in the first quarter. HBC Financial Services PLLC now owns 616 shares of the e-commerce giant’s stock worth $1,717,000 after buying an additional 5 shares during the last quarter. Meridian Investment Counsel Inc. raised its holdings in Amazon.com by 3.4% in the first quarter. Meridian Investment Counsel Inc. now owns 151 shares of the e-commerce giant’s stock worth $492,000 after buying an additional 5 shares during the last quarter. Alterna Wealth Management Inc. grew its stake in shares of Amazon.com by 1.8% in the first quarter. Alterna Wealth Management Inc. now owns 289 shares of the e-commerce giant’s stock worth $942,000 after acquiring an additional 5 shares during the period. Finally, Archetype Wealth Partners grew its stake in shares of Amazon.com by 3.7% in the first quarter. Archetype Wealth Partners now owns 169 shares of the e-commerce giant’s stock worth $552,000 after acquiring an additional 6 shares during the period. 57.64% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

AMZN has been the subject of several recent research reports. Mizuho cut their target price on shares of Amazon.com from $155.00 to $135.00 and set a “buy” rating for the company in a research report on Friday, October 28th. Royal Bank of Canada lowered their target price on shares of Amazon.com from $175.00 to $135.00 and set an “outperform” rating on the stock in a report on Friday, October 28th. The Goldman Sachs Group lowered their target price on shares of Amazon.com from $165.00 to $145.00 and set a “buy” rating on the stock in a report on Friday, January 13th. Raymond James decreased their price target on shares of Amazon.com from $164.00 to $130.00 and set an “outperform” rating on the stock in a research note on Friday, October 28th. Finally, Sanford C. Bernstein cut their price objective on shares of Amazon.com from $150.00 to $125.00 and set an “outperform” rating on the stock in a research report on Friday, October 28th. Two analysts have rated the stock with a sell rating, three have given a hold rating and forty-two have given a buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $145.87.

Insider Buying and Selling at Amazon.com

In other Amazon.com news, CEO Douglas J. Herrington sold 7,456 shares of the business’s stock in a transaction dated Monday, November 21st. The stock was sold at an average price of $94.00, for a total value of $700,864.00. Following the completion of the sale, the chief executive officer now owns 533,435 shares of the company’s stock, valued at $50,142,890. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. In related news, CEO Douglas J. Herrington sold 15,787 shares of the business’s stock in a transaction dated Tuesday, November 15th. The stock was sold at an average price of $103.10, for a total transaction of $1,627,639.70. Following the transaction, the chief executive officer now directly owns 522,251 shares in the company, valued at $53,844,078.10. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Douglas J. Herrington sold 7,456 shares of the business’s stock in a transaction dated Monday, November 21st. The shares were sold at an average price of $94.00, for a total value of $700,864.00. Following the transaction, the chief executive officer now owns 533,435 shares in the company, valued at $50,142,890. The disclosure for this sale can be found here. Insiders have sold 52,428 shares of company stock worth $5,077,578 over the last 90 days. 12.70% of the stock is currently owned by corporate insiders.

Amazon.com Stock Up 3.8 %

AMZN opened at $97.25 on Monday. Amazon.com, Inc. has a one year low of $81.43 and a one year high of $170.83. The company has a debt-to-equity ratio of 0.43, a quick ratio of 0.68 and a current ratio of 0.94. The stock’s fifty day moving average is $90.72 and its 200-day moving average is $110.23. The company has a market capitalization of $992.11 billion, a PE ratio of 89.26, a P/E/G ratio of 3.06 and a beta of 1.22.

Amazon.com (NASDAQ:AMZNGet Rating) last issued its earnings results on Thursday, October 27th. The e-commerce giant reported $0.20 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.22 by ($0.02). Amazon.com had a return on equity of 14.44% and a net margin of 2.25%. The company had revenue of $127.10 billion during the quarter, compared to analyst estimates of $127.47 billion. During the same quarter in the previous year, the firm earned $0.31 earnings per share. The business’s revenue was up 14.7% compared to the same quarter last year. On average, equities analysts predict that Amazon.com, Inc. will post 0.68 EPS for the current fiscal year.

Amazon.com Profile

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Amazon.com, Inc is a multinational technology company, which engages in the provision of online retail shopping services. It operates through the following business segments: North America, International, and Amazon Web Services (AWS). The North America segment includes retail sales of consumer products and subscriptions through North American-focused websites such as www.amazon.com and www.amazon.ca.

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

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